Global Super Capacitor Market - Overview
According to Market Research Future (MRFR), the
global Super Capacitor Market is poised to garner
exponential value by 2027, registering a staggering CAGR during the assessment
period (2020–2027). Increasing applications of supercapacitors in portable
electronic medical devices is a major tailwind defining the growing landscape
of the market.
The global super capacitor market is growing at a
rapid pace. The market growth predominantly attributes to the extensive use of
supercapacitors in various applications, including high-powered lasers,
wireless telecommunications, and electric vehicle regenerative braking systems.
Besides, the huge uptake of these capacitors in rapidly developing end-user
industries, such as consumer electronics, energy, and automotive, drives the
market.
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Additionally, the increasing demand for energy conservation
and consumption of high-performance supercapacitors in the automotive sector
bolster the market growth. Augmenting demand for additional capabilities and
high implementation of supercapacitors across various sectors positively impact
the market size.
Conversely, the high investments required for
technological innovations and integrations impede market growth. Also, the
fierce competition across high-capacity battery vendors is a significant
challenge the market is currently confronting. Nevertheless, the evolution of
supercapacitors and increasing demand for advanced battery life would support
the market rise throughout the assessment period.
Furthermore, evolving storage technologies and vast
product developments substantiate the growth of the market excellently. Also,
the increasing demand for stabilized power supply in applications such as
laptop computers, GPS, and portable media players provides a massive impetus to
the market's growth.
Global Supercapacitors Market –
Segmentation
The MRFR analysis is segmented into type,
application, end-user, material, and regions. The type segment is sub-segmented
into pseudocapacitors, hybrid capacitors, and double-layer capacitors. The
material segment is sub-segmented into graphene, activated carbon, carbon
aerogel, metal oxides, carbide-derived carbon, electrodes, activated carbon
fibers, and others.
The application segment is sub-segmented into solar
watch, aircraft, audio system, laptop, and others. The end-user segment is
sub-segmented into aerospace & defense, consumer electronics, healthcare,
automotive, manufacturing, aerospace, defense, and others. The region segment
is sub-segmented into North America, Europe, APAC, and the Rest-of-the-World.
Global Super Capacitor Market –
Geographical Analysis
The Asia Pacific region dominates the global super
capacitor market. The largest market share attributes to the strong presence of
major supercapacitor manufacturers and electronic devices manufacturing
companies in the region. Besides, the spurring rise in the region's consumer
electronics and automotive industries substantiates the market growth. China,
Japan, and India are major markets for supercapacitors, driving the regional
market growth.
North America stands second in the global super
capacitor market. The region is a hub for advanced technologies and witnesses
the early adoption of innovative technologies. Therefore, the region
demonstrates the huge potential for revenue generation, particularly from the
automotive and consumer electronics industry verticals. The presence of
well-established technology development infrastructure supports market
progress.
The European super capacitor market is emerging as a
profitable market globally. The market growth is driven by the burgeoning
electronics industries, growing R&D activities, and strict regulation for
environment-friendly technologies.
With the vast presence of notable electronics
manufacturers and rising demand for digital technologies, the UK and Germany
significantly contribute to regional market growth. The market is estimated to
grow at a considerable CAGR during the assessment period, witnessing a colossal
consumption of supercapacitors across the electronics industries in the region.
Global Supercapacitors Market –
Competitive Landscape
Characterized by the presence of many notable
players, the global super capacitor market appears to be highly competitive.
Market players incorporate strategic approaches such as collaboration,
acquisitions, technology launch, and expansion to gain a larger competitive
advantage over other market players. Industry players strive to provide
combined open source and industry-leading solutions, irrespective of the
deployment of the technology on- cloud and on-premises.
Market Players
Players active in the super capacitor market include
Nesscap Energy Inc. (Canada), Ioxus (US), Vina Technology (South Korea),
Maxwell Technologies, Inc. (US), Murata Manufacturing Co., Ltd. (Japan),
Panasonic Corporation (Japan), Graphene (UK), Angstron Materials (US), and LS
Ultracapacitor (South Korea), among others.
Industry/ Innovation/ Related News
June 10, 2021 --- Scientists from Imperial College
London and University College London (UCL) announced the development of a new
generation of low-cost, high-energy supercapacitors to power electric vehicles
using lignin. Lignin is a bio-based by-product of paper manufacturing, creating
free-standing electrodes with enhanced energy storage capacity. This
sustainable and energy-dense electrode material could allow wider market penetration
of this high-power, quick charging electric vehicle technology.
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