Super Capacitors Market Analysis By Application (Automotive, Energy Storage, Consumer Electronics, Industrial, Others), By Type (Double Layer Capacitors, Pseudocapacitors, Hybrid Capacitors), and By Region Forecast to 2032

Report Overview

The Super Capacitors Market size is estimated to grow at a CAGR of 6.78% between 2022 and 2032. The market size is forecast to increase by USD 5,432.89 million. The growth of the market depends on several factors, including the rise in demand for energy storage solutions, increasing adoption of renewable energy sources, and growing demand for electric vehicles. A supercapacitor, also known as an ultracapacitor or electrochemical capacitor, is an energy storage device that stores and releases energy using electrostatic principles. It consists of two electrodes separated by an electrolyte and a separator. When a voltage is applied, ions in the electrolyte accumulate on the surface of the electrodes, creating a double layer of charge. This double layer stores energy, allowing the supercapacitor to deliver high power and store energy for short durations.

Super Capacitors Market Overview

Drivers

One of the key factors driving the supercapacitors market growth is the increasing demand for energy storage solutions. Supercapacitors offer several advantages over traditional batteries, including high power density, fast charging and discharging capabilities, and long cycle life. These characteristics make them ideal for applications that require quick bursts of power, such as regenerative braking in electric vehicles, peak shaving in renewable energy systems, and power backup in industrial equipment. The growing need for energy storage solutions in various industries is expected to drive the demand for supercapacitors during the forecast period.

Moreover, the increasing adoption of renewable energy sources is also driving the market growth. Renewable energy systems, such as solar and wind power, are intermittent in nature and require energy storage solutions to store excess energy generated during peak production periods. Supercapacitors can efficiently store and release this energy, providing a reliable and sustainable solution for energy storage. As the demand for renewable energy continues to rise, the demand for supercapacitors is expected to grow significantly.

Trends

A key trend shaping the supercapacitors market growth is the integration of supercapacitors with batteries. Supercapacitors and batteries have complementary characteristics - batteries provide high energy density but low power density, while supercapacitors provide high power density but low energy density. By combining the two technologies, it is possible to create hybrid energy storage systems that offer both high power and high energy density. This integration allows for improved performance and efficiency in applications such as electric vehicles, renewable energy systems, and consumer electronics.

Additionally, the growing demand for electric vehicles is driving the adoption of supercapacitors. Electric vehicles require energy storage solutions that can deliver high power for acceleration and regenerative braking. Supercapacitors can provide the necessary power quickly, improving the performance and efficiency of electric vehicles. As the demand for electric vehicles continues to rise, the demand for supercapacitors is expected to increase.

One of the key challenges hindering the supercapacitors market growth is the high cost of production. Supercapacitors are currently more expensive to manufacture compared to traditional batteries. The high cost is primarily due to the use of expensive materials, such as activated carbon and conductive polymers, in the electrodes. Additionally, the manufacturing process for supercapacitors is more complex and requires specialized equipment. These factors contribute to the higher cost of supercapacitors, limiting their adoption in certain applications.

Furthermore, the limited energy density of supercapacitors is also a restraint for their widespread adoption. Supercapacitors have lower energy density compared to batteries, which means they can store less energy per unit volume or weight. This limitation makes them less suitable for applications that require long-duration energy storage, such as grid-scale energy storage or electric vehicles with long driving ranges. Although research is ongoing to improve the energy density of supercapacitors, it remains a challenge to achieve energy densities comparable to batteries.

Super Capacitors Market Segmentation By Application

The electric vehicles segment is estimated to witness significant growth during the forecast period. Supercapacitors play a crucial role in electric vehicles by providing high power for acceleration and regenerative braking. They can quickly store and release energy, improving the performance and efficiency of electric vehicles. Supercapacitors are often used in combination with batteries in electric vehicles to create hybrid energy storage systems that offer both high power and high energy density. This combination allows for better utilization of the energy stored in the batteries and extends the battery life. As the demand for electric vehicles continues to rise, the demand for supercapacitors in this segment is expected to grow.

The renewable energy systems segment is another significant application of supercapacitors. Renewable energy systems, such as solar and wind power, generate electricity intermittently and require energy storage solutions to store excess energy for later use. Supercapacitors can efficiently store and release this energy, providing a reliable and sustainable solution for energy storage in renewable energy systems. They can also help smooth out fluctuations in power output, improving the stability and reliability of the energy system. As the adoption of renewable energy sources increases, the demand for supercapacitors in this segment is expected to grow.

Super Capacitors Market Segmentation By Type

The electric double-layer capacitors (EDLCs) segment is estimated to witness significant growth during the forecast period. EDLCs, also known as electrochemical double-layer capacitors, are the most common type of supercapacitors. They store energy by the separation of charge at the interface between the electrode and the electrolyte. EDLCs offer high power density, fast charging and discharging capabilities, and long cycle life. These characteristics make them suitable for applications that require quick bursts of power, such as regenerative braking in electric vehicles and peak shaving in renewable energy systems. As the demand for energy storage solutions increases, the demand for EDLCs is expected to grow.

Regional Overview:

APAC is estimated to contribute 50% to the growth of the global market during the forecast period. The main factor contributing to the growth of the supercapacitors market in APAC is the increasing adoption of electric vehicles and renewable energy systems in countries like China, Japan, and South Korea. These countries have implemented favorable policies and incentives to promote the adoption of electric vehicles and renewable energy sources, driving the demand for supercapacitors. Additionally, APAC is home to several prominent market players, such as Panasonic Corporation, Nippon Chemi-Con Corporation, and Maxwell Technologies Inc., who are actively involved in the development and production of supercapacitors. The presence of these players and the growing demand for energy storage solutions in the region are expected to drive market growth.

In 2020, during the COVID-19 pandemic, the growth of the global supercapacitors market witnessed a temporary slowdown due to disruptions in the supply chain and manufacturing operations. However, as the global economy recovers and industries resume their operations, the demand for supercapacitors is expected to rebound. The increasing focus on clean energy and sustainable solutions is expected to drive the market during the forecast period.

Super Capacitors Market Customer Landscape

The supercapacitors market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Who are the Major Super Capacitors Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Some of the major companies operating in the supercapacitors market include:

• Maxwell Technologies Inc.
• Panasonic Corporation
• Nippon Chemi-Con Corporation
• Murata Manufacturing Co., Ltd.
• NEC Tokin Corporation
• AVX Corporation
• Eaton Corporation
• KEMET Corporation
• Skeleton Technologies
• Yunasko

The research report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies based on their focus and diversification, while quantitative analysis is used to assess their market dominance.

Segment Overview

The super capacitors market report forecasts market growth by revenue at global, regional, and country levels, providing an analysis of the latest trends and growth opportunities from 2019 to 2032.

• Application Outlook (USD Million, 2019 - 2032)
• Automotive
• Energy Storage
• Consumer Electronics
• Industrial
• Others
• Type Outlook (USD Million, 2019 - 2032)
• Double Layer Capacitors
• Pseudocapacitors
• Hybrid Capacitors
• Geography Outlook (USD Million, 2019 - 2032)
• North America
• The U.S.
• Canada
• Europe
• K.
• Germany
• France
• Rest of Europe
• APAC
• China
• India
• South America
• Chile
• Argentina
• Brazil
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa