Supercapacitors Market Highlights 2020-2029
The supercapacitors market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. The increasing demand in energy storage system applications, including solar PV panels and solar lightings, and the rising use of supercapacitors in aircraft and trains are expected to drive the supercapacitors market growth during the forecast period. These supercapacitors are majorly used in the energy and automobile segment. The rising demand for sustainable development and minimizing emissions in energy storage is also driving the market growth. Furthermore, the increasing demand for electric vehicles is likely to fuel the growth of the market in the forecast period. According to the International Energy Agency, in 2020, electric cars' global sales reached up to 4.9 million, compared to 1.93 million in the year 2017.
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Based on type, the hybrid supercapacitors segment is anticipated to capture the major market share among the other types owing to its significant uses in wearable devices, mobile phones, laptops, barcode scanners, LED flashlights, thermal printers, and GPS chips.
The market is segmented on industrial, medical, automotive, energy, consumer electronics, aerospace, and defense. The automobile segment is expected to capture the major market share in the forecast period owing to key applications, including dynamic brake energy storage and power recuperation.
Supercapacitors Market Regional Synopsis
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific market is predicted to grow at the highest CAGR over the forecast period owing to the rapid infrastructure and industrialization development are driving the growth of automotive and consumer electronics industries in Japan, China and India, thereby leading to an increased demand for supercapacitors. The market in North America is the second largest market in terms of revenue and is also estimated to grow with a significant growth rate over the forecast period owing to demand for supercapacitors in mid-sized and large automotive industries. In the year 2018, the total number of vehicles manufactured is more than 95 million. India, China, and Japan alone constituted 42,713,279, which constituted 44.66% of global production.
The global supercapacitors market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global supercapacitors market includes the following segments:
By Product Type
- Pseudocapacitors
- Electric Double-layered Capacitors (EDLCs)
- Hybrid Capacitors
By Applications
- Industrial
- Medical
- Automotive
- Energy
- Consumer Electronics
- Aerospace and Defense
Growth Drivers
- Growing awareness in sustainable development and emission free energy storage
- Rise in demand of electric vehicles
Challenges
- High initial costs of material
- Low awareness about supercapacitors
Top Featured Companies Dominating the Market
- Nippon Chemi-Con Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Skeleton Technologies
- Ioxus Inc.
- LS Mtron Ltd.
- AVX Corporation
- Panasonic Corporation
- Cap-XX Limited
- SPEL Technologies Private Limited
- Evans Capacitor Company
- KORCHIP Corporation
