Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players√Ę‚ā¨‚ĄĘ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Ultracapacitor Companies

Ultracapacitor companies are involved in the research, development, and production of ultracapacitors, also known as supercapacitors. These energy storage devices store and release electrical energy rapidly, making them suitable for applications requiring quick bursts of power. Ultracapacitors find use in hybrid and electric vehicles, renewable energy systems, and various industrial applications.

Ultracapacitor Companies

The Competitive Landscape of the Ultracapacitor Market

Ultracapacitors, those remarkable energy storage devices bridging the gap between batteries and traditional capacitors, are experiencing a surge in popularity. Their ability to deliver rapid bursts of power, tolerate numerous charge-discharge cycles, and operate in extreme temperatures makes them ideal for diverse applications from electric vehicles and renewable energy systems to industrial machinery and medical devices. To navigate this dynamic market, understanding the competitive landscape, adopted strategies, key players, and emerging trends is crucial for both established and aspiring participants.

Some of the Ultracapacitor companies listed below:

  • Maxwell Technologies

  • Nippon Chemi-Con Corporation

  • Eaton


  • Ness Capacitor Co., Ltd.

  • NEC Corporation

  • Skeleton Technologies

  • KEMET Corporation (YAGEO Group)

  • Panasonic Corporation

Strategies Adopted by Leaders:

  • Embracing Innovation and Cutting-Edge Technologies:¬†Investing in R&D to integrate advancements like high-performance electrode materials,¬†improved separator technologies,¬†and innovative cell designs differentiates solutions and caters to the need for higher energy density,¬†faster charging,¬†and extended cycle life.

  • Prioritizing User Experience and Technical Support:¬†Providing detailed technical specifications,¬†application notes,¬†and readily available technical support ensures users leverage the full potential of the ultracapacitors and fosters ongoing customer satisfaction.

  • Partnerships and Ecosystem Building:¬†Collaborating with component suppliers,¬†electronics manufacturers,¬†system integrators,¬†and research institutions expands knowledge base,¬†opens new markets,¬†and facilitates broader adoption of ultracapacitor solutions.

  • Focus on Safety and Sustainability:¬†Implementing stringent safety protocols,¬†achieving environmental certifications,¬†and employing sustainable manufacturing practices build trust and cater to customers with growing environmental awareness.

  • Cost-Effectiveness and Manufacturing Efficiency:¬†Streamlining production processes,¬†minimizing material waste,¬†and offering competitive pricing enable affordability and penetration into cost-sensitive market segments.

Factors for Market Share Analysis:

  • Product Portfolio and Technological Breadth:¬†The range and sophistication of ultracapacitors offered,¬†encompassing diverse types like cylindrical,¬†prismatic,¬†and pouch cells,¬†with variations in capacitance,¬†voltage,¬†temperature range,¬†and cycle life,¬†significantly impact market reach.¬†Catering to specific applications,¬†such as regenerative braking systems or power backup for critical infrastructure,¬†requires tailored solutions and partnerships.

  • Target Market Focus:¬†Focusing on specific segments within the technology ecosystem,¬†such as automotive manufacturers,¬†renewable energy developers,¬†industrial automation companies,¬†consumer electronics companies,¬†or medical device manufacturers,¬†requires customized marketing strategies and technical specifications addressing their unique needs.¬†Solidifying market share hinges on understanding these sector-specific concerns.

  • Performance and Efficiency:¬†Balancing high capacitance,¬†rapid charging and discharging capabilities,¬†and energy density with operational efficiency in terms of energy loss and self-discharge are crucial for optimizing performance across diverse applications.

  • Safety and Reliability:¬†Implementing robust safety features,¬†achieving industry certifications,¬†and demonstrating long-term operational reliability are paramount for building trust and ensuring safe integration into sensitive systems.

  • Cost and Scalability:¬†Offering cost-competitive solutions,¬†providing scalable manufacturing capabilities,¬†and minimizing environmental impact throughout the manufacturing lifecycle cater to customers with growing economic and environmental concerns.

New and Emerging Companies:

  • Niche-Focused Specialists:¬†Companies like Ioxus and Nesscap specialize in developing high-performance,¬†ruggedized ultracapacitors for extreme environments and demanding applications like aerospace,¬†military equipment,¬†and medical implants,¬†offering unparalleled expertise and tailored solutions.

  • Graphene-Based Technologies:¬†Companies like Vorta Energy and Nanoxergy focus on developing next-generation ultracapacitors with graphene electrodes,¬†promising significant improvements in energy density,¬†charging speed,¬†and cycle life.

  • Open-Source Hardware Advocates:¬†Companies like OpenCap and Hackaday promote open-source ultracapacitor designs and readily available fabrication instructions,¬†empowering researchers and DIY enthusiasts with customization options and fostering innovation within the community.

Latest Company Updates:

Nov. 08, 2023, LS Materials, an LS Cable & System subsidiary, announced that it would supply ultracapacitors (UC), considered the next-generation secondary batteries, to a Japanese AGVs manufacturer. The Japanese company will install LS Materials' ultracapacitors on its AGVs to be charged in real-time during operation for component transportation in clean rooms and supply these to semiconductor factories in Taiwan.

Oct. 16, 2023, Florrent announced raising $2.1 MN to produce bio-derived ultracapacitor-activated carbon. The catalytic capital will enable Florrent to begin outfitting their pilot manufacturing facility to scale up the production of their next-generation ultracapacitor-activated carbon material. The company will also invest in critical R&D equipment from these funds and build its team of scientists, engineers, and professionals.

Oct. 03, 2023, Abracon, a leading provider of frequency control, timing, power, magnetics, RF, and antenna solutions, launched an all-new line of 2.7V & 3.0V EDLC radial supercapacitors. These ultracapacitors can revolutionize energy supply and storage with their unmatched performance, reliability, and versatility.

Abracon's new line of ultracapacitors has been designed and engineered to address the ever-growing demands for high-capacity, fast-charging energy storage solutions across industries, such as automotive, renewable energy, industrial automation, and consumer electronics.

Jun. 06, 2023, US-based startup Salgenx announced the successful integration of ultracapacitors with its saltwater redox flow batteries (SRFBs), enhancing power response, increased efficiency, and improved energy density. Earlier this year, the company unveiled its scalable SRFB system featuring two separate tanks of electrolytes. It does not use any lithium or vanadium and is membrane-free, thus promising big gains at the levelized cost of storage level.

Global Ultracapacitor Market Overview:

Ultracapacitor Market Size was valued at USD 1.8 Billion in 2022. The Ultracapacitor Market industry is projected to grow from USD 2.0 Billion in 2023 to USD 6.58 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.50% during the forecast period (2023 - 2032). An increase in demand for ultracapacitors due to their wide usage in electronic devices and the incorporation of ultracapacitors into any device increases its functionality, accuracy, and efficiency, which leads to an increase in its automation is expected to be a significant market driver for the Ultracapacitor Market.

Ultracapacitor Market Overview

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Ultracapacitor Market Trends

  • Longer life cycle as compared to batteries and Growing Stringent Emission Regulations is driving the market growth

Market CAGR for Ultracapacitor is being driven by the Longer life cycle as compared to batteries and Growing Stringent Emission Regulations. Ultracapacitors, on average, offer a lifespan ranging from 8 to 15 years, which significantly surpasses the typical 3 to 4-year life expectancy of conventional automotive batteries. Furthermore, in various applications such as solid-state devices, standard batteries tend to last just 1-2 years. The relatively high cost of lithium-ion batteries contributes to the depreciation in the resale value of electric vehicles, thereby impeding the growth of electric car sales. In this context, ultracapacitors emerge as a promising alternative to batteries, offering an extended lifespan that eliminates the need for replacement every few years.

The integration of ultracapacitors in-vehicle systems enhances battery capacity and enables automobile manufacturers to achieve key advantages, including enhanced fuel efficiency, prolonged battery life, reduced vehicle weight, and diminished carbon dioxide (CO2) emissions. To align with stringent global emissions regulations, ultracapacitors are anticipated to gain broader acceptance across various vehicle types, encompassing conventional, hybrid, and electric vehicles. For instance, in the United States, carbon dioxide emissions per mile showed a steady decline from 369 grams per mile in 2013 to 352 grams per mile (preliminary) for FY 2017, as per the US Environmental Protection Agency (EPA). The European Union (EU) has also implemented emission standards to govern CO2 emissions from both passenger cars and commercial vehicles. Transport emissions have seen an uptick, constituting a quarter of the EU's overall greenhouse gas (GHG) emissions. Notably, the average carbon emission for new cars registered in the EU in 2016 was approximately 118.1 grams per kilometer (g/km), comfortably surpassing the 2015 target of 130g. These developments reflect the growing focus on reducing emissions and promoting cleaner, more efficient transportation solutions in the business landscape.

