Supercapacitor Market Size, Share, Forecast 2030

Global Supercapacitor Market Overview     

The global Supercapacitor market size accounted for USD 1625.67 Million in 2020 and is expected to reach USD 3507.6 Million by 2028, growing at a CAGR of 9.5% from 2021 to 2028.

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The growth of the supercapacitor market is attaining speed due to elevated requirements for capacitors in several industries like automotive, consumer electronics, industrial, and energy sectors. Increasing carbon emission and the rising cost of fuel are pushing the expansion of the supercapacitor market. Moreover, a revolution to scale back the usage of fossil fuels and save energy bolsters the expansion of the supercapacitor market.

Also, the increasing requirement of supercapacitors for electronic products to the stabilized power supply in computers, laptops, hand-held devices, GPS, and portable media players are a number of the explanations fostering the event of worldwide supercapacitor market. On the opposite hand, factors like intense competition with the renowned vendors for top capacity batteries and the high cost of fabric are hampering the event of the supercapacitor market.

A supercapacitor is also known as ultracapacitor or double-layer capacitor differs from a regular capacitor due to its very high capacitance. A capacitor stores energy by means of a static charge as opposed to an electrochemical reaction. Applying a voltage differential on the positive and negative plates charges the capacitor.

The growth of the supercapacitor market is primarily driven by ongoing green revolution to save energy and reduce the usage of fossil fuels. Another factor which is fueling the demand of supercapacitor market is increasing costs of fossil fuels and the hazardous impact of rising carbon emissions which are forcing several consumer electronics and automobile makers to choose for alternative power supplies. The supportive stance of governments across the globe to bring down CO2 emissions by encouraging sustainable energy consumption is also propelling the supercapacitor market. However, high initial cost of material is restraining the growth of supercapacitor market. Nonetheless, rising demand of supercapacitor in developing countries for the automotive sector will be anticipated to create growth opportunities over the forecast period.

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COVID-19 Impact Analysis:

Undoubtedly, the COVID-19 pandemic has harmed the market size for the years 2020 and 2021, with small and medium-scale companies struggling to sustain their businesses in the near-term future. A significant number of manufacturers of hybrid capacitors are facing a lack of raw materials, as well as financial support to manufacture hybrid capacitors owing to the outbreak of COVID-19. This has further resulted in the closing down of producing facilities owing to lockdowns that have disrupted the supply chains, and further challenges in the availability of labor have impacted the expansion of the global Supercapacitor market.  

Growth Factors  

The development of the market is driven by their increasing demand in energy harvesting applications and the increasing use of supercapacitors in aircraft and trains. Also, the increasing global demand for electric vehicles is likely to boost the growth of the market.  Additionally, advanced functions offered by supercapacitors such as the ability to offer backup power to low-power gadgets such as SRAM, RAM, PC Cards, and micro-controllers during power shutdown are elevating the growth of the supercapacitor market. In addition, new product launch by market players is one more reason behind the development of supercapacitor market. For instance, in June 2017, Panasonic Corporation launched its newly developed Energy Polymer Capacitor that reached energy densities.

Supercapacitor Market Report Scope:

Segment Analysis Preview

Supercapacitor market classification is conducted based on product, type, vertical, region, and application.

Based on the type, the supercapacitor market is divided into supercapacitor cell, supercapacitor module, and board mounted supercapacitors.  

Based on product, the supercapacitor market is bifurcated into pseudocapacitor, double layer supercapacitor, and a hybrid capacitor. The hybrid capacitors segment is projected to grow at the highest CAGR during the forecast period. Hybrid capacitors are used in various consumer electronics such as laptops, wearable devices, LED flashlights, mobile phones, thermal printers, barcode scanners, and GPS chips.

By type the supercapacitor market is classified into supercapacitor module, supercapacitor cell and board mounted supercapacitor.

On the basis of product, the market is segmented into double layer supercapacitor, pseudocapacitor, and a hybrid capacitor. Among these products, double layer supercapacitor is leading segment in this market and expected to sustain its position over the forecast period.  It is electrostatic storage of the electrical energy achieved by separation of charge in a Helmholtz double layer at the interface between the surface of a conductor electrode and an electrolytic solution electrolyte. A pseudocapacitor is part of an electrochemical capacitor and forms together with an electric double-layer capacitor to create a supercapacitor. A hybrid capacitor is the combination of two electrodes, one that stores charge electrostatically and the other storing charge faradaically. Applications of supercapacitor are automotive, transportation, industrial energy, consumer electronics and others. Due to the growing implementation of automobiles that uses electrical systems to become more energy efficient capacitors are used which is fueling the growth of supercapacitor market in the automotive sector.

By application, the supercapacitor market is bifurcated into automotive, transportation, industrial, energy, consumer electronics and other application. The automotive sector is dominating the supercapacitor market due to reduce carbon emission. As a result, several emerging applications for supercapacitor in the automotive ecosystem are driving the growth of this market such as regenerative braking systems, start-stop systems, voltage stabilization systems, active suspension systems, electric turbochargers and other higher power functions within the automotive.

Railways and hybrid buses play a significant role in the supercapacitor market. Further, dynamic brake energy storage and power recuperation and are among the key applications of supercapacitors in the automotive industry.

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Region Analysis Preview

Asia Pacific is the highest developing area for supercapacitor market due to robust growth in the industrial & automotive segments. One more factor that is fostering the growth of supercapacitor market is the attendance of leading companies in Asia Pacific area. North America is also likely to record possible development growth in supercapacitor market owing to rising application of supercapacitor in user electronic industry.

Key participants in supercapacitor market are Cap-XX Limited, Panasonic Corporation, Nesscap Energy Inc., Murata Manufacturing Co., Ltd., Maxwell Technologies, Inc., AVX Corporation, Nippon Chemi-Con Corporation, Mouser Electronics, Inc., and Evans Capacitor Company, Skeleton Technologies and Elna Co. Ltd among others.

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Key Market Players & Competitive Landscape

The key players in the supercapacitor market include 

• AVX Corporation
• Cap-XX Limited
• Panasonic Corporation
• Murata Manufacturing Co., Ltd.
• Nesscap Energy, Inc.
• Maxwell Technologies,Inc.
• Nippon Chemi-Con Corporation
• Mouser Electronics, Inc.
• and Evans Capacitor Company
• Skeleton Technologies and Elna Co. Ltd

The Global Supercapacitor market is segmented as follows:    

By Type

• Supercapacitor Module
• Supercapacitor Cell
• Board Mounted Supercapacitor

By Product

• Double Layer Supercapacitor
• Pseudo capacitor
• Hybrid Capacitor

By Application

• Automotive and Transportation
• Industrial
• Energy
• Consumer Electronics
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa