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Supercapacitors - Global Market Trajectory & Analytics

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    Report

  • 361 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4806315

Global Supercapacitors Market to Reach $3.4 Billion by 2024


Supercapacitors, also known as Ultracapacitors are gaining in prominence as an attractive alternate technology capable of overthrowing the shortfalls and performance gap of conventional batteries. Years of refining technology innovation have helped supercapacitors progress steadily towards achieving successful commercialization in key end-use industries, such as, energy, automobiles, medical devices and consumer electronics. This alternative energy storage technology which was hitherto bogged down by a high cost structure and complexities in manufacturing, today stands at the vanguard of an era of practical usage. Benefits of supercapacitors include ability to balance lower energy storage capacity with faster charge and discharge times; wider-ranging operating temperatures (-40F to +150F); offers high capacitance (From 1 mF to >10,000F); longer service and long life (approximately 10 to 15 years as compared to 5-10 years of Li-ion battery); unlimited cycle life; eco-friendly and ability to meet environmental standards; rapid charging rate within a few seconds; easy installation and interfacing with other devices. Although continuous technology innovations are helping increase the safety and capability of supercapacitors, the technology is not expected to completely replace batteries which still continue to have cost and size advantages. Lithium ion batteries have higher energy densities over 20 times higher when compared to a superconductor and are capable of storing 30 times more energy than their weight. In comparison, supercapacitors have very high power density which means energy can be released rapidly in powerful bursts and can be charged quickly. Combining both the technologies into a hybrid technology is gaining in prominence.
A hybrid supercapacitor/battery configuration is considered to be an ideal solution for applications with high power demands, as they benefit from both high power density feature of supercapacitors and superior energy storage capability of battery. Supercapacitors will remain a supplementary technology to batteries and engines that run on fuels in most applications. For example are electric vehicles that need short bursts of power for acceleration. Although standalone use of supercapacitors in automobiles is still not a widespread practice, the numerous advantages offered, such as, its ecological benignity, higher energy conservation through efficient exploitation of existing power sources, superior conductivity, and physical and chemical stability, among others, promise a robust future in store. Nevertheless, complete replacement will be seen in certain applications such as offshore wind turbines, where the technology is aptly suited for providing short bursts of power needed to adjust turbine blades in changing wind conditions; and hybrid buses where supercapacitors can completely replace batteries given their ability to quickly capture energy from regenerative braking systems and discharge the power for ignition. In the energy industry, renewable energy sources are especially characterized by variable power supply (peaks and ebbs), requiring the use of supercapacitors, which flaunt superior power density, and the ability to facilitate load leveling of power, thereby ensuring stable supply of power.

The technology`s quick response time makes them highly desirable for static condenser (STATCON), and dynamic voltage regulator (DVR) applications, since power can be rapidly absorbed or injected to help reduce voltage fluctuations. Strong potential lies in store for the use of supercapacitors in renewable energy production, given the indelible mark being made by renewable energy across the globe, and ensuing spotlight being shed on environment friendly energy storage technologies. The unmet energy storage needs opens up opportunities for alternative energy storage solutions such as flywheels, fuel cell and superconducting magnetic energy storage (SMES) in addition to supercapacitors. Supercapacitors especially as efficient energy storage technology aims to replace the battery technology in the long term.

Amid the COVID-19 crisis, the global market for Supercapacitors is projected to reach US$3.4 Billion by 2024, registering a compounded annual growth rate (CAGR) of 19.3% over the analysis period. China represents the largest regional market for Supercapacitors, accounting for an estimated 22.6% share of the global total. The market is projected to reach US$1.2 Billion by the end of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 24.2% over the analysis period.

Select Competitors (Total 57 Featured):

  • AVX Corp.
  • CAP-XX Limited
  • Eaton Corporation plc
  • ELNA CO., LTD.
  • Loxus Inc.
  • KORCHIP Corporation
  • Maxwell Technologies Inc.
  • Nippon Chemi-Con Corporation
  • Panasonic Corporation
  • Seiko Instruments Inc.
  • Shanghai Aowei Technology Development Co. Ltd.
  • SHENZHEN TOPMAY ELECTRONIC CO., LTD.
  • TOKIN Corporation.

