Supercapacitor Market

Market Overview 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. The surging consumption of electricity, rising environmental concerns, and the growing demand for electric vehicles (EVs) represent some of the key factors driving the market.

Continuous Advancements in Supercapacitor Materials Augmenting Market Growth

Recent advances in supercapacitor materials and production methods represent one of the primary factors strengthening the market growth around the world. These materials have the ability to increase the energy, which a supercapacitor is able to store and can be enhanced by rising the surface area of the metallic plates or by using a better electrolyte material.

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is moderately fragmented with the presence of large number of players. The volume of new entrants is moderate in the supercapacitor industry due to high investment cost, moderate brand loyalty, and high legal barriers in the industry.

What is Supercapacitor?

A supercapacitor, also known as an ultracapacitor or electrochemical capacitor, is a type of energy storage device that has high capacitance and can store a large amount of energy. It is made up of two electrodes separated by an electrolyte. It has a longer lifespan, can be charged and discharged more quickly, and is more environment friendly. It delivers stabilized power, handles more fluctuations and discharge cycles, and has wide-ranging operating temperatures as compared to traditionally used batteries.

COVID-19 Impact:

The COVID-19 pandemic outbreak has caused a significant impact on the supercapacitor industry and imposed unprecedented challenges on numerous countries. The industry faced multiple challenges due to disruptions in global supply chains and restrictions on movement imposed by governments to contain the spread of the virus. As a result, several manufacturers experienced delays in the delivery of critical components and had to halt or slow down production. The pandemic also had a severe impact on the demand for supercapacitors. The global economic slowdown caused by the pandemic led to a decrease in demand for many products that use supercapacitors, such as electric vehicles and consumer electronics. This, in turn, led to a reduction in the need for supercapacitors. Despite the challenges caused by the pandemic, the supercapacitor industry showed resilience and adaptability. Many manufacturers responded to the crisis by developing new products that could be used in the fight against COVID-19. Moreover, the pandemic accelerated the adoption of digital technologies and remote working, which allowed many manufacturers to continue their operations despite the restrictions on movement.

Supercapacitor Market Trends:

The surging consumption of electricity worldwide is driving the need for supercapacitors to minimize the instances of power failures. This, coupled with the increasing demand for efficient devices for supplying and transmitting electricity across various industries, represents one of the major factors catalyzing the demand for supercapacitors around the world. Moreover, due to rising environmental concerns, governing authorities of several countries are imposing stringent policies to reduce carbon emissions and boost the adoption of renewable energy, including solar and wind power. In addition, supercapacitors are employed in the automotive industry to improve vehicle performance and fuel efficiency and help provide additional power for acceleration or to power electrical systems when the battery is depleted. This, along with the growing inclination towards electric and hybrid vehicles on account of rapid urbanization and inflating income levels is influencing the market positively. Apart from this, increasing sales of consumer electronics products like smartphones, laptops, tablets, smartwatches, fitness trackers, headphones, speakers, and cameras is creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global supercapacitor market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, module type, material type and end use industry.

Product Type Insights:

• Electric Double-Layered Capacitors
• Pseudocapacitors
• Hybrid Capacitors
   

The report has provided a detailed breakup and analysis of the supercapacitor market based on the product type. This includes electric double-layered capacitors, pseudocapacitors, and hybrid capacitors. According to the report, pseudocapacitors represented the largest segment as they can store electrical energy by transferring electron charges between the electrode and the electrolyte by means of pseudocapacitance. Moreover, the growing demand for pseudocapacitors wherein both high energy and high-power density are required is influencing the market positively.

Module Type Insights:

• Less than 25V 
• 25-100V 
• More than 100V
   

A detailed breakup and analysis of the supercapacitor market based on the wall type has also been provided in the report. This includes less than 25V, 25-100V and more than 100V. According to the report, less than 25V accounted for the largest market share as these modules are available in different versions and considered suitable for applications that require pulse power and small amounts of capacitance. They have ultra-low equivalent resistance and long lifetime duty cycles that ensure minimal maintenance in deployed systems. Moreover, the increasing demand of these modules in automated meter reading applications, which require compact and high performance energy storage is influencing the market positively.

Material Type Insights:

• Carbon and Metal Oxide
• Conducting Polymer
• Composite Materials
   

A detailed breakup and analysis of the supercapacitor market based on the material type has also been provided in the report. This includes carbon and metal oxide, conducting polymer, and composite materials. According to the report, carbon and metal oxide accounted for the largest market share as it inhibits attractive performances for fabricating various supercapacitor devices in a broad voltage window. Moreover, the growing demand for carbon and metal oxide-based supercapacitors includes higher power, better cycle life, and higher reliability than batteries is influencing the market positively.

End Use Industry Insights:

• Automotive and Transportation
• Consumer Electronics
• Power and Energy
• Healthcare
• Others
   

A detailed breakup and analysis of the supercapacitor market based on the end use industry has also been provided in the report. This includes automotive and transportation, consumer electronics, power and energy, healthcare, and others. According to the report, consumer electronics accounted for the largest market share due to the increasing replacement of batteries in consumer electronics products such as smart wearables, computers, laptops, and foldable phones. Moreover, the increasing demand for supercapacitors in power bank, wherein fast-charging and high-power-density features is required is favoring the market growth.

Regional Insights:

• 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
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) was the largest market for supercapacitor. The increasing use of electric double-layered capacitors in wearable devices, LED flashlights, thermal printers, barcode scanners, and GPS chips represents one of the key factors bolstering the Asia Pacific supercapacitor market. Moreover, the rising use of supercapacitors in the military and defense sectors for manufacturing devices, such as laser weapons, railguns, heavy mobility trucks and rising investment by the numerous governing authorities of the region is propelling the market growth. Besides this, the growing sales of electric vehicles are influencing the market positively in the region.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global supercapacitor market. Some of the companies covered in the report 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.
   

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the supercapacitor market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global supercapacitor market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the supercapacitor industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.