According to the report titled ‘Global Pseudocapacitor Market Size study, by Type (Intercalation Pseudocapacitor, Redox Pseudocapacitor), by Material (Manganese Oxide Based Pseudocapacitor, Ruthenium Oxide Based Pseudocapacitor), by Application (Automotive, Energy, Consumer Electronics, Medical, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global pseudocapacitor market is anticipated to record a robust growth during 2020-2027.
 

Growing usage of the product in renewable energy generation plants, along with rising production & sales of consumer electronics are primarily driving the growth of global pseudocapacitor market.
 

For those uninitiated, faradic supercapacitor or pseudocapacitor, is a component of an electrochemical energy storage system which store electric energy through transfer of electron charge between electrodes and electrolytes. The amount of electric charge collected is linearly proportional to the voltage used. Pseudocapacitor utilizes electrochemical and electromagnetic energy storage technologies, that are widely used in devices which demonstrate high energy density such as portable electronic devices.
 

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Furthermore, extensive application of pseudocapacitors in medical devices as they use biocompatible and non-toxic materials as well as have miniature size & mechanical flexibility, is stimulating the market expansion. As per Statista, in 2016, the global production of medical devices was estimated at about USD 679 billion, which reached USD 786 billion in 2018. In addition, medical devices production is expected to increase to USD 894 billion by the end of 2020, fueling the product for pseudocapacitors.
 

However, hefty cost of the material as well as issues of low energy density and overheating are likely to restrain the industry growth over the study period.
 

Based on type, global pseudocapacitor market is split into redox pseudocapacitor, and intercalation pseudocapacitor. Speaking of material type, the industry is bifurcated into ruthenium oxide based pseudocapacitor, and manganese oxide based pseudocapacitor. As per application spectrum, the market is categorized into medical, consumer electronics, energy, automotive, and others.
 

From the regional perspective, worldwide pseudocapacitor industry sphere is segmented into Europe, Latin America, North America, Asia Pacific, and Rest of the World. As per the report, Asia Pacific currently holds considerable market share and is reckoned to witness modest gains over the estimated timeframe, on account of concentration of manufacturers in the region, along with growing adoption of portable electronic devices and electric vehicles.
 

Major players impacting global pseudocapacitor market trends are Tokin Corporation, LS Mtron Ltd., Supreme Power Solutions Co. Ltd., Yunasko, Nippon Chemi-Con Corporation, Ioxus Inc., Panasonic Corporation, Nesscap Co. Ltd., and Maxwell Technologies Inc.