Supercapacitor Market Synopsis

Supercapacitor Market Size Was Valued at USD 5.89 Billion in 2023 and is Projected to Reach USD 39.22 Billion by 2032, Growing at a CAGR of 23.45% From 2024-2032.

A supercapacitor (SC), also called an ultra-capacitor, is a high-capacity capacitor, with a capacitance value much higher than solid-state capacitors but with lower voltage limits. It bridges the gap between electrolytic capacitors and rechargeable batteries.

• Increasing need for energy storage options propelled by the movement towards sustainable energy sources such as wind and solar power. Supercapacitors are perfect for tasks that need speedy energy release. Continuous improvements in supercapacitor technology have led to increased energy densities, extended lifespans, and cost savings, enhancing their competitiveness with conventional batteries.
• Supercapacitors are essential for the development of electric vehicles and consumer electronics, as they offer rapid energy bursts and improve overall performance. This pattern is fueling the need for supercapacitors in automotive and consumer electronics, as they can help with regenerative braking and enhance battery longevity.
• Supercapacitors are utilized in the industrial sector for power backup, load leveling, and power conditioning because of their high power density and reliability. They help decrease carbon footprints and enhance energy efficiency while complying with environmental regulations. Their rapid-release capabilities enhance energy efficiency in systems and devices that need high power outputs, which is valuable for improving overall energy efficiency in different applications.

Supercapacitor Market Trend Analysis

Integration with Renewable Energy Systems

• Renewable energy sources such as solar and wind are inherently sporadic, as they do not offer consistent energy generation and can be erratic. Supercapacitors are being more commonly utilized in these systems to save energy during high production levels and discharge it rapidly during low energy generation periods. Supercapacitors can manage regular charge and discharge cycles without much deterioration, unlike batteries, which makes them perfect for balancing out the variations in power supply from renewable sources.
• Supercapacitors are essential for promptly adjusting to changes in power supply or demand in renewable energy systems. They offer quick boosts of energy to fill in gaps during sudden shifts, aiding in grid stability and lessening reliance on backup fossil fuel systems. Incorporating supercapacitors into renewable energy systems improves grid efficiency by offering grid stabilization, absorbing and releasing surplus energy as required. This is important because connecting more renewable energy sources to the grid helps to balance it out and decrease energy wastage.
• Supercapacitors are used in hybrid energy storage systems for controlling high-power activities such as power surges, thus alleviating the burden on batteries intended for extensive storage. This collaboration increases the longevity of batteries, leading to lower expenses in renewable energy setups. Supercapacitors are incorporated into off-grid and microgrid renewable energy systems in isolated regions to ensure a consistent power source. They offer fast energy, guaranteeing dependability and decreasing the necessity for costly batteries.

Expansion in Electric and Hybrid Vehicles

• Supercapacitors are ideal for the high-power requirements of electric and hybrid vehicles because they can provide quick surges of power and manage high power densities effectively. They are perfect for regenerative braking systems in these vehicles that trap and save energy for acceleration. Supercapacitors can rapidly store and discharge energy, improving overall energy efficacy. Moreover, they enhance vehicle acceleration and responsiveness, optimizing power delivery and vehicle dynamics for a more enjoyable driving experience.
• Supercapacitors are essential in prolonging the battery life of electric and hybrid vehicles by controlling energy surges and aiding high-power functions. They also improve the effectiveness of start-stop systems by efficiently managing the increased power demands of restarting the engine. Integrating supercapacitors with battery systems allows for quick power delivery in short bursts, while batteries store energy over longer periods to enhance performance and efficiency.
• Government rules and benefits globally encourage the use of electric and hybrid vehicles, increasing the need for supercapacitors. The demand for supercapacitors as a critical element is rising due to market expansion and technological progress in the electric vehicle sector. Electric and hybrid vehicles support sustainability objectives by lowering emissions and dependence on fossil fuels, while supercapacitors improve efficiency and performance for cleaner transportation options.

Supercapacitor Market Segment Analysis:

Supercapacitor Market Segmented on the basis of Type, Electrode material, Application, End-user.

By Type, Double Layer Capacitors Segment Is Expected to Dominate the Market during the Forecast Period.

