Supercapacitor Market Size, Trends, Growth, Scope And Analysis 2023

Aug 06, 2023

IMARC Group, a leading market research company, has released a report titled “Supercapacitor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global supercapacitor market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.2 Billion by 2028, exhibiting a growth rate (CAGR) of 22.3% during 2023-2028.

A supercapacitor, also known as an ultracapacitor, refers to an electrochemical energy storage device that stores and releases energy by reversible absorption and desorption of ions. It comprises a porous electrode, an electrolyte, a current collector, and a separator with positive and negative electrodes. It is eco-friendly and easy and safe to operate, consumes less power and stores a large amount of energy. It is employed to deliver power and bridge power gaps between conventional capacitors. It is used as a replacement for the battery as a supercapacitor offers fast charging, long shelf life, and high energy density, capacitance, and reliability of performance. It provides enhanced low-temperature performance, offers wear and tear resistance, and enables high load currents due to its low resistance. It can be charged and discharged unlimited times while assisting in reducing the size, weight, and cost of the battery. As a result, the supercapacitor is widely utilized in video recorders, TV satellite receivers, alarm clocks, radios, process controllers, solar panels, electric cars, wind turbines, industrial electric motors, and photographic flash across the globe.

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Supercapacitor Market Trends and Drivers:

At present, the rising demand for supercapacitors in electric vehicles (EVs), fuel cell vehicles (FCVs), and hybrid electric vehicles (HEVs) to increase efficiency represents one of the key factors bolstering the growth of the market. Besides this, the growing utilization of supercapacitors in flashes for cameras to eliminate dark and blurry photos is offering a positive market outlook. Additionally, the rising awareness about eco-friendly energy storage equipment to minimize greenhouse gas emissions around the world is supporting the growth of the market. Moreover, governing agencies of various countries are promoting the usage of renewable energy systems in transportation, which is propelling the growth of the market. Apart from this, the rising installation of supercapacitors in solar photovoltaic (PV) panels across the globe is strengthening the growth of the market.

Moreover, the increasing adoption of supercapacitors to offer emergency shutdown power or backup to low-power equipment, such as random-access memory (RAM), static random access memory (SRAM), microcontrollers, and personal computer (PC) cards, is positively influencing the market. In addition, the rising utilization of supercapacitors in battle tank cold cranking, unmanned aerial vehicle (UAV) launchers, emergency power in mine-resistant ambush protected (MRAP) vehicles for door operators, and global positioning system (GPS) guided missiles is contributing to the growth of the market. Furthermore, key manufacturers are investing in research and development (R&D) activities to introduce a new 3-volt ultra-capacitor platform for wind turbines, which boosts energy and optimize cost system designs.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

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The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Product Type:

Breakup by Module Type:

Breakup by Material Type:

Breakup by End Use Industry:

Breakup by Region:

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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