"Increasing Demand for Electric Vehicles Technologies Ensure Rapid Growth for Supercapacitors Market"

Globally, the supercapacitors market is expected to grow with a CAGR of 17.1% during the forecast period from 2023 to 2030, starting from 2020 with a market value of US$ 492.0 Mn. The supercapacitors are defined as devices, which store electrochemical energy, discharge it by reversible adsorption, and desorption of ions during the interface between electrolytes and electrode materials. Supercapacitors are also known as ultracapacitors due to their high capacitance value as compared to other capacitors, which has a lower voltage limit. The supercapacitors are used in various products such as laptops, storage devices, automotive, electric cars and others. 

Moreover, the increasing demand for electric vehicles is also increasing the demand for supercapacitors, which also leads to drive the market. The demand for supercapacitors is also increasing due to their property of being eco-friendly and their ability to degrade easily as compared to batteries. The supercapacitors are better than lithium batteries in terms of lower heat production and cost. However, factors such as the low price of substitutes and limited awareness regarding the usage of supercapacitors can hamper the growth of the market. 

"Double Layer Capacitors in its Product Type Segment Continue Dominating the Market"

In 2021, the overall supercapacitors market was led by the double-layer capacitor contributing to a market share of around 45% of the total revenue generated globally. The double-layer capacitors have various is used in various equipment such as from portable electronics such as laptops, tablets, mobile phones, medical devices and others which increases their working efficiency. Whereas hybrid capacitors are expected to emerge as the fastest-growing segment over the forecast period.

"North America Dominates the Market by Region"

Supercapacitors market was led by North America, which held a market share of around 30% in 2021. This region is projected to witness a growth of around 19% during the forecast period. In North America, the U.S. holds the largest market share in the region due to the early adoption of supercapacitors and its utilization in the automotive industry in the region. Additionally, increasing EVs is also contributing to the growth of the market. Moreover, various companies in the region are investing in the development of more advanced supercapacitors leading to the growth of the market. Asia Pacific is set to emerge as the fastest-growing regional market for supercapacitors. This is majorly due to the ever-flourishing electronics sector here coupled with rapidly growing sales of electric vehicles.

Some of the prominent players operating in the supercapacitors market include Maxwell Technologies Inc. (Tesla Inc.), Panasonic Corporation, Nippon Chemi-Con Corp., LS Mtron Ltd, CAP-XX Limited, Murata Manufacturing Co. Ltd, Supreme Power Solutions, IOXUS Inc, JSR Micro NV, Shanghai Aowei Technology Development Co. Ltd., Taiyo Yuden Co. Ltd., TOKIN Corporation, Skeleton Technologies, AVX Corporation, Spel Technologies Private Limited, and Evans Capacitor Company.

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 Supercapacitors 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 Supercapacitors 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 Supercapacitors 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 Supercapacitors market?
• Which is the largest regional market for Supercapacitors 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 Supercapacitors market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Supercapacitors market worldwide?