According to the latest report by IMARC Group “Supercapacitor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global supercapacitor market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.2 Billion by 2028, exhibiting a growth rate (CAGR) of 22.3% during 2023-2028.
A supercapacitor, also known as an ultracapacitor, refers to an electronic device that stores extensive amounts of electrical charge. It comprises of two metal plates coated with porous activated carbon that are immersed in an electrolyte. Compared to the traditionally used batteries, supercapacitors offer numerous benefits, such as delivering stabilized power, remaining operational for a broader range of temperatures, handling more fluctuations, etc. Consequently, supercapacitors are utilized in smartphones, laptops, and other electronic devices that run on batteries and require fast and regular charging to function. As a result, supercapacitors are widely used across various sectors, such as automotive, transportation, consumer electronics, power and energy, healthcare, etc.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The growing requirement for energy-efficient equipment for solar and wind power systems is one of the key factors driving the supercapacitor market. Furthermore, the expanding product usage in the automotive industry for regenerative braking, short-term energy storage, burst-mode power delivery, etc., is also catalyzing the market growth. In line with this, supercapacitors are used in automobiles for smooth charge and discharge cycles, which is acting as another significant growth-inducing factor. Moreover, the shifting consumer preferences towards electric vehicles (EVs) and Hybrid Electric Vehicles (HEV) are further augmenting the global market. In addition to this, the escalating demand for consumer electronic products with high or long-lasting battery capacities is anticipated to fuel the supercapacitor market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AVX Corporation
- Cap-XX Limited (Kyocera)
- Eaton Corporation PLC
- Elna Co. Ltd. (Taiyo Yuden)
- Ioxus Inc. (XS Power Batteries)
- Kemet Corporation (Yageo Corporation)
- LS Mtron Ltd.
- Nippon Chemi-Con Corporation
- Panasonic Corporation
- Seiko Instruments Inc.
- Skeleton Technologies GmbH
- Tesla Inc.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Product Type:
- Electric Double-Layered Capacitors
- Pseudocapacitors
- Hybrid Capacitors
Breakup by Module Type:
- Less than 25V
- 25-100V
- More than 100V
Breakup by Material Type:
- Carbon and Metal Oxide
- Conducting Polymer
- Composite Materials
Breakup by End Use Industry:
- Automotive and Transportation
- Consumer Electronics
- Power and Energy
- Healthcare
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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