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Supercapacitor Market Size, By Type (Electrostatic Double-Layer Capacitor (EDLC), Pseudo-Capacitor, Hybrid Capacitor), By Electrode Material (Carbon-based Supercapacitor, Metal Oxide-based Supercapacitor, Conducting Polymer-based Supercapacitor, Composite-based Supercapacitor), By Application (Consumer Electronics & Home Appliances, Automotive & Transportation, Energy & Utilities, Industrial, Aerospace & Defense), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI3732
  • Published Date: Dec 2021
  • Report Format: PDF

Industry Trends

Supercapacitor Market size exceeded USD 2 billion in 2020 and is anticipated to grow at over 15% CAGR from 2021 to 2027. The market growth is due to the increasing adoption of industrial robotics and automation technology in the manufacturing sector. The deployment of these capacitors in industrial robots and Automated Guided Vehicles (AGVs) offer several advantages including fast charging, optimal performance in low-temperature environments, and a longer life cycle.
 

Supercapacitor Market Overview

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According to the World Robotics Report 2021, global robot installations are expected to increase by 13% to 435,000 units in 2021, up from 384,000 units in FY2020. Furthermore, industrial robot installation in North America is slated to rise by 17% to nearly 43,000 units while in Europe it is estimated to rise by 8% to nearly 73,000 units. The increased global penetration of automated robotics solutions in manufacturing facilities will support the demand for supercapacitor in the coming years.
 

The COVID-19 outbreak had a negative impact on the supercapacitor market, resulting in the closure of several supercapacitor and electrode material manufacturing plants. Owing to supply chain interruptions, these manufacturers faced a number of issues including scarcity of raw materials and limited financial support. However, manufacturers were encouraged to rearrange their manufacturing facilities and raise their investments in the supercapacitor industry to acquire a major competitive edge in the market.
 

Growing acceptance of Electrostatic Double-Layer Capacitor (EDLC) in the energy sector will accelerate the market expansion

EDLC dominated more than 65% of the supercapacitor market share in 2020 and is projected to witness 14.5% growth rate through 2027. The industry growth is driven by several high-end features offered such as low pollution, maintenance-free, long operating life, and high efficiency. These features assist users in maintaining the backup power supply in driver recorders, smart meters, and servers. Several manufacturers based in the U.S. are emphasizing on developing innovative products with enhanced internal resistance to increase their market footprints.
 

Rising demand for portable electronic devices to propel the market progression

Supercapacitor Market Share

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The carbon-based material segment in the supercapacitor market held 60% of revenue share in 2020 and is estimated to attain a CAGR of 14% till 2027. The industry expansion led by an increasing demand for high-energy storage capacity in consumer electronics such as smartphones, tablets, and laptops, among others. Carbon-based capacitors enable batteries to fully charge in a short period while maintaining power efficiency for a prolonged period. Several industry players are focusing on developing high performing materials to serve the growing industry demand.
 

Favorable government initiatives to promote domestic automotive manufacturing will spur the market value

Supercapacitor Market Size

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The automotive & transportation segment accounted for 35% of the supercapacitor market share in 2020 and is poised to expand at more than 15% CAGR by 2027. The industry progression can be credited to rising government initiatives to support domestic automotive and automotive component manufacturing. For instance, in September 2021, the Indian government announced the revised Production Linked Incentive (PLI) scheme to support the manufacturing of automotive components in the country. The components covered under this scheme include supercapacitor, sensors, electric steering systems, and automatic braking systems, among others.
 

Increased investments to support clean energy adoption to stimulate the growth opportunities for APAC region

APAC Supercapacitor Market

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Asia Pacific supercapacitor market captured 45% of revenue share in 2020 and is predicted to register growth of 17% during 2021 to 2027. The industry demand is attributed to increasing acceptance of key initiatives in Asian countries, such as China, India, and Japan, to promote the establishment of clean energy power plants. For instance, in December 2020, China Engineering Group partnered with the Erdos City Government to invest USD 3.63 billion in the development of an integrated energy base. The government intends to build an 8 Gigawatts (GW) coal-fired power plant in the region, a 1 GW wind energy, and a 5 GW solar energy base.
 

Focus on new strategic initiatives to remain competitive in the industry

Key players in the supercapacitor market include KYOCERA AVX Components Corporation, Eaton, Evans Capacitor, and Loxus Inc. These leaders are extensively focusing developing strategic partnerships and acquisitions to spur their product offerings and cater to the market competitiveness.
 

The supercapacitor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:

Market, By Type

  • Electrostatic Double-Layer Capacitor (EDLC)
  • Pseudo capacitor
  • Hybrid capacitor

Market, By Electrode Material

  • Carbon-based supercapacitor
  • Metal oxide-based supercapacitor
  • Conducting polymer-based supercapacitor
  • Composite-based supercapacitor

Market, By Application

  • Consumer electronics & home appliances
  • Automotive & transportation
  • Energy & utilities
  • Industrial
  • Aerospace & defense
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa

 

Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

The market for supercapacitor surpassed USD 2 billion in 2020 and will exhibit CAGR of over 15% through 2027, says this GMI report.

Automotive & transportation application of supercapacitors is poised to witness 15% gains up to 2027 with rising government initiatives to support domestic automotive and automotive component manufacturing.

Carbon-based material segment will record a growth rate of around 14% till 2027 with the increasing application in high-energy storage capacity in consumer electronics such as smartphones, tablets, laptops, etc.

Asia Pacific market will observe a CAGR of over 17% through 2027 with increasing initiatives in the regional countries to promote the establishment of clean energy power plants.

Key players active in the industry include KYOCERA AVX Components Corporation, Eaton, Evans Capacitor, and Loxus Inc., among others.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 22
  • Tables & Figures: 245
  • Countries covered: 17
  • Pages: 250

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