Super capacitor Market Research Report- Forecast 2030

Super capacitor Market, By Type (Double layer capacitor, Pseudo capacitor, Hybrid capacitor), By Material (Electrodes, Activated carbon, Activated carbon fibres), By Application (Camera, Laptop), By End-User (Consumer Electronics, Automotive, Manufacturing) - Forecast 2030

ID: MRFR/SEM/1908-HCR | December 2022 | Region: Global | 100 Pages         

Super Capacitor Market

The global Super Capacitor Market to hit USD 25.31 Billion by 2030, registering a 23.90% CAGR during the forecast period (2022-2030).

Segmentation

By Type Pseudo capacitor Hybrid capacitor Double layer capacitor
By Material Graphene Activated carbon Carbon aerogel Metal oxides Carbide-derived carbon Electrodes Activated carbon fibres
By Application Solar Watch Aircraft Audio system Laptop
By End-User Aerospace & Defense Consumer electronics Healthcare Automotive Manufacturing Aerospace defence

Key Players

  • Nesscap Energy Inc. (Canada)
  • Ioxus (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)

Drivers

  • The need for super capacitors in consumer electronics armlet
  • The demand from the automotive industry
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Super Capacitor Market Size and Overview:


Globally, the size of supercapacitor market is set to grow at a CAGR of 23.90%, estimated to reach USD 25.31 Billion by 2030 driven by the need for supercapacitors in consumer electronics armlet.


Supercapacitors are replacing traditional electric car batteries with quick charging and temperature stability. Additionally, supercapacitors are more flexible than standard batteries. The high demand for a stable power supply for applications like GPS, portable media players, laptops and mobile devices is an emerging trend in the market. The supercapacitors also help sustain peak loads and backup power, which are significant for a continuous operation. This includes battery-powered industrial applications such as smart meters, smoke detectors, video doorbells, and medical applications; to support this, various vendors are launching new products.


However, research is underway to develop affordable and innovative solutions built on existing supercapacitor technology, offering a more affordable and ecological alternative to present the models and emphasizing the need to reduce the production cost of the carbon-based electrodes and the dependency on crucial components. In recent years, the communication systems in telecom and space have propelled the demand for supercapacitors. Supercapacitors are effectively being used to improve the efficiency of hybrid electric vehicles in several ways. The global supercapacitors market is moderately competitive and consists of numerous leading market players.


Covid analysis 


The outbreak of covid 19 has caused several damages to global markets. The suspension of industries and their manufacturing process is causing a severe downfall in the market. The super capacitor market is also facing a decline in demand during the pandemic. The supply chain disruptions and low demand from end-users are affecting the overall profitability. However, these damages are going to be temporary as per the Super capacitor Market Forecast. Post covid 19, the super capacitor market growth trends show a positive growth rate. The demand from end-users such as consumer electronics, harvesting industry and hybrid vehicles will grow more. 


Market dynamics 



  • The crucial market drivers 


The super capacitor is an exceptional technology that has a wide range of applications. The requirement for super capacitors in the hybrid vehicle industry is high. The hybrid vehicles are the crucial market drivers of super capacitors market. Further, these super capacitors enable energy efficiency, more power and high speed in vehicles. Also, the durability of the super capacitors makes them suitable for automotive applications. The demand from the automotive industry is a crucial demand driving factor in the market. Furthermore, several governments are focusing on the renewable energy concept. Renewable energy is clean energy that reduces harmful emissions. The awareness about renewable energy is high these days. The governmental initiatives to promote renewable energy technologies are a driving factor for the super capacitor market. The government is taking measures to reduce the gasoline rate by promoting these eco-friendly technologies. Moreover, the consumer electronics product requires super capacitors as low power equipment. The media players, laptop, computer, smartphones, and other electronics are some of the products that require a super capacitor. The need for super capacitors in consumer electronics armlet is another significant market-driver. 



  • The market growth opportunities 


The need for micro super capacitor is rising in the upcoming years. The miniature version of the super capacitor is more effective and useful in automotive industry. It is also highly essential in consumer electronics. The micro super capacitor technology opens new ways for market growth. With this innovation, the market will witness high demand for micro super capacitor from various verticals. The miniaturized capacitor comes with more power density, fast charging and efficiency. Also, the launch of a micro super capacitor provides plenty of growth opportunities for the market. The governmental initiatives for renewable energy are rising in the future. The government is taking measures to promote energy-efficient devices such as super-capacitor at a wide level. Rising micro super capacitor and governmental initiatives have a positive effect on market growth. 



  • The market restraints 


The super-capacitor is an expensive product. The initial cost of the super capacitor restricts end users from purchasing it more. Small and medium-sized enterprises find it difficult to adapt to super capacitor technology due to its high price. The end-users of the market expect product efficiency as well as cost-effectiveness. However, the cost is the major restraint in this market. The high cost of the product can also decline the super capacitor market demand in the future years. The cost of the super capacitor is causing several allocation disruptions in the global market. 



