Super Capacitors Market Size was valued at USD 0.45 billion in 2022. The super capacitors market is projected to grow from USD 0.544 Billion in 2023 to USD 2.5019 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 21.00% during the forecast period (2023-2032).Increased market adoption of high-power, quick-charging electric vehicle technology and the need for communication systems in telecom and space are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
For continuous operation, the charging and discharging of Super capacitors are crucial in supporting peak loads and backup power. Smart meters, smoke detectors, video doorbells, and other battery-operated industrial applications are included. Several vendors are introducing new products to support this. For example, Texas Instruments (TI) just unveiled a new bidirectional buck/boost converter with an IQ of 60 nA. The TPS61094 buck/boost converter also features a buck mode for super capacitor charging while delivering ultra-low IQ, allowing engineers to increase battery life by up to 20%. This is in contrast to frequently used hybrid-layer capacitors. (Hybrid-layer capacitors, or HLCs).
Based on current Super capacitor technology, more investigation is being done into creating inexpensive and creative solutions. It emphasizes the need to lower the cost of producing carbon-based electrodes and our dependence on key components while providing a more cost-effective and environmentally friendly alternative to the current models. For instance, scientists at Imperial College London and University College London (UCL) have recently created an electrode material for Super capacitors that is more energy-dense and environmentally friendly, paving the way for increased market adoption of high-power, quick-charging electric vehicle technology. The demand for Super capacitors has recently been driven by communication systems in telecom and space. At its Vikram Sarabhai Space Center (VSSC), the Indian Space Research Organization (ISRO) created the technology for processing Super capacitors (2.15 V) of various capacitance values, i.e., 5 F, 120 F, 350 F, and 500 F, addressing specific applications related to spatial requirements and societal requirements. In several ways, super capacitors are successfully used to increase the efficiency of hybrid electric vehicles.
For instance, Maxwell created a lead-acid battery connected to a super capacitor to swap out a conventional car battery. This application is based on the theory that high energy demands, like starting a car, reduce the battery's overall energy capacity. The business offers a line of super capacitor-based modules with a 3000°F operating temperature. Super capacitors have been sold for hybrid start-stop applications 600,000. Additionally, several market vendors have noticed increased sales in the electric vehicle sector, driving the growth of super capacitors in the automotive sector. For instance, EV volumes predicted sales of 10,6 million units for 2022, representing an increase of 57 percent over 2021, with BEVs reaching 8 million units and PHEVs 2,6 million units. Additionally, it was predicted that by the end of 2022, there would be close to 27 million EVs, including light vehicles, of which 70% would be BEVs and 30% PHEVs. Thus, driving the super capacitor’s market revenue.
Based on type, the Super Capacitors Market segmentation includes hybrid and double layers. The hybrid segment dominated the market because they are widely used in electronics and automotive applications. In addition to reducing fuel consumption, hybrid capacitors in automotive transportation help reduce carbon emissions. These elements support the prediction that hybrid capacitors will increase during the forecast period.
Figure 1: Super Capacitors Market, by Type, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Super Capacitors Market segmentation based on application includes laptop and audio systems. The audio systems category generated the most income. Super capacitors can supply power for pulse applications, peak power assistance, and electronic locks. Providing backup power for automobile audio systems is just one of the many other uses. They are not typically used in loudspeakers, although they can supplement batteries, lengthen their life, and even replace batteries entirely in some circumstances.
The Super Capacitors Market segmentation based on end-users includes consumer electronics and industrial. The industrial category generated the most income because of its use in long-distance trucks, metros, hybrid buses, and commercial hybrid vehicles, as well as its quick charging and power stability. Super capacitors are essential for modern automotive technology because they improve power stability, fuel efficiency, and other aspects of vehicle performance. This has raised awareness of the need for super capacitors among manufacturers and attracted more public attention to the issue of energy efficiency in terms of fuel, safety, and other factors.
