Supercapacitors Market - Growth, Trends, and Forecast (2019 - 2024)

The Supercapacitors Market is segmented by Type (Double Layer Capacitor, Pseudo Capacitor, Hybrid Capacitor), End User (Consumer Electronics, Utilities, Healthcare), and Geography.

Market Snapshot

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Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

14.1%

Market Size (2019):

USD 450 million

Key Players:

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Market Overview

The supercapacitors market is anticipated to value at USD 450 million in 2019 with a CAGR of 14.1% during the forecast period (2019 -2024).

  • The changes in regulations, concerning environmental safety standards, may supplement the growth of the market studied in the transportation and consumer electronics segments. The Environmental Protection Agency (EPA) has increased the per gallon standards to 35.5 mpg in 2016, and then to 54.5 mpg by 2025. 
  • The transportation industry has given a significant boost to the market studied, in the recent times, owing to the exclusive demand from electric vehicle manufacturers, especially in the developed economies, like China, the United States, Japan, and France, among others.
  • New market opportunities, like smart grids and alternate energy sources, can be adequately captured by supercapacitors. They are known to operate in a wide temperature range, thereby enhancing usability. Moreover, substitute products, like batteries, are facing a reasonably hostile ecology and trade restrictions, which may increase the penetration of supercapacitors in the market.
     

Scope of the Report

Supercapacitors are the enhanced variant traditional capacitors that can store large amounts of energy (10-100 times more energy per unit mass, as compared to electrolytic capacitors). They have unique features, such as high power density and cyclability, which are currently not matched by any other energy storage devices in the market. Type of capacitors such as Double Layer Capacitors, Pseudo Capacitors, and Hybrid Capacitors are considered in the scope of the market
By Type
Double Layer Capacitor
Pseudo Capacitor
Hybrid Capacitor
By End User
Consumer Electronics
Utilities
Healthcare
Aerospace and Defense
Automotive/Transportation
Other End Users
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

Utilities to Hold a Significant Share

  • Utilities are one of the critical markets for supercapacitors. With the rising energy concerns and increasing technological advancement, the adoption of supercapacitors is witnessing a surge, especially in the emerging economies.
  • Their applications, like generator bridging, ramping and regulation, primary frequency response, and voltage sag mitigation, are also providing a grid or microgrid monitoring and stabilization.
  • In September 2018, Maxwell Technologies announced a grid energy storage subsystem design-in with Siemens, to deliver economical, fast-responding, long-life grid voltage and frequency support solutions.
  • According to US Energy Storage Monitor Utility, scale energy storage is a nascent, but rapidly growing market and is expected to reach over USD 1 billion by 2020, in the United States alone; hence, offering a massive market to target for supercapacitors.
  • Supercapacitors are also gaining traction to protect CMOS logic and power electronic toys. Security alarm systems, Uninterruptible Power Supply (UPS) systems, and solar power are other typical applications.
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The United States is the Largest Consumer of Supercapacitors in North America.

  • The United States is one of the largest consumers of supercapacitors in the world. The automotive sector is expected to be one of the largest consumers of supercapacitors in the country. The country is one of the largest automotive markets in the world and is home to over 13 major auto manufacturers.
  • With changing dynamics in the industry, automotive manufacturers are moving toward electric vehicles to meet the needs of next-generation consumers. Electric vehicle use in the United States has risen rapidly, with an estimated 1% of automotive sales in the US market coming from electric vehicles.
  • California dominates the US market in terms of sales of electric vehicles (EVs). It's Zero Emission Vehicle (ZEV) program is also driving the demand for EVs, by requiring automakers in the state to sell a certain percentage of electric cars.
  • Innovations in battery technology and the adoption of supercapacitor hybrid systems are pushing technology adoption in the automotive industry. With consumer preferences changing in the region, consumers now prefer electric hybrids.
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Competitive Landscape

The supercapacitors market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and profitability. The companies operating in the market are also acquiring start-ups working on supercapacitor technologies to strengthen their product capabilities.

  • September 2018 - Maxwell Technologies Inc. announced the ultracapacitor grid energy storage subsystems design-in with Siemens, in order to offer economical, fast-responding, long-life grid voltage and frequency support solutions. This partnership with Siemens is expected to further validate the company’s strategic expansion into grid system products and the market demand for fast-responding, long asset life, ultracapacitor grid energy storage.
  • September 2018 - CAP-XX announced a new license agreement with TDK Corporation. Through this agreement, TDK will license a family of CAP-XX’s patents on a non-exclusive basis, for a range of supercapacitor sizes.

Major Players

  1. Maxwell Technologies Inc.
  2. Panasonic Corporation
  3. TOKIN Corporation
  4. Nippon Chemi-Con Corp.
  5. CAP-XX Limited

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Growing Demand for Eco-friendly Technologies

      2. 4.3.2 Need to Find Alternative Energy Storage Solutions

      3. 4.3.3 Rapid R&D in Supercapacitor Technology

    4. 4.4 Market Restraints

      1. 4.4.1 High Cost and Technical Issues of Super Capacitor

    5. 4.5 Industry Attractiveness Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Value Chain / Supply Chain Analysis

  5. 5. TECHNOLOGY SNAPSHOT

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 Double Layer Capacitor

      2. 6.1.2 Pseudo Capacitor

      3. 6.1.3 Hybrid Capacitor

    2. 6.2 By End User

      1. 6.2.1 Consumer Electronics

      2. 6.2.2 Utilities

      3. 6.2.3 Healthcare

      4. 6.2.4 Aerospace and Defense

      5. 6.2.5 Automotive/Transportation

      6. 6.2.6 Other End Users

    3. 6.3 Geography

      1. 6.3.1 North America

        1. 6.3.1.1 United States

        2. 6.3.1.2 Canada

      2. 6.3.2 Europe

        1. 6.3.2.1 Germany

        2. 6.3.2.2 United Kingdom

        3. 6.3.2.3 France

        4. 6.3.2.4 Rest of Europe

      3. 6.3.3 Asia-Pacific

        1. 6.3.3.1 China

        2. 6.3.3.2 Japan

        3. 6.3.3.3 India

        4. 6.3.3.4 Rest of Asia-Pacific

      4. 6.3.4 Rest of the World

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Maxwell Technologies Inc. (Tesla Inc.)

      2. 7.1.2 Panasonic Corporation

      3. 7.1.3 Nippon Chemi-Con Corp.

      4. 7.1.4 LS Mtron Ltd

      5. 7.1.5 CAP-XX Limited

      6. 7.1.6 Murata Manufacturing Co. Ltd

      7. 7.1.7 Supreme Power Solutions

      8. 7.1.8 IOXUS Inc

      9. 7.1.9 JSR Micro NV

      10. 7.1.10 Shanghai Aowei Technology Development Co. Ltd.

      11. 7.1.11 Taiyo Yuden Co. Ltd.

      12. 7.1.12 TOKIN Corporation

      13. 7.1.13 Skeleton Technologies

      14. 7.1.14 AVX Corporation

      15. 7.1.15 Spel Technologies Private Limited

      16. 7.1.16 Evans Capacitor Company

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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