Super Capacitor Market Size was valued at USD 5.33 Billion in 2023. The Super Capacitor market industry is projected to grow from USD 6.6 Billion in 2024 to USD 36.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 23.90% during the forecast period (2024 - 2032). The rise in demand for a stable power supply for applications such as GPS, laptops, etc., and increased usage of supercapacitors in the hybrid vehicles industry are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The rising adoption of electric vehicles drives Market CAGR for supercapacitors. Supercapacitors offer unique advantages in high power density and fast charge/discharge capabilities. These properties make them particularly suitable for applications in electric and hybrid vehicles. Supercapacitors can provide the necessary burst of power during acceleration, enabling faster vehicle performance and improved energy efficiency. They can efficiently store and release energy during regenerative braking, capturing and storing the excess energy generated during deceleration for later use. This feature enhances the vehicle's overall energy efficiency and reduces the strain on the battery, thereby extending its life. They can operate effectively in extreme temperatures, offering better performance and reliability than batteries. The ability of supercapacitors to deliver high power output even in cold weather conditions is a significant advantage, as it ensures reliable starting and operation of electric vehicles in diverse climates.
The rising focus on renewable energy sources such as solar and wind increases the need for efficient energy storage solutions to address the intermittent nature of these sources. Supercapacitors offer a promising alternative to batteries for short-term energy storage applications. Supercapacitors provide high power density and fast charge/discharge capabilities, making them ideal for peak shaving, load leveling, and regenerative braking applications. They can efficiently handle rapid charge and discharge cycles, crucial for capturing and releasing energy in short bursts. Additionally, supercapacitors have a longer cycle life compared to batteries, reducing the need for frequent replacements and maintenance. The rising adoption of electric and hybrid electric vehicles further drives the demand for energy storage systems.
Another notable trend in the global supercapacitor market is the continuous technological advancements. Researchers and manufacturers are investing in research and development to enhance the performance and capabilities of supercapacitors, aiming to address their limitations and explore new applications. One key area of focus is increasing the energy density of supercapacitors. Traditional supercapacitors have lower energy density than batteries, limiting their use in long-term energy storage applications. However, the advancements in materials, electrode design, and electrolyte formulation have led to new supercapacitor variants with higher energy densities. These high-energy supercapacitors, also known as hybrid capacitors, combine the best features of supercapacitors and batteries, balancing energy and power density. Enhancing the longevity of supercapacitors will reduce replacement costs and increase their economic viability in various applications.
The increasing demand for energy storage systems, driven by renewable energy integration and electric vehicle adoption, presents significant opportunities for supercapacitors. Advancements in supercapacitor technology, focusing on improving energy density and durability, are further enhancing their performance and expanding their potential applications. The growing adoption of supercapacitors in electric vehicles is revolutionizing the automotive sector by providing high-power assistance and improving energy efficiency, driving the Super Capacitor market revenue.
The Super Capacitor Market segmentation, based on type, includes double-layer capacitors, pseudo capacitors, and hybrid capacitors. The double-layer capacitors segment dominated the market. They are based on the principle of electrostatic double-layer capacitance, which occurs at the interface between the electrode and the electrolyte. DLCs have a high energy storage capacity, long cycle life, and rapid charge/discharge capabilities. They are commonly used in various applications that require high power density and quick energy bursts, such as renewable energy systems, automotive electronics, and consumer electronics.
The Super Capacitor Market segmentation, based on material, includes electrodes, activated carbon, and activated carbon fibers. The activated carbon category generated the most income. It is known for its high surface area, which provides many active sites for electrochemical reactions. They are commonly used in various applications requiring high energy density and lifecycle, such as electric vehicles, renewable energy systems, and consumer electronics.
The Super Capacitor Market segmentation, based on application, includes cameras and laptops. The cameras category generated the most income. Supercapacitors have gained attention in this application due to their ability to deliver high bursts of power and quick recharging capabilities. In cameras, supercapacitors often provide energy for the flash, autofocus mechanisms, and other power-hungry components. They can quickly charge and discharge, ensuring the camera is ready to capture the perfect shot without significant delays.
The Super Capacitor Market segmentation, based on end-user, includes consumer electronics, automotive, and manufacturing. The automotive segment dominated the market. There is a rising need for energy storage solutions that can efficiently handle regenerative braking, start-stop systems, and power delivery for various automotive applications. Supercapacitors excel in these areas due to their high power density, fast charging, and excellent temperature performance. They can capture and store energy during braking and release it quickly during acceleration, improving fuel efficiency and reducing emissions.
Figure 1: Super Capacitor Market by End-User, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Super Capacitor market area will dominate this market due to the presence of advanced technology industries, electric vehicle adoption, and a strong focus on renewable energy sources. In addition, the growing deployment of electric vehicles and government initiatives supporting clean energy solutions further boost the market in this region.
