The global supercapacitor market size is expected to reach $16.95 billion by 2027 from $3.27 billion in 2019, growing at a CAGR of 23.3% from 2020 to 2027. Supercapacitor is a new energy storage technology that is developed heavily in modern times to provide significant industrial and economic advantages. In addition, supercapacitors store energies in their electric field, but in case of batteries chemical compounds are used to store energies. In addition, owing to of their advantage of quick charging and dis charging supercapacitors are expected to enter the battery market.
The prominent factor that drives the supercapacitor market growth such as rise in demand for supercapacitors in automotive applications. There are several qualities, such as long shelf life, high power density, and fast charging function that supercapacitors feasible for automotive applications. In addition, rise in demand for renewable energy systems and favorable government regulations are expected to boost market growth. Long-term rise in worldwide gasoline prices have led governments to lay down regulations, which promote environmentally friendly and fuel-efficient means of transportation. However, high initial costs of materials and low awareness of supercapacitors are anticipated to hamper growth of the market. Moreover, owing to their extended operational life, supercapacitors are widely used in solar and wind energy applications. Moreover, growth in demand for micro supercapacitors is expected to offer lucrative opportunities for growth of the supercapacitor market in the future.
The global supercapacitor market is analyzed by product type, module type, material, application, and region. By product type, it is fragmented into double-layer capacitors, pseudocapacitors, and hybrid capacitors. The pseudocapacitors segment dominated the market in terms of revenue in 2019, and is expected to follow the same trend during the forecast period. By module type, the market is segregated into less than 10 volts modules, 10 volts to 25 volts modules, 25 volts to 50 volts modules, 50 volts to 100 volts modules, and above 100 volts modules. The 10 volts to 25 volts modules segment accounted for the highest market share in 2019, whereas the above 100 volts modules segment is expected to grow at the highest CAGR from 2020 to 2027. By material, the market is classified into activated carbon, carbide derived carbon, carbon aerogel, and others. By application, it is categorized into automotive, industrial, energy, consumer electronics, and aerospace & defense.
By region, the market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific accounted for the highest share in 2019, owing to an increase in automotive business and growth in the electronic sector in China and India have fostered the supercapacitor market growth in recent years. North America was the second largest contributor, in terms of revenue, and is expected to witness significant growth during the forecast period, owing to demand for supercapacitors in large and mid-sized automotive industries has supplemented the growth for supercapacitors.
Competitive analysis and profiles of the major supercapacitor market players, such as AVX Corporation, Panasonic Corporation, Cap-XX Limited, SPEL Technologies Private Limited, Nippon Chemi-Con Corporation, Skeleton Technologies, Ioxus Inc., LS Mtron Ltd., Evans Capacitor Company, and KORCHIP Corporation are provided in this report
KEY MARKET SEGMENTS
By PRODUCT TYPE
By MODULE TYPE
BY MATERIAL
BY APPLICATION
BY REGION
KEY PLAYERS
The prominent factor that drives the supercapacitor market growth such as rise in demand for supercapacitors in automotive applications. There are several qualities, such as long shelf life, high power density, and fast charging function that supercapacitors feasible for automotive applications. In addition, rise in demand for renewable energy systems and favorable government regulations are expected to boost market growth. Long-term rise in worldwide gasoline prices have led governments to lay down regulations, which promote environmentally friendly and fuel-efficient means of transportation. However, high initial costs of materials and low awareness of supercapacitors are anticipated to hamper growth of the market. Moreover, owing to their extended operational life, supercapacitors are widely used in solar and wind energy applications. Moreover, growth in demand for micro supercapacitors is expected to offer lucrative opportunities for growth of the supercapacitor market in the future.
The global supercapacitor market is analyzed by product type, module type, material, application, and region. By product type, it is fragmented into double-layer capacitors, pseudocapacitors, and hybrid capacitors. The pseudocapacitors segment dominated the market in terms of revenue in 2019, and is expected to follow the same trend during the forecast period. By module type, the market is segregated into less than 10 volts modules, 10 volts to 25 volts modules, 25 volts to 50 volts modules, 50 volts to 100 volts modules, and above 100 volts modules. The 10 volts to 25 volts modules segment accounted for the highest market share in 2019, whereas the above 100 volts modules segment is expected to grow at the highest CAGR from 2020 to 2027. By material, the market is classified into activated carbon, carbide derived carbon, carbon aerogel, and others. By application, it is categorized into automotive, industrial, energy, consumer electronics, and aerospace & defense.
By region, the market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific accounted for the highest share in 2019, owing to an increase in automotive business and growth in the electronic sector in China and India have fostered the supercapacitor market growth in recent years. North America was the second largest contributor, in terms of revenue, and is expected to witness significant growth during the forecast period, owing to demand for supercapacitors in large and mid-sized automotive industries has supplemented the growth for supercapacitors.
Competitive analysis and profiles of the major supercapacitor market players, such as AVX Corporation, Panasonic Corporation, Cap-XX Limited, SPEL Technologies Private Limited, Nippon Chemi-Con Corporation, Skeleton Technologies, Ioxus Inc., LS Mtron Ltd., Evans Capacitor Company, and KORCHIP Corporation are provided in this report
KEY MARKET SEGMENTS
By PRODUCT TYPE
- Double-Layer Capacitor
- Pseudocapacitors
- Hybrid Capacitors
By MODULE TYPE
- Less Than 10 Volts Modules
- 10 Volts To 25 Volts Modules
- 25 Volts To 50 Volts Modules
- 50 Volts To 100 Volts Modules
- Above 100 Volts Modules
BY MATERIAL
- Activated carbon
- Carbide derived carbon
- Carbon aerogel
- Others
BY APPLICATION
- Automotive
- Industrial
- Energy
- Consumer Electronics
- Aerospace and Defense
BY REGION
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- AVX Corporation
- Panasonic Corporation
- Cap-XX Limited
- SPEL Technologies Private Limited
- Nippon Chemi-Con Corporation
- Skeleton Technologies
- Ioxus Inc.
- LS Mtron Ltd.
- Evans Capacitor Company
- KORCHIP Corporation
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Supercapacitor Market, by Product Type
Chapter 5: Global Supercapacitor Market, by Module Type
Chapter 6: Global Supercapacitor Market, by Material
Chapter 7: Global Supercapacitor Market, by Application
Chapter 8: Supercapacitor Market, by Region
Chapter 9: Competitive Landscape
Chapter 10: Company Profiles
Companies Mentioned
- AVX Corporation
- Panasonic Corporation
- Cap-XX Limited
- SPEL Technologies Private Limited
- Nippon Chemi-Con Corporation
- Skeleton Technologies
- Ioxus Inc
- LS Mtron Ltd
- Evans Capacitor Company
- KORCHIP Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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