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Global Ultracapacitors Market to Grow at a CAGR of 26% in the Forecast Period of 2022-2027, Aided by the Growth in Electronics and Automotive Industry

Ultracapacitors Market

Global Ultracapacitors Market: By Power Type; By Application: Automotive, Industrial, Energy, Electronics; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Ultracapacitors Market Outlook

The global ultracapacitors market reached a value of about USD 3991.23 million in 2022. The industry is further expected to grow at a CAGR of about 26% in the forecast period of 2023-2028 to reach a value of around USD 15,972.84 million by 2028.       

 

Global Ultracapacitors Market

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The Asia Pacific and North America to be Significant Regional Markets for Ultracapacitors

The Asia Pacific is expected to be one of the fastest-growing regional markets for ultracapacitors. Industrialisation and the increase in the development of infrastructure are driving the market in this region. Regions like China, South Korea, and India are contributing significantly to this industry. The growth in the electronics sector in China and India has resulted in the growth of the market in the recent years. The rising demand for irrigation systems is fuelling the use of capacitors in the Asia Pacific region, further aiding the market growth as ultracapacitor is an important component of the irrigation system.

Another factor fostering the growth of the ultracapacitor industry in the Asia Pacific is the significant presence of leading companies in the industry in the region. In the coming years, the increasing penetration of consumer electronics is estimated to drive the regional demand. The availability of advanced smartphones and other consumer electronics product manufacturers in both developed and developing countries in the region is also projected to aid in the increasing adoption of highly efficient super and ultracapacitors. The growing adoption of electric vehicles is further expected to support the growth of the market.

North America is also likely to record a healthy growth in the ultracapacitor industry due to the rising application of ultracapacitors in the electronic industry and the growing demand for the product within the growing automotive industry. The rising demand from the residential, power, and public transportation sectors is also supporting the market growth in North America. The introduction of stringent government regulations to reduce carbon footprints and the robust R&D initiatives to incorporate battery components to manufacture hybrid ultracapacitors are projected to provide potential industry growth opportunities in the coming years in the region.

 

Ultracapacitors: Market Segmentation

Ultracapacitors, also known as supercapacitors, electrochemical capacitors, or electric double-layer capacitors (EDLC), are the ideal electrochemical energy storage devices that help bridge the gap between conventional capacitors and batteries. They use high surface area electrode materials and thin electrolytic dielectrics to achieve high capacitance.

 

Global Ultracapacitors Market by Segment

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By power type, the market includes:

  • Less than 10 Volts
  • 10 Volts to 25 Volts Modules
  • 25 Volts to 50 Volts Modules
  • 50 Volts to 100 Volts Modules
  • Above 100 Volts Modules

Based on application, the market is segmented into:

  • Automotive
  • Industrial
  • Energy
  • Electronics

The regional markets for ultracapacitors can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Ultracapacitors Market by Region

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Growth in Electronics and Automotive Industries Boosting the Market Growth of Ultracapacitors

The ultracapacitors industry has been driven by the rapid growth in demand for electronics products such as laptops and smartphones. The increased internet penetration augmented the demand for smartphones, communication devices, network hardware, and computers, thereby increasing the demand for ultracapacitors. The market growth can also be attributed to the product’s usage in automotive applications, thus, driving the market within the automotive sector. The increasing popularity of hybrid and electric vehicles and increased investment in mass rapid transport systems in many developed and developing countries globally is contributing to the growth of the global market for ultracapacitors. Long shelf life, battery longevity, and a capacitor with a fast-charging option are the other factors that have further contribute to the growth of the ultracapacitors industry.

The rising use of ultracapacitors in trains and aircraft is anticipated to drive the industry growth. The industry is also expected to grow due to the increasing demand for renewable energy sources and favourable government regulations. An increase in gasoline demand for fuel-efficient modes of transportation is further projected to augment the market growth. The market is also witnessing the rising need for ultracapacitors used for energy re-filling in buses, trams, and trains, owing to a strong demand for energy-efficient products. Thus, the increasing use of ultracapacitors in solar and wind energy applications is expected to increase the growth opportunities for the ultracapacitors industry.

