Global Supercapacitors/Ultracapacitors Market Size By Product (Electric Double-layered Capacitors (EDLCs), Pseudo Capacitors, & Hybrid Capacitors), By Application (Automotive, Energy, Consumer Electronics, & Industrial), By Geographic Scope And Forecast

Supercapacitors/Ultracapacitors Market Size And Forecast

Supercapacitors or Ultracapacitors Market size was valued at USD 1,555.79 Million in 2024 and is projected to reach USD 15,735.57 Million by 2031, growing at a CAGR of 30.45% from 2024 to 2031.

The growth of the supercapacitor market is driven by their increasing demand in energy harvesting applications and the rising use of supercapacitors in trains and aircraft. Moreover, the increasing global demand for is likely to fuel the growth of the market. The Global Supercapacitors/Ultracapacitors Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Supercapacitors/Ultracapacitors Market Definition

Electric double-layer capacitors (EDLCs), commonly referred to as supercapacitors or ultracapacitors, are energy storage technologies that have a rapid and effective energy storage and energy release process. Although they resemble traditional capacitors, their capacitance is substantially higher, allowing them to store far more energy per unit of volume. Supercapacitors store energy electrostatic interactions instead of chemically like batteries can, which enables them to charge and discharge far more quickly than batteries. This qualifies them for uses such electric vehicles, renewable energy systems, and , which need high power and quick discharge times.

The rising use of sources and is one of the major factors influencing this rise. Due to their ability to store and release energy quickly, which is essential for meeting the high power requirements of EVs and minimising swings in renewable energy generation, supercapacitors are well suited for these applications. Furthermore, the rising need for portable electronics and consumer electronics is another element boosting the supercapacitor market. Small devices like and earbuds can be powered by supercapacitors, and they can also be used in combination with batteries to provide faster charging and longer lifespan. However, high cost of it and temperature limitation associated with supercapacitors/ultracapacitors may hamper the market growth. Overall, it is anticipated that the supercapacitor market would expand over the next years due to the rising demand for energy storage solutions that are effective, dependable, and affordable.

Global Supercapacitors/Ultracapacitors Market Overview

The increasing global demand for Electric Vehicles (EVs) is a chief driver for the growth of the supercapacitors market. Supercapacitors are utilized in electric vehicles for start-stop purposes and also aid in energy storage in conjunction with battery packs. In recent years, electric vehicles have been gaining traction in the automotive industry owing to its use of non-renewable energy and environmental sustainability. However, these vehicles are always facing challenges of matching the traditional fuel-based vehicle in terms of speed, mileage, weight, overall efficiency among others, thereby limiting its adoption to a larger customer base. Battery based EVs are facing challenges such as battery efficiency. Effect of the weight of battery packs on the overall weight of vehicles, among others. cannot fulfil the overall and increasing energy requirement of EVs. Their high internal resistance limits their initial peak current, whereas such factors are absent in supercapacitors making them an ideal product.

The growth of the supercapacitors/ultracapacitors market is hindered by its high cost, thereby limiting its use in a number of possible applications. The materials such as activated carbons that are utilized in the covering of electrodes contribute greatly to the high cost of the overall supercapacitors. Supercapacitor’s grade activated carbons are estimated to cost over USD 15 per kgs, indicating the high cost of the resulting product. The high cost of supercapacitors also affects its adoption cost in terms of per Watt-hour. As per research, non-aqueous based supercapacitors can cost up to USD 2400/KWh, which is much higher than the conventional and lit ion batteries. The material cost is estimated to occupy over 70 % of the total supercapacitors cost, while the remaining 30% of the production. However, several efforts are underway to minimize the cost and make supercapacitors more adoptable.

Global Supercapacitors/Ultracapacitors MarketSegmentation Analysis

The Global Supercapacitors/Ultracapacitors Market is segmented on the basis of Product, Application, and Geography.

