United States Supercapacitor Market is anticipated to
grow at a good pace during the forecast period. The increasing demand for
renewable energy solutions and the rising installation of renewable power
generation will boost the market. A supercapacitor (SC), also known as an
ultracapacitor, is a high-capacity capacitor with lower voltage restrictions
and a much higher capacitance value than ordinary capacitors. It bridges the
gap between electrolytic capacitors and rechargeable batteries. It has 10 to
100 times the energy storage capacity of electrolytic capacitors per unit
volume or mass, can take and distribute charge much faster than batteries, and
can withstand many more charge and discharge cycles than rechargeable
batteries. In contrast to conventional capacitors, which store electrical
energy between two parallel plates via charge separation under the influence of
an electric field, supercapacitors store electrical energy in an electrical
double layer between electrode and electrolyte interfaces via the adsorption of
oppositely charged ions that are attracted to the electrode and electrolyte
interfaces through the adsorption of oppositely charged ions that are manifest
within an Angstrom (A) distance of the interface. Basic materials that are
taken into consideration for manufacturing such electrodes have extremely large
surface areas (1500–3000 m2/g), which opens the door to achieving higher
specific capacitance values (1–1000 F) as well as high specific power.
Increasing Demand for Renewable Energy Solutions to
Drive Market Growth
Supercapacitor charging and discharging is critical
for continuous operation, in addition to sustaining peak loads and backup
power. It comprises industrial battery-powered gadgets including smart meters,
smoke detectors, video doorbells, and medical gadgets. Several suppliers are
introducing new products to assist this. For instance, on November 2021, Texas
Instruments (TI) recently unveiled a new 60 nA quiescent current (IQ)
bidirectional buck/boost converter. Engineers can increase battery life by up
to 20% by using the TPS61094 buck/boost converter instead of routinely utilized
hybrid-layer capacitors (HLCs), which also give ultra-low IQ and have a buck
mode for supercapacitor charging.
Based on current supercapacitor technology, more
investigation is being done into the creation of inexpensive and creative
solutions. It underlines the need to lower the cost of producing carbon-based
electrodes and the dependence on essential components while providing a more
cost-effective and environmentally friendly alternative to current versions.
For instance, in 2021, scientists at Imperial College London and University
College London (UCL) have recently created an electrode material for
supercapacitors that is more energy-dense and environmentally friendly, paving
the way for increased market adoption of high-power, quick-charging electric
vehicle technology.
More solar and wind energy installations are being
built around the nation because of the growing responsibility to protect
Earth's resources and practice environmental sustainability. To strengthen the
structure of renewable energy sources, the US administration has also developed
supportive policies and regulatory frameworks. For instance, the United States
of America installed 29 gigawatts of renewable energy in the same year, about
80% more than in 2019, including 15 gigawatts of solar energy and roughly 14
gigawatts of wind energy, according to a March 2020 report from the
International Renewable Energy Agency (IRENA).
The pace of the local market in the US is also
anticipated to be accelerated by the expanding use of solar photovoltaic (PV)
technology and ambitious goals to promote the transition to low-carbon energy.
Also, several governments and organizations have noted that the primary
generating mix of the nation has seen a significant expansion of solar PV
technology over time. For instance, the Energy Information Administration (EIA)
in the United States reports that the total generation from solar PV technology
accounted for about 9.6% of the net utility-scale renewable resources in 2019
compared to 8.5% in 2018, with an increase of over 8.78 million megawatt-hours
year over year (MWh). The market for renewable energy systems is anticipated to
be driven by these reasons, which include the adoption of profitable government
programs to encourage sustainable infrastructure development.
Increasing Demand for Fuel Cell Electric Vehicles to
Augment US Supercapacitor Market Growth
To increase the use of fuel cell electric cars (FCEVs)
across the nation, the U.S. has been concentrating on investing in hydrogen
vehicles and refilling facilities. To support the long-term adoption of FCEVs,
the government, and the U.S. Department of Energy (DoE) have made major
investments in research and development initiatives. The U.S. DoE awarded funds
to the fuel cell R&D sub-program in 2019 totaling roughly USD 30 million to
fulfill future cost, performance, and durability goals. Also, several nations
and states are concentrating independently on creating and establishing a
sizable hydrogen FCEV fleet for private and business activities. During the
anticipated timeframe, these variables are anticipated to increase product
demand in the United States.
Extended Life Cycle & High Energy Density of U.S.
Supercapacitors to Aid Market Value
Supercapacitors are high-capacity capacitors that are
less voltage-restricted and have a higher capacitance than regular capacitors.
This capacitor, which is a new energy storage component, has a wider
temperature range, higher current capability, higher efficiency, a longer cycle
life, an easily observable state of charge, and a wider voltage range.
Lithium-ion batteries typically last between 500 and 10,000 charge cycles,
whereas supercapacitors can last between 100,000 and a million cycles. It can
also function in a far wider temperature range than conventional batteries—from
-40°C to 70°C—and at any voltage lower than its maximum continuous working
voltage. This could lead to these capacitors being a desirable power solution
for more and more applications, which is projected to drive the market
Consideration of supercapacitors as a viable
substitute for conventional batteries
Supercapacitors can charge and release energy more
quickly than conventional batteries, which carry out the same function much
more slowly. These electrode- and electrolyte-equipped capacitors can rapidly
charge and discharge over a very large number of cycles, making them an
effective replacement for conventional batteries in a variety of applications.
