Supercapacitors Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Supercapacitors Market
The global supercapacitors market size was valued at USD 2.05 billion in 2023, and the market is now projected to grow from USD 2.38 billion in 2024 to USD 9.57 billion by 2032, exhibiting a CAGR of 19.0% during the forecast period of 2024-2032.
Supercapacitors, also called ultracapacitors or double-layer capacitors, are devices used for storing a particularly massive amount of electrical charge.
Supercapacitors adapt to rapid charging and discharging cycles, making them ideal for applications such as regenerative braking and quick acceleration. Automakers are increasingly exploring hybrid systems that integrate both batteries and supercapacitors to improve performance and extend the lifespan of energy storage systems. With the anticipated exponential growth in EV adoption, the demand for these ultrarcapacitors is expected to rise steadily, becoming a significant market trend.
The increasing need for renewable energy solutions is further propelling the supercapacitors market growth. These capacitors, which have superior power density compared to batteries and enhanced energy density over traditional capacitors, are widely utilized in various energy storage systems. They provide high capacitance and electrical stability, effectively supporting microgrids, particularly in solar and wind power applications.
Comprehensive Analysis of Supercapacitors Market
The market is segmented into three main categories including type, material, and application. By type, it includes double layer capacitors, pseudocapacitors, and hybrid capacitors, with double layer capacitors holding the largest global supercapacitors market share in 2023 due to their ability to handle higher current loads for rapid energy delivery.
In terms of material, the market comprises carbon & metal oxide, conducting polymers, and composite materials, with carbon & metal oxide leading the market owing to their high surface area from activated carbon and graphene, which enhances higher capacitance and energy storage capacity. The application segment covers automotive, consumer electronics, energy, industrial, healthcare, and others, with the automotive sector dominating in 2023. Supercapacitors are particularly beneficial in this sector for their rapid charging and discharging capabilities, long cycle life, and the ability to improve battery performance.
North America is experiencing a significant CAGR in the supercapacitor market. This growth is primarily driven by increased investment in research and development from academic institutions and startups dedicated to enhancing supercapacitor technology. In the U.S., the adoption of supercapacitors is gaining momentum with technological advancements, a rising demand for energy-efficient solutions, and an increased focus on renewable energy systems and electric vehicles.
The key players in the market include Cap-XX Limited (Australia), Maxwell Technologies (South Korea), Cornell-Dubilier (U.S.), Ioxus (U.S.), Skeleton Technologies Inc. (Estonia), AVX Corporation (U.S.), Tecate Group (U.S.), VINATech Co. Ltd. (Korea), Nippon Chemi-Con Corp. (Japan), TDK Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Eaton (Ireland), Yunasko (France), FastCAP Ultracapacitors Corporation (U.S.), Panasonic Corporation (Japan), and Nanoramic Laboratories (U.S.).
In July 2023, E-lyte Innovations entered into a strategic research and development partnership with Nanoramic Laboratories. This collaboration delivers a solution to potential upcoming restrictions in the battery industry with its PFAS-free Neocarbonix electrode technology.
Segmentation Table
Global Supercapacitors Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 19.0% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type, Material, Application, and Region
By Type
Double Layer Capacitors
Pseudocapacitors
Hybrid Capacitors
By Material
Carbon & metal oxide
Conducting Polymers
Composite Materials
By Application
Automotive
Consumer Electronics
Energy
Industrial
Healthcare
Others (Aerospace & Defense, etc.)
By Region
North America (By Type, Material, Application, and Country)
U.S.
Canada
Mexico
South America (By Type, Material, Application, and Country)
Brazil
Argentina
Rest of South America
Europe (By Type, Material, Application, and Country)
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe
Middle East & Africa (By Type, Material, Application, and Country)
Turkey
Israel
GCC
South Africa
North Africa
Rest of the Middle East & Africa
Asia Pacific (By Type, Material, Application, and Country)
China
India
Japan
South Korea
ASEAN
Oceania
Rest of Asia Pacific
Key Companies Profiled in the Report CAP-XX Limited (Australia), Nippon Chemi-Con Corp. (Japan), Panasonic Corporation (Japan), Maxwell Technologies (South Korea), Eaton (Ireland), Cornell-Dubilier (U.S.), Ioxus (U.S.), Skelton Technologies Inc. (Estonia), AVX Corporation (U.S.), and Tecate Group (U.S.)