• Double-layer capacitors provide high power density, enabling rapid energy transfer and storage, making them suitable for uses such as regenerative braking in cars. EDLCs are important for quickly storing and releasing energy in systems like start-stop features, as they have rapid charge and discharge rates. These capacitors have a long lifespan compared to regular batteries, which makes them dependable for applications needing lastingness and sturdiness.
• Double-layer capacitors are used in a wide variety of applications in consumer electronics, automotive, and industrial environments. The quick charging and discharging abilities are beneficial for immediate energy transfer requirements in power backup systems and other uses. Continuous research and developments in materials and design have improved the efficiency of double-layer capacitors.
• Innovations such as the utilization of advanced electrode materials like graphene have enhanced energy and power densities, reinforcing their stronghold in the market. Even though they cost more than regular capacitors, they are frequently a better investment than batteries because of their unique attributes and extended lifespan. Double-layer capacitors are effective in transferring energy and absorbing and discharging energy with minimal loss.

By Application, Automotive Segment Held the Largest Share In 2023

• Supercapacitors are well suited for electric and hybrid vehicles as they can provide rapid bursts of power, which are essential for acceleration and regenerative braking. They effectively gather and retain power while braking, improving energy efficiency and vehicle performance. Supercapacitors play a crucial role in start-stop systems by ensuring a dependable power source for restarting the engine, effectively managing high power requirements, and enhancing fuel efficiency and emissions in vehicles.
• Supercapacitors are necessary for automobile systems that require high power, such as ADAS, infotainment, and power steering. Supporting power-hungry components, they enhance performance and efficiency with rapid power delivery. Supercapacitors can increase the lifespan of batteries and lower maintenance expenses, leading to more dependable and economical vehicles.
• Supercapacitors are essential in enabling advanced technologies such as autonomous driving and infotainment systems in vehicles by offering dependable and rapid power distribution. Car manufacturers are also relying on supercapacitors to adhere to stringent emissions laws and support electric/hybrid cars, ultimately enhancing fuel efficiency and decreasing emissions. Technological progress has decreased the price of supercapacitors, making them more affordable for use in cars and promoting their integration in various vehicle components.

Supercapacitor Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• The APAC region is experiencing fast industrialization and urbanization, particularly in nations such as China and India, increasing the demand for advanced energy storage options like supercapacitors. In the APAC region, the automotive industry is growing quickly, specifically in electric and hybrid vehicles, leading to a higher need for supercapacitors to enhance performance. Government actions in APAC nations, such as China's incentives for electric vehicles and India's push for cleaner transportation options, are increasing the need for supercapacitors.
• There has been an increase in renewable energy projects in the APAC region, especially in the solar and wind power sectors. Supercapacitors are essential for the development of energy storage and management in these projects, driving market expansion. APAC's strong technology and manufacturing sectors, particularly in China, South Korea, and Japan, have driven progress in supercapacitor technology, resulting in increased affordability. Consumer electronics' increasing need in the area is also fueling the adoption of supercapacitors, such as smartphones and tablets.
• Rising environmental consciousness in the APAC area is fueling the need for energy-efficient options such as supercapacitors. These parts are in line with sustainability objectives and are incorporated into smart city initiatives and urban infrastructure for efficient energy storage management. Having local manufacturers and suppliers in the area lowers expenses and enhances accessibility, bolstering the market expansion of supercapacitors in APAC. Growth in the APAC economy leads to increased investment in advanced technology and infrastructure, boosting the need for supercapacitors across different industries.

Supercapacitor Market Active Players

• Maxwell Technologies (USA)
• Nesscap Energy Inc (Canada)
• Skeleton Technologies (Estonia)
• Elna Co., Ltd. (Japan)
• Panasonic Corporation (Japan)
• Cypress Semiconductor (USA)
• KEMET Corporation (USA)
• Eaton Corporation (Ireland)
• Ioxus, Inc (USA)
• AVX Corporation (USA)
• CAP-XX Limited (Australia)
• Henkel AG & Co. (Germany)
• LS Mtron (South Korea)
• Yunasko (Russia)
• Beijing Huayang New Energy Co., Ltd. (China)
• Supercapacitors Inc (USA)
• PowerStor (USA)
• Mouser Electronics (USA)
• Tianjin Yaxing Electric Co., Ltd. (China)
• WIMA Capacitors (Germany)
• ELNA (Japan)
• Eaton (Ireland)
• Hunan Changde Microelectronics Co., Ltd. (China)
• Qingdao Tgood Electric Co., Ltd (China)
• Aowei Technology Co., Ltd (China), and Other Active Players.

