Supercapacitor Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Supercapacitor Market was valued at USD 2.85 billion in 2023 and is projected to grow at a CAGR of over 12.8% from 2024 to 2032. The rising focus on renewable energy sources, such as solar and wind, has increased the demand for efficient energy storage solutions. Supercapacitors, known for their quick charge and discharge capabilities, are increasingly recognized as a complementary technology to batteries, especially in harnessing energy from intermittent renewable sources.

Their ability to provide high power output and quick responsiveness makes them ideal stabilizers for renewable energy systems, further driving their adoption in energy storage applications. The supercapacitor market is growing rapidly, largely due to its increasing importance in electric vehicles (EVs) and renewable energy systems. In the automotive sector, supercapacitors are becoming essential for providing quick power boosts during acceleration and regenerative braking, working alongside traditional lithium-ion batteries.

The overall supercapacitor industry is classified based on type, material, application, and region.

The market is segmented by type into electrostatic double-layer capacitor (EDLC), pseudo-capacitor, and hybrid capacitor. The electrostatic double-layer capacitor (EDLC) segment dominated in 2023, capturing over 67% of the market share. EDLCs are preferred for their exceptional power density and fast charge-discharge capabilities. Their versatility spans applications, from regenerative braking in electric vehicles to energy storage in renewable systems, where quick power bursts and a long cycle life are crucial. Recent advancements in materials and manufacturing processes are improving the efficiency and cost-effectiveness of EDLCs.

Based on application, the market is divided into consumer electronics & home appliances, automotive & transportation, energy & utilities, industrial, aerospace & defense, and others. The energy & utilities segment is projected to be the fastest growing from 2024 to 2032, with a CAGR of over 14%. Supercapacitors are vital in the energy and utilities sector, enhancing grid stability and improving energy storage. Their quick charge-discharge nature aids in peak shaving and load leveling, efficiently balancing supply and demand. Moreover, they play a key role in integrating renewable energy sources, ensuring reliable backup power during fluctuations.

In 2023, the Asia Pacific region dominated the supercapacitor market, holding over 50% of the share, and is expected to maintain this lead throughout the forecast period. The Asia-Pacific region's dominance in the supercapacitor market is attributed to its rapid industrialization, urbanization, and a strong emphasis on renewable energy. The region's robust manufacturing landscape, coupled with substantial investments in electric vehicles and smart grid technologies, drives market expansion. Furthermore, countries like China and Japan are promoting energy storage solutions, aiming to enhance grid stability and sustainability.

Product Code: 3732

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology and innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.8 Growth drivers
- 3.8.1 Surging demand for renewable energy storage
- 3.8.2 Technological advancements in supercapacitor design
- 3.8.3 Expansion in electric vehicle (EV) adoption
- 3.8.4 Increasing demand for power backup systems
- 3.8.5 Government incentives and regulations
3.9 Industry pitfalls and challenges
- 3.9.1 High initial cost of advanced materials
- 3.9.2 Limited energy density compared to batteries
3.10 Growth potential analysis
3.11 Porter's analysis
- 3.11.1 Supplier power
- 3.11.2 Buyer power
- 3.11.3 Threat of new entrants
- 3.11.4 Threat of substitutes
- 3.11.5 Industry rivalry
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Type, 2021 - 2032 (USD Million)

5.1 Key trends
5.2 Electrostatic double-layer capacitor (EDLC)
5.3 Pseudo-capacitor
5.4 Hybrid capacitor

Chapter 6 Market Estimates and Forecast, By Material, 2021 - 2032 (USD Million)

6.1 Key trends
6.2 Carbon-based supercapacitor
6.3 Metal Oxide-based supercapacitor
6.4 Conducting Polymer-based supercapacitor
6.5 Composite-based supercapacitor

Chapter 7 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Million)

7.1 Key trends
7.2 Consumer electronics and home appliances
7.3 Automotive and transportation
7.4 Energy and utilities
7.5 Industrial
7.6 Aerospace and defense
7.7 Others

Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 Saudi Arabia
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Cap-XX Limited
9.2 Chengdu Ztech Polymer Material Co. Ltd?
9.3 Eaton
9.4 Evans Capacitor
9.5 Ioxus Inc.
9.6 Jianghai Capacitor
9.7 Jinzhou Kaimei Power Co. Ltd
9.8 KEMET Corporation
9.9 KORCHIP Corporation
9.10 KYOCERA AVX Components Corporation
9.11 LS Materials Co.,Ltd
9.12 Maxwell Technologies
9.13 Nippon Chemi-Con Corporation?
9.14 Panasonic Corporation
9.15 Shanghai Aowei Technology Development Co. Ltd
9.16 Shanghai Green Tech Co. Ltd.
9.17 Skeleton Technologies
9.18 SPEL Technologies Private Limited
9.19 TAIYO YUDEN CO., LTD.
9.20 TDK Corporation
9.21 Vishay Intertechnology, Inc.
9.22 Wurth Elektronik GmbH and Co. KG.