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of Generative AI
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Supercapacitors Key Players (Top 3 – 5) Market Share/Ranking, 2023
- 5. Global Supercapacitors Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Type (USD)
- 5.2.1. Double Layer Capacitors
- 5.2.2. Pseudocapacitors
- 5.2.3. Hybrid Capacitors
- 5.3. By Material (USD)
- 5.3.1. Carbon & metal oxide
- 5.3.2. Conducting Polymers
- 5.3.3. Composite Materials
- 5.4. By Applications (USD)
- 5.4.1. Automotive
- 5.4.2. Consumer Electronics
- 5.4.3. Energy
- 5.4.4. Industrial
- 5.4.5. Healthcare
- 5.4.6. Others (Aerospace & Defense, etc.)
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America Supercapacitors Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Type (USD)
- 6.2.1. Double Layer Capacitors
- 6.2.2. Pseudocapacitors
- 6.2.3. Hybrid Capacitors
- 6.3. By Material (USD)
- 6.3.1. Carbon & metal oxide
- 6.3.2. Conducting Polymers
- 6.3.3. Composite Materials
- 6.4. By Applications (USD)
- 6.4.1. Automotive
- 6.4.2. Consumer Electronics
- 6.4.3. Energy
- 6.4.4. Industrial
- 6.4.5. Healthcare
- 6.4.6. Others (Aerospace & Defense, etc.)
- 6.5. By Country (USD)
- 6.5.1. United States
- 6.5.2. Canada
- 6.5.3. Mexico
- 7. South America Supercapacitors Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Type (USD)
- 7.2.1. Double Layer Capacitors
- 7.2.2. Pseudocapacitors
- 7.2.3. Hybrid Capacitors
- 7.3. By Material (USD)
- 7.3.1. Carbon & metal oxide
- 7.3.2. Conducting Polymers
- 7.3.3. Composite Materials
- 7.4. By Applications (USD)
- 7.4.1. Automotive
- 7.4.2. Consumer Electronics
- 7.4.3. Energy
- 7.4.4. Industrial
- 7.4.5. Healthcare
- 7.4.6. Others (Aerospace & Defense, etc.)
- 7.5. By Country (USD)
- 7.5.1. Brazil
- 7.5.2. Argentina
- 7.5.3. Rest of South America
- 8. Europe Supercapacitors Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Type (USD)
- 8.2.1. Double Layer Capacitors
- 8.2.2. Pseudocapacitors
- 8.2.3. Hybrid Capacitors
- 8.3. By Material (USD)
- 8.3.1. Carbon & metal oxide
- 8.3.2. Conducting Polymers
- 8.3.3. Composite Materials
- 8.4. By Applications (USD)
- 8.4.1. Automotive
- 8.4.2. Consumer Electronics
- 8.4.3. Energy
- 8.4.4. Industrial
- 8.4.5. Healthcare
- 8.4.6. Others (Aerospace & Defense, etc.)
- 8.5. By Country (USD)
- 8.5.1. United Kingdom
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Benelux
- 8.5.8. Nordics
- 8.5.9. Rest of Europe
- 9. Middle East & Africa Supercapacitors Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Type (USD)
- 9.2.1. Double Layer Capacitors
- 9.2.2. Pseudocapacitors
- 9.2.3. Hybrid Capacitors
- 9.3. By Material (USD)
- 9.3.1. Carbon & metal oxide
- 9.3.2. Conducting Polymers
- 9.3.3. Composite Materials
- 9.4. By Applications (USD)
- 9.4.1. Automotive
- 9.4.2. Consumer Electronics
- 9.4.3. Energy
- 9.4.4. Industrial
- 9.4.5. Healthcare
- 9.4.6. Others (Aerospace & Defense, etc.)
- 9.5. By Country (USD)
- 9.5.1. Turkey
- 9.5.2. Israel
- 9.5.3. GCC
- 9.5.4. North Africa
- 9.5.5. South Africa
- 9.5.6. Rest of MEA
- 10. Asia Pacific Supercapacitors Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Type (USD)
- 10.2.1. Double Layer Capacitors
- 10.2.2. Pseudocapacitors
- 10.2.3. Hybrid Capacitors
- 10.3. By Material (USD)
- 10.3.1. Carbon & metal oxide
- 10.3.2. Conducting Polymers
- 10.3.3. Composite Materials
- 10.4. By Applications (USD)
- 10.4.1. Automotive
- 10.4.2. Consumer Electronics
- 10.4.3. Energy
- 10.4.4. Industrial
- 10.4.5. Healthcare
- 10.4.6. Others (Aerospace & Defense, etc.)
- 10.5. By Country (USD)
- 10.5.1. China
- 10.5.2. India
- 10.5.3. Japan
- 10.5.4. South Korea
- 10.5.5. ASEAN
- 10.5.6. Oceania
- 10.5.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. CAP-XX
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Nippon Chemi-Con Corp.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Panasonic Corporation
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Maxwell Technologies
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Eaton
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Cornell-Dubilier
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Ioxus
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Skelton Technologies, Inc.
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. AVX Corporation
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Tecate Group
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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