Supercapacitors: Global Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

Supercapacitors are machines that can store and discharge energy. They have a high capacitance value that ranges from microfarads to kilofarads, which distinguishes them. Other supercapacitors with polymeric or metal oxide electrodes in asymmetric designs or hybrid devices are commercially available, despite the fact that the most common variety is based on carbon electrodes.

Market Insights

Most of the supercapacitor production facilities were forced to close because to an increase in COVID-19 cases. Supercapacitors are in short supply worldwide, and producers are frantically looking for substitutes. The COVID-19 epidemic has seriously impacted the supply chain. technology sales were already seeing higher-than-average demand due to consumers’ use of technology while at home. Although the delivery times for supercapacitors will expand from 14 weeks to up to 25 weeks as a result of these manufacturing hiccups, manufacturers will still be under additional pressure. Price rises of up to 40% have also been recorded for high-tech versions.

By 2030, the market for supercapacitors is anticipated to cross $10 billion mark, with a compound annual growth rate (CAGR) of 13.87% from 2023 to 2030. The market is expanding as a result of rising demand for microgrids and renewable energy sources, rising electric vehicle manufacturing, expanding commercial and industrial electronics, and rising industrial applications.

The supercapacitor market is currently dominated by the Asia-Pacific region. The Asia-Pacific supercapacitor market accounts for about 55% of all global sales. The Asia-Pacific region’s industrial growth is largely to blame for this. In 2022, the North American supercapacitor market was the second-largest market globally. This is a result of the expansion of microgrid facilities in the area as well as booming automotive and consumer electronics markets.

Three different forms of supercapacitors are taken into account by the worldwide supercapacitors market: hybrid capacitors, pseudocapacitors, and double layer capacitors. The pseudocapacitor has a comparatively high energy density because of its special structure. In the same electrode area, the pseudocapacitor’s capacity is 10 or 100 times more than that of traditional double layer capacitors. While some of its characteristics are marginally improved, others are comparable to those of double layer capacitors. The hybrid supercapacitor has a higher operating voltage and energy density, with a capacitance that is two to three times more than symmetrical double layer capacitors with carbon electrodes. It has a higher power density that makes it suitable for producing a strong pulse. For usage as rechargeable stand-alone power sources, double layer capacitors and pseudocapacitors with quick charging times and high efficiency are appropriate. Hybrid supercapacitors are less common than pseudo and double layer capacitors, despite taking longer to charge and having a lower cycle life.

Market Dynamics: Drivers

Growing Interest in Electric Vehicles

Currently, customers have a wide range of options for getting around and getting to work. Vehicles with conventional IC engines, hybrid electric vehicles, plug-in hybrid electric vehicles, pure electric vehicles, hydrogen-powered vehicles, and fuel cell-powered vehicles are only a few of the significant alternatives. However, each option has benefits and drawbacks in terms of tax incentives, consumption patterns, emission standards, and ownership costs.

Over time, there has been an increase in demand for hybrid automobiles. This is mostly related to the requirement for lower emissions and lower fossil fuel consumption. The majority of the essential parts in hybrid vehicles have also become less expensive over time. The demand for hybrid electric vehicles has increased as a result of the introduction of 48V and plug-in hybrid electric vehicles. A few factors influencing demand for hybrid electric cars include increased cost-effectiveness, the advantages of twin engines, higher fuel efficiency of 10% to 20% for mild hybrids and PHEVs and 25% to 40% for full hybrids and PHEVs. Leading regional markets for hybrid electric vehicles include China, Japan, and the U.S. There has been a rising wave in the adoption of pure electric vehicles, backed by the policies and incentives framed to support them.

Market Dynamics: Challenges

Limited Use of Supercapacitors as Long-Term Energy Storage Solutions

Supercapacitors are useless for storing energy for a long time. Compared to lithium-ion batteries, supercapacitors discharge energy far more quickly. Self-discharge might thus result in their losing up to 10%–20% of their charge each day. The voltage output of supercapacitors declines linearly with charge, in contrast to batteries, which produce essentially constant voltage output until they are completely exhausted. Supercapacitors are therefore unreliable for applications requiring constant energy delivery over a long time. This is a crucial limitation in situations where long-term energy storage is necessary, especially in energy applications where microgrid functionality depends on long-term storage.

Market Segmentation

• Based on Type, the Global Supercapacitors market is segmented into
  • Double layer capacitors
  • Hybrid capacitors
  • Pseudocapacitors
• Based on Electrode Material, the Global Supercapacitors market is segmented into
  • Carbon
  • Conducting polymers
  • Composites
  • Metal oxide
• Based on End Use, the Global Supercapacitors market is segmented into
  • Industrial
  • Consumer Electronics
  • Microgrid
  • Medical
  • Automotive
  • Aerospace
  • Others
• Based on Geography, the Global Supercapacitors market is segmented into
  • Asia-Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

• All market revenue has been given in US Dollar.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global Supercapacitors Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Global Supercapacitors Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Global Supercapacitors Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during Global Supercapacitors Market study?