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 will dominate this market. Due to the large and medium-sized automotive industries' demand for super capacitors, the growth of super capacitors has been supplemented.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Super Capacitors Market SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s super capacitors market accounts for the second-largest market share; this dominance can be attributed to the rising interest in energy storage technologies and the region's growing demand for electric vehicles. Moreover, the region's electronics and automotive industries are experiencing a rise in super capacitor demand. Further, the German super capacitors market held the largest market share, and the UK super capacitors market was the fastest-growing market in the European region.
The Asia-Pacific Super Capacitors Market is expected to grow at the fastest CAGR from 2023 to 2032. To reach the carbon neutrality goals by 2060, China's super capacitor demand is anticipated to increase at one of the fastest rates in the world for a very long time. The overall market share of super capacitors in China would keep growing due to the rising demand in downstream markets, such as electric vehicles. Many new players have established positions in the market thanks to government support for the policy. Moreover, China’s super capacitors market held the largest market share, and the Indian super capacitors market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the super capacitors market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The super capacitors industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global super capacitors industry to benefit clients and increase the market sector. The super capacitors industry has offered some of the most significant advantages in recent years. Major super capacitor market players, including 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.) and others, are attempting to increase market demand by investing in research and development operations.
DuPont (U.S.), Often abbreviated as DuPont, the French-American industrialist and chemist Éleuthère Irénée du Pont de Nemours founded the multinational chemical company in 1802. The business began as a significant supplier of gunpowder and later played a significant role in the growth of Delaware. In the 20th century, DuPont produced a variety of polymers, including Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kapton, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona, Corfam, and Lycra. Its scientists also produced a variety of chemicals, most notably Freon (chlorofluorocarbons), for the refrigerant. Additionally, it produced synthetic paints and pigments like ChromaFlair.
AVX Corp (US), An extensive range of the cutting-edge sensor, control, connector, and antenna solutions are also available from KYOCERA AVX, a well-known global manufacturer and supplier of advanced electronic components. These components include capacitors, inductors, filters, resistors, couplers, diodes, and circuit protection devices. With 33 research, design, manufacturing, and customer support facilities spread across 16 nations, KYOCERA AVX offers several competitive advantages, such as delivery and production capabilities tailored to each customer's unique just-in-time inventory needs, as well as a global engineering team with experience in creating new-to-market product solutions specifically created to satisfy each customer's specific application needs.Â
Key Companies in the Super Capacitors market include
September 2022: Kyocera AXA unveiled a line of super capacitors in pouches to reduce current surge batteries. These capacitors can be used independently for system power redundancy, sometimes taking the place of batteries, or they can work in tandem with primary or secondary batteries.
January 2022: The commercialization of reduced graphene oxide (rGO) for super capacitors and other energy storage devices is one of the goals of the joint venture established between CAP-XX Limited and Iconic Industries. On behalf of the joint venture, CAP-XX will use rGO to produce and market super capacitors and other energy storage devices under the CAP-XX name.
Hybrid
Double Layer
Laptop
Audio Systems
Consumer Electronics
Industrial
North America
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 2022 | USD 0.45 billion |
| Market Size 2023 | USD 0.544 billion |
| Market Size 2032 | USD 2.5019 billion |
| Compound Annual Growth Rate (CAGR) | 21.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, End-Users, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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.) |
| Key Market Opportunities | increased market adoption of high-power, quick-charging electric vehicle technology |
| Key Market Dynamics | Need for communication systems in telecom and space |
Super Capacitors Market Highlights:
Frequently Asked Questions (FAQ) :
The Super Capacitors Market size was valued at USD 0.45 Billion in 2022.
The global market is projected to grow at a CAGR of 21.00% during 2023-2032.
North America had the largest share of the global market
The key players in the 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), Toyota Motor Sales Inc. (U.S.).
The hybrid segment dominated the market in 2022.
The audio system segment had the largest share of the global market.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