 

Key Industry Players in the Global Ultracapacitors Market

The report gives a detailed analysis of the following key players in the global ultracapacitors market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Maxwell Technologies Inc.
  • Supreme Power Solutions Co. Ltd. 
  • SECH SA 
  • Skeleton Technologies 
  • LICAP Technologies, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Power Type, Application, Region
Breakup by Power Type Less than 10 Volts, 10 Volts to 25 Volts Modules, 25 Volts to 50 Volts Modules, 50 Volts to 100 Volts Modules, Above 100 Volts Modules
Breakup by Application Automotive, Industrial, Energy, Electronics
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Maxwell Technologies Inc., Supreme Power Solutions Co. Ltd., SECH SA, Skeleton Technologies, LICAP Technologies, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Ultracapacitors Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Ultracapacitors Historical Market (2018-2022) 
    8.3    Global Ultracapacitors Market Forecast (2023-2028)
    8.4    Global Ultracapacitors Market by Power Type
        8.4.1    Less than 10 Volts
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    10 Volts to 25 Volts Modules
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    25 Volts to 50 Volts Modules
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    50 Volts to 100 Volts Modules
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
        8.4.5    Above 100 Volts Modules
            8.4.5.1    Historical Trend (2018-2022)
            8.4.5.2    Forecast Trend (2023-2028)
    8.5    Global Ultracapacitors Market by Application
        8.5.1    Automotive
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Industrial
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Energy
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Electronics
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)    
    8.6    Global Ultracapacitors Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2022) 
            8.6.5.2    Forecast Trend (2023-2028)
9    North America Ultracapacitors Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Ultracapacitors Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Ultracapacitors Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Ultracapacitors Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Ultracapacitors Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Maxwell Technologies Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Supreme Power Solutions Co. Ltd.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    SECH SA
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Skeleton Technologies
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    LICAP Technologies, Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Ultracapacitors Market: Key Industry Highlights, 2018 and 2028
2.    Global Ultracapacitors Historical Market: Breakup by Power Type (USD Million), 2018-2022
3.    Global Ultracapacitors Market Forecast: Breakup by Power Type (USD Million), 2023-2028
4.    Global Ultracapacitors Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Ultracapacitors Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Ultracapacitors Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Ultracapacitors Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Global Ultracapacitors Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Global Ultracapacitors Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Global Ultracapacitors Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Global Ultracapacitors Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Global Ultracapacitors Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Global Ultracapacitors Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Global Ultracapacitors Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Global Ultracapacitors Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Global Ultracapacitors Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Global Ultracapacitors Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Ultracapacitors Market Structure

Key Questions Answered in the Report

What was the global ultracapacitors market size in 2022?

The global ultracapacitors market attained a value of nearly USD 3991.23 million in 2022.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 26% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 15,972.84 million by 2028.       

What are the major industry drivers?

The major drivers of the market include industrialisation, increase in the development of infrastructure, adoption of electric vehicles, growing investments in mass rapid transport systems, favourable government regulations, and an increase in gasoline demand.

What are the key industry trends of the global ultracapacitors market?

The growing demand from the electronics and automotive industries and an increase in energy-efficient products are the key industry trends propelling the growth of the market.

What are the major regional markets of ultracapacitors, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the significant segments of the market based on power types?

The significant segments of the market based on power types are less than 10 volts, 10 volts to 25 volts modules, 25 volts to 50 volts modules, 50 volts to 100 volts modules, and above 100 volts modules.

What are the leading applications of ultracapacitors in the industry?

The leading applications of ultracapacitors in the industry are automotive, industrial, energy, and electronics.

Who are the key industry players, according to the report?

The major players in the industry are Maxwell Technologies Inc., Supreme Power Solutions Co. Ltd., SECH SA, Skeleton Technologies, and LICAP Technologies, Inc., among others.

Analyst Review

The global ultracapacitors market attained a value of USD 3991.23 million in 2022, driven by the growing demand from the electronics and automotive industries. Aided by the rapid industrialisation and an increase in the development of infrastructure, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 26%. The market is projected to reach USD 15,972.84 million by 2028.       

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on power type, the market is categorised into less than 10 volts, 10 volts to 25 volts modules, 25 volts to 50 volts modules, 50 volts to 100 volts modules, and above 100 volts modules. By applications, the industry is divided into automotive, industrial, energy, and electronics. The major regional markets for ultracapacitors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Maxwell Technologies Inc., Supreme Power Solutions Co. Ltd., SECH SA, Skeleton Technologies, and LICAP Technologies, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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