Ultracapacitor Market
PUBLISHED: 2024 ID: SMRC25279
SHARE
SHARE

Ultracapacitor Market

Ultracapacitor Market Forecasts to 2030 - Global Analysis By Type (Faraday Capacity, Double Layered Capacitors, Pseudocapacitors, Hybrid Capacitors and Other Types), Material, Power, End User and By Geography

4.9 (41 reviews)
4.9 (41 reviews)
Published: 2024 ID: SMRC25279

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Ultracapacitor Market is accounted for $2.3 billion in 2023 and is expected to reach $7.1 billion by 2030 growing at a CAGR of 17.3% during the forecast period. Ultracapacitors, also known as supercapacitors or electric double-layer capacitors (EDLCs), are energy storage devices that store electrical energy through the electrostatic separation of charge. The basic structure of an ultracapacitor typically consists of two electrodes immersed in an electrolyte solution, separated by an insulating material. The electrodes are usually made of a high-surface-area material, such as activated carbon, to maximize the surface area available for charge storage. These devices find applications in various fields, such as electric vehicles, renewable energy systems, consumer electronics, and other applications where high power delivery and fast charge/discharge cycles are crucial.

According to BizVibe's analysis, China's manufacturing output in the consumer electronics sector accounts for over a third of the global production. Research conducted by the European Council reveals that between 2012 and 2017, China's share of worldwide production in this industry increased from 36% to 38%. This growth significantly outpaced other major electronics manufacturing regions, including North America (15%), Europe (14%), and Japan (12%). 

Market Dynamics: 

Driver: 

Surge in the automotive industry

The automotive industry is experiencing a significant surge in the adoption of ultracapacitors, signaling a paradigm shift in energy storage solutions. Ultracapacitors offer rapid charging and discharging capabilities, addressing the growing demand for efficient and sustainable energy storage in electric vehicles. With advancements in technology and a focus on environmental sustainability, automakers are increasingly integrating ultracapacitors to enhance vehicle performance, reduce emissions, and meet stringent regulatory standards. 

Restraint:

Low awareness regarding ultracapacitor technology

Ultracapacitor technology faces a challenge in the market due to low awareness. Increased efforts in education and outreach are essential to elevate understanding and drive broader acceptance of this promising technology in energy storage solutions. Despite its potential to revolutionize energy storage with rapid charge/discharge capabilities, the lack of widespread knowledge hampers its adoption. This limited awareness among consumers and industries inhibits the realization of ultracapacitors benefits, hindering market growth. 

Opportunity:

Increase in need for renewable energy solutions

The market is experiencing a surge in demand for renewable energy solutions, driven by the global shift towards sustainable and eco-friendly technologies. As the need for clean energy sources intensifies, they emerge as a pivotal component, offering high power density and efficient energy storage. This escalating demand underscores the crucial role ultracapacitors play in advancing the integration of renewable energy solutions across various industries.

Threat:

High development cost

The market faces significant challenges due to high development costs, impeding widespread adoption. The intricate manufacturing processes, specialized materials, and rigorous testing contribute to elevated expenses. Research and development investments are essential to enhance performance, energy density, and overall efficiency, further intensifying cost pressures. Overcoming these financial barriers is crucial for realizing the full potential of 

Covid-19 Impact: 

The COVID-19 pandemic has impacted the market by disrupting global supply chains, causing delays in production, and affecting demand due to economic uncertainties. With industries facing operational challenges and financial constraints, the adoption of ultracapacitor technology for energy storage solutions may experience slower growth. However, the growing emphasis on renewable energy and electric vehicles could drive recovery as the global economy stabilizes, fostering renewed interest in efficient energy storage solutions like ultracapacitors.

The faraday capacity segment is expected to be the largest during the forecast period

The faraday capacity segment is expected to be the largest during the forecast period. These high-performance devices exhibit superior faraday efficiency, enabling rapid energy storage and release. As the demand for energy storage solutions grows, the Faraday capacity of ultracapacitors continues to drive innovation and market expansion, offering a sustainable and efficient alternative to traditional energy storage technologies.