The usage of energy storage technology with little or no emissions is becoming
more popular among consumers as environmental friendliness gains importance.
The market for alternative energy technologies is
expanding as major technology companies step up their efforts to minimize
greenhouse gas emissions. Supercapacitors reduce the possibility of producing
any dangerous toxic waste because they can be recharged and recycled. They can
therefore be viewed as an environmentally benign alternative to conventional
batteries. Supercapacitors are not yet as advanced as traditional battery-based
energy storage systems, but with recent developments in graphene-based
supercapacitors, they may soon overtake them.
Increasing Installation of Renewable Power Generation
to Fuel Growth
In comparison to batteries and conventional
capacitors, supercapacitors are a new technology in the field of energy storage
systems that can provide better power and energy densities. These batteries
will be a desirable power source for the production of renewable energy because
of their benefits, such as their capacity for large charge and discharge
currents, extremely high efficiency, and a wider temperature range.
The Renewable Portfolio Standards (RPS) were developed
by the National Conference of State Legislatures (NCSL) to promote domestic
energy production, diversify energy sources, and promote economic growth in the
United States. Phase I utilities must meet the renewables target of 14% by
2025, 30% by 2030, 65% by 2040, and 100% by 2050 under the new laws. For Phase
II utilities, the accelerated renewables target is 26% by 2025, 41% by 2030,
and 100% by 2045. As a result of these government laws, the market for
renewable energy is anticipated to develop throughout the forecast period.
Recent Development:
- Kyocera AXA unveiled a line of pouch-style
supercapacitors in August 2022 to reduce current surge batteries. These
capacitors can be used independently as system power backup devices,
sometimes taking the place of batteries, or they can be used in
conjunction with primary or secondary batteries.
- In May 2022 a joint venture was formed between
CAP-XX Limited and Iconic Industries. This company is responsible for
commercializing reduced graphene oxide (rGO), which is used in
supercapacitors and other energy storage devices. On behalf of the joint
venture, CAP-XX would use rGO to produce and market supercapacitors and
other energy storage devices under the CAP-XX name.
- Supercapacitors and sensors are utilized in the
most recent trams and received deliveries of PK TS Vityaz trams in
February 2021. As the series' most recent trams, these trams'
supercapacitors would aid in energy conservation and lower power demand.
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Market Segmentation
The United States Supercapacitor Market is divided
into Product Type, Module Type, Service, Material, and Application. Based on
Product Type, the market is divided into Double-Layer capacitors, Pseudo
capacitors, and Hybrid Capacitors. Based on Module Type, the market is divided
into Less Than 10 Volts Modules, 10 Volts to 25 Volts Modules, 25 Volts to 50
Volts Modules, 50 Volts to 100 Volts Modules, and Above 100 Volts Modules.
Based on Material, the market is divided into Activated carbon, Carbide Derived
Carbon, Carbon Aerogel, and Others. Based on Application, the market is divided
into Automotive, Industrial, Energy, Consumer Electronics, and Aerospace &
Defense.
Market Players
Major market players in the United States
Supercapacitor Market are Eaton Corporation plc, Maxwell Technologies Inc.,
TOKIN Corporation, Panasonic Corporation of North America, Loxus Inc., AVX
Corporation, ADA TECHNOLOGIES, and Tesla, Inc.
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Attribute
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Details
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|
Base Year
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2022
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Historic Data
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2018 –
2022
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Estimated Year
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2023
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Forecast Period
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2024
– 2028
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Quantitative Units
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Value (USD Million) and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue
forecast, company share, growth factors, and trends
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Segments Covered
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By Product Type
By Module Type
By Material
By Application
By Region
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Region scope
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West,
Midwest, Northeast, South
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Key companies profiled
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Eaton Corporation
plc, Maxwell Technologies Inc., TOKIN Corporation, Panasonic Corporation of
North America, Loxus Inc., AVX Corporation, ADA TECHNOLOGIES, Tesla, Inc
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Customization scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
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|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
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|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report Scope:
In this report, the United States Supercapacitor
Market has been segmented on the basis of the following categories, in addition
to the industry trends which have also been detailed below:
- United States Supercapacitor Market, By
Product Type:
- Double-Layer Capacitor
- Pseudo capacitors
- Hybrid Capacitors
- United States Supercapacitor Market, By
Module Type:
- Less Than 10 Volts Modules
- 10 Volts to 25 Volts Modules
- 25 Volts to 50 Volts Modules
- 50 Volts to 100 Volts Modules
- Above 100 Volts Modules
- United States Supercapacitor Market, By
Material:
- Activated carbon
- Carbide Derived Carbon
- Carbon Aerogel
- Others
- United States Supercapacitor Market, By
Application:
- Automotive
- Industrial
- Energy
- Consumer Electronics
- Aerospace & Defense
- United States Supercapacitor Market, By Region:
- West
- Midwest
- Northeast
- South
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present in the United States Supercapacitor Market.
Available Customizations:
The United States Supercapacitor Market report with
the given market data, TechSci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
United States Supercapacitor Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at
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