The global supercapacitor market size was US$ 5.02 billion in 2021. The global supercapacitor market size is forecast to reach US$ 22.50 billion by 2030, growing at a compound annual growth rate (CAGR) of 23.9% during the forecast period from 2022 to 2030.
The supercapacitor is an electrochemical energy storage device that stores and releases energy via reversible ion adsorption and desorption at electrode-electrolyte interfaces. Supercapacitors, also known as ultracapacitors, are capacitors that hold 10 to 100 times the power of ordinary electrolytic capacitors and are used for quick charge and discharge since they have no resistance. In the electronic device taxonomy, these are classified as capacitors or batteries and used as supplements to ordinary batteries. They can also be used for short-term backup power, as supercapacitor circuits help with uninterrupted power delivery.
Factors Influencing Market Growth
Among the factors driving the global supercapacitor market include the growing need for supercapacitors in automotive applications, rising demand for renewable energy systems, and favorable government regulations.
Increased initial costs of materials and a low understanding of supercapacitors may slow down the overall market growth.
The growing demand for newer applications in solar and wind energy and rising demand for micro-supercapacitors are forecast to create lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market growth. As a result of the COVID-19 outbreak, several industrial units worldwide have halted operations. Due to the shutdown of operations, original equipment manufacturers (OEMs) in the automotive and consumer electronics industries delayed their orders for supercapacitors. This has caused a short slowdown in supercapacitor market growth in 2020.
Regional Analysis
The Asia Pacific region is forecast to have lucrative growth in the market during the forecast period. As a result of the growing defense budget of India and China and the rising demand for electric vehicles. In addition, governments in developing economies are taking several initiatives to generate attention toward adopting electric vehicles. Thus, these factors are forecast to fuel the market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global supercapacitor market are:
AVX Corporation
CAP-XX Ltd
Panasonic Corporation
KORCHIP Corporation
IOXUS Inc.
Skeleton Technologies
Evans Capacitor Company
SPEL Technologies Private Limited
LS Mtron Ltd
Nippon Chemi-Con Corporation
Other Prominent Players
Scope of the Report
The global supercapacitor market segmentation focuses on Type, Application, Vertical, Material, and Region.
Segmentation based on Type
Double-layer capacitors
Pseudocapacitors
Hybrid capacitors
Composite Hybrids
Asymmetric Hybrids
Battery-type Hybrids
Segmentation based on Application
Automotive
Industrial
Energy
Consumer Electronics
Aerospace and Defense
Segmentation based on Vertical
Consumer Electronics
Industrial
Automotive
Energy
Medical
Aerospace & Defense
Segmentation based on Material
Activated carbon
Carbide derived carbon
Carbon aerogel
Graphene
Metal Oxides
Conductive Polymers
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America