Super capacitors, also called ultra-capacitors, electric double-layer capacitors, and pseudocapacitors with no conventional electricity but have plates filled with two layers of an identical substance. These capacitors with the combination of batteries help to create a long-lasting and less expensive electric battery. The super capacitor market is very competitive due to the presence of several large vendors. Widespread adoption of product usage is boosting the growth of the super capacitor market. Their smooth charge and discharge cycle used for on and off operation are extensively used to favor super capacitor market growth. The rise in its utilization in utility factor used for ramping, bridging, and regulation at, regional, and country-level.
These capacitors being ultra-powerful and highly efficient has a positive cathode that activates carbon material. The super capacitor market is expected to reach approximately USD 2.6 billion by the end of 2023 with 21% CAGR during forecast period 2017-2023.
COVID 19 ANALYSIS
The pandemic of COVID has caused several damages to the market globally. The downfall in industry and the suspension in the manufacturing process have caused a decline in the industry’s demand. Degradation in the supply chain was observed and less in demand from end-users, putting a bad effect on the profit. Covid impact on the super capacitor market is temporary. During the post COVID period, the super capacitor market shows a positive market growth trend.
The government has imposed a lockdown all over the world and is taking strict rules and regulations to control the pandemic.
Drivers- factors that drive the super capacitor industry are its usage in automotive applications thus driving the automotive super capacitor market. Features like long shelf life, battery longevity, a capacitor having fast charging option will surely increase the growth of the automotive super capacitor market. The use of super capacitors in trains and aircraft will drive the industry.
Opportunities- use of micro super capacitor increases the super capacitor market opportunity. Extended operational life and using it in solar and wind energy applications increases the opportunity for super capacitor market growth. Super capacitor companies in the Asia Pacific region owing to stimulation of growth in automobile and consumer industries.
Challenges- the super capacitor market follows a complex technology. There is a need for more R and D and the plenty of applications so developed are to be used at a trending rate. The process involved in the super capacitor is time taking. Innovations take place in supermarkets, and their complexity makes the market restricted from its fast adoption. Technical difficulties and reduce in the number of vehicles compatible with hybrid capacitors are the challenging factors of the super capacitor market. Adopting the technology at a slow rate is the major restraint of the industry.
Cumulative growth- increase in demand for renewable energy sources and favorable government regulations stimulates the super capacitor market growth. An increase in demand for gasoline prices and a rise in fuel-efficient means of transportation boosts the super capacitor market. The rise in demand for electric vehicles fuels up the growth in the marketing field.
Restraints- the rise in initial costs of materials and less awareness of super capacitors hampers the super capacitor market demand. These capacitors are expensive products. Micro and mini-sized enterprises are unable to adapt to the new advanced technology of the super capacitor. The end-users of the super capacitor market adopt the cost-effectiveness and efficiency of the capacitor. All these factors decline its demand in the upcoming years. High cost is trying to cause several allocations to cause degradation in the industry globally.
VALUE CHAIN ANALYSIS
The Asia Pacific holding the largest super capacitor market share is the fastest growing market worldwide. Industrialization and the increase in the development of infrastructure drive the super capacitor market in this region. China, South Korea, and India contribute highly to this sector. Asia is very much famous for its flourishing agricultural beauty which is in great demand having smart irrigation technology. The super capacitor is a very important component of the irrigation system. The demand for the irrigation system is fueling the use of capacitors in the Asia Pacific region. The Asia Pacific will be very much responsible for the growth of the super capacitor market.
By type- in the super capacitor market forecast period, it is marked that the market globally is bifurcated into product type, module type, region, and applications. As per the product type, it is segmented into the double-layer capacitor, pseudocapacitor, and hybrid capacitors. Here the pseudocapacitor plays a major role in the market and even during the super capacitor market forecast period. 10-25volt modules cover the largest super capacitor market share while modules above 100-volt projects at a high CAGR of till 2027. The market is also classified based on materials, where activated carbon, carbide-derived carbon, carbon aerogel, and others are widely used. As per applications, the super capacitor industry is segmented into automotive, energy, industrial, aerospace, users electronics, and defense sector.
By technology- it obeys the advanced technology where it has energy storage systems, providing a high density of power in comparison to batteries and other traditional capacitors. The demand for super capacitors is used in solar PV panels and the areas concerned with solar lightning. Technology has made these capacitors environment friendly thus minimizing the emissions and creating heightened awareness. Biodegradable carbon has been started using in the double layer super capacitors double-layer.
The super capacitor market is visible in regions like North America, Europe, Asia Pacific and LAMEA. It is regarded that the Asia Pacific holds the largest super capacitor market share which owes to the increase in the automotive industry and growth in the electronic sector in China and India which have boosted up the industry in recent years. Concerning revenue, North America was marked as the second dominant and is expected to attain growth which owes to the demand of super capacitor import-export and growth of automotive industries.
The key players of various established international brands, domestic brands, and many new brands taking entry from the competitive landscape. They are practicing many nonstop techniques for expanding the super capacitor market and seeking various strategies, mergers, acquisitions, innovations and investing in research and development, and producing a cost-effective product portfolio. The competitors in the global super capacitor market are Panasonic Corporation(Japan), Maxwell Technologies Inc.,(U. S), Murata Manufacturing Co., Ltd. (Japan), CAP-XX Limited(Australia), Nesscap Energy Inc. (Canada), AVX Corp (U. S), DuPont (U. S.), Axion Power International Inc. (U. S.), Haydale( U. K), Komatsu Ltd.(Japan), and Toyota Motor Sales Inc.,(U.S.) and many others.
As per the International Organisation of Motor Vehicles Manufacturers in 2018, there are a large number of vehicles manufactured which use super capacitors and help in boosting the market.
The competitors of the capacitor market are introducing the first-ever 3V prismatic capacitors. Newly less price, small size, and high efficient capacitor technology has been adopted. These offer great solutions for IoT and wearable devices.
Super capacitor companies are working for ultracapacitors that will be more suitable for the medical industry. These key players by the adoption of technology have put forward these capacitors which are most probably used in MRI machines and other medical technologies.
The Canadian key players are using antibiotics with ultracapacitor models. North America is also responsible for the development of ultracapacitors for robotics modules.
Super capacitor market report analyzes the depiction of the market size globally along with the present market trends and future estimations to depict the investments. super capacitor market analysis understands the marketing trends to gain profit. The report gives a detailed analysis concerning opportunities, drivers, restraints, and growth. The report provides a depth assessment of the key players, product market sizing, product benchmark, financial and strategic analysis, and the major developments that comprehend the super capacitor market dynamics. The report gives takeaway in evaluating the market potential like CAGR, volume, and value. It gives a good report about the supply chain and the distribution channel in the geographical region. It gives information about the import-export statistics and gives potential opportunities for the super capacitor industries.
Frequently Asked Questions (FAQ) :
Global super capacitors market is projected to grow at approximately 21% CAGR during the assessment period (2017-2023).
The valuation of the global super capacitors market is estimated to increase to USD 2.6 BN by the end of 2023.
The increasing growth in the consumer electronics & automotive industries and demand for high-end technology solutions, are major tailwinds pushing the growth of the global super capacitors market.
The Asia Pacific region holds the largest share in the global super capacitors market, followed by North America and Europe, respectively.
Maxwell Technologies, Inc. (U.S.), Panasonic Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Nesscap Energy Inc. (Canada), CAP-XX Limited (Australia), AVX Corp (U.S.), Axion Power International, Inc. (U.S.), DuPont (U.S.), Haydale (U.K.), Toyota Motor Sales, Inc. (U.S.), and Komatsu Ltd. (Japan), are some of the top players operating in the global super capacitors market.
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK APPLICATION SOFTWARE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
6 SUPER CAPACITORS MARKET, BY SEGMENTS
6.2 MARKET STATISTICS
6.2.1 BY TYPE
22.214.171.124 DOUBLE LAYER CAPACITORS
126.96.36.199 HYBRID CAPACITORS
188.8.131.52 PSEUDO CAPACITORS
6.2.2 BY APPLICATION
184.108.40.206 AUDIO SYSTEMS
220.127.116.11 FLASH CAMERAS
18.104.22.168 SMOKE DETECTORS
22.214.171.124 POWER BACKUP SYSTEMS
126.96.36.199 MEMORY DEVICES
188.8.131.52 ELECTRIC VEHICLES
6.2.3 BY END-USERS
184.108.40.206 COSNUMER ELECTRONICS
6.2.4 BY GEOGRAPHY
220.127.116.11 NORTH AMERICA
18.104.22.168 REST OF THE WORLD
7 COMPETITIVE ANALYSIS
7.1 MARKET SHARE ANALYSIS
7.2 COMPANY PROFILES
7.2.1 PANASONIC CORPORATION (JAPAN)
7.3.2 MAXWELL TECHNOLOGIES, INC. (U.S.)
7.3.3 MURATA MANUFACTURING CO., LTD. (JAPAN)
7.3.4 CAP-XX LIMITED (AUSTRALIA)
7.3.5 NESSCAP ENERGY INC. (CANADA)
7.3.6 AVX CORP (U.S.)
7.3.7 DUPONT (U.S.)
7.3.8 AXION POWER INTERNATIONAL, INC. (U.S.)
7.3.9 HAYDALE (U.K.)
7.3.10 KOMATSU LTD. (JAPAN)
7.3.11 TOYOTA MOTOR SALES, INC. (U.S.)
LIST OF TABLES
TABLE 1 SUPER CAPACITORS MARKET, BY TYPE
TABLE 2 SUPER CAPACITORS MARKET, BY APPLICATION
TABLE 3 SUPER CAPACITORS MARKET, BY END-USERS
TABLE 4 SUPER CAPACITORS MARKET, BY GEOGRAPHY
TABLE 5 NORTH AMERICA SUPER CAPACITORS MARKET, BY TYPE
TABLE 6 NORTH AMERICA SUPER CAPACITORS MARKET, BY APPLICATION
TABLE 7 NORTH AMERICA SUPER CAPACITORS MARKET, BY END-USERS
TABLE 8 U.S SUPER CAPACITORS MARKET, BY TYPE
TABLE 9 U.S. SUPER CAPACITORS MARKET, BY APPLICATION
TABLE 10 U.S. SUPER CAPACITORS MARKET, BY END-USERS
TABLE 11 CANADA SUPER CAPACITORS MARKET, BY TYPE
TABLE 12 CANADA SUPER CAPACITORS MARKET, BY APPLICATION
TABLE 13 CANADA SUPER CAPACITORS MARKET, BY END-USERS
TABLE 14 EUROPE SUPER CAPACITORS MARKET, BY TYPE
TABLE 15 EUROPE SUPER CAPACITORS MARKET, BY APPLICATION
TABLE 16 EUROPE SUPER CAPACITORS MARKET, BY END-USERS
TABLE 17 GERMANY SUPER CAPACITORS MARKET, BY TYPE
TABLE 18 GERMANY SUPER CAPACITORS MARKET, BY APPLICATION
TABLE 19 GERMANY SUPER CAPACITORS MARKET, BY END-USERS
TABLE 20 FRANCE SUPER CAPACITORS MARKET, BY TYPE
TABLE 21 FRANCE SUPER CAPACITORS MARKET, BY APPLICATION
TABLE 2 2 FRANCE SUPER CAPACITORS MARKET, BY END-USERS
TABLE 23 U.K. SUPER CAPACITORS MARKET, BY TYPE
TABLE 24 U.K. SUPER CAPACITORS MARKET, BY APPLICATION
TABLE 2 5 U.K SUPER CAPACITORS MARKET, BY END-USERS
TABLE 26 REST OF EUROPE SUPER CAPACITORS MARKET, BY TYPE
TABLE 27 REST OF EUROPE SUPER CAPACITORS MARKET, BY APPLICATION
TABLE 2 8 REST OF EUROPE SUPER CAPACITORS MARKET, BY END-USERS
TABLE 29 ASIA-PACIFIC SUPER CAPACITORS MARKET, BY TYPE
TABLE 30 ASIA-PACIFIC SUPER CAPACITORS MARKET, BY APPLICATION
TABLE 31 ASIA-PACIFIC SUPER CAPACITORS MARKET, BY END-USERS
TABLE 32 REST OF THE WORLD SUPER CAPACITORS MARKET, BY TYPE
TABLE 33 REST OF THE WORLD SUPER CAPACITORS MARKET, BY APPLICATION
TABLE 34 REST OF THE WORLD SUPER CAPACITORS MARKET, BY END-USERS
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 SUPER CAPACITORS MARKET, BY TYPE (%)
FIGURE 3 SUPER CAPACITORS MARKET, BY APPLICATION (%)
FIGURE 4 SUPER CAPACITORS MARKET, BY END-USERS (%)
FIGURE 5 SUPER CAPACITORS MARKET, BY REGIONS (%)
FIGURE 6 NORTH AMERICA SUPER CAPACITORS MARKET, BY TYPE (%)
FIGURE 7 NORTH AMERICA SUPER CAPACITORS MARKET, BY APPLICATION (%)
FIGURE 8 NORTH AMERICA SUPER CAPACITORS MARKET, BY END-USERS (%)
FIGURE 9 EUROPE SUPER CAPACITORS MARKET, BY TYPE (%)
FIGURE 10 EUROPE SUPER CAPACITORS MARKET, BY APPLICATION (%)
FIGURE 11 EUROPE SUPER CAPACITORS MARKET, BY END-USERS (%)
FIGURE 12 ASIA-PACIFIC SUPER CAPACITORS MARKET, BY TYPE (%)
FIGURE 13 ASIA-PACIFIC SUPER CAPACITORS MARKET, BY APPLICATION (%)
FIGURE 14 ASIA-PACIFIC SUPER CAPACITORS MARKET, BY END-USERS (%)
FIGURE 15 REST OF THE WORLD SUPER CAPACITORS MARKET, BY TYPE (%)
FIGURE 16 REST OF THE WORLD SUPER CAPACITORS MARKET, BY APPLICATION (%)
FIGURE 17 REST OF THE WORLD SUPER CAPACITORS MARKET, BY END-USERS (%)