Rockville , Oct. 29, 2023 (GLOBE NEWSWIRE) -- As per this new research published by Fact.MR, a market research and competitive intelligence provider, the global supercapacitor market stands at US$ 2.02 billion in 2023. Worldwide demand for supercapacitors is projected to accelerate at a CAGR of 14.9% from 2023 to 2033. Growing demand for supercapacitors in the automotive sector is projected to generate lucrative opportunities for market players over the coming years.
Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8886
High power density, fast charging function, and long shelf life of supercapacitors are estimated to bolster their demand. Rising demand for renewable energy systems along with favorable government regulations are projected to bolster market growth. A supercapacitor is an advanced technology used for multiple energy storage systems that provide more efficient power density compared to batteries.
| Report Attribute | Details |
| Value Projection (2033) | US$ 8.1 Billion |
| Growth Rate (2023-2033) | 14.9% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 25 Tables |
| No. of Figures | 132 Figures |
Key Takeaways from Market Study
- The global supercapacitor market was valued at US$ 1.75 billion in 2022.
- Worldwide demand for supercapacitors stands at a market value of US$ 2.02 billion in 2023.
- Sales of supercapacitors are projected to surge at a CAGR of 14.9% through 2033.
- The global market is anticipated to reach US$ 8.1 billion by 2033.
- The market in China is predicted to expand at 5.1% CAGR from 2023 to 2033.
- Global demand for hybrid capacitors is forecasted to accelerate at a CAGR of 19.4% through 2033.
“Rising demand for supercapacitors is attributed to their increasing use in hybrid vehicles and for stable power supply in electronic devices such as laptops, GPS, etc.,” says a Fact.MR analyst.
Growing Consumption of Electricity Driving Supercapacitor Demand
At present, rising consumption of electricity around the world is boosting the demand for supercapacitors to tackle power failure instances. Growing demand for effective devices to supply and transmit electricity across different industries is contributing to the growth of the market.
Increasing environmental concerns across geographies are stimulating government authorities from various countries to impose stringent regulations to minimize carbon emissions. This is leading to the adoption of renewable energy sources, including wind and solar power, which is predicted to increase sales of supercapacitors over the projected period.
Use of Supercapacitors in Automotive Sector
Supercapacitors are widely employed in the automotive sector to improve fuel efficiency and vehicle performance. They offer additional power to electrical systems in case of battery depletion. Increasing inclination toward hybrid and electric vehicles is also positively influencing market opportunities.
Key Market Players
- Maxwell Technologies,
- CAP-XX,
- KEMET Corporation,
- Eaton,
- Murata Manufacturing Co. Ltd.,
- AVX Corporation,
- Nippon Chemi-On,
- Panasonic Corporation,
- Blue Solutions,
- LOXUS Inc.,
- FastCAP Ultracapacitors Corporation,
- LS Mtron,
- Tecate Group,
- VINATech Co. Ltd.
Recent Developments:
- In August 2022, Kyocera AXA released its pouch-style product line of supercapacitors, which can be utilized by end users as a popular stand-alone power source for different types of systems. They can also take the place of batteries in certain cases.
- In 2019, Tesla purchased Maxwell Technology but sold the same brand and supercapacitor technology after two years in July 2021.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8886
Country-wise Insights:
How is the Supercapacitors Market in the United States Changing?
"Demand for supercapacitors is rising as renewable energy becomes more important."
In North America, sales of supercapacitors are expected to grow at a CAGR of 12%. According to estimates, the region's largest market is the United States. It is projected that growing use of renewable energy in the US will present profitable prospects for supercapacitor suppliers.
The United States installed 29 gigawatts of renewable energy in 2020, according to a March 2020 announcement from the International Renewable Energy Agency (IRENA). Over 80% of this figure was from 2019. 115 gigawatts of solar energy and 14 gigawatts of wind energy were among these renewable energy sources.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the supercapacitor market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights into the market based on type (electrical double layer capacitors, pseudo-capacitors, hybrid) and end use (automotive & transportation, industrial, energy & power, electronics, military & defense, aerospace & aviation), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
Explore More Related Studies Published by Fact.MR Research:
Integrated Passive Devices Market: The global integrated passive devices market is predicted to rise at a CAGR of 10.3% during 2022-2032.
SiC & GaN Power Semiconductor Market: SiC & GaN power semiconductor is expected to grow at a significant CAGR of around 22.9% during the period 2022-2032.
Semiconductor Robot Market: The global semiconductor robot market is estimated to project a valuation of US$ 1.1 billion in 2023 and is further to expand at a CAGR of 17.5% to reach a valuation of US$ 5.6 billion by the end of the forecast period.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
