Super Capacitors Market Research Report- Global Forecast 2027

Super Capacitors Market, By Type (Hybrid, Double Layer), By Application (Laptop, Audio Systems), By End-users (Consumer Electronics, Industrial) - Forecast 2027

ID: MRFR/SEM/2824-HCR | October 2022 | Region: Global | 100 Pages         

Super Capacitors Market

super capacitor market is to reach USD 2.6 billion by the end of 2023 with 21% CAGR during forecast period 2017-2023.

Segmentation

By Type Hybrid Double Layer
By Application Laptop Audio Systems
By End-users Consumer Electronics Industrial

Key Players

  • 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)
  • Toyota Motor Sales Inc. (U.S.)

Drivers

  • Factor that drive the super capacitor industry are its usage in automotive application thus driving the automotive super capacitor market.
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Super Capacitor Market Overview:


The supercapacitor market is expected to increase at a CAGR of 21%, with a value of USD 2.6 billion over 2020-2027.


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 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.


Market Dynamics


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.


Segment Overview


By Type


Iin 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.


Regional Analysis


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.


Competitive Landscape


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.


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


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.



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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.