The global supercapacitors market is likely to progress in a significant way during the forecast period. It is estimated that the target market is going to reach US$ 5.979.67 Mn by 2026, recording a CAGR of 15.24% during the forecast period from 2021 to 2026.
Supercapacitors, also known as ultracapacitors, are the high-capacity capacitors with the capacitance value that is higher than other capacitors with lower voltage limits, which bridges the gap between rechargeable batteries and electrolytic capacitors. These capacitors are typically stores 10 to 100 times more energy per unit volume or mass than the electrolytic capacitors that can accept and deliver charge in a faster way than cells and tolerates more charge and discharge cycles than traditional rechargeable batteries.
These supercapacitors are varied from the standard capacitor in two ways which are the plates of a supercapacitor having a larger surface area and the distance between them that 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.
These supercapacitors are used for storing energy and undergoing frequent charge and discharge cycles at a 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 the cranes, buses, trains, elevators, cars, and hybrid electric vehicles (HEV). And the smaller units of these supercapacitors are employed as memory backup for the static random-access memory (SRAM)and in the applications that are in solar power, battery backup, batteries, and flash-lights.
Rising improvements in storage technology with the help of emerging market segments like smart grids, hybrid electric vehicles (HEV), renewable energy systems are driving the growth of the target market.
• Maxwell Technologies, Inc. and Nesscap Energy Inc., which are leading developers and manufacturers of capacitive energy storage and power delivery solutions, has 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.
Drivers and Restraints of Supercapacitors 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 the storage technology along with the 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 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, 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, which affect crop cycles, weather systems, and entire ecosystems are bolstering the global supercapacitors market.
However, the higher costs that are associated with the products is the major restraining factor for the global supercapacitors market growth.
Market Segmentation of Supercapacitors Market
Based on the type, the global Supercapacitors Market is segmented into Double-layer capacitors, Pseudocapacitors, and Hybrid capacitors. Of these, the hybrid capacitors segment is sub-segmented into Composite Hybrids, Asymmetric Hybrids, and Battery- type Hybrids.
Based on the Vertical outlook, the global Supercapacitors market is segmented into Consumer Electronics, Industrial, Automotive, Energy, Medical, and Aerospace & Defense.
Based on the size of the system, the global Supercapacitors Market is a segmented as Laptop, Camera, Solar Watch, Power Backup, Audio System, Smoke Detector, Engine, UPS, Buses, EV/HEV, Trains and Locomotives, Defibrillators, and Aircraft.
And on the outlook of materials, the global Supercapacitors Market is segmented into Activated Carbon, Carbide Derived Carbon, Carbon Aerogel, Graphene, Metal Oxides, and Conductive Polymers.
Global Supercapacitors Market Region-wise analysis
• North America
• South America
• Middle East & Africa
In the regional analysis of the Global Supercapacitors Market, North America held for a significant share in 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 for the development of renewable energy in the U.S. and Canada. It is also foreseen that the target market is going to witnessing significant growth in the Asia Pacific region over the outlook period. This growth of the supercapacitors market in this region owes to the growing amount 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 Players of the Supercapacitors Market
The key players of the Globally 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.).
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Supercapacitors Market, By Type
6.1.1 Double Layer Capacitors
6.1.3 Hybrid Capacitors
6.1.4 Composite Hybrids
6.1.5 Asymmetric Hybrids
6.1.6 Battery- Type Hybrids
6.1.7 Market Size Estimations & Forecasts (2019-2024)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Supercapacitors Market, By Application
6.2.2 Audio System
6.2.4 Solar Watch
6.2.7 Power Backup
6.2.8 Buses and Aircraft
6.2.10 Trains & Locomotives
6.2.11 Market Size Estimations & Forecasts (2019-2024)
6.2.12 Y-o-Y Growth Rate Analysis
6.2.13 Market Attractiveness Index
6.3 Supercapacitors Market, By Vertical
6.3.1 Consumer Electronics
6.3.6 Aerospace & Defense
6.3.7 Market Size Estimations & Forecasts (2019-2024)
6.3.8 Y-o-Y Growth Rate Analysis
6.3.9 Market Attractiveness Index
6.4 Supercapacitors Market, By Material Used
6.4.1 Activated Carbon
6.4.2 Carbide derived Carbon
6.4.3 Carbon Aerogel
6.4.5 Metal Oxides
6.4.6 Conductive Polymers
6.4.7 Market Size Estimations & Forecasts (2019-2024)
6.4.8 Y-o-Y Growth Rate Analysis
6.4.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Application
7.2.4 By Vertical
7.2.5 By Material Used
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.3.4 By Vertical
7.3.5 By Material Used
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.4.4 By Vertical
7.4.5 By Material Used
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.5.4 By Vertical
7.5.5 By Material Used
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Type
7.6.3 By Application
7.6.4 By Vertical
7.6.5 By Material Used
8. Key Player Analysis
8.1 Maxwell Technologies, Inc
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Panasonic Corporation
8.3 CAP-XX Limited
8.4 Murata Manufacturing Co., Ltd
8.5 Nesscap Energy Inc
8.6 AVX Corp
8.7 Axion Power International, Inc.
8.8 ELNA CO., LTD
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures