"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 2019 to 2027, starting from 2018 with a market value of US$ 420.2 Mn. The supercapacitors are defined as the devices, which store electrochemical energy, discharge it by reversible adsorption, and desorption of ions during the interface between electrolytes and electrode materials. The 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.
Market Synopsis
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"Double Layer Capacitors in its Product Type Segment Continue Dominating the Market"
In 2018, 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.
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"North America Dominates the Market by Region"
Supercapacitors market was led by North America, which held a market share of around 30% in 2018. 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 the 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.
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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 research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The supercapacitors market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global supercapacitors market based on product type, end-user, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
Product Type Segment (2017–2027; US$ Mn)
• Hybrid Capacitors
• Double Layer Capacitors
• Pseudo Capacitors
• Others
|
|
End-User Segment (2017–2027; US$ Mn)
• Consumer Electronics
• Utilities
• Healthcare
• Aerospace and Defense
• Automotive/Transportation
• Other End Users
|
|
Geography Segment (2017–2027; US$ Mn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East &Africa, Latin America)
|
Key questions answered in this report
- What was the market size of supercapacitors in 2018 and forecast up to 2027?
- Which is the largest regional market for double layer capacitors segment in end-user?
- What are the major trends followed in supercapacitors market across different regions?
- Who are the key supercapacitors companies leading the market?
- What are the key strategies adopted by the leading supercapacitors companies in market?
Unique data points of this report
- Statistics on supercapacitors penetration worldwide
- Recent trends across different regions in terms of adoption of supercapacitors for various end-user industries
- Notable developments going on in supercapacitors market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
