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Global Ultracapacitors Market to Grow at a CAGR of 26% in the Forecast Period of 2024-2032, Aided by the Growth in Electronics and Automotive Industry

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Global Ultracapacitors Market Size, Share, Trends, Report: 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; By Application: Automotive, Industrial, Energy, Electronics; Regional Analysis; Competitive Landscape; 2024-2032

Global Ultracapacitors Market Outlook

The global ultracapacitors market reached a value of about USD 5028.95 million in 2023. The industry is further expected to grow at a CAGR of about 26% in the forecast period of 2024-2032 to reach a value of around USD 40259.12 million by 2032.

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.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
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 United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
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 (2018-2023)
   8.3   Global Ultracapacitors Market Forecast (2024-2032)
   8.4   Global Ultracapacitors Market by Power Type
       8.4.1   Less than 10 Volts
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   10 Volts to 25 Volts Modules
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   25 Volts to 50 Volts Modules
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
       8.4.4   50 Volts to 100 Volts Modules
           8.4.4.1 Historical Trend (2018-2023)
           8.4.4.2 Forecast Trend (2024-2032)
       8.4.5   Above 100 Volts Modules
           8.4.5.1 Historical Trend (2018-2023)
           8.4.5.2 Forecast Trend (2024-2032)
   8.5   Global Ultracapacitors Market by Application
       8.5.1   Automotive
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Industrial
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
       8.5.3   Energy
           8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
       8.5.4   Electronics
           8.5.4.1 Historical Trend (2018-2023)
           8.5.4.2 Forecast Trend (2024-2032)
   8.6   Global Ultracapacitors Market by Region
       8.6.1   North America
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Europe
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Asia Pacific
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Latin America
           8.6.4.1 Historical Trend (2018-2023)
           8.6.4.2 Forecast Trend (2024-2032)
       8.6.5   Middle East and Africa
           8.6.5.1 Historical Trend (2018-2023)
           8.6.5.2 Forecast Trend (2024-2032)
9   North America Ultracapacitors Market Analysis
   9.1   United States of America
       9.1.1 Historical Trend (2018-2023)
       9.1.2 Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1 Historical Trend (2018-2023)
       9.2.2 Forecast Trend (2024-2032)
10   Europe Ultracapacitors Market Analysis
   10.1   United Kingdom
       10.1.1 Historical Trend (2018-2023)
       10.1.2 Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1 Historical Trend (2018-2023)
       10.2.2 Forecast Trend (2024-2032)
   10.3   France
       10.3.1 Historical Trend (2018-2023)
       10.3.2 Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1 Historical Trend (2018-2023)
       10.4.2 Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Ultracapacitors Market Analysis
   11.1   China
       11.1.1 Historical Trend (2018-2023)
       11.1.2 Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1 Historical Trend (2018-2023)
       11.2.2 Forecast Trend (2024-2032)
   11.3   India
       11.3.1 Historical Trend (2018-2023)
       11.3.2 Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1 Historical Trend (2018-2023)
       11.4.2 Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1 Historical Trend (2018-2023)
       11.5.2 Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Ultracapacitors Market Analysis
   12.1   Brazil
       12.1.1 Historical Trend (2018-2023)
       12.1.2 Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1 Historical Trend (2018-2023)
       12.2.2 Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1 Historical Trend (2018-2023)
       12.3.2 Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Ultracapacitors Market Analysis
   13.1   Saudi Arabia
       13.1.1 Historical Trend (2018-2023)
       13.1.2 Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1 Historical Trend (2018-2023)
       13.2.2 Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1 Historical Trend (2018-2023)
       13.3.2 Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1 Historical Trend (2018-2023)
       13.4.2 Forecast Trend (2024-2032)
   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 2032
2.   Global Ultracapacitors Historical Market: Breakup by Power Type (USD Million), 2018-2023
3.   Global Ultracapacitors Market Forecast: Breakup by Power Type (USD Million), 2024-2032
4.   Global Ultracapacitors Historical Market: Breakup by Application (USD Million), 2018-2023
5.   Global Ultracapacitors Market Forecast: Breakup by Application (USD Million), 2024-2032
6.   Global Ultracapacitors Historical Market: Breakup by Region (USD Million), 2018-2023
7.   Global Ultracapacitors Market Forecast: Breakup by Region (USD Million), 2024-2032
8.   North America Global Ultracapacitors Historical Market: Breakup by Country (USD Million), 2018-2023
9.   North America Global Ultracapacitors Market Forecast: Breakup by Country (USD Million), 2024-2032
10.   Europe Global Ultracapacitors Historical Market: Breakup by Country (USD Million), 2018-2023
11.   Europe Global Ultracapacitors Market Forecast: Breakup by Country (USD Million), 2024-2032
12.   Asia Pacific Global Ultracapacitors Historical Market: Breakup by Country (USD Million), 2018-2023
13.   Asia Pacific Global Ultracapacitors Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Latin America Global Ultracapacitors Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Latin America Global Ultracapacitors Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Middle East and Africa Global Ultracapacitors Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Middle East and Africa Global Ultracapacitors Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Global Ultracapacitors Market Structure

Key Questions Answered in the Report

What was the global ultracapacitors market size in 2023?

The global ultracapacitors market attained a value of nearly USD 5028.95 million in 2023.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 26% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 40259.12 million by 2032.

What are the major market drivers?

The major market drivers include rapid industrialisation, surging infrastructural development activities, the rising adoption of electric vehicles, and surging investments in mass rapid transport systems.

What are the key trends of the market?

The key trends guiding the market growth include the rising demand for ultracapacitors in the electronics and automotive sectors and an increasing production of energy-efficient products.

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

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

What are the significant segments based on power types of ultracapacitors considered in the market report?

The significant segments based on power types of ultracapacitors considered in the market report 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 major applications of ultracapacitors?

The major applications of ultracapacitors include automotive, industrial, energy, and electronics.

Who are the key players in the ultracapacitors market, according to the report?

The major players in the market 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 5028.95 million in 2023, 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 2024-2032, growing at a CAGR of 26%. The market is projected to reach USD 40259.12 million by 2032.

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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