Key Industry Developments in the Supercapacitor Market:

• In Jan 2023, Skeleton launched a fully automated supercapacitor production line. Skeleton Technologies’ objective is to make its energy storage devices more affordable. The economies of scale provided by this new technology, combined with the use of our patented Curved Graphene raw material, will dramatically drive the production costs down, boosting the competitiveness of supercapacitors as the key enabling technology for the future of electrification.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. SUPERCAPACITOR MARKET BY TYPE (2017-2032)
   1. SUPERCAPACITOR MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. DOUBLE-LAYER CAPACITORS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. PSEUDO CAPACITORS
   5. HYBRID CAPACITORS
7. SUPERCAPACITOR MARKET BY ELECTRODE MATERIAL (2017-2032)
   1. SUPERCAPACITOR MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CARBON
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. METAL OXIDE
   5. CONDUCTING POLYMERS
   6. COMPOSITES
   7. ELECTRODE MATERIALE
   8. ELECTRODE MATERIALS
8. SUPERCAPACITOR MARKET BY APPLICATION (2017-2032)
   1. SUPERCAPACITOR MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. AUTOMOTIVE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. ENERGY
   5. CONSUMER ELECTRONICS
9. SUPERCAPACITOR MARKET BY END-USER (2017-2032)
   1. SUPERCAPACITOR MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. AUTOMOTIVE & TRANSPORTATION
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. INDUSTRIAL
   5. ENERGY & POWER
   6. ELECTRONICS
   7. MILITARY & DEFENCE
   8. AEROSPACE AND AVIATION
10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Benchmarking
       2. Supercapacitor Market Share By Manufacturer (2023)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
       6. MAXWELL TECHNOLOGIES (USA)
       7. Company Overview
       8. Key Executives
       9. Company Snapshot
       10. Role of the Company in the Market
       11. Sustainability and Social Responsibility
       12. Operating Business Segments
       13. Product Portfolio
       14. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       15. Key Strategic Moves And Recent Developments
       16. SWOT Analysis
    2. NESSCAP ENERGY INC (CANADA)
    3. SKELETON TECHNOLOGIES (ESTONIA)
    4. ELNA CO., LTD. (JAPAN)
    5. PANASONIC CORPORATION (JAPAN)
    6. CYPRESS SEMICONDUCTOR (USA)
    7. KEMET CORPORATION (USA)
    8. EATON CORPORATION (IRELAND)
    9. IOXUS, INC (USA)
    10. AVX CORPORATION (USA)
    11. CAP-XX LIMITED (AUSTRALIA)
    12. HENKEL AG & CO. (GERMANY)
    13. LS MTRON (SOUTH KOREA)
    14. YUNASKO (RUSSIA)
    15. BEIJING HUAYANG NEW ENERGY CO., LTD. (CHINA)
    16. SUPERCAPACITORS INC (USA)
    17. POWERSTOR (USA)
    18. MOUSER ELECTRONICS (USA)
    19. TIANJIN YAXING ELECTRIC CO., LTD. (CHINA)
    20. WIMA CAPACITORS (GERMANY)
    21. ELNA (JAPAN)
    22. EATON (IRELAND)
    23. HUNAN CHANGDE MICROELECTRONICS CO., LTD. (CHINA)
    24. QINGDAO TGOOD ELECTRIC CO., LTD (CHINA)
    25. AOWEI TECHNOLOGY CO., LTD (CHINA)
11. GLOBAL SUPERCAPACITOR MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Electrode Material
       5. Historic And Forecasted Market Size By Application
       6. Historic And Forecasted Market Size By End-user
       7. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
12. INVESTMENT ANALYSIS
13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies
       1. 1. Thailand
          2. Vietnam
          3. The Philippines
          4. Australia
          5. New-Zealand
          6. Rest Of APAC
    3. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    4. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
14. INVESTMENT ANALYSIS
15. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies