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
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
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 growing popularity of renewable energy sources and electric vehicles (EVs) is a big reason why supercapacitors are becoming more common. They're great because they can quickly store and release energy – key for handling the power needs of EVs and smoothing out the ups and downs of renewable energy production. Plus, we're all using more portable gadgets! The increasing use of portable electronics like smartphones and wireless earbuds also helps the market. Supercapacitors can power these small devices, or team up with batteries for faster charging and a longer lifespan. One hurdle? The high cost of materials and temperature limitations might slow things down. Still, experts predict the supercapacitor market will keep growing as we search for energy storage options that are powerful, reliable, and don't break the bank.
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Global Supercapacitors/Ultracapacitors Market Overview
Hey, have you noticed how much everyone wants Electric Vehicles (EVs) these days? Well, that's really fueling the supercapacitor market! You see, supercapacitors are used in EVs for things like start-stop systems and even helping out with energy storage alongside the battery packs. EVs are becoming super popular in the car world because they're better for the environment. But, they're still trying to catch up to regular gas-powered cars in areas like speed, how far they can go on a charge, and just overall efficiency. That makes it tough to convince more people to switch. And the batteries in these EVs? They have their own issues, like not being super efficient and adding a lot of weight to the car. Plus, batteries can't always handle the initial burst of power needed. That's where supercapacitors shine! They don't have the same problems with internal resistance, making them perfect for the job.
One big problem holding back the supercapacitor (or ultracapacitor) market is its price. That high cost keeps it out of reach for many potential uses. The materials used to coat the electrodes, like activated carbons, are a major reason for this expense. We're talking over USD 15 per kg for the good stuff needed for supercapacitors, which really adds up. This high cost also impacts how much it costs to use supercapacitors in terms of per Watt-hour. For example, research shows that non-aqueous supercapacitors can hit USD 2400/KWh, which is way more than traditional batteries or even Li-ion batteries. Materials alone account for over 70% of the total supercapacitor cost, with production making up the remaining 30%. The good news is that people are working hard to bring those costs down and make supercapacitors a more practical choice.
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-
When it comes to the Global Supercapacitors/Ultracapacitors Market, things are getting interesting! Looking at the Product segment, it's broken down into Electric Doubled-layered Capacitors, Pseudo Capacitors, and Hybrid Capacitors. Right now, Electric Double-layered Capacitors (EDLCs) are holding a pretty big piece of the pie – we're talking about a predicted 48.82% of the global market by 2021. And it's not stopping there! This segment is expected to gain a whopping USD 5,149.22 million and grow at a CAGR of 28.34% between 2024 and 2030. So, what makes Electrochemical double-layer capacitors (EDLCS) – also known as supercapacitors/ultracapacitors – so special? They store energy by grabbing onto both anions and cations, collecting the charge on the surface where the electrode and electrolyte meet. That "double layer" is just the surface area where the electrolyte and electrode accumulate charge. Think of it like thisEDLCs use two carbon-based electrodes, an electrolyte, and a separator to create that electrochemical double-layer that stocks up energy. When you apply voltage, the charge gathers on those 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%.
The automotive industry is a big player in the supercapacitor/ultracapacitor market. We're seeing more and more supercapacitors being used because they work great alongside traditional energy sources. Think of it like thisyour car might have an internal combustion engine, fuel cell, or battery as its main power source, but supercapacitors can step in when you need a quick burst of energy – like when you're starting your car. They're also becoming popular as a cost-effective way to save energy. You'll find supercapacitors popping up more and more in electric vehicles and other cars, either instead of or alongside batteries. And we're talking about all kinds of electric vehicless and . They're really versatile, showing up in everything from hybrid electric vehicles and fuel cell/hydrogen-powered vehicles to trucks and bikes. Plus, they're great for capturing energy when you brake or coast, and especially for those fuel-efficient Stop-Start systems that help save gas.
Supercapacitors/Ultracapacitors Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
When we look at the Global Supercapacitors or Ultracapacitors Market by Geography, we divide it into regions like Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific really stood out, grabbing the biggest slice of the pie with 38.65% of the market in 2021, which translates to a whopping USD 601.24 Million! And it's expected to keep booming, growing at a CAGR of 29.26% in the coming years. Meanwhile, North America came in second place in 2021, with a value of USD 489.75 Million, and it's actually predicted to grow even faster, with the highest CAGR of 32.47%! Just to give you a clearer picture, here's how we break down those main regionsAsia 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
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In July 2021, A superb new series of standard and custom supercapacitors has been introduced by AVX Corporation, a top producer and supplier of advanced electronic components and interconnect, sensor, control, and antenna solutions
In January, 2021, CAP-XX Limited announced that it had launched full-scale production and shipments of the thin prismatic Murata supercars
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.
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