Consume Electronics Segment is Expected to Dominate the Global Supercapacitors Market
Energy Storage and Efficiency and Growing Electric Vehicle (EV) Market
are the factors propelling the market growth.
According to
TechSci Research report, “Global Supercapacitors Market - Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”. Global Supercapacitors is
anticipated to project robust growth in the forecast period with a CAGR of 11.57%
through 2028. Supercapacitor charging and discharging also helps sustain peak
loads and backup power, which is significant for continuous operation. It
includes battery-powered industrial applications such as smart meters, smoke
detectors, video doorbells, and medical applications. To support this, various
vendors are launching new products. For instance, Texas Instruments (TI)
recently announced a new bidirectional buck/boost converter with a quiescent
current (IQ) of 60 nA. Additionally, compared to frequently used hybrid-layer
capacitors, the TPS61094 buck/boost converter includes a buck mode for
supercapacitor charging while delivering ultra-low IQ, allowing engineers to
extend battery life by up to 20%. (hybrid-layer capacitors (HLCs)).
Further research
is underway in developing affordable and innovative solutions built on existing
supercapacitor technology. It offers a more affordable and ecological
alternative to present models and emphasizes the need to reduce the
carbon-based electrode production cost and the dependency on crucial
components. For instance, researchers from Imperial College London and
University College London (UCL) recently developed a more sustainable and
energy-dense electrode material for supercapacitors, paving the way for further
market use of high-power, quick-charging electric vehicle technology.
In recent years,
communication systems in telecom and space have propelled the supercapacitors
demand. The Indian Space Research Organization (ISRO), at its Vikram Sarabhai
Space Center (VSSC), developed the technology for processing supercapacitors
(2.5 V) of varying capacitance values viz., 5 F, 120 F, 350 F, and 500 F,
catering to specific applications related to space and societal needs.
Supercapacitors are effectively being used to improve the efficiency of hybrid
electric vehicles in various ways.
For instance,
Maxwell developed a supercapacitor-connected lead-acid battery that may be used
to replace a traditional vehicle battery. The idea behind this application is
that high-energy demands, such as starting an automobile, reduce the battery's
total energy capacity. The company has a line of supercapacitor-based modules
that can reach temperatures of 3000 degrees Fahrenheit. Over 600,000
supercapacitors have been sold for hybrid start-stop applications.
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market data Figures spread through 188 Pages and an in-depth TOC on " Global Supercapacitors Market.”
Based on End-User,
Consumer Electronics is expected to hold the largest share of Supercapacitors
market for during the forecast period, Supercapacitor charging and discharging
also helps sustain peak loads and backup power, which is significant for
continuous operation. It includes battery-powered industrial applications such
as smart meters, smoke detectors, video doorbells, and medical applications. To
support this, various vendors are launching new products. For instance, Texas
Instruments (TI) recently announced a new bidirectional buck/boost converter
with a quiescent current (IQ) of 60 nA. Additionally, compared to frequently
used hybrid-layer capacitors, the TPS61094 buck/boost converter includes a buck
mode for supercapacitor charging while delivering ultra-low IQ, allowing
engineers to extend battery life by up to 20%. (hybrid-layer capacitors
(HLCs)).
Further research
is underway in developing affordable and innovative solutions built on existing
supercapacitor technology. It offers a more affordable and ecological
alternative to present models and emphasizes the need to reduce the
carbon-based electrode production cost and the dependency on crucial
components. For instance, researchers from Imperial College London and
University College London (UCL) recently developed a more sustainable and
energy-dense electrode material for supercapacitors, paving the way for further
market use of high-power, quick-charging electric vehicle technology.
In recent years,
communication systems in telecom and space have propelled the supercapacitors
demand. The Indian Space Research Organization (ISRO), at its Vikram Sarabhai
Space Center (VSSC), developed the technology for processing supercapacitors
(2.5 V) of varying capacitance values viz., 5 F, 120 F, 350 F, and 500 F,
catering to specific applications related to space and societal needs.
Supercapacitors are effectively being used to improve the efficiency of hybrid
electric vehicles in various ways.
Based on Region, Asia
Pacific will dominate the market, In China, the demand for supercapacitors is
expected to grow by one of the highest growth rates in the world for a long
time to meet the carbon neutrality targets by 2060. Benefiting from the
increased demand in downstream markets, such as electric vehicles, the overall
market share of supercapacitors in China would continue to rise. With policy
support from the government, many new players have positioned themselves in the
market.
Prominent market
players include the state-owned CRRC (China Railroad Rolling Stock
Corporation), Nantong Jianghai, Shanghai Aowei, and Jinzhou Kaimei. There are
new players in supercapacitor manufacturing, such as Beihai Sence Carbon
Materials Technology, Jiangsu Zhongtian Technology Group, and Tianjin Plannano
Energy Technologies. Research institutions and universities, including Donghua
University, Jiangsu University, South Central University, and Tsinghua
University, have been involved in innovation in the supercapacitors sector
through patent filing, among other things.
China's
automotive industry is overgrowing, and the country plays an increasingly
important role in the global automotive market. The government views the
automotive industry, including the auto parts sector, as one of its country's
pillar industries. The Central Government of China estimates that China's
automobile output shall reach 35 million units by 2025, which caters to
supercapacitors' demand. Electric vehicles are becoming more popular, and China
is considered one of the leading adopters. For developments in China's
transportation industry, the 13th Five-Year Plan encourages the development of
green mobility alternatives such as hybrid and electric vehicles.
Key market
players in the Global Supercapacitors Market are following: -
- Eaton Corporation PLC
- Maxwell Technologies Inc. (Tesla Inc.)
- Skeleton Technologies Inc.
- Cap-XX Limited
- Kyocera Corporation
- Supreme Power Solutions
- LS Mtron Ltd
- TOKIN Corporation
- Shanghai Aowei Technology Development Co. Ltd
- Loxus Inc.
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“The global
supercapacitors market is primarily driven by the increasing demand for energy
storage and efficiency solutions. Supercapacitors are crucial for renewable
energy integration, grid stability, and addressing the intermittency of sources
like solar and wind power. The growing electric vehicle (EV) market is another
major driver, as supercapacitors support regenerative braking and rapid power
delivery, enhancing EV efficiency and performance. These eco-friendly energy
storage devices are also finding applications in various industries, such as
transportation, consumer electronics, and industrial automation. Government
support, technological advancements, and a focus on sustainability further
boost the market's growth.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
Supercapacitors Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented
by end-user (consumer electronics, energy, and utilities (grid applications,
wind, and others), industrial (automotive/transportation (bus and truck, rail
and tram, 48 V mild hybrid car, micro hybrids, and other cars, heavy vehicle), By
Region, By Competition 2018-2028 has evaluated the
future growth potential of Global Supercapacitors Market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities present in the Global Supercapacitors Market.
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