What is the global market size of the Supercapacitor Market?

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).

Global 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

Global 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.

Global Supercapacitor Market Report Snapshots

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

Global Supercapacitor Market Insights

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