As a result, it is anticipated that throughout the projection period, demand for the Ultracapacitor Market will increase due to the Longer life cycle as compared to batteries and Growing Stringent Emission Regulations. Thus, driving the Ultracapacitor Market revenue.

Ultracapacitor Market Segment Insights:

Ultracapacitor Market Type Insights

The Ultracapacitor Market segmentation, based on Type includes Layered Capacitors, Pseudocapacitors, and Hybrid Capacitors. The Double Layered Capacitors segment dominated the market, accounting for 58% of market revenue (1.04 Billion). One of the primary advantages of DLCs is their exceptionally high power density. They can deliver and store energy at a much faster rate than batteries. This makes them suitable for applications where rapid energy discharge and recharge are essential, such as in electric vehicles (EVs), industrial machinery, and renewable energy systems.

Figure 1: Ultracapacitor Market, by Type, 2022 & 2032 (USD Billion)

Ultracapacitor Market, by Type, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Ultracapacitor Market Application Insights

The Ultracapacitor Market segmentation, based on Application includes Automotive, Consumer Electronics, Energy, Industrial, and Others. The Automotive segment dominated the market, accounting for 60% of market revenue (1.08 Billion). Ultracapacitors are gaining increased traction in electric vehicles and other automobile applications, either as substitutes for or in conjunction with conventional batteries. These applications encompass a range of electric vehicle types, including hybrid vehicles and fuel cell vehicles. Ultracapacitors are primarily deployed in diverse automotive scenarios, including providing support to the drivetrain in hybrid and electric vehicles, fuel cell and hydrogen-powered vehicles, electric buses, trucks, motorcycles, and more. Additionally, they are instrumental in capturing and storing renewable energy generated during braking and coasting and play a pivotal role in the efficient Stop-Start systems utilized in fuel-efficient automobiles.

Ultracapacitor Market Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The anticipated expansion of the Ultracapacitor market in North America can be attributed to several key factors. In North America, there exists a substantial demand for energy storage solutions, primarily driven by the region's diverse energy landscape. Ultra-capacitors, often referred to as supercapacitors, present a valuable option for high-power, short-duration energy storage, catering to the requirements of various applications. Moreover, North America's increasing emphasis on renewable energy sources, such as wind and solar power, is noteworthy. In 2021, the United States witnessed an 11% growth rate in renewable energy production across multiple sectors. This surge has led to a cumulative installed capacity of approximately 325,391 megawatts (MW) of renewable energy as of 2021. Furthermore, the proportion of renewable energy in electricity generation is projected to ascend to 24% by 2030. In this context, ultra-capacitors offer an efficient means to store and release energy, making them exceptionally well-suited for stabilizing the intermittent energy supply stemming from renewable sources. This capability contributes significantly to enhancing grid reliability, a pivotal factor in the energy sector.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Ultracapacitor Market SHARE BY REGION 2022 (USD Billion)

Ultracapacitor Market SHARE BY REGION 2022

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's Ultracapacitor Market accounts for the second-largest market share as the industrial sector in Europe utilizes ultra-capacitors for various applications, including uninterruptible power supplies (UPS) and grid stabilization. They provide a reliable source of power in critical industrial processes and help ensure grid stability. European governments have been proactive in supporting clean energy technologies. Subsidies, incentives, and regulations encouraging the adoption of electric vehicles and clean energy solutions have boosted the ultra-capacitors market. Further, the German Ultracapacitor Market held the largest market share, and the UK Ultracapacitor Market was the fastest-growing market in the European region

The Asia-Pacific Ultracapacitor Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to substantial investments from major industry players and government institutions, as well as a focus on new product developments. Furthermore, the region's well-established electronics industry and its proclivity for embracing cutting-edge technologies have conferred a competitive advantage upon organizations operating in this market. According to BizVibe's analysis, China's manufacturing output in the consumer electronics sector accounts for over a third of the global production. Research conducted by the European Council reveals that between 2012 and 2017, China's share of worldwide production in this industry increased from 36% to 38%. This growth significantly outpaced other major electronics manufacturing regions, including North America (15%), Europe (14%), and Japan (12%). China also holds the distinction of being the largest exporter of consumer electronics globally, with estimated revenues of $557 billion. This constitutes 24% of the total $2 trillion worth of consumer electronics exports worldwide. This confluence of factors underscores the dynamic business landscape in the Asia-Pacific ultracapacitor market. Moreover, China’s Ultracapacitor Market held the largest market share, and the Indian Ultracapacitor Market was the fastest-growing market in the Asia-Pacific region.

