Market Research Report

Global Ultracapacitors Market Research Report: Forecast (2024-2030)

By Type (Electric-double Layered Capacitors, Pseudocapacitors, Hybrid Capacitors), By Power Type (Less than 10 Volts, 10 Volts to 25 Volts, 25 Volts to 50 Volts, 50 Volts to 100 Vo...lts, Above 100 Volts), By Application (Automotive, Consumer Electronics, Energy, Industrial, Others), Others Read more

  • Energy
  • Nov 2023
  • 187
  • EN77067

Market Definition

Ultracapacitors or supercapacitors are energy storage devices that provide high power density, high reliability, almost rapid charging & discharging, and extreme temperature tolerance. This technology spans between batteries & capacitors. They discharge electric energy via electrostatic separation of charged ions. They are capacitor with a high capacity that can store more energy and has a larger capacitance value than a standard capacitor.

Market Insights & Analysis: Global Ultracapacitors Market (2024-30)

The Global Ultracapacitors Market is valued at USD 3.1 billion in 2022 and is estimated to grow at a CAGR of around 7.1% during the forecast period, i.e., 2024-30.  The market is driven by the increasing demand for supercapacitors in the automotive industry due to many factors such as environmental concerns, the introduction of novel technologies in the automotive industry, etc. are key factors driving the market growth and are anticipated to grow during the forecast period.

The surging global demand for Electric Vehicles (EVs) stands as a primary stimulus, propelling the Supercapacitors Market's growth. Supercapacitors find applications in EVs for start-stop functions and play a role in energy storage alongside battery packs. The automotive industry has increasingly embraced EVs due to their reliance on non-renewable energy and environmentally friendly nature. Nevertheless, these vehicles encounter difficulties in matching regular fuel-based vehicles' performance measures, such as speed, mileage, weight, and overall economy. This limitation restricts their popularity among consumers.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 7.1%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: Saudi Arabia, UAE, Qatar, Egypt, South Africa, Rest of MEA
Key Companies Profiled Maxwell Technologies, NEC Corporation, Nantong Jianghai Capacitor Co. Ltd., Cap-Xx Limited, Eaton, LS Mtron Ltd., Panasonic Corporation, KEMET Corporation (YAGEO Group), Skeleton Technologies, and others
Market Value (2022) USD 3.1 Billion

 

Battery-powered EVs have concerns such as battery efficiency and the impact of battery pack weight on overall vehicle weight, among others. Batteries are unable to meet EVs' growing power demands, with their high internal resistance reducing initial peak current. Ultracapacitors, on the other hand, do not have such limits, making them an ideal choice for these vehicles.

Additionally, the inherent advantages of ultracapacitors in enhancing product capabilities have led to increased adoption. This trend is particularly evident among manufacturers of Uninterruptible Power Supplies (UPS), Adjustable-Speed Drives (ASDs), and fuel cells, thereby strengthening market expansion in the foreseeable future (2024-30).


Global Ultracapacitors Market Research Report: Forecast (2024-2030)

Global Ultracapacitors Market Driver:

Surge in the Automotive Industry & Renewable Energy to Thrive the Market – The Ultracapacitors Market is undergoing healthy growth due to the surging automotive industry owing to technological advancements, increasing urbanization, rising environmental concerns & regulations to reduce carbon emission, etc. Stringent guidelines from governments of various countries are also prompting the use of electric vehicles & sustainable transportation to reduce air pollution, further augmenting the market share.

Also, increasing international partnerships between countries and regions may raise the demand for the automotive & transportation sectors, which again represents the need for ultracapacitors in this sector. Moreover, improving the disposable income of individuals is also responsible for supplementing the adoption of these electronic devices. Hence, this further helps to boost the Ultracapacitor Market size in the upcoming years.

Global Ultracapacitors Market Possible Restraint:

High Cost Associated with Ultracapacitors to Impede Market Growth – The high cost associated with ultracapacitors acts as an obstacle for the market, which results in limiting the adoption of these devices worldwide. The manufacturing of these devices requires specialized materials such as activated carbon that are used in the electrode covering, which majorly contributes to the high cost of overall ultracapacitor devices, hindering the Ultracapacitors Market growth.

In addition, the production of ultracapacitors also involves quality control measures & intricate assembly, further leading to an increase in manufacturing expenses, raising the cost of the overall product. This restraint is anticipated to hamper the overall product market even during the forefront period. However, to overcome this market restraint, manufacturers are continuously making their efforts and improving their production techniques to address the cost issue that might be solved in the upcoming time.

Global Ultracapacitors Market (2024-30): Segmentation Analysis

The Global Ultracapacitors Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment & and includes predictions for the period 2024–2030 at the level. In accordance to the analysis, the market has been further classified as:

Based on Type:

  • Electric-double Layered Capacitors
  • Pseudocapacitors
  • Hybrid Capacitors

The Electric Double-layered Capacitors (EDLCs) segment holds the largest share of the Global Ultracapacitors Market. Electric Double-layered Capacitors devices are able to store versatile energy and are capable of offering a broad range of applications. They are majorly utilized by the automotive industry, consumer electronics, renewable energy, etc. Also, due to containing high power density, these devices are able to deliver a conservable power amount. These features of this segment make them a valuable type, in various applications that need rapid energy release, such as regenerative braking in electric vehicles.

Besides, Electric Double-layered Capacitors have a longer life cycle than others, with the capability to endure thousands to millions of charge & discharge life cycles without degradation. Such features of this type of segment further attract the adopter, ultimately enhancing the Global Ultracapacitors Market in the coming period.

Based on Application:

  • Automotive
  • Consumer Electronics
  • Energy
  • Industrial
  • Others

The Automotive Industry dominated the Global Ultracapacitors Market in 2022 and is anticipated to hold the largest share during the upcoming years. Various factors contribute to the automotive industry’s considerable role in increasing the adoption of Ultracapacitors, such as vehicle electrification, technological advancements, etc. The automotive industry is undergoing a profound transformation with a focus on vehicle electrification. The adoption of electric vehicles is on trend due to cost-effectiveness, especially to contain eco-friendly technology. These benefits fuel the adoption of EVs around the globe.

Furthermore, ultracapacitors are able to prolong the life cycle of electric vehicle batteries by reducing stress in lithium-ion batteries & preventing overload. This cost-effective solution provided by the automotive industry further increases its adoption and might raise its demand during the foreseen period.

Global Ultracapacitors Market: Regional Projection

Geographically, the Global Ultracapacitors Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Asia-Pacific dominated the regional market for Ultracapacitors in recent years due to the expansion of the automotive sectors & consumer electronics and fueled sales of the pseudo ultracapacitors. Increasing disposable income of individuals is another prime factor that raises the demand for automotive & electronic devices. The growing industrialization & transportation in the region also proliferates the market's growth across the region.

Moreover, due to new product developments & considerable growth in investments by the government & key players, China is anticipated to emerge as a prominent regional country. Well-established electronics & automotive sectors in the Asia-Pacific region fueling the adoption of novel technologies and increasing adoption of EVs are supporting the Asia-Pacific Ultracapacitors Market.

Global Ultracapacitors Industry Recent Developments

  • 2023: KEMET Corporation announced to release of the World’s first automotive-grade FMU supercapacitor, a 105°C supercapacitor, which is rated for 5.5V operation and long life. The aqueous-based electrolyte system is designated for real-time clock applications in unsuitable or severe conditions.
  • 2023: Skeleton Technologies, announced to launch of the first completely automated supercapacitor production line.

Gain a Competitive Edge with Our Global Ultracapacitors Market Report

  • Global Ultracapacitors Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  • This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • Global Ultracapacitors Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Ultracapacitors Market is expected to grow at a compound annual growth rate (CAGR) of about 7.1% from 2024-30.

   A. The Ultracapacitors Market size was valued at around USD 3.1 billion in 2022.

   A. The surge in the automotive industry & renewable energy to drive the Ultracapacitors Market during 2024-30.

   A. Maxwell Technologies, NEC Corporation, Nantong Jianghai Capacitor Co. Ltd., Cap-Xx Limited, Eaton, LS Mtron Ltd., Panasonic Corporation, KEMET Corporation (YAGEO Group), Skeleton Technologies, and others, are the top companies in the Ultracapacitors Market.

   A. Electric-double Layered Capacitors is the leading segment in the Ultracapacitors Market.

   A. Asia-Pacific would present growth prospects in the Ultracapacitors Market during 2024-30.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  2. Market Segmentation
  3. Executive Summary
  4. Global Ultracapacitors Market Regulations, Norms, and Product Standards
  5. Global Ultracapacitors Market Trends & Developments
  6. Global Ultracapacitors Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Ultracapacitors Market Imports, Exports Statistics
  8. Global Ultracapacitors Market Hotspots & Opportunities
  9. Global Ultracapacitors Market Value Chain & Stakeholder Margin Analysis
  10. Global Ultracapacitors Market Analysis (2019-2030F)
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
        1. Electric-double Layered Capacitors
        2. Pseudocapacitors
        3. Hybrid Capacitors
      2. By Power Type
        1. Less than 10 Volts
        2. 10 Volts to 25 Volts
        3. 25 Volts to 50 Volts
        4. 50 Volts to 100 Volts
        5. Above 100 Volts
      3. By Application
        1. Automotive
        2. Consumer Electronics
        3. Energy
        4. Industrial
        5. Others
      4.  By Company
        1. Revenue Shares
        2. Competition Characteristics
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
  11. North America Ultracapacitors Market Analysis (2019-2030F)
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    4. Canada Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    5. Mexico Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
  12. South America Ultracapacitors Market Analysis (2019-2030F)
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    4. Argentina Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
  13. Europe Ultracapacitors Market Analysis (2019-2030F)
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Application- Market Size & Forecast 2019-2030F, USD Million
      3. By Country
        1. Germany
        2. The UK
        3. France
        4. Spain
        5. Italy
        6. Rest of Europe
    3. Germany Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    4. France Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    5. The UK Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    6. Spain Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    7. Italy Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
  14. The Middle East & Africa Ultracapacitors Market Analysis (2019-2030F)
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
      4. By Country
        1. The UAE
        2. Saudi Arabia
        3. Qatar
        4. Egypt
        5. South Africa
        6. Rest of the Middle East & Africa
    3. The UAE Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    4. Saudi Arabia Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    5. Qatar Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    6. Egypt Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    7. South Africa Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
  15. Asia-Pacific Ultracapacitors Market Analysis (2019-2030F)
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia-Pacific
    3. China Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    4. India Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    5. Japan Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    6. South Korea Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
    7. Australia Ultracapacitors Market Analysis (2019-2030F)
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Power Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
  16. Competitive Benchmarking & Company Profiles
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
      1. Maxwell Technologies
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. NEC Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Nantong Jianghai Capacitor Co. Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Cap-Xx Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Eaton
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. LS Mtron Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Panasonic Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. KEMET Corporation (YAGEO Group)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Skeleton Technologies
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Others
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  17. About Us & Disclaimer


Ultracapacitors Market Segmentation Slide