Supercapacitor Market

Supercapacitor Market - Global Industry
Insights, Trends and Outlook, 2017-2025
A super-capacitor, also named as ultra-capacitor, has a high capacity and higher
capacitance compared to conventional capacitors. It is capable of storing 10 to 100
times more energy per unit volume than electrolytic capacitor. This supercapacitor acts
as a bridge between capacitors and rechargeable batteries, to fill the gap between
them. Super-capacitors can be used for power regulation in batteries. Super-capacitors
are able to receive and discharge charge much faster as compared to a battery. It has
low impedance, due to which it has high and low temperature charge and discharge
capacity. Owing to this property, super-capacitor are suitable for application where
faster charging and discharging is required, rather than energy storage for long period
of time. These applications includes cars, trains, buses, and elevators, where it can be
utilized for regenerative braking and storage of energy for short period of time.
Other major applications include wind turbines. In wind turbine application,
supercapacitors responsible for smoothing out the discontinuous power supplied by the
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Growth in consumer electronics sector is expected to be a major factor for growth in the
global super-capacitor market. This is owing to increasing adoption of smart,
sustainable, and convenient devices. For example, in smartphones and laptops, there is
a requirement for longer electric power backup, and super-capacitor fulfills this
requirement. For instance, according to Coherent Market Insights’ analysis, as of 2016,
around 350 units of mobile devices were sold globally, which accounted for an increase
of over 3.7% from 2015. Revenue generated by smartphone devices alone, accounted
for over 70% sales of the global mobile devices in 2016.
However, high cost of materials is expected to restrain growth of the global
super-capacitor market. For instance, graphene is most commonly used in
supercapacitors as electrolytes, which is more expensive than activated carbon. Its
initial high cost exceeds the cost of lithium ion batteries.
Supercapacitor Market Taxonomy
On the basis of type, the global supercapacitor market is segmented into:
● Double-Layer Capacitor
● Pseudocapacitors
● Hybrid Capacitors
On the basis of materials, the global supercapacitor market is segmented into:
● Electrolyte
● Electrodes
● Separators
On the basis of end-user industry, the global supercapacitor market is segmented into:
Consumer Electronics
Aerospace and Defence
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Asia Pacific market is expected to exhibit the highest CAGR over the forecast period
(2017–2025). This is due to presence of major key players in this region such as
Panasonic Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), and Nesscap
Co., Ltd. (China). Additionally, high growth in automotive sector is expected to boost the
market growth. According to the International Energy Agency’s Global EV Outlook,
China was largest market for electric vehicles in 2016, accounting for over 40% of the
electric cars sold globally, which includes over 200 million electric two-wheelers and
over 300,000 electric buses. Super-capacitors are significantly used in electric and
hybrid vehicles for short-term energy storage and brake reforming. Hence, growth in
electric and hybrid market is expected to lead to regional supercapacitor market growth.
Major players operating in the global supercapacitor market include Cap-XX Limited,
Panasonic Corporation, Nesscap Energy Inc., Murata Manufacturing Co., Ltd., Maxwell
Technologies, Inc., Skeleton Technologies, Axion Power International, Inc., Graphene
Laboratories, Inc., Nippon Chemi-Con Corporation, Mouser Electronics, Inc., AVX
Corporation, Evans Capacitor Company, and SPEL Technologies Private Limited.
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Growth in consumer electronics sector is expected to be a major factor for growth in the global supercapacitor market. This is owing to increasing adoption of smart, sustainable, and convenient devices.