The global supercapacitors market is valued at $887 Mn in 2023, and it is poised to rise at a CAGR of 13.5 percent to $1869.05 Mn by 2030.
A supercapacitor, sometimes known as an ultracapacitor, is an electronic device that can store a lot of electrical charge. It is made up of two metal plates coated with porous activated carbon and immersed in an electrolyte containing positive and negative ions dissolved in a solvent. Ions from the electrolyte collect on the surface of each carbon-coated plate while it is being charged, storing energy created between the particles. The supercapacitor is a new energy storage device that can provide more power density than batteries and more energy density than ordinary capacitors. Concerns about power loss in traditional batteries have also been highlighted in a number of countries. Furthermore, the zero-emission shift trend is allowing automakers to invest in hybrid and electric vehicles. This presents a big opportunity for supercapacitors, as vehicle electrification is expected to drive much of the demand for supercapacitors.
Supercapacitors are suitable for automotive applications due to various characteristics such as long shelf life, high power density, and fast charging. Furthermore, the market is ought to develop due to rising demand for renewable energy systems and favorable government policies. Governments have enacted legislation to promote ecologically friendly and fuel-efficient modes of transportation as a result of the long-term increase in global gasoline costs.
Due to the COVID-19 outbreak, several industrial units around the world have halted operations. The shutdown of factories globally delayed the orders for supercapacitors which resulted in decline in production of original equipment manufacturers in the automotive and consumer electronics industries. This in turn caused a short slowdown in supercapacitor market growth in 2020.
During the forecast period, the hybrid capacitors section is estimated to increase at high rate. In consumer electronics, hybrid capacitors can be found in mobile phones, computers, wearable devices, LED flashlights, thermal printers, barcode scanners, and GPS chips. The production of these capacitors needs huge investments and R&D. Maximum number of hybrid capacitor manufacturers are encountering a shortage of raw materials as well as financial backing to continue manufacturing hybrid capacitors as a result of the advent of COVID-19. In FY20, this is likely to have a negative impact on the hybrid capacitors section of the supercapacitor market.
In 2020, the electric double-layered capacitors sector held the biggest proportion of the supercapacitor market. Electric double-layered capacitors are being used as an alternative to regular batteries. They excel in any application that requires a continuous supply of energy for a short period of time. In consumer electronics applications such as smart phones, Personal Computers, laptops, and flip phones, electric double-layered capacitors are replacing traditional batteries. The automotive sector is estimated to be the highest growing sector in forecast period. In the supercapacitor sector, railways and hybrid buses play a key role. With the increased deployment of metro trains in metropolitan areas, safety, efficiency, energy conservation, power quality, and freight wagon tracks are becoming more important. As a result, demand for supercapacitors in trains is increasing. In the automotive sector, supercapacitors are used for power recovery and dynamic brake energy storage, among other things.
In 2020, the Asia Pacific supercapacitor market is estimated to account for nearly half of all supercapacitor sales. The market statistics are being fueled by the increasing use of major efforts in Asian countries such as China, India, and Japan to stimulate the building of clean energy power plants In December 2020, China Engineering Group announced a $3.63 billion investment with the Erdos City Government in the building of an integrated energy base. The government plans to construct an 8-gigawatt (GW) coal-fired power plant, a 1-gigawatt (GW) wind energy base, and a 5-gigawatt (GW) solar energy base in the region.
The key market players in the supercapacitor market are Tesla , Nippon Chemi-Con , CAP-XX , LS Mtron , and Panasonic (Japan).KYOCERA AVX Components Corporation, Eaton, Evans Capacitor, and Loxus Inc.
Electrostatic Double-Layer Capacitor (EDLC)
Pseudo Capacitor
Hybrid Capacitor
Carbon-based Electrodes
Metal-oxide Based Electrodes
Conducting Polymer Based Electrodes
Composite Based Electrodes
Others
Automotive/Transportation
Bus and Truck
Rail and Tram
Heavy Vehicles
Hybrid Cars
Others
Energy
Industrial
Consumer Electronics
Defense and Aerospace
Medical
Others
Less than 10V Module
10.1V- 25V Module
25.1V- 50V Module
50.1V-100V Module
Above 100V Module
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