PUBLISHER: The Business Research Company | PRODUCT CODE: 1681908
PUBLISHER: The Business Research Company | PRODUCT CODE: 1681908
An automobile ultracapacitor, also known as a supercapacitor or electrochemical capacitor, is an electrical energy storage device that utilizes electrostatic charge separation to store and release energy rapidly. These ultracapacitors are commonly employed in automotive systems to provide high-power acceleration assistance during braking, thereby enhancing overall vehicle reliability and efficiency.
The main types of automotive ultracapacitors include double-layered capacitors, pseudo-capacitors, and hybrid capacitors. A double-layered capacitor, also known as an electric double-layer capacitor (EDLC) or supercapacitor, is a device for storing electricity that leverages the double-layer capacitance phenomena. Automotive ultracapacitors are utilized in both passenger vehicles and commercial vehicles, and they are distributed through various channels, including OEM (original equipment manufacturer) and the aftermarket. These ultracapacitors find applications in various automotive systems such as start-stop operations, regenerative braking systems, and more.
The automotive ultracapacitor market research report is one of a series of new reports from The Business Research Company that provides automotive ultracapacitor market statistics, including automotive ultracapacitor industry global market size, regional shares, competitors with an automotive ultracapacitor market share, detailed automotive ultracapacitor market segments, market trends and opportunities, and any further data you may need to thrive in the automotive ultracapacitor industry. This automotive ultracapacitor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive ultracapacitor market size has grown exponentially in recent years. It will grow from $2.05 billion in 2024 to $2.52 billion in 2025 at a compound annual growth rate (CAGR) of 23.0%. The growth in the historic period can be attributed to emergence of electric vehicles, growth of hybrid vehicles, efficiency in start-stop systems, rise in energy recovery systems, improvements in durability and lifespan.
The automotive ultracapacitor market size is expected to see exponential growth in the next few years. It will grow to $5.35 billion in 2029 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to focus on sustainable mobility, expansion in public transport electrification, demand for lightweight solutions, innovations in energy storage, enhanced charging infrastructure. Major trends in the forecast period include regulatory push for lower emissions, electrification of vehicles, advancements in energy storage, demand for fast charging, integration in start-stop systems.
The growing demand for electric vehicles is anticipated to drive the expansion of the automotive ultracapacitor market in the coming years. Electric vehicles (EVs) are powered by electricity instead of traditional internal combustion engines that use gasoline or diesel. In EVs, automotive ultracapacitors enhance performance, extend battery life, and serve as backup power sources in emergencies. For example, in April 2024, the International Energy Agency, a France-based autonomous intergovernmental organization, reported that nearly 14 million new electric cars were registered globally in 2023, bringing the total to 40 million on the roads. Electric vehicles accounted for approximately 18% of all car sales, up from 14% in 2022. In China alone, new electric car registrations reached 8.1 million, representing a 35% increase from the previous year. As a result, the rising demand for electric vehicles is fueling the growth of the automotive ultracapacitor market.
The increasing stringency of emission regulations is expected to propel the growth of the automotive ultracapacitor market in the future. Emission regulations are government-imposed standards and guidelines that limit the release of pollutants and greenhouse gases into the environment, particularly from various industrial and transportation sources. These regulations compel the automotive industry to adopt cleaner and more efficient technologies to minimize emissions. Ultracapacitors are crucial in achieving this objective by enhancing energy efficiency, improving fuel economy, and reducing emissions through applications such as regenerative braking, start-stop systems, and powering electric and hybrid vehicles. For example, in April 2023, the United States Environmental Protection Agency (EPA), a government agency in the U.S., proposed stricter emissions standards for light- and medium-duty vehicles, targeting a range of pollutants, including greenhouse gases, ozone, particulate matter, and air toxics. These standards are designed to be achievable and are in line with the industry's transition toward electrification. Consequently, the growing stringency of emission regulations is driving the expansion of the automotive ultracapacitor market.
Key players in the automotive ultracapacitor market are concentrating on developing innovative products to strengthen their market position. High-performance supercapacitors, characterized by high specific capacitance and power density, are among the innovative products aimed at providing reliable services. In March 2023, KEMET Corporation introduced the FMU Series, a high-performance supercapacitor designed for vehicle electronics, featuring an industry-leading operational temperature range and suitable for applications such as advanced driver assistance systems (ADAS) and central gateway electronic control units (ECUs). This focus on innovation is a strategic move to meet customer needs and enhance market competitiveness.
In May 2023, Skeleton Technologies, an energy storage company based in Estonia, acquired European Battery Technologies Oy for an undisclosed amount. This acquisition aims to enhance Skeleton Technologies' manufacturing capacity and accelerate the development of its SuperBattery and other energy storage products, enabling the company to meet the rising demand for high-power fast-charging solutions in the automotive ultracapacitor market while expanding its technological footprint in Finland. European Battery Technologies Oy, located in Finland, specialized in the development and production of rechargeable lithium-ion batteries and battery systems for industrial applications.
Major companies operating in the automotive ultracapacitor market report are Panasonic Holdings Corporation, Sumitomo Corporation, Eaton Corporation PLC, TDK Corporation, Kyocera Corporation, Yageo Corporation, Taiyo Yuden Co. Ltd., Rutronik Elektronische Bauelemente GmbH, Nippon Chemi-Con Corp., LS Mtron Co. Ltd., Skeleton Technologies, Nesscap Co. Ltd., Tecate Group, Cornell Dubilier Electronics Inc., Ioxus, VINATech Co. Ltd., Systematic Power Manufacturing LLC, Yunasko Ltd., ELNA America Inc., TOKIN Corporation, Evans Capacitor Company, LICAP Technologies Inc., NAWA Technologies, Maxwell Technologies Inc., CAP-XX Limited, Seeo Inc.
Western Europe was the largest region in the automotive ultracapacitor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive ultracapacitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the automotive ultracapacitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The automotive ultracapacitor market consists of sales of metal oxide-based pseudocapacitors, conducting polymer-based pseudocapacitors, binary and ternary composites, and carbon-based pseudocapacitors. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Ultracapacitor Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive ultracapacitor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive ultracapacitor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive ultracapacitor market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.