Global Supercapacitor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Supercapacitor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Supercapacitor market finds that the global Supercapacitor market reached a value of USD 1164.77 million in 2022. It’s expected that the market will achieve USD 2297.04 million by 2028, exhibiting a CAGR of 11.98% during the forecast period.

The demand for supercapacitors in automobiles and transportation industry is driving market growth.

Due to environmental concerns, the increase in the production of supercapacitor-based vehicles is driving the market. With fast charging and temperature stability, supercapacitors are replacing traditional electric car batteries. The use of regenerative braking systems in hybrid electric vehicles (HEVs) continues to increase, the demand for supercapacitors in energy harvesting applications continues to grow, and the use of supercapacitors in trains and aircraft.
Climate change and greenhouse gases have proven to be global threats affecting crop cycles, weather systems, and entire ecosystems. With environmental friendliness as the top priority, users of energy storage equipment are increasingly aware of the awareness of reducing emissions. Large technology companies are working to reduce greenhouse gas emissions, suggesting that the market for alternative energy technologies is growing. Among all energy storage devices, supercapacitors have the least damage to the environment. All materials used in electrochemical double-layer capacitors are made of some form of readily biodegradable carbon.

The high cost of supercapacitors limits the growth of the market.

The higher costs associated with the product limit the growth of the market. The comparison between supercapacitors and conventional batteries begins with the price. Although the two technologies are not completely comparable, end-users expect the price of supercapacitors to be comparable to the price of lead-acid batteries in order to be considered an economically viable technology. Due to the high-power density that leads to the niche application of this technology, supercapacitors cannot achieve the economies of scale that are necessary to significantly reduce prices. The lack of understanding of the use of supercapacitors and the lower prices of alternatives such as conventional batteries have limited market growth.

Region Overview:

United States dominated the Supercapacitor market in 2022, with a market share of 36.15%.

Company Overview:

Maxwell is one of the major players operating in the Supercapacitor market, holding a share of 12.33% in 2023.

Maxwell

Maxwell Technologies is a San Diego company founded in 1965 to focus on the development and manufacture of energy storage and power delivery solutions. Their energy storage and power delivery solutions improve performance and efficiency in a variety of industries including transportation, automotive, telecommunications, renewable energy and consumer electronics, and industrial electronics.

Panasonic

Panasonic is a global leader in the development of a wide range of electronic technologies and solutions for customers in consumer electronics, housing, automotive and B2B businesses.

Segmentation Overview:

Among different product types, Double Layer Supercapacitor segment is anticipated to contribute the largest market share in 2028.

Double Layer Supercapacitor

Electrochemical double layer capacitors are energy storage elements with high energy density compared to conventional capacitors and high-power density compared to batteries.

Pseudocapacitor

A device that stores electrical energy faradaically by electron charge transfer between electrode and electrolyte by means of pseudocapacitance.

Hybrid Capacitor

Hybrid capacitors combine technologies to get the best of both worlds.

Application Overview:

By application, the Industrial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Supercapacitor market covered in Chapter 3:

CAP-XX
VINATech
Panasonic
Jinzhou Kaimei Power
ELNA
Skeleton Technologies
Seiko Instruments
Maxwell
Eaton
Man Yue Technology
Tokin
Ioxus
LS Mtron
Nippon Chemi-Con

In Chapter 4 and Chapter 14.2, on the basis of types, the Supercapacitor market from 2018 to 2029 is primarily split into:

Double Layer Supercapacitor
Pseudocapacitor
Hybrid Capacitor

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Supercapacitor market from 2018 to 2029 covers:

Automotive and Transportation
Industrial
Energy
Consumer Electronics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)