Global Ultracapacitors Market to Reach $39 Billion by 2030
The global market for Ultracapacitors estimated at US$9.4 Billion in the year 2023, is expected to reach US$39 Billion by 2030, growing at a CAGR of 22.6% over the analysis period 2023-2030. 50-100 Volts Ultracapacitors, one of the segments analyzed in the report, is expected to record a 23.4% CAGR and reach US$12.2 Billion by the end of the analysis period. Growth in the Less Than 10 Volts Ultracapacitors segment is estimated at 18.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 21.8% CAGR
The Ultracapacitors market in the U.S. is estimated at US$3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.6 Billion by the year 2030 trailing a CAGR of 21.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.7% and 18.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 15% CAGR.
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