The polymer separators segment is expected to have the highest CAGR during the forecast period

The polymer separators segment is expected to have the highest CAGR during the forecast period owing to increasing demand for energy storage solutions in various industries. These separators, made of advanced polymers, enhance the performance and reliability of ultracapacitors, offering improved efficiency and longer lifespan. As the push for renewable energy sources intensifies, the market is expected to further expand. 

Region with largest share:

North America is projected to hold the largest market share during the forecast period. The region's focus on renewable energy and electric vehicles further propels the market, with ultracapacitors providing efficient and high-power energy storage. Technological advancements, government initiatives, and a growing emphasis on sustainable practices contribute to the market's expansion. Key players are actively investing in research and development to enhance product capabilities, fostering a competitive landscape in the market.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period due to increasing demand for energy storage solutions in various industries. The rising adoption of electric vehicles, renewable energy sources, and smart grid systems is fueling the demand for ultracapacitors. Countries like China, Japan, and South Korea are at the forefront of this market expansion, with a focus on technological advancements and sustainable energy initiatives.

Key players in the market

Some of the key players in Ultracapacitor market include Panasonic Corporation, Maxwell Technologies, Tesla, Inc., Skeleton Technologies , Supreme Power Solutions Co., Ltd., NEC Tokin, KEMET Corporation, Nippon Chemi-Con Corporation, Martinrea International Inc., Blue Solutions SA, Ness Capacitor Co., Ltd., Axion Power International, Inc., Abracon, Cornell Dubilier Electronics, Inc., Eaton Corporation Plc and Nesscap Energy Inc.

Key Developments:

In October 2023, Abracon announced the launch of an all-new line of 2.7V & 3.0V EDLC radial supercapacitors. These supercapacitors have the capacity to revolutionize energy supply and energy storage with their unmatched performance, reliability, and versatility.

In March 2023, KEMET Corporation announced to release of the World’s first automotive-grade FMU supercapacitor, a 105°C supercapacitor, which is rated for 5.5V operation and long life. The aqueous-based electrolyte system is designated for real-time clock applications in unsuitable or severe conditions.

In January 2023, Skeleton Technologies, announced to launch of the first completely automated supercapacitor production line.

Types Covered:
• Faraday Capacity
• Double Layered Capacitors
• Pseudocapacitors
• Hybrid Capacitors
• Other Types 

Materials Covered:
• Carbon Nanotubes
• Graphene
• Activated Carbon
• Polymer Separators
• Organic Electrolytes
• Other Materials

Powers Covered:
• Less than 10 Volts
• 10 Volts to 25 Volts
• 25 Volts to 50 Volts
• 50 Volts to 100 Volts
• Above 100 Volts

End Users Covered:
• Automotive
• Consumer Electronics
• Energy
• Industrial
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats      
 3.6 End User Analysis     
 3.7 Emerging Markets     
 3.8 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Ultracapacitor Market, By Type    
 5.1 Introduction     
 5.2 Faraday Capacity     
 5.3 Double Layered Capacitors    
 5.4 Pseudocapacitors     
 5.5 Hybrid Capacitors     
 5.6 Other Types     
        
6 Global Ultracapacitor Market, By Material    
 6.1 Introduction     
 6.2 Carbon Nanotubes     
 6.3 Graphene     
 6.4 Activated Carbon     
 6.5 Polymer Separators     
 6.6 Organic Electrolytes     
 6.7 Other Materials     
        
7 Global Ultracapacitor Market, By Power    
 7.1 Introduction     
 7.2 Less than 10 Volts     
 7.3 10 Volts to 25 Volts     
 7.4 25 Volts to 50 Volts     
 7.5 50 Volts to 100 Volts    
 7.6 Above 100 Volts     
        
8 Global Ultracapacitor Market, By End User   
 8.1 Introduction     
 8.2 Automotive     
 8.3 Consumer Electronics    
 8.4 Energy      
 8.5 Industrial      
 8.6 Other End Users     
        
9 Global Ultracapacitor Market, By Geography   
 9.1 Introduction     
 9.2 North America     
  9.2.1 US     
  9.2.2 Canada     
  9.2.3 Mexico     
 9.3 Europe      
  9.3.1 Germany     
  9.3.2 UK     
  9.3.3 Italy     
  9.3.4 France     
  9.3.5 Spain     
  9.3.6 Rest of Europe    
 9.4 Asia Pacific     
  9.4.1 Japan     
  9.4.2 China     
  9.4.3 India     
  9.4.4 Australia     
  9.4.5 New Zealand    
  9.4.6 South Korea    
  9.4.7 Rest of Asia Pacific    
 9.5 South America     
  9.5.1 Argentina    
  9.5.2 Brazil     
  9.5.3 Chile     
  9.5.4 Rest of South America   
 9.6 Middle East & Africa    
  9.6.1 Saudi Arabia    
  9.6.2 UAE     
  9.6.3 Qatar     
  9.6.4 South Africa    
  9.6.5 Rest of Middle East & Africa   
        
10 Key Developments      
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 10.2 Acquisitions & Mergers    
 10.3 New Product Launch    
 10.4 Expansions     
 10.5 Other Key Strategies    
        
11 Company Profiling      
 11.1 Panasonic Corporation    
 11.2 Maxwell Technologies      
 11.3 Tesla, Inc.     
 11.4 Skeleton Technologies     
 11.5 Supreme Power Solutions Co., Ltd.   
 11.6 NEC Tokin                
 11.7 KEMET Corporation     
 11.8 Nippon Chemi-Con Corporation   
 11.9 Martinrea International Inc.    
 11.10 Blue Solutions SA     
 11.11 Ness Capacitor Co., Ltd.    
 11.12 Axion Power International, Inc.   
 11.13 Abracon       
 11.14 Cornell Dubilier Electronics, Inc.   
 11.15 Eaton Corporation Plc    
 11.16 Nesscap Energy Inc.     
        
List of Tables       
1 Global Ultracapacitor Market Outlook, By Region (2021-2030) ($MN) 
2 Global Ultracapacitor Market Outlook, By Type (2021-2030) ($MN) 
3 Global Ultracapacitor Market Outlook, By Faraday Capacity (2021-2030) ($MN)
4 Global Ultracapacitor Market Outlook, By Double Layered Capacitors (2021-2030) ($MN)
5 Global Ultracapacitor Market Outlook, By Pseudocapacitors (2021-2030) ($MN)
6 Global Ultracapacitor Market Outlook, By Hybrid Capacitors (2021-2030) ($MN)
7 Global Ultracapacitor Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Ultracapacitor Market Outlook, By Material  (2021-2030) ($MN) 
9 Global Ultracapacitor Market Outlook, By Carbon Nanotubes (2021-2030) ($MN)
10 Global Ultracapacitor Market Outlook, By Graphene (2021-2030) ($MN) 
11 Global Ultracapacitor Market Outlook, By Activated Carbon (2021-2030) ($MN)
12 Global Ultracapacitor Market Outlook, By Polymer Separators (2021-2030) ($MN)
13 Global Ultracapacitor Market Outlook, By Organic Electrolytes (2021-2030) ($MN)
14 Global Ultracapacitor Market Outlook, By Other Materials (2021-2030) ($MN)
15 Global Ultracapacitor Market Outlook, By Power (2021-2030) ($MN) 
16 Global Ultracapacitor Market Outlook, By Less than 10 Volts (2021-2030) ($MN)
17 Global Ultracapacitor Market Outlook, By 10 Volts to 25 Volts (2021-2030) ($MN)
18 Global Ultracapacitor Market Outlook, By 25 Volts to 50 Volts (2021-2030) ($MN)
19 Global Ultracapacitor Market Outlook, By 50 Volts to 100 Volts (2021-2030) ($MN)
20 Global Ultracapacitor Market Outlook, By Above 100 Volts (2021-2030) ($MN)
21 Global Ultracapacitor Market Outlook, By End User (2021-2030) ($MN) 
22 Global Ultracapacitor Market Outlook, By Automotive (2021-2030) ($MN)
23 Global Ultracapacitor Market Outlook, By Consumer Electronics (2021-2030) ($MN)
24 Global Ultracapacitor Market Outlook, By Energy (2021-2030) ($MN) 
25 Global Ultracapacitor Market Outlook, By Industrial (2021-2030) ($MN) 
26 Global Ultracapacitor Market Outlook, By Other End Users (2021-2030) ($MN)
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials