Growing electrification and energy storage and rising consumer electronics are expected to drive growth of the market.
Supercapacitors, also known as ultracapacitors or electrochemical capacitors, are energy storage devices that can charge and discharge quickly, making them ideal for use in applications that require high power delivery. They have high power density, long cycle life, and are capable of operating at extreme temperatures, making them a popular choice in a variety of industries. Supercapacitors, also known as ultra-capacitors or electrochemical capacitors, are energy storage devices that use high surface area electrode materials and thin electrolytic dielectrics to achieve capacitances significantly higher than conventional capacitors. Unlike conventional capacitors, which store energy by moving charge carriers and electrons from one metal plate to the other, supercapacitors store energy by charge separation, creating a potential between the two plates that can be harnessed in an external circuit. Supercapacitors have attracted considerable research interest worldwide due to their potential applications in various fields. They offer significantly higher specific powers and longer cycle lifetimes compared to most rechargeable batteries, such as lead-acid, nickel-metal hydride, and Li-ion batteries. Supercapacitors have particularly gained attention due to the increasing demand for energy storage devices for electric vehicles, portable electronic devices, and power sources for memory backup. Additionally, supercapacitors have been widely used as electrical equivalents of flywheels in machines as energy reservoirs that smooth out power supplies to electrical and electronic equipment. They can also be connected to batteries to regulate the power they supply.
Renewable energy sources are subject to fluctuations due to weather and time of day, which makes them intermittent. Supercapacitors can efficiently store excess energy generated by renewable sources and release it when needed, smoothing out the power output. They are also a reliable and cost-effective backup power solution in case of power outages or grid failures. Supercapacitor usage in renewable energy plants and hybrid electric vehicles is increasing as the technology becomes more dependable and affordable. HEVs use them in combination with batteries to provide bursts of high power for acceleration and regenerative braking. The use of supercapacitors has been rising steadily in renewable energy generation plants, as their reliability and affordability improve. Additionally, in hybrid electric vehicles (HEVs), supercapacitors work together with batteries to provide high-power bursts for acceleration and regenerative braking. The supercapacitor market is also being driven by the need for energy-efficient and eco-friendly technologies in industries such as aerospace, automotive, and consumer electronics. Supercapacitors have shown promise as an alternative to conventional battery technology, with their higher power density and faster charging times being crucial for various applications. The supercapacitor market is expected to continue growing due to the increasing demand for renewable energy solutions and the rising adoption of supercapacitors in various industries.
With the rising demand for electric vehicles (EVs), the need for energy-efficient and reliable energy storage systems is also increasing. Supercapacitors have a high power density, fast charging and discharging capability, and long cycle life, which make them suitable for use in EVs. The supercapacitor market is expected to grow as the adoption of EVs continues to rise. The use of renewable energy sources such as solar and wind power is also increasing. Supercapacitors can be used to store energy generated from these sources, providing a reliable and efficient way to store and discharge energy. This presents a significant opportunity for the supercapacitor market, as the demand for renewable energy storage continues to grow. Supercapacitors can be used in a variety of consumer electronic devices, such as smartphones, tablets, and laptops. They offer fast charging and discharging capabilities, which can help to improve the performance of these devices. With the growing demand for energy-efficient and high-performance consumer electronics, the supercapacitor market is expected to see significant growth. Supercapacitors can be used in various industrial applications, such as transportation, aerospace, and defense. They offer a high-power density and a long cycle life, making them suitable for use in these applications. As these industries continue to grow and evolve, the demand for supercapacitors is also expected to increase.
The high production cost of supercapacitors compared to batteries has impeded their widespread adoption in large-scale applications where cost plays a critical role. Additionally, their lower energy density, limited operating voltage, sensitivity to temperature fluctuations, and limited lifespan pose challenges for their use in certain applications where space, weight, and temperature changes are critical factors. Although supercapacitors can be charged and discharged more times than batteries, their overall lifespan is still shorter.
Supercapacitors face several challenges that hinder their widespread adoption in various applications. These include their higher cost compared to traditional batteries, lower energy density, sensitivity to temperature changes, limited voltage range, and competition from batteries. Moreover, the lack of standardization in the supercapacitor industry makes it challenging for manufacturers to cater to their customers' needs effectively. Although supercapacitors have advantages over batteries in terms of power density and cycle life, their limitations need to be addressed to increase their utilization.
The report provides an in-depth analysis of the Supercapacitors market, market size, and compound annual growth rate (CAGR) for the forecast period of 2023-2029, considering 2022 as the base year. A rise in demand for Supercapacitors in various applications is anticipated to stimulate the growth of the market and due to this factor, the market is expected to witness growth at a specific CAGR from 2023-2029.
The Supercapacitors market comprises different market segments like Component, Module Type, Material, Application, and geography
By Component, Supercapacitor Market Includes key segments like
According to projections, the largest portion of the supercapacitor market in future will be held by the double-layer capacitor segment, which offers an alternative to traditional batteries. These capacitors are highly effective for applications where a consistent source of energy is required for a short duration of time, and are being increasingly utilized in consumer electronics like smart wearables, laptops, computers, and foldable phones, replacing conventional batteries. Furthermore, since they are an environmentally friendly energy source, numerous battery manufacturers are concentrating on broadening their range of products by adding double-layer capacitors to their offerings.
By Modular type, Supercapacitor Market Includes key segments like
The largest revenue share in the market was held by pseudocapacitors, and it is anticipated that this trend will continue throughout the forecast period. The market is categorized based on the module type, including less than 10 volts modules, 10 volts to 25 volts modules, 25 volts to 50 volts modules, 50 volts to 100 volts modules, and above 100 volts modules. Among these, the 10 volts to 25 volts modules segment had the highest market, whereas the above 100 volts modules segment is projected to experience the most significant growth from 2023 to 2029. The market is further divided into various materials, such as activated carbon, carbide-derived carbon, carbon aerogel, and others. The applications of the market are classified into automotive, industrial, energy, consumer electronics, and aerospace & defense.
By Material, Supercapacitor Market Includes main material like
The dominant segment in the market is carbon-based supercapacitors, which accounted for the largest share in 2022. Carbon-based supercapacitors have several advantages over other types, such as a higher power density and longer cycle life. They are widely used in various applications, including consumer electronics, automotive, and renewable energy. However, metal oxide-based and conducting polymer-based supercapacitors are also expected to experience significant growth in the coming years, driven by increasing demand for energy-efficient and high-power density devices in various industries.
By Application, Supercapacitor Market finds major applications in
The supercapacitor market is anticipated to have a dominant presence in consumer electronics, including smartphones, wearables, and laptops, as the demand for high-performance devices with extended battery life increases. In industrial automation, supercapacitors are widely used in applications like sensors, automated guided vehicles, and robotics, leading to significant growth. The power and energy sector is expected to experience substantial growth, with supercapacitors being used in energy storage for renewable energy systems, grid stabilization applications, and electric vehicles, in response to the increasing demand for clean energy solutions. Supercapacitors are utilized in the transport industry to provide quick bursts of power and recover energy during braking in electric vehicles and hybrid electric vehicles, contributing to the segment's expected significant growth. Supercapacitors are used in implantable medical devices such as pacemakers in the medical sector, where they provide a long-term, dependable power source. Therefore, the demand for implantable medical devices is projected to drive growth in this sector.
The Supercapacitor Market is studies for following region
The Asia Pacific region currently holds the leading position in the global supercapacitor market, and is projected to maintain its dominance in the foreseeable future. The growth of this region can be attributed to the rising demand for electric vehicles and renewable energy sources, along with the increasing use of supercapacitors in several applications, such as transportation, energy storage, and consumer electronics. In addition, North America and Europe are also anticipated to observe substantial growth during the forecast period due to the surging adoption of supercapacitors in various applications, such as regenerative braking systems in electric vehicles and grid stabilization in renewable energy systems. The Asia Pacific region is predicted to remain dominant in the global supercapacitor market owing to the escalating demand for electric vehicles and renewable energy sources. Nevertheless, other regions, including North America and Europe, are expected to witness remarkable growth as the employment of supercapacitors in diverse industries continues to expand.
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors on the Supercapacitor Market. In addition, a complete analysis of changes on the Supercapacitor Market expenditure, and economic and international policies on the supply and demand side is provided in this exclusive report. The report also studies the impact of the pandemic on Global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 pandemic has had a significant impact on the global economy, including the supercapacitor market. The pandemic has caused disruptions in supply chains, reduced demand from end-users, and forced many companies to shut down or reduce their operations. However, the supercapacitor market has shown resilience during the pandemic due to its wide range of applications in various industries, including automotive, electronics, and renewable energy. The demand for supercapacitors has increased in the healthcare industry due to their use in medical devices such as ventilators, defibrillators, and pacemakers. On the other hand, the automotive industry, which is a major end-user of supercapacitors, has been severely impacted by the pandemic. The decline in car sales and production has affected the demand for supercapacitors used in hybrid and electric vehicles.
The competitive landscape analysis of the Supercapacitor Market is majorly focused on expanding the global Supercapacitor industry with new product innovation, business expansion, and the increasing presence of a range of manufacturers operating in the aluminum wire rod sector has led to the growing demand for the market. Besides, the market offers a range of products in different applications to fulfill the required consumer demand, further contributing to healthy growth in the market.
The key players studied in market are
August 2022: Kyocera AXA released a series of pouch-shaped supercapacitors designed to reduce current surges in batteries. These capacitors can function as standalone power backup devices, potentially replacing batteries in some cases, or be utilized alongside primary or secondary batteries.
May 2022: CAP-XX Limited announced a partnership with Iconic Industries, a company developing new forms of graphene for diverse markets. The collaboration will focus on commercializing reduced graphene oxide (rGO) for supercapacitors and other energy storage devices. CAP-XX will manufacture and sell energy storage devices utilizing rGO under their brand, on behalf of the joint venture.
the double-layered capacitor segment is projected to have the largest market share because of its widespread use in various industries like energy storage, transportation, and consumer electronics. The less than 10 volts modules segment is expected to dominate the market share for module types due to the rising demand for small and portable devices that require low voltage modules. The carbon-based segment is expected to hold the largest market share for materials because of its easy availability, high electrical conductivity, and low cost. The power and energy segment is projected to lead the market share for applications due to the growing demand for energy storage solutions in electric vehicles and renewable energy systems. The Asia-Pacific region is expected to have the largest market share due to the increasing adoption of supercapacitors in industries such as industrial automation, transportation, and consumer electronics.
Sizing for Year:||2019-2029|
Players and its Competitors:|
Eaton Corporation PLC
Maxwell Technologies Inc. (Tesla Inc.)
Skeleton Technologies Inc.
Supreme Power Solutions
LS Mtron Ltd
Shanghai Aowei Technology Development Co. Ltd
Zoxcell Ltd Hk
Nippon Chemi-Con Corporation
CORNELL DUBILIER ELECTRONICS, INC.,
What are the drivers for the Natural Soy Lecithin market?
Growing electrification and energy storage and rising consumer electronics are expected to drive growth of the market.
Which is the leading application segment for the Natural Soy Lecithin market?
Consumer electronics segment is anticipated to dominate the market during the forecast period.
Which region is gaining the majority of market share during the forecast period (2023-2029)?
Asia Pacific is expected to gain a major market share during the forecast period (2023-2029).