Global Supercapacitor Market

Supercapacitor Market Size, Share, Growth Analysis, By Application(Automotive, Energy), By Type(Double Layered Capacitors, Pseudo Capacitors) - Industry Forecast 2024-2031


Report ID: SQMIG20D2132 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 66 | Figures: 77

Supercapacitor Market Insights

Global Supercapacitor Market size was valued at USD 455.34 Billion in 2022 and is poised to grow from USD 520 Billion in 2023 to USD 1504.29 Billion by 2031, growing at a CAGR of 14.20% in the forecast period (2024-2031).

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.

US Supercapacitor Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 455.34 Billion

Largest Segment

Double Layered Capacitors

Fastest Growth

Double Layered Capacitors

Growth Rate

14.20% CAGR

Global Supercapacitor Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Supercapacitor Market By Type ($ Bn)
Global Supercapacitor Market By Type (%)

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Supercapacitor Market Segmental Analysis

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.

Supercapacitor Market 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.

Supercapacitor Market 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.

Global Supercapacitor Market By Type, 2023 (%)

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Supercapacitor Market Regional Insights

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.

Global Supercapacitor Market By Region, 2024-2031
  • Largest
  • Fastest

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Supercapacitor Market Dynamics

Supercapacitor Market Drivers

Rising adoption of Energy Storage Systems to bolster market growth

  • Supercapacitors are being used in energy storage systems, such as microgrids and energy storage banks, to provide quick and reliable backup power. The growing need for energy-efficient solutions is expected to drive the demand for supercapacitors.
  • Graphene-based supercapacitors are being developed and commercialized, offering higher energy density and better performance than traditional supercapacitors.

Supercapacitor Market Restraints

Limited energy storage capacity to hinder market growth

  • Supercapacitors have a lower energy storage capacity than batteries, which may limit their use in applications that require long-term energy storage. While supercapacitors can deliver high power quickly, they cannot store as much energy as batteries, making them less suitable for applications that require long-term energy storage.

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Supercapacitor Market Competitive Landscape

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.

Supercapacitor Market Top Player’s Company Profiles

  • Nesscap Energy Inc. (Canada)
  • Skeleton Technologies (Estonia)
  • Yunasko (Ukraine)
  • AVX Corporation (USA)
  • ELNA Co. Ltd. (Japan)
  • CAP-XX Limited (Australia)
  • Evans Capacitor Company (USA)
  • Ioxus Inc. (USA)
  • LS Mtron Ltd. (South Korea)
  • Murata Manufacturing Co. Ltd. (Japan)
  • Supreme Power Solutions Co. Ltd. (China)
  • Tesla Inc. (USA)
  • WIMA Group (Germany)
  • XG Sciences (USA)
  • Jianghai Capacitor Co. Ltd. (China)
  • Nesscap Co. Ltd. (South Korea)
  • Paper Battery Company Inc. (USA)
  • TDK Corporation (Japan)
  • VINATech Co. Ltd. (South Korea)

Supercapacitor Market Recent Developments

  • In September 2022, in its facility in Hyderabad, Godi India, the first business to receive BIS certification for the sale of lithium-ion cells made with domestically developed technology, is now producing 3000F (farads) high-power supercapacitors.
  • In August 2022, for reducing current surge batteries, Kyocera AXA unveiled a line of pouch-style supercapacitors. These capacitors can be used independently as system power backup devices, sometimes taking the place of batteries, or they can be used in conjunction with primary or secondary batteries.
  • In July 2022, A completely automated, digital manufacturing facility to make supercapacitors in Germany was developed, planned, and implemented by Skeleton Technologies and Siemens as a technical partnership. The partnership intends to scale up the manufacture of next-generation supercapacitors by digitizing Skeleton's whole value chain, from supercapacitor cell design to production and services.
  • In May 2022, the formation of a joint venture between CAP-XX Limited and Iconic Industries. This company is responsible for commercializing reduced graphene oxide (rGO) for supercapacitors and other energy storage devices. CAP-XX will use rGO to create and sell supercapacitors and energy storage products on behalf of the joint venture while using the CAP-XX brand.

Supercapacitor Key Market Trends

  • Flexible supercapacitors are being developed that can be integrated into wearable devices and other flexible electronics, driving the growth of the market.

Supercapacitor Market SkyQuest Analysis

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.

Report Metric Details
Market size value in 2023 USD 455.34 Billion
Market size value in 2031 USD 1504.29 Billion
Growth Rate 14.20%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Application
    • Automotive, Energy, Consumer Electronics, Industrial, Aerospace, Medical
  • Type
    • Double Layered Capacitors, Pseudo Capacitors, Hybrid Capacitors
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)
Companies covered
  • Nesscap Energy Inc. (Canada)
  • Skeleton Technologies (Estonia)
  • Yunasko (Ukraine)
  • AVX Corporation (USA)
  • ELNA Co. Ltd. (Japan)
  • CAP-XX Limited (Australia)
  • Evans Capacitor Company (USA)
  • Ioxus Inc. (USA)
  • LS Mtron Ltd. (South Korea)
  • Murata Manufacturing Co. Ltd. (Japan)
  • Supreme Power Solutions Co. Ltd. (China)
  • Tesla Inc. (USA)
  • WIMA Group (Germany)
  • XG Sciences (USA)
  • Jianghai Capacitor Co. Ltd. (China)
  • Nesscap Co. Ltd. (South Korea)
  • Paper Battery Company Inc. (USA)
  • TDK Corporation (Japan)
  • VINATech Co. Ltd. (South Korea)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Supercapacitor Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Supercapacitor Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the 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 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.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Supercapacitor Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the 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.

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FAQs

Supercapacitor Market size was valued at USD 455.34 Billion in 2022 and is poised to grow from USD 520 Billion in 2023 to USD 1504.29 Billion by 2031, growing at a CAGR of 14.20% in the forecast period (2024-2031).

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. 'Maxwell Technologies Inc. (USA)', 'Panasonic Corporation (Japan)', 'Nesscap Energy Inc. (Canada)', 'Nippon Chemi-Con Corporation (Japan)', 'Skeleton Technologies (Estonia)', 'Yunasko (Ukraine)', 'AVX Corporation (USA)', 'ELNA Co. Ltd. (Japan)', 'CAP-XX Limited (Australia)', 'Evans Capacitor Company (USA)', 'Ioxus Inc. (USA)', 'LS Mtron Ltd. (South Korea)', 'Murata Manufacturing Co. Ltd. (Japan)', 'Supreme Power Solutions Co. Ltd. (China)', 'Tesla Inc. (USA)', 'WIMA Group (Germany)', 'XG Sciences (USA)', 'Jianghai Capacitor Co. Ltd. (China)', 'Nesscap Co. Ltd. (South Korea)', 'Paper Battery Company Inc. (USA)', 'TDK Corporation (Japan)', 'VINATech Co. Ltd. (South Korea)'

Supercapacitors are being used in energy storage systems, such as microgrids and energy storage banks, to provide quick and reliable backup power. The growing need for energy-efficient solutions is expected to drive the demand for supercapacitors.

Flexible supercapacitors are being developed that can be integrated into wearable devices and other flexible electronics, driving the growth of the market.

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.

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Global Supercapacitor Market

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