Ultracapacitor Market Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Ultracapacitor market, grow even more. Market participants are also undertaking a variety of 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. To expand and survive in a more competitive and rising market climate, the Ultracapacitor industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Ultracapacitor industry to benefit clients and increase the market sector. In recent years, the Ultracapacitor industry has offered some of the most significant advantages to the energy storage sector. Major players in the Ultracapacitor Market, including Maxwell Technologies, Nippon Chemi-Con Corporation, Eaton, LS MTRON LTD, Ness Capacitor Co., Ltd., NEC Corporation, Skeleton Technologies, KEMET Corporation (YAGEO Group), Panasonic Corporation are attempting to increase market demand by investing in research and development operations.

Panasonic Corporation is a diversified company engaged in the development, manufacturing, sales, and servicing of a wide range of electric and electronic products. Their product lineup includes various items such as room air-conditioners, televisions, landline phones, digital cameras, video equipment, home audio systems, rice cookers, lighting fixtures, wiring devices, air conditioning systems, air purifiers, and even bicycles. Furthermore, Panasonic offers electronic components, manufacturing equipment, welding machinery, personal computers, tablets, projectors, batteries, electric motors, electronic materials, semiconductors, and LCD panels. Panasonic provides comprehensive solutions across multiple sectors, catering to consumer electronics, logistics, automotive, aviation, entertainment, manufacturing, and housing industries, among others. The company operates and manages facilities and research and development centers across Japan, Asia, the Americas, and Europe. Panasonic is headquartered in Kadoma-shi, Osaka, Japan. In November 2021, Panasonic Corporation introduced the JX series of SP-Cap conductive polymer aluminum electrolytic capacitors, setting a new industry benchmark for reliability. These capacitors are designed for use in power circuits, particularly in advanced communication base stations like those used in 5G technology and servers that handle increasing data traffic. This development aligns with Panasonic's commitment to providing cutting-edge solutions for the ever-evolving demands of the technology and communication sectors.

Eaton is a prominent player in power management. The company specializes in designing, developing, and marketing energy-efficient products, technologies, and services that empower customers to effectively and sustainably manage electrical, aerospace, hydraulic, and mechanical power. Eaton's clientele spans various industries, including utilities, government, industrial, information technology, residential, institutional, machine tools, marine, material handling, commercial, construction, agriculture, renewable energy, oil and gas, mining, forestry, automotive, molding, primary metals, power generation, and aerospace. Their operations extend across regions in North America, Europe, Latin America, Asia Pacific, Africa, and the Middle East. Eaton maintains an extensive global manufacturing presence, and its corporate headquarters are located in Dublin, Ireland.

Key companies in the Ultracapacitor Market include

  • Maxwell Technologies

  • Nippon Chemi-Con Corporation

  • Eaton


  • Ness Capacitor Co., Ltd.

  • NEC Corporation

  • Skeleton Technologies

  • KEMET Corporation (YAGEO Group)

  • Panasonic Corporation

Ultracapacitor Industry Developments

February 2022: Panasonic Corporation introduced the KX series of SP-Cap conductive polymer aluminum electrolytic capacitors, setting a new industry standard for reliability with endurance of up to 5,500 hours at 125°C. These capacitors are designed for power circuit applications in critical systems such as servers and communication base stations.

August 2021: KEMET unveiled the FMD and FU0H series of high-performance supercapacitors tailored for automotive electronics. These series are rated for 1,000 hours at 85°C/85% relative humidity and can operate within a temperature range of -40°C to 85°C. Notably, the FMD series boasts the industry's longest lifetime, extending up to 4,000 hours. These supercapacitors have successfully met stringent automotive testing standards, underscoring their suitability for use in the automotive sector.

Ultracapacitor Market Segmentation:

Ultracapacitor Type Outlook

  • Double Layered Capacitors

  • Pseudocapacitors

  • Hybrid Capacitors

Ultracapacitor Application Outlook

  • Automotive

  • Consumer Electronics

  • Energy

  • Industrial

  • Others

Ultracapacitor Regional Outlook

  • 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

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.