Super capacitor Market

Global Super Capacitor Market Overview:

Super Capacitor Market Size was valued at USD 5.33 Billion in 2023. The Super Capacitor market industry is projected to grow from USD 6.6 Billion in 2024 to USD 36.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 23.90% during the forecast period (2024 - 2032). The rise in demand for a stable power supply for applications such as GPS, laptops, etc., and increased usage of supercapacitors in the hybrid vehicles industry are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Super Capacitor Market Trends

• The developing adoption of electric vehicles is driving the market growth

The rising adoption of electric vehicles drives Market CAGR for supercapacitors. Supercapacitors offer unique advantages in high power density and fast charge/discharge capabilities. These properties make them particularly suitable for applications in electric and hybrid vehicles. Supercapacitors can provide the necessary burst of power during acceleration, enabling faster vehicle performance and improved energy efficiency. They can efficiently store and release energy during regenerative braking, capturing and storing the excess energy generated during deceleration for later use. 

This feature enhances the vehicle's overall energy efficiency and reduces the strain on the battery, thereby extending its life. They can operate effectively in extreme temperatures, offering better performance and reliability than batteries. The ability of supercapacitors to deliver high power output even in cold weather conditions is a significant advantage, as it ensures reliable starting and operation of electric vehicles in diverse climates.

The rising focus on renewable energy sources such as solar and wind increases the need for efficient energy storage solutions to address the intermittent nature of these sources. Supercapacitors offer a promising alternative to batteries for short-term energy storage applications. Supercapacitors provide high power density and fast charge/discharge capabilities, making them ideal for peak shaving, load leveling, and regenerative braking applications. 

They can efficiently handle rapid charge and discharge cycles, crucial for capturing and releasing energy in short bursts. Additionally, supercapacitors have a longer cycle life compared to batteries, reducing the need for frequent replacements and maintenance. The rising adoption of electric and hybrid electric vehicles further drives the demand for energy storage systems.

Another notable trend in the global supercapacitor market is the continuous technological advancements. Researchers and manufacturers are investing in research and development to enhance the performance and capabilities of supercapacitors, aiming to address their limitations and explore new applications. One key area of focus is increasing the energy density of supercapacitors. Traditional supercapacitors have lower energy density than batteries, limiting their use in long-term energy storage applications. However, the advancements in materials, electrode design, and electrolyte formulation have led to new supercapacitor variants with higher energy densities. These high-energy supercapacitors, also known as hybrid capacitors, combine the best features of supercapacitors and batteries, balancing energy and power density. Enhancing the longevity of supercapacitors will reduce replacement costs and increase their economic viability in various applications.

The increasing demand for energy storage systems, driven by renewable energy integration and electric vehicle adoption, presents significant opportunities for supercapacitors. Advancements in supercapacitor technology, focusing on improving energy density and durability, are further enhancing their performance and expanding their potential applications. The growing adoption of supercapacitors in electric vehicles is revolutionizing the automotive sector by providing high-power assistance and improving energy efficiency, driving the Super Capacitor market revenue.

Super Capacitor Market Segment Insights:

Super Capacitor Type Insights

The Super Capacitor Market segmentation, based on type, includes double-layer capacitors, pseudo capacitors, and hybrid capacitors. The double-layer capacitors segment dominated the market. They are based on the principle of electrostatic double-layer capacitance, which occurs at the interface between the electrode and the electrolyte. DLCs have a high energy storage capacity, long cycle life, and rapid charge/discharge capabilities. They are commonly used in various applications that require high power density and quick energy bursts, such as renewable energy systems, automotive electronics, and consumer electronics.

Super Capacitor Material Insights

The Super Capacitor Market segmentation, based on material, includes electrodes, activated carbon, and activated carbon fibers. The activated carbon category generated the most income. It is known for its high surface area, which provides many active sites for electrochemical reactions. They are commonly used in various applications requiring high energy density and lifecycle, such as electric vehicles, renewable energy systems, and consumer electronics.

