"Super-Capacitors and Ultra-Capacitors Market to Witness Boost in Revenue due to Increase in Demand for Energy Storage"

The super-capacitors and ultra-capacitors market worldwide is expected to grow at a CAGR of over 28.23% during the forecast period. A capacitor is a passive two-terminal electronic component that stores electrical energy in an electric field. Due to high power density and cyclability, capacitors have been in huge demand. Super-capacitor is an enhanced form of traditional capacitor while ultra-capacitors are ideally used in consumer electronics. Regulatory changes and standards for environmental safety may supplement the growth in sales of capacitors. Due to these factors, we are expecting a steady increase in the super-capacitors and ultra-capacitors market during the forecast period. 

"Electric Vehicles to continue dominating the market"

Owing to the exclusive demand from electric vehicle manufacturers, the transportation industry has given a boost to the super-capacitors and ultra-capacitors market. The global automotive/transportation segment market is expected to grow significantly during the forecast period. Super-capacitors and ultra-capacitors offer operational advantage of energy harvesting, high power and energy density in automobiles. Changes in policies and adoption of environmental safety standards have fueled the sales of capacitors in automotive/transportation segment market. Further, increased investment in mass rapid transport systems contributed to the growth of the segment globally. These factors shall drive the growth of the super-capacitors and ultra-capacitors market during the forecast period.

"Asia Pacific to Register the Fastest Growth in the Forecast Period"

North America is the largest consumer and hence led the super-capacitors and ultra-capacitors market in 2018. Notably, North American market is governed by the government’s funding for development and deployment of smart grid technology. Further, Asia-Pacific is expected to dominate the market during the forecast period and register the fastest growth. Notably, Asia Pacific is a center of smartphone manufacturing which has increased the demand for super-capacitors and ultra-capacitors in the region. On account of increased sales of smartphones, laptops and other electronic devices in the region, the super-capacitors and ultra-capacitors market have grown vastly. The market is backed by increase in demand for electric vehicles, along with consumer electronic products in the region. All these factors shall drive the super-capacitors and ultra-capacitors market during the forecast period.

Some of the prominent players operating in the super-capacitors and ultra-capacitors market include AVX Corporation, ELNA Co. Ltd., KEMET Electronics, Maxwell Technologies Inc., Murata Manufacturing Co. Ltd., NEC TOKIN, Panasonic Corporation, Nippon Chemi-Con Corporation, Eaton Corporation plc, Ioxus, Inc., Skeleton Technologies OÜ, Cellergy Ltd., Beijing HCC Energy Tech. Co. Ltd, Axion Power International Inc., Bombardier, Inc., Graphene Laboratories Inc., CAP XX Ltd., VINA Tech Co. Ltd, Supreme Power Solutions Co. Ltd, LS Mtron and others. and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Super-capacitors and Ultra-capacitors market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Super-capacitors and Ultra-capacitors market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Super-capacitors and Ultra-capacitors market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Super-capacitors and Ultra-capacitors market?
• Which is the largest regional market for Super-capacitors and Ultra-capacitors market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Super-capacitors and Ultra-capacitors market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Super-capacitors and Ultra-capacitors market worldwide?