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Search for Efficient Energy Storage Solutions Beyond the Conventional Battery Brings Supercapacitors into the Spotlight
  • Energy Storage Technologies are Vital & Indispensable in Sustaining a Civilization Founded on the Consumption of Large Quantities of Energy: Global Energy Storage Deployments (In Gigawatt Hours) for the Years 2018, 2020, 2022, 2024
  • Vendors of Supercapacitors, News & Stories
  • Recent Industry Activity
  • Supercapacitors - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 57 Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Importance of Backup Power Drives Demand for Supercapacitors in UPS
  • Lost Economic Value Due to Power Outages Pushes Up the Monetary Value of Electricity Reliability & the Significance of Supercapacitors in Offering Backup Power: Value Lost Due to Electrical Outages as a % of Sales of Affected Firms
  • Growing Demand for Electric Power Backup Capabilities Drives Interest in the Benefits Offered by Supercapacitors: Global Back-Up Power Market (In US$ Billion) for the Years 2018, 2020, 2022, 2024, and 2026
  • Automobile "Electronification”& Push Towards Commercializing EVs & HEVs Drive Focus on Supercapacitors
  • Rapid Commercialization of EVs as Evidenced by the Expanding Fleet Size Drives Focus on Developing Better Energy Management Solutions to Increase Energy Efficiency & Operating Range of EVs: Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018, 2020 and 2022
  • Rise of Microgrids & Increased Integration of Renewable Energy in the Energy Mix Pushes Up the Importance of Efficient Energy Storage Solutions
  • Supercapacitors Find Use as Resiliency Enhancers in Microgrids
  • Growing Share of Renewable Energy in the Global Power Mix Creates an Urgent Need for Efficient Energy Storage Solutions for Utilities: New Capacity Installations Renewables Vs Non-Renewables (In GW) for the Years 2011, 2013, 2015, 2017, 2019, and 2021
  • Development of Newer Materials to Accelerate Commercialization of Supercapacitors
  • Hybridization of Combustion Engines in Heavy Industrial Machinery & Industrial Automation to Spur Adoption of Supercapacitors
  • Growing Investments in Warehouse & Industrial Automation Brings Supercapacitors into the Spotlight for Reliable Power Storage & Delivery: Global Warehouse Automation & Industrial Robots Market (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
  • Rising Renewable Energy Investments Drive Parallel Demand for Storage Solutions that Address Grid Stability & Power Quality Issues
  • Supercapacitors Step In to Replace Chemical Batteries in Solar Energy Infrastructure
  • Supercapacitors Gain Traction in Pitch Control Applications in Wind Energy Facilities
  • As Clean Technologies Emerge to the Forefront, Electric Double-Layer Capacitors (EDLCs) Will Rise in Prominence for Renewable Energy Applications: Global Investments in Clean Energy (In US$ Billion) for the Years 2014, 2016, 2018 & 2020
  • A Robust Consumer Electronics Industry Favors Complementary Integration of Supercapacitors With Batteries
  • Rising Demand for Consumer Electronics amid Expanding Internet User Base & Consumer Appetite for Digital Media Spells Opportunities
  • Smart Home: Major Opportunity for Consumer Grade Supercapacitors
  • As Digital Consumerism Gains Ground & Ubiquitous Power Source Become All Important, Supercapacitors Bring the Hope of Filling-In the Performance Gap of Lithium Batteries: Global Consumer Electronics Market (In US$ Billion) for the Years 2018 Through 2024
  • Search for Superior Alternatives to Batteries Drives Applications of Supercapacitors in Medical Implants
  • Biological Supercapacitors Attract Significant R&D Interest
  • A Strong Medical Implants Market Supported by Growing Disease Burden Offers a Fertile Environment for the Development of Battery-Free Implantables: Global Medical Implant Market by Region (In US$ Billion) for the Years 2016, 2020 and 2023
  • The Rise of Electronic Wearables Brings New Foldable, Flexible Supercapacitors Into the Spotlight
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Supercapacitors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 66

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AVX Corp.
  • CAP-XX Limited
  • Eaton Corporation plc
  • ELNA CO., LTD.
  • Loxus Inc.
  • KORCHIP Corporation
  • Maxwell Technologies Inc.
  • Nippon Chemi-Con Corporation
  • Panasonic Corporation
  • Seiko Instruments Inc.
  • Shanghai Aowei Technology Development Co. Ltd.
  • SHENZHEN TOPMAY ELECTRONIC CO., LTD.
  • TOKIN Corporation.