Super Capacitor Application Insights

The Super Capacitor Market segmentation, based on application, includes cameras and laptops. The cameras category generated the most income. Supercapacitors have gained attention in this application due to their ability to deliver high bursts of power and quick recharging capabilities. In cameras, supercapacitors often provide energy for the flash, autofocus mechanisms, and other power-hungry components. They can quickly charge and discharge, ensuring the camera is ready to capture the perfect shot without significant delays.

Super Capacitor End-User Insights

The Super Capacitor Market segmentation, based on end-user, includes consumer electronics, automotive, and manufacturing. The automotive segment dominated the market. There is a rising need for energy storage solutions that can efficiently handle regenerative braking, start-stop systems, and power delivery for various automotive applications. Supercapacitors excel in these areas due to their high power density, fast charging, and excellent temperature performance. They can capture and store energy during braking and release it quickly during acceleration, improving fuel efficiency and reducing emissions.

Figure 1: Super Capacitor Market by End-User, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Super Capacitor Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Super Capacitor market area will dominate this market due to the presence of advanced technology industries, electric vehicle adoption, and a strong focus on renewable energy sources. In addition, the growing deployment of electric vehicles and government initiatives supporting clean energy solutions further boost the market in this region.

Further, the significant countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Super Capacitor Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe Super Capacitor market accounts for the second-largest market share due to the rising adoption of electric vehicles, stringent environmental regulations, and the integration of renewable energy sources. The automotive sector, in particular, is driving the demand for supercapacitors, as they provide efficient energy storage and regenerative braking capabilities. Further, the German Super Capacitor market held the largest market share, and the UK Super Capacitor market was the rapid-growing market in the European region.

The Asia-Pacific Super Capacitor Market is expected to grow fastest from 2023 to 2032. Due to its growing industrial and manufacturing sector, it is the region's largest supercapacitors consumer. The country's focus on electric vehicles, renewable energy, and smart grid infrastructure fuels the demand for energy storage solutions. Moreover, China’s Super Capacitor market held the largest market share, and the Indian Super Capacitor market was the rapid-growing market in the Asia-Pacific region.

Super Capacitor Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Super Capacitor market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Super Capacitor industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is a critical business tactic manufacturers use in the global Super Capacitor industry to benefit clients and increase the market sector. The Super Capacitor industry has offered some of the most significant medical advantages in recent years. Major players in the Super Capacitor market, including Nesscap Energy Inc. (Canada), locus (US), Vina Technology (South Korea), Maxwell Technologies, Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Panasonic Corporation (Japan), Graphene (UK), Angstron Materials (US), LS Ultracapacitor (South Korea), and others, are attempting to raise market demand by investing in research and development operations.

Skeleton Technologies, founded in 2009, located in Germany, is a European energy storage developer and manufacturer of transportation, grid, automotive and industrial applications. It produces supercapacitors to improve fuel efficiency in the automotive industry. In July 2022, Skeleton Technologies and Siemens announced entering a technology partner to develop, plan, and implement a fully automated, digitalized manufacturing plant to produce supercapacitors in Germany. The collaboration aims to digitize Skeleton's entire value chain, from supercapacitor cell design to production and services, and scale up the next-generation supercapacitors production.

Cornell Dubilier, founded in 1909, and located in the United States, is a condenser company. Its products include aluminum electrolytic capacitors, aluminum polymer capacitors, film and paper-film capacitors, mica capacitors, and supercapacitors. In December 2021, Cornell Dubilier announced that its subsidiary, CD Snow Hill, LLC, has acquired the capacitor-producing assets of NWL, Inc. possessing more outstanding capabilities in custom high-voltage film capacitors for pulsed power and power conversion applications, the company is poised to spread its solutions for industrial, military, and medical customers.

Key Companies in the Super Capacitor market include

• Nesscap Energy Inc. (Canada)

• loxus (US)

• Vina Technology (South Korea)

• Maxwell Technologies, Inc. (US)

• Murata Manufacturing Co., Ltd. (Japan)

• Panasonic Corporation (Japan)

• Graphene (UK)

• Angstron Materials (U.S.)

• LS Ultracapacitor (South Korea)

Super Capacitor Industry Developments

In February 2023, the first automotive-qualified supercapacitors were launched by AVX Corporation, also known as cylindrical, electrochemical double-layer capacitors.

August 2022, Kyocera AXA introduced a range of pouch-style supercapacitors for current surge batteries reduction. These capacitors can serve as backup power devices independently and replace batteries in certain cases or they can be combined with primary or secondary batteries.

May 2022, CAP-XX Limited formed a joint venture with Iconic Industries that is developing new forms of graphene for multiple application areas, including reduced graphene oxide (rGO) for supercapacitors and other energy storage devices commercialization. For the joint venture, CAP-XX will fabricate and sell rGO-enabled supercapacitors and energy storage devices under its own brand name.

In September 2022, Godi India announced the development of supercapacitors to improve battery life in EVs. The company has been the first to produce high-power 3000F (farads) supercapacitors at Hyderabad plant. Additionally, it plans to construct a production facility with another 200 kWh of supercaps capacity within the next two years which will allow them to satisfy different local demands and export markets.

In July 2022, Skeleton Technologies and Siemens announced entering a technology partner to develop, plan, and implement a fully automated, digitalized manufacturing plant to produce supercapacitors in Germany. The collaboration aims at digitizing Skeleton's entire value chain from designing cells of SC up to provision such services as scale up production of new generation SC.

In October 2021, Nippon Chemi-Con developed DLCAPTM modules optimal for backup power supplies in emergencies like power outages. These products are meant for use in industrial machinery.

In January 2021, a memorandum of understanding was signed between Ingetam and the UK's National Grid for building a supercapacitor storage system within the country's network.

In July 2020, Kemet Corporation (Yageo Corporation) announced the release of the C44U-M, C44P-R, and R75H family of metalized polypropylene dielectric film capacitors.

The Tokyo Electric Power (TEPCO), Japan's biggest electricity company, had anticipated to have 29 million smart meters by 2020 while 80 million units are likely to be deployed across the country by 2024 eight years earlier than planned.

Super Capacitor Market Segmentation:

Super Capacitor Type Outlook

• Double Layer Capacitor

• Pseudo Capacitor

• Hybrid Capacitor

Super Capacitor Material Outlook

• Electrode

• Activated Carbon

• Activated Carbon Fibers

Super Capacitor Application Outlook

• Camera

• Laptop

Super Capacitor End-User Outlook

• Consumer Electronics

• Automotive

• Manufacturing

Super Capacitor Regional Outlook

• North America

• US

• Canada

• Europe

• Germany

• France

• UK

• Italy

• Spain

• Rest of Europe

• Asia-Pacific

• China

• Japan

• India

• Australia

• South Korea

• Australia

• Rest of Asia-Pacific

• Rest of the World

• Middle East

• Africa

• Latin America

Super Capacitor Market Segmentation

Super Capacitor Type Outlook (USD Billion, 2018-2032)

• Double Layer Capacitor

• Pseudo Capacitor

• Hybrid Capacitor

Super Capacitor Material Outlook (USD Billion, 2018-2032)

• Electrodes

• Activated Carbon

• Activated Carbon Fibers

Super Capacitor Application Outlook (USD Billion, 2018-2032)

• Camera

• Laptop

Super Capacitor End-Use Industry Outlook (USD Billion, 2018-2032)

• Consumer Electronics

• Automotive

• Manufacturing

Super Capacitor Regional Outlook (USD Billion, 2018-2032)

• North America Outlook (USD Billion, 2018-2032)

