March 28, 2020

Supercapacitors Market | Growing with a CAGR of 17.1 % | Know the Target Size, Trends and Opportunities

The overall supercapacitors market worldwide was valued at US$ 420.2 Mn in 2018 and is projected to grow with a CAGR of 17.1 % during the forecast period. 

Market Insights

The global market for supercapacitors is strongly driven by environmental regulations in regions such as Europe, Asia Pacific and North America. Second, declining supercapacitors prices are also a major driver of market growth. In addition, the supercapacitors have a longer life cycle compared to batteries that also contribute to the growth of the market. Continued advancements in the electronics sector are expected to ensure robust growth in the supercapacitors market over the forecast period.

The increasing demand for high-performance and energy-saving supercapacitors for various sectors, such as the automotive and consumer sectors, the increasing demand for additional capabilities and the high implementation of supercapacitors solutions across different sectors are also contributing to the growth of the market. However, the demand for high costs for initial technological development and technical integration and competition with high-capacity battery suppliers hinders the growth of the market.

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Based on end-user, the supercapacitors market has been segmented as consumer electronics, utilities, healthcare, aerospace and defense, automotive/transportation, others. The consumer electronics holds the largest market share of more than 30% in the end-user segment due to continually increasing consumption of various devices such as laptop computers, GPS devices and portable media players among others. On the other hand, the utilities are expected to be the fastest-growing segment in the upcoming years. 

Asia-Pacific is expected to be the fastest-growing region due to the increasing demand for consumer electronics, automotive and other industries that require supercapacitors. Moreover, China is the largest country in the production of electric vehicles, which further contributes to the growth of the market. In addition, demand for products and devices such as mobile devices, laptops, tablets and also contributes to the growth of the market.

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.

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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

  • 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? 

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David Brown

David Brown

Experienced Market Research Analyst with a demonstrated history of working in the market research industry. Skilled in Secondary Market Research, Primary Market Research, Client Interfacing. - Identify, collect and organize data for use in research projects - Provide fundamental analysis for research projects - Review data to ensure its quality and integrity - Market estimates and forecast based on homegrown forecasting models - Identifying potential titles for syndicated research projects - Analyzing, estimating and forecasting various industry/market using various analysis tools and forecasting models - Conducting secondary research - Company profiling and analyzing competitive landscape - Report writing And Quality check

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