  • The market challenges 


The super capacitor is complex technology. There is a serious need for more R&D in this market. Also, there are plenty of applications of a super capacitor. Especially the hybrid capacitors are the trending innovations of this market. The time required to function these super capacitors in various products is more. The time-consuming process of super capacitor acts as a major restraint to the market. Also, the super capacitor is a rapidly growing market. There are innovations every year. However, the adoption rate of the hybrid capacitor is less. The complexity of technology restricts the market from fast adoption. Also, there are not many vehicles or technologies that are compatible with hybrid capacitors. The technical difficulties and slow adoption rate are the significant challenges of this market. 



  • The cumulative growth analysis


The super capacitor market will witness a gradual growth in the forecast period. Also, the crucial demand driving factors of the market will intensify the growth. Product efficiency and emission-reducing features will increase product awareness.  However, the overall growth of the market depends on more R&D and effective innovations. Further, the governmental support for renewable energy devices provides ample market development opportunities. The high initial cost remains the most significant challenge of the market. The high price restraints market expansion and recognition. However, amidst these factors, Super capacitor Market Analysis shows that it will experience steady growth till 2030. 



  • The value chain analysis 


The Asia Pacific holds the largest Super capacitor Market Share. Also, Asia Pacific is the fastest growing super capacitor market. The key market drivers in this region are rising industrialization and increasing infrastructural developments. China, India and South Korea are the key contributors to this market. Asia is known for its flourishing agricultural sector. These agricultural sectors have a high demand for smart irrigation technology. The crucial component of the smart irrigation system is the super capacitor. The high demand for Smart irrigation applications is raising the demand for the super capacitor in Asia pacific. Asia pacific will be responsible for half of the global super capacitor market growth.  



Market segment 


By Type 



  • Pseudo capacitor 

  • Hybrid capacitor

  • Double layer capacitor 


By Material 



  • Graphene

  • Activated carbon

  • Carbon aerogel

  • Metal oxides

  • Carbide-derived carbon

  • Electrodes

  • Activated carbon fibres


By Application 



  • Solar Watch

  • Aircraft

  • Audio system

  • Laptop


By End-user 



  • Aerospace & Defense

  • Consumer electronics 

  • Healthcare 

  • Automotive 

  • Manufacturing 

  • Aerospace defence 


Regional Analysis 


North America, Europe and the Asia Pacific are the three major regional players in the super capacitor market. The Asia Pacific will dominate the global super capacitor industry in the forecast period. The countries that have well-established companies in the super capacitor market are China, India, South Korea, Japan and Australia. The demand for the energy storage system, advanced technology and hybrid transportation is the major-market driving factors in all three regions. America is the second-largest super-capacitor market. The revenue and profitability in this region are high. The growth rate in this region will intensify during the forecast year 2030. Large enterprises have a demand for super-capacitor in Europe. The automotive industry is the major demand for droving factors for the super-capacitor market in Europe. 


Competitive analysis 


The entry of new market players is causing exceptional competition in the super-capacitor market. Every year the market is witnessing innovations due to the key players. Also, new cost-cutting measures are taken to make the super capacitors more feasible. All these factors provide super-capacitor market size expansion possibilities in 2030. 


Key players of the super capacitor market are 



  • Nesscap Energy Inc. (Canada)

  • Ioxus (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)


Recent developments 


After successfully advancing intelligent grid deployment and mobilizing the investments of the USD 300 million through the National Smart Grid Mission, the Indian government announced in 2021 a Revamped Distribution Sectors Scheme with a cost of over USD 40 billion and the gross budgetary support of over USD 10 billion. Such investments are expected to bring new opportunities to the super capacitors' market sectors all around the world.


November 2021


Xtel Wireless, the independent development business and leader in IOT product development, chose the ultra-thin CAP-XX DMF470 supercop for its intelligent batteries, according to CAP-XX Limited.


Report Overview 



  • Market overview highlights 

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Development 



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 25.31 Billion
  CAGR   23.90% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Material, Application and End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Nesscap Energy Inc. (Canada), Ioxus (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   The micro super capacitor technology opens new ways for market growth
  Key Market Drivers

  • The need for super capacitors in consumer electronics armlet
  • The demand from the automotive industry


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    Frequently Asked Questions (FAQ) :

    The global market of the super capacitor is expected to thrive at 23.90% CAGR and value at USD 25.31 Billion by 2030.

    Vina Technology (South Korea), Graphenex (UK), Murata Manufacturing Co., Ltd. (Japan), and Nesscap Energy Inc. (Canada) are some major mentions in the super capacitor market.

    Pseudo capacitor, double layer capacitor, and hybrid capacitor are different types of super capacitors. Hybrid capacitors are expected to gain considerable traction.

    Activated carbon, electrodes, metal oxides, carbon aerogel, activated carbon fibres, carbide-derived carbon, and graphene are materials of choice for super capacitor fabrication. Graphene due to its ability to store high amount of charge is expected to gain substantial traction.

    Audio system, camera, solar watch, aircraft, and laptop are areas of application of super capacitors.

    The super capacitor market will witness growth and USD 25.31 Billion in revenue in the forecast year 2030.

    The requirement of a super capacitor is more in the consumer electronics, automotive and healthcare sectors?