  • North America Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • North America Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • North America Super Capacitor by Application

    • Camera

    • Laptop

  • North America Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • US Outlook (USD Billion, 2018-2032)

  • US Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • US Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • US Super Capacitor by Application

    • Camera

    • Laptop

  • US Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • CANADA Outlook (USD Billion, 2018-2032)

  • CANADA Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • CANADA Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • CANADA Super Capacitor by Application

    • Camera

    • Laptop

  • CANADA Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

• Europe Outlook (USD Billion, 2018-2032)

  • Europe Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • Europe Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • Europe Super Capacitor by Application

    • Camera

    • Laptop

  • Europe Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • Germany Outlook (USD Billion, 2018-2032)

  • Germany Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • Germany Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • Germany Super Capacitor by Application

    • Camera

    • Laptop

  • Germany Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • France Outlook (USD Billion, 2018-2032)

  • France Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • France Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • France Super Capacitor by Application

    • Camera

    • Laptop

  • France Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • UK Outlook (USD Billion, 2018-2032)

  • UK Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • UK Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • UK Super Capacitor by Application

    • Camera

    • Laptop

  • UK Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • ITALY Outlook (USD Billion, 2018-2032)

  • ITALY Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • ITALY Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • ITALY Super Capacitor by Application

    • Camera

    • Laptop

  • ITALY Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • SPAIN Outlook (USD Billion, 2018-2032)

  • Spain Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • Spain Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • Spain Super Capacitor by Application

    • Camera

    • Laptop

  • Spain Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • Rest Of Europe Outlook (USD Billion, 2018-2032)

  • Rest Of Europe Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • REST OF EUROPE Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • Rest Of Europe Super Capacitor by Application

    • Camera

    • Laptop

  • Rest Of Europe Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

• Asia-Pacific Outlook (USD Billion, 2018-2032)

  • Asia-Pacific Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • Asia-Pacific Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • Asia-Pacific Super Capacitor by Application

    • Camera

    • Laptop

  • Asia-Pacific Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • China Outlook (USD Billion, 2018-2032)

  • China Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • China Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • China Super Capacitor by Application

    • Camera

    • Laptop

  • China Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • Japan Outlook (USD Billion, 2018-2032)

  • Japan Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • Japan Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • Japan Super Capacitor by Application

    • Camera

    • Laptop

  • Japan Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • India Outlook (USD Billion, 2018-2032)

  • India Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • India Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • India Super Capacitor by Application

    • Camera

    • Laptop

  • India Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • Australia Outlook (USD Billion, 2018-2032)

  • Australia Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • Australia Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • Australia Super Capacitor by Application

    • Camera

    • Laptop

  • Australia Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)

  • Rest of Asia-Pacific Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • Rest of Asia-Pacific Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • Rest of Asia-Pacific Super Capacitor by Application

    • Camera

    • Laptop

  • Rest of Asia-Pacific Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

• Rest of the World Outlook (USD Billion, 2018-2032)

  • Rest of the World Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • Rest of the World Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • Rest of the World Super Capacitor by Application

    • Camera

    • Laptop

  • Rest of the World Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • Middle East Outlook (USD Billion, 2018-2032)

  • Middle East Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • Middle East Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • Middle East Super Capacitor by Application

    • Camera

    • Laptop

  • Middle East Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • Africa Outlook (USD Billion, 2018-2032)

  • Africa Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • Africa Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • Africa Super Capacitor by Application

    • Camera

    • Laptop

  • Africa Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing

  • Latin America Outlook (USD Billion, 2018-2032)

  • Latin America Super Capacitor by Type

    • Double Layer Capacitor

    • Pseudo Capacitor

    • Hybrid Capacitor

  • Latin America Super Capacitor by Material

    • Electrodes

    • Activated Carbon

    • Activated Carbon Fibers

  • Latin America Super Capacitor by Application

    • Camera

    • Laptop

  • Latin America Super Capacitor by End-Use Industry

    • Consumer Electronics

    • Automotive

    • Manufacturing