Further, the significant countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Super Capacitor Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe Super Capacitor market accounts for the second-largest market share due to the rising adoption of electric vehicles, stringent environmental regulations, and the integration of renewable energy sources. The automotive sector, in particular, is driving the demand for supercapacitors, as they provide efficient energy storage and regenerative braking capabilities. Further, the German Super Capacitor market held the largest market share, and the UK Super Capacitor market was the rapid-growing market in the European region.
The Asia-Pacific Super Capacitor Market is expected to grow fastest from 2023 to 2032. Due to its growing industrial and manufacturing sector, it is the region's largest supercapacitors consumer. The country's focus on electric vehicles, renewable energy, and smart grid infrastructure fuels the demand for energy storage solutions. Moreover, China’s Super Capacitor market held the largest market share, and the Indian Super Capacitor market was the rapid-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Super Capacitor market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Super Capacitor industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is a critical business tactic manufacturers use in the global Super Capacitor industry to benefit clients and increase the market sector. The Super Capacitor industry has offered some of the most significant medical advantages in recent years. Major players in the Super Capacitor market, including Nesscap Energy Inc. (Canada), locus (US), Vina Technology (South Korea), Maxwell Technologies, Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Panasonic Corporation (Japan), Graphene (UK), Angstron Materials (US), LS Ultracapacitor (South Korea), and others, are attempting to raise market demand by investing in research and development operations.
Skeleton Technologies, founded in 2009, located in Germany, is a European energy storage developer and manufacturer of transportation, grid, automotive and industrial applications. It produces supercapacitors to improve fuel efficiency in the automotive industry. In July 2022, Skeleton Technologies and Siemens announced entering a technology partner to develop, plan, and implement a fully automated, digitalized manufacturing plant to produce supercapacitors in Germany. The collaboration aims to digitize Skeleton's entire value chain, from supercapacitor cell design to production and services, and scale up the next-generation supercapacitors production.
Cornell Dubilier, founded in 1909, and located in the United States, is a condenser company. Its products include aluminum electrolytic capacitors, aluminum polymer capacitors, film and paper-film capacitors, mica capacitors, and supercapacitors. In December 2021, Cornell Dubilier announced that its subsidiary, CD Snow Hill, LLC, has acquired the capacitor-producing assets of NWL, Inc. possessing more outstanding capabilities in custom high-voltage film capacitors for pulsed power and power conversion applications, the company is poised to spread its solutions for industrial, military, and medical customers.
Nesscap Energy Inc. (Canada)
loxus (US)
Vina Technology (South Korea)
Maxwell Technologies, Inc. (US)
Murata Manufacturing Co., Ltd. (Japan)
Panasonic Corporation (Japan)
Graphene (UK)
Angstron Materials (U.S.)
LS Ultracapacitor (South Korea)
September 2022: Godi India announced the development of supercapacitors to improve battery life in EVs. The company is the first to manufacture 3000F (farads) high-power supercapacitors at its Hyderabad facility.
Double Layer Capacitor
Pseudo Capacitor
Hybrid Capacitor
Electrode
Activated Carbon
Activated Carbon Fibers
Camera
Laptop
Consumer Electronics
Automotive
Manufacturing
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 5.33 Billion |
| Market Size 2024 | USD 6.6 Billion |
| Market Size 2032 | USD 36.7 Billion |
| Compound Annual Growth Rate (CAGR) | 23.90% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Material, Application, End-User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Nesscap Energy Inc. (Canada), locus (US), Vina Technology (South Korea), Maxwell Technologies, Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Panasonic Corporation (Japan), Graphene (UK), Angstron Materials (US), LS Ultracapacitor (South Korea). |
| Key Market Opportunities | Micro supercapacitor technology opens new ways for growth in the market. |
| Key Market Dynamics | The rising need for supercapacitors in the consumer electronics and automotive industry. |
Super capacitor Market Highlights:
Frequently Asked Questions (FAQ) :
The Super Capacitor Market size is predicted to reach USD 36.7 Billion in 2032.
The global market is projected to grow at a CAGR of 23.90% during the forecast period, 2024-2032.
North America had the largest share of the global market.
The key players in the market are Nesscap Energy Inc. (Canada), locus (US), Vina Technology (South Korea), Maxwell Technologies, Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Panasonic Corporation (Japan), Graphene (UK), Angstron Materials (US), LS Ultracapacitor (South Korea).
The double-layer capacitor category dominated the market in 2023.
Activated Carbon had the largest share in the global market.
The camera had the largest share of the global market.
The automotive category dominated the market in 2023.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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