Supercapacitors/Ultracapacitors Market, By Product

• Electric Double-layered Capacitors (EDLCs)
• Pseudo Capacitors
• Hybrid Capacitors

To Get a Summarized Market Report By Product-

The Global Supercapacitors/Ultracapacitors Market is experiencing a scaled level of attractiveness in the Product segment market is segmented into, Electric Doubled-layered Capacitors, Pseudo Capacitors, and Hybrid Capacitors. Electric Double-layered Capacitors (EDLCs) segment holds a significant share of the global market. It is anticipated to account for a significant market share of 48.82% by 2021. The segment is projected to gain an incremental market value of USD 5,149.22 million and grow at a CAGR of 28.34% between 2024 to 2030.Electrochemical double-layer capacitors (EDLCS) are also generally classified as supercapacitors/ultracapacitors. EDLCs store their energy by adsorption of both anions and cations and collecting the energy/charge on the surface or interface of electrode/electrolyte. The double layer refers to the surface area of the electrolyte and electrode accumulating charge. EDLCs are created using two carbon-based electrodes, an electrolyte, and a separator. It employs the electrochemical double-layer of charge to stock energy. When voltage is supplied, charge collects on the electrode surfaces.

Supercapacitors/Ultracapacitors Market, By Application

• Automotive
• Energy
• Consumer Electronics
• Industrial
• Others

To Get a Summarized Market Report By Application-

By Application, the Global Supercapacitors or Ultracapacitors Market is classified as Automotive, Consumer Electronics, Energy, Industrial, and Others. Out of which, Automotive accounted for the largest market share of 31.54% in 2021, with a market value of USD 490.68 Million, and is projected to grow at a CAGR of 30.71% during the forecast period. Consumer Electronics was the second-largest market in 2021, valued at USD 435.76 Million in 2021; it is projected to grow at the highest CAGR of 33.03%.

Automotive has a significant share in the application segment of the supercapacitors/ultracapacitors market. The demand for supercapacitors is growing because of their use as complementary energy sources to primary energy sources. These resources are an internal combustion engine, fuel cell, or a battery that does not repeatedly provide quick bursts of high power, that is, cranking during the starting of automotive vehicles. Its demand is increasing as cost-effective energy-saving solutions in these vehicles. Currently, supercapacitors find increasing application in electric vehicles and other automobiles in place of or in combination with batteries. Here, electric vehicles include types such as s and . Supercapacitors are primarily utilized in various automotive applications. Like drive-train support in hybrid electric, electric vehicles, fuel cell/hydrogen-powered vehicles, , trucks, bikes, etc. Along with renewing energy capture during braking/coasting and mainly cranking for fuel-efficient Stop-Start systems.

Supercapacitors/Ultracapacitors Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

By Geography, the Global Supercapacitors or Ultracapacitors Market is classified as Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa. Out of which, Asia Pacific accounted for the largest market share of 38.65% in 2021, with a market value of USD 601.24 Million, and is projected to grow at a CAGR of 29.26% during the forecast period. North America was the second-largest market in 2021, valued at USD 489.75 Million in 2021; it is projected to grow at the highest CAGR of 32.47%. These parent regions are further segmented as follows; Asia Pacific (China, India, Japan, Rest of APAC), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), North America (US, Canada, Mexico), Latin America (Brazil, Argentina, Rest of LATAM), and Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA).

Key Players

The major players in the market are CAP-XX Limited, Eaton, Skeleton Technologies, Cornell-Dubilier Electronics Inc., LOXUS, Nawa Technologies, Nanoramic Laboratories, LS Metron Corchip Corporation, AVX Corporation, Tecate Goup, VINATECH Group Ltd., Nantong Jianghai Capacitor Co. Ltd. SECH/GMCC, UCAP Power Inc (Maxwell Technologies), and Others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Product benchmarking and SWOT analysis.

Key Developments

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the segment that is majorly leading in the Global Supercapacitors or Ultracapacitors Market. We cover the major impacting factors that are responsible for driving the industry growth in the given geography.