Supercapacitor Market Analysis and Global Forecast 2023-2033

Supercapacitor Market Overview

Supercapacitor Market Size is expected to reach USD 1.65 Billion by 2033. The Supercapacitor industry size accounted for USD 0.74 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 14.57% from 2023 to 2033. The supercapacitor market focuses on energy storage devices that provide high power density and rapid charge/discharge capabilities. These devices, also known as ultracapacitors, are used in various applications such as regenerative braking systems in vehicles, energy storage for renewable sources, and backup power supplies. The market is driven by the increasing demand for efficient energy storage solutions and advancements in materials and technology. Key trends include the growing adoption in electric vehicles (EVs) and consumer electronics, as well as ongoing research into enhancing their energy density and reducing costs. The market is characterized by a mix of established players and emerging innovators.

Global Supercapacitor Market Synopsis

COVID-19 Impact Analysis

The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Supercapacitor market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.

Global Supercapacitor Market Dynamics

The major factors that have impacted the growth of Supercapacitor are as follows:

Drivers:

⮚      Technological Innovations

Continuous advancements in supercapacitor technology, including improvements in materials and design, have enhanced their energy density, power density, and overall performance. Innovations such as hybrid capacitors and supercapacitor batteries are also expanding application areas and driving market growth.

Restraint:

• Technological Limitations

Although advancements are being made, there are still technological limitations regarding the energy density, thermal stability, and lifetime of supercapacitors. These limitations can affect their performance and reliability, impacting their adoption in some high-demand applications.

Opportunity:

⮚      Expansion in Electric Vehicles (EVs)

The rapid growth of the electric vehicle market represents a substantial opportunity for supercapacitors. Their use in EVs, especially for regenerative braking systems and enhancing vehicle performance, is becoming more prevalent. As EV adoption increases globally, the demand for supercapacitors in this sector is expected to rise, creating new market opportunities.

Supercapacitor Market Segment Overview

By Product Type

Based on the Product Type, the market is segmented based on Double-Layer Capacitor, Pseudocapacitors, Hybrid Capacitors. Double-Layer Capacitors dominate due to their established technology, high power density, and broad application across various sectors.

By Material

Based on Material, the market has been divided into Activated carbon, Carbide derived carbon, Carbon aerogel, Others. Activated Carbon dominates due to its cost-effectiveness and widespread use in providing high surface area and energy storage capacity.

By Application

Based on the Application, the market has been divided into Automotive, Industrial, Energy, Consumer Electronics, Aerospace and Defense, Others. Automotive applications dominate, driven by the growing use of supercapacitors in regenerative braking systems and energy storage solutions for electric vehicles.

By Module Type

Based on Module Type, the market has been divided into Less Than 10 Volts Modules, 10 Volts To 25 Volts Modules, 25 Volts To 50 Volts Modules, 50 Volts To 100 Volts Modules, Above 100 Volts Modules. 10 Volts to 25 Volts Modules typically dominate due to their balance between power and cost, making them widely used in a variety of applications including consumer electronics and automotive systems.

Global Supercapacitor Market Regional Analysis

Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Supercapacitor, followed by those in Asia-Pacific and Europe.

Supercapacitor North America Market

The North American region holds a dominant position in the Supercapacitor market. Because of the adoption of electric vehicles, the existence of sophisticated technology companies, and a strong emphasis on renewable energy sources, the North American Super Capacitor market area will dominate this industry. The market in this region is further supported by government programs promoting clean energy solutions and the expanding use of electric vehicles.

Supercapacitor Asia Pacific Market

The Asia-Pacific region is witnessing rapid growth and emerging as a significant market for the Supercapacitor industry. From 2023 to 2032, the Asia-Pacific Super Capacitor Market is anticipated to develop at the quickest rate. Its expanding manufacturing and industrial sectors make it the biggest user of supercapacitors in the region. The nation’s emphasis on renewable energy, electric vehicles, and smart grid infrastructure drives up demand for energy storage technologies.

Competitive Landscape

The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as AVX Corporation, Panasonic Corporation, Cap-XX Limited, SPEL Technologies Private Limited, and Nippon Chemi-Con Corporation are some of the leading players in the global Supercapacitor Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.

Key Market Players:

• AVX Corporation
• Panasonic Corporation
• Cap-XX Limited
• SPEL Technologies Private Limited
• Nippon Chemi-Con Corporation
• Skeleton Technologies
• Ioxus Inc.
• LS Mtron Ltd.
• Evans Capacitor Company
• KORCHIP Corporation

Key Development:

May 2022, CAP-XX Limited formed a joint venture with Iconic Industries that is developing new forms of graphene for multiple application areas, including reduced graphene oxide (rGO) for supercapacitors and other energy storage devices commercialization. For the joint venture, CAP-XX will fabricate and sell rGO-enabled supercapacitors and energy storage devices under its own brand name.

Scope of the Report

Global Supercapacitor Market, by Product Type

• Double-Layer Capacitor
• Pseudocapacitors
• Hybrid Capacitors

Global Supercapacitor Market, by Material

• Activated carbon
• Carbide derived carbon
• Carbon aerogel
• Others

Global Supercapacitor Market, by Application

• Automotive
• Industrial
• Energy
• Consumer Electronics
• Aerospace and Defense
• Others

Global Supercapacitor Market, by Module Type

• Less Than 10 Volts Modules
• 10 Volts To 25 Volts Modules
• 25 Volts To 50 Volts Modules
• 50 Volts To 100 Volts Modules
• Above 100 Volts Modules

Global Supercapacitor Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

 

Parameters	Indicators
Market Size	2033: $1.65 Billion
CAGR	14.57% CAGR (2023-2033)
Base year	2022
Forecast Period	2023-2033
Historical Data	2021
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Product Type, Material, Application, Module Type
Geographies Covered	North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors	AVX Corporation, Panasonic Corporation, Cap-XX Limited, SPEL Technologies Private Limited, Nippon Chemi-Con Corporation, Skeleton Technologies, Ioxus Inc., LS Mtron Ltd., Evans Capacitor Company, KORCHIP Corporation
Key Market Opportunities	Micro supercapacitor technology opens new ways for growth in the market
Key Market Drivers	The rising need for supercapacitors in the consumer electronics and automotive industry

 

REPORT CONTENT BRIEF:

• High-level analysis of the current and future Supercapacitor Industry trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
• Historical market size for the year 2021, and forecast from 2023 to 2033
• Supercapacitor market share analysis for each segment
• Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
• Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
• To identify and understand the various factors involved in the global Supercapacitor market affected by the pandemic
• To provide year-on-year growth from 2022 to 2033
• To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
• Provide Total Addressable Market (TAM) for the Global Supercapacitor Market.