USD 398.72 billion
Report ID: SQMIG20D2111 | Region: Global | Published Date: May, 2023 | Pages: 157 | Tables: 66 | Figures: 77
Global Supercapacitor Market size was valued at USD 398.72 billion in 2021 and is poised to grow from USD 455.34 billion in 2022 to USD 1153.44 billion by 2030, at a CAGR of 14.2% during the forecast period (2023-2030).
Supercapacitor batteries have a wider operating temperature range than conventional batteries, can withstand more fluctuations and discharge cycles, and supply power that is stabilised, thus boosting its sales in the global market. The Vikram Sarabhai Space Centre (VSSC) of the Indian Space Research Organisation (ISRO) has developed the technology for processing supercapacitors (2.5 V) with variable capacitance values, such as 5 F, 120 F, 350 F, and 500 F, to meet the demands of specialised applications in the field of space exploration and societal needs. Hybrid electric vehicles can be more efficient in a number of ways thanks to the usage of supercapacitors. The rise of supercapacitors in the automotive industry has been pushed by many market vendors experiencing greater sales in the electric car sector. For instance, according to EV volumes, sales of 10,6 million units were predicted for the entire year of 2022, representing a gain of 57% over 2021, with BEVs reaching 8 million units and PHEVs 2,6 million units. Additionally, it was predicted that there would be nearly 27 million EVs in use by the end of 2022, including light vehicles, 70% BEVs, and 30% PHEVs.
Global Market Size
USD 398.72 billion
Double Layered Capacitors
Double Layered Capacitors
To get more reports on the above market click here to Buy The Report
Global Supercapacitor Market is segmented on the basis of application, type, electrode material and region. By type, the market is segmented into double layered capacitors, pseudo capacitors, hybrid capacitors. By application, market is segmented into automotive, energy, consumer electronics, industrial, aerospace, medical. By electrode material the market is segmented into carbon, metal oxide, conducting polymers, composites. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
In 2022, the supercapacitor market is expected to be dominated by the double-layered capacitor category. As an alternative to traditional batteries, double-layered capacitors are utilized. These capacitors perform incredibly well in any application where a constant energy source over a brief period of time is necessary. In consumer electronics products like foldable phones, PCs, laptops, and smart wearables, double-layered capacitors are taking the place of conventional batteries. Since supercapacitors are a more environmentally friendly form of energy than traditional batteries, many battery producers are diversifying their product lines to include double-layered capacitors.
A sizable market share was also contributed by the segment of pseudo capacitors. These capacitors are applied in a variety of ways to integrate batteries, boosting power density and regulating electrical flow in energy storage systems. The market for hybrid capacitors will grow from 2022 to 2028 as a result of established research and development facilities by significant industry players to produce hybrid capacitors, such as lithium-ion capacitors, with higher efficiency and financial viability.
Analysis by Application
Due to an increasing trend towards adopting low emission vehicles, the automotive application category is predicted to have one of the fastest rising rates in the market. In addition, there were market sectors for consumer electronics, drones, energy harvesting, military, and maritime applications. The enormous potential brought about by the rising popularity of consumer electronics and the technological developments in this sector are expected to stimulate the growth of the other section of this market in the nation.
The energy segment is expected to have the fastest growth rate with a CAGR of 21.5% during the forecast period. Supercapacitors are used in energy storage systems for various applications such as backup power, grid stabilization, and renewable energy integration.
To get detailed analysis on other segments, Request For Sample Report
During the anticipated period, the supercapacitor market is anticipated to receive the most support from Asia Pacific. Supercapacitors are likely to be more in demand in China as a result of the country's accelerated industrialization and infrastructure growth. The market for supercapacitors used in the automotive sector is growing since China is the world's largest manufacturer of affordable vehicles. Additionally, it has been noted that South Korea and Japan are developing their manufacturing sectors, which could open up new markets. As a result, it is anticipated that the region's manufacturing activities will increase. As a result, there will be a big market for supercapacitor products in the region.
During the forecast period, the North American supercapacitors industry is expected to rule the global market. Throughout the forecast period, the region is anticipated to display a CAGR of 12%. The regional market's supremacy can be ascribed to the rising importance of renewable energy. During the forecast period, the United States is anticipated to contribute most significantly to the expansion of the regional market. The United States of America installed 29 gigawatts of renewable energy in the same year, an 80% increase, according to the International Renewable Energy Agency (IRENA), comprising 115 gigawatts of solar energy and roughly 14 gigawatts of wind energy.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Rising adoption of Energy Storage Systems to bolster market growth
Limited energy storage capacity to hinder market growth
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Details about each company are included in the supercapacitor market competitive landscape. Included information includes a company overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, geographical presence, corporate strengths and weaknesses, product introduction, product width and breadth, and application domination. The information above only relates to the companies' market-related focus on supercapacitors.
Top Player’s Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global supercapacitor market is experiencing significant growth, driven by the increasing demand for high-performance energy storage systems in various applications. Supercapacitors offer several advantages over traditional batteries, such as faster charging and discharging, longer lifespan, and higher power density, making them suitable for applications that require high power delivery and quick energy transfer. The high cost of supercapacitors compared to traditional batteries, limited energy storage capacity, and intense competition from traditional batteries are some of the major restraints that could limit the growth potential of the market. The lack of standardization and performance limitations at low temperatures are also some of the challenges faced by the industry. The global supercapacitor market is expected to continue its growth trajectory in the coming years, driven by the increasing demand for high-performance energy storage systems in various applications. However, the industry will need to address the challenges and restraints to ensure sustainable growth in the long term.
|Market size value in 2021||USD 398.72 billion|
|Market size value in 2030||USD 455.34 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Supercapacitor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Supercapacitor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Supercapacitor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Supercapacitor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQMIG20D2111