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 p...