Supercapacitors Market

Global Supercapacitors Market Size (2023 To 2028)

The global supercapacitors market size is expected to be worth USD 2.50 Billion in 2023. It is expected to grow at a CAGR of 15.24% during the forecast period and reach a value of USD 5.08 Billion by 2028.

Supercapacitors, also known as ultra-capacitors, are high-capacity capacitors with a capacitance value that is higher than other capacitors with lower voltage limits, which bridges the gap between rechargeable batteries and electrolytic capacitors. These capacitors typically store 10 to 100 times more energy per unit volume or mass than electrolytic capacitors can accept and deliver charge in a faster way than cells and tolerate more charge and discharge cycles than traditional rechargeable batteries.  These supercapacitors vary from the standard capacitor in two ways: the plates of a supercapacitor have a larger surface area, and the distance between them is much smaller when compared to the conventional capacitors. This differentiation between these plates plays in a different way than the traditional dielectric, where a supercapacitor works like an ordinary capacitor but can store energy which is hugely more abundant in amounts.

Supercapacitors are used for storing energy and undergoing frequent charge and discharge cycles at higher and shorter durations. Therefore, these supercapacitors are a holistic combination of the properties of traditional batteries and capacitors. They are also used for regenerative braking, burst-mode power delivery, or short-term energy storage within cranes, buses, trains, elevators, cars, and hybrid electric vehicles (HEV). The smaller units of these supercapacitors are employed as memory backup for the static random-access memory (SRAM) and in applications that are in solar power, battery backup, batteries, and flashlights. 

MARKET DRIVERS:

Rising improvements in storage technology with the help of emerging market segments like smart grids, hybrid electric vehicles (HEV), and renewable energy systems are driving the growth of the target market. 

Growing demand for renewable energy solutions is driving the global supercapacitors market. Also, the significant factors that are boosting the growth of the target market are the developments in storage technology along with emerging sectors like hybrid electric vehicles (HEV), smart grids, and renewable energy systems. Also, the capability of supercapacitors to offer emergency shutdown or backup to low-power equipment such as RAM, SRAM, micro-controllers, and PC Cards drive this business demand. Moreover, these devices are more agile than conventional batteries, coupled with rising demand for stabilized power supply in various applications with fluctuating loads, such as laptop computers, GPS, hand-held devices, and portable media players, are the other factors that are contributing to the market size growth.

Also, the increasing production of supercapacitor-based vehicles because of the concerns regarding the environment, climate change, and greenhouse gases, which have proven to be global menaces that affect crop cycles, weather systems, and entire ecosystems are bolstering the global supercapacitors market.

MARKET RESTRAINTS:

However, the higher costs that are associated with the products are the major restraining factor for the global supercapacitors market growth.

REPORT COVERAGE:

This research report on the global supercapacitors market has been segmented and sub-segmented into the following categories.

Global Supercapacitors Market – By Type:

• Double-layer capacitors
• Pseudocapacitors
• Hybrid capacitors
  • Composite Hybrids
  • Asymmetric Hybrids
  • Battery-type Hybrids

Global Supercapacitors Market – By Vertical Outlook:

• Consumer Electronics
• Industrial
• Automotive
• Energy
• Medical
• Aerospace & Defense

Global Supercapacitors Market – By Application:

• Laptop
• Camera
• Solar Watch
• Power Backup
• Audio System
• Smoke Detector
• Engine
• UPS
• Buses
• EV/HEV
• Trains and Locomotives
• Defibrillators
• Aircraft

Global Supercapacitors Market – By Outlook of Materials:

• Activated Carbon
• Carbide Derived Carbon
• Carbon Aerogel
• Graphene
• Metal Oxides
• Conductive Polymers

Global Supercapacitors Market – By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

In the regional analysis of the Global Supercapacitors Market, North America held a significant share of the overall market's revenue. It is also anticipated to dominate the market during the forecast period. The growth of the supercapacitors market in this region is attributed to the transition to sustainable technologies, like electric vehicle adoption, and the growing investments in the development of renewable energy in the U.S. and Canada. It is also foreseen that the target market is going to witness significant growth in the Asia Pacific region over the outlook period. This growth of the supercapacitors market in this region owes to the growing number of investments in businesses. Moreover, the presence of firms that manufacture consumer electronics and automotive in China, Japan, and South Korea is increasing the consumption of these devices.

KEY MARKET PLAYERS:

The key players of the global supercapacitors market include Maxwell Technologies, Inc. (U.S.), Panasonic Corporation (Japan), CAP-XX Limited (Australia), Murata Manufacturing Co., Ltd. (Japan), Nesscap Energy Inc. (Canada), AVX Corp (U.S.), Axion Power International, Inc. (U.S.), ELNA CO., LTD. (Japan), Haydale (U.K.),  DuPont (U.S.), Lomiko Metals  Inc. (Canada), Komatsu Ltd. (Japan) and Toyota Motor Sales, Inc. (U.S.).

RECENT HAPPENINGS IN THE MARKET:

• Maxwell Technologies, Inc. and Nesscap Energy Inc., which are leading developers and manufacturers of capacitive energy storage and power delivery solutions, have announced that they have entered into an agreement that includes the acquisition of all the assets and business of Nesscap by Maxwell Technologies.
• Cap-XX Limited has updated the company's acquisition of Murata's supercapacitor production lines which is planned to relocate from Japan to a new, more massive factory in Sydney.