New product launches and agreements to widen application scope for supercapacitors

 

Many challenges such as the need to raise energy efficiency and designing eco-friendly products are circling the electronics and semiconductor industry. The development of supercapacitors is one of the major boons for the industry. The application scope of supercapacitors is increasing considerably as manufacturers are adopting various strategies such as new product launches and agreements. New product launches are aimed at improving the performance of battery products. Moreover, agreements are signed to expand the product reach in new regions. The application scope of supercapacitors will widen in the coming years as manufacturers find new ways to tackle existing issues. According to the report published by Allied Market Research, the global supercapacitor market is estimated to reach $16.95 billion by 2027. Following are some of the activities taking place across the world.

The launch of new products is a major strategy adopted by market players to strengthen their product portfolio and increase the market share. Moreover, they strive to close the existing gaps to enable technology companies develop improved products. AVX Corporation, one of the leading companies operating in the electronics and semiconductor domain, launched a new series of supercapacitors. They are aimed at offering optimum performance for SWaP-optimized and battery-powered products. The newly-launched series of supercapacitors is known as SCP Series PrizmaCap™ supercapacitors.  

The company outlined that the newly-launched supercapacitors can be utilized alone or in combination with primary and secondary batteries. This will increase the backup time and battery time. In addition, it provides instant power pulses for pulse power handling, energy holdup and storage, and battery assistance applications. The new range of supercapacitors is the most suitable for applications such as wearble devices, handheld device, wireless keyboards, e-readers, and industrial equipment. The launch of such products opens up a new array of applications in sectors such as commercial, consumer, and industrial electronics.

Along with the new product launches, market players adopted the strategy of agreements to expand their market share and product reach. Skeleton Technologies, one of the leading supercapacitor energy storage providers, signed an agreement of €11.6 million with the Canadian equipment distributor Class8 Energy. Under the terms of agreement, the products of Skeleton will be distributed across the North America heavy vehicle market. Honoring the agreement, Class8 highlighted that it will supply the supercapacitor modules of Skeleton to UAP’s Heavy Vehicle parts division, which has the widest distribution network in Canada.

Ants Vill, the Chief Commercial Officer at Skeleton Technologies, stated that this agreement will expand the market penetration of the company in the multibillion North American heavy vehicles industry. There are various issues that the trucking industry in the North American region is suffering. These issues include requirements of sustainability, energy efficiency, and cost-savings. Through the usage of supercapacitors, the industry will be able to overcome these issues. The officials from Class8 outlined that the company will collaborate with Skeleton in tacking the environmental issues and strive to provide the greener future for the North American market. Such agreements will continue to play a crucial role in preserving the environment.