Supercapacitors Market Set to Hit USD 21.7 Billion by 2033 | Rising Prevalence of Energy Storage Solutions

New York, Jan. 30, 2024 (GLOBE NEWSWIRE) -- According to, The Supercapacitors Market size is expected to be worth around USD 21.7 Billion by 2033, from USD 4.3 Billion in 2023, growing at a CAGR of 17.7% during the forecast period from 2024 to 2033.

Supercapacitors, also known as ultracapacitors, represent a distinct category of energy storage devices, distinguishing themselves from conventional capacitors and batteries. Characterized by their high power capacity and extended lifespan, supercapacitors can rapidly charge and discharge energy, making them highly efficient for short-term energy storage. This efficiency is attributed to their unique construction, which involves electrodes immersed in an electrolyte with an electrically insulating separator between them.

The supercapacitors market is witnessing significant growth, driven by the escalating demand for energy-efficient, high-performance storage solutions across various industries. The growth of the market can be attributed to several factors, including technological advancements in materials science, increasing adoption in automotive applications, particularly in electric vehicles for regenerative braking systems, and the expanding renewable energy sector.

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Supercapacitors Market

Important Revelation:

  • The Supercapacitors Market is projected to grow at an impressive CAGR of 17.7%. It is expected to increase from USD 5.0 billion in 2024 to USD 21.7 billion by 2033.
  • Electrochemical Double Layer Capacitors (EDLC) held the dominant position in the market in 2023, with a share of over 68%.
  • Activated carbon was the dominant material in 2023, capturing more than 74% of the market share.
  • The Automotive and Transportation segment held a dominant position in 2023, with over 32% market share.
  • Asia-Pacific emerged as the dominant region in 2023, with more than 36% market share.
  • Key players in the Supercapacitors Market include Maxwell Technologies (acquired by Tesla, Inc.), Nesscap Energy (acquired by Maxwell Technologies), Ioxus, Skeleton Technologies, and others.

Factors Affecting the Growth of the Global Supercapacitors Market

  1. Technological Advancements: Innovations in electrode materials and electrolytes are pivotal. Advancements in nanotechnology and material science, leading to the development of higher surface area electrodes and improved ion-transport mechanisms, contribute significantly to enhancing the energy density, power density, and overall efficiency of supercapacitors.
  2. Increasing Demand in Automotive Applications: The integration of supercapacitors in electric vehicles for regenerative braking systems, start-stop systems, and power stabilization significantly drives market growth. The automotive industry's shift towards electric and hybrid vehicles creates a substantial demand for high-performance energy storage solutions.
  3. Renewable Energy Integration: The expanding renewable energy sector, including solar and wind energy, necessitates efficient energy storage systems for managing intermittent energy supply. Supercapacitors, with their ability to quickly charge and discharge, are ideal for bridging short-term gaps in energy supply, thereby supporting market growth.
  4. Consumer Electronics and Mobile Technology: The demand for compact, high-efficiency energy storage solutions in consumer electronics like smartphones, laptops, and wearable devices contributes to market expansion. The rapid charging capabilities and extended life cycles of supercapacitors are advantageous in these applications.

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Competitive Landscape

The competitive landscape of the market has also been examined in this report. Some of the major players include:

  • Maxwell Technologies (acquired by Tesla, Inc.)
  • Nesscap Energy (acquired by Maxwell Technologies)
  • Ioxus
  • Skeleton Technologies
  • Panasonic Corporation
  • NEC Energy Solutions
  • KEMET Corporation
  • CAP-XX Limited
  • Eaton Corporation
  • Nippon Chemi-Con Corporation
  • LS Mtron
  • Nichicon Corporation
  • Other Key Players

Recent Developments

  • In 2023, Panasonic Corporation: Automotive Supercapacitor Modules: Panasonic launched its Automotive Grade Supercapacitor Modules in 2023, specifically designed for the harsh operating conditions of vehicles. These modules offer high reliability, long lifespan, and excellent thermal management, making them suitable for start-stop systems and regenerative braking applications.
  • In 2023, Skeleton Technologies: Ultra-high Energy Density Supercapacitors: Skeleton Technologies made headlines with its SkelCap supercapacitors achieving a record-breaking energy density of 26 Wh/kg in 2023. This significantly surpasses the capabilities of traditional supercapacitors and opens doors for their use in electric vehicles and grid storage.

Scope of the Report

Report AttributesDetails
Market Value (2023)USD 4.3 Billion
Forecast Revenue 2033USD 21.7 Billion
CAGR (2024 to 2033)17.7%
Asia-Pacific Revenue Share36.0%
Base Year2023
Historic Period2018 to 2022
Forecast Year2024 to 2033

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Report Segmentation

Product Type Analysis

In 2023, the Electrochemical Double Layer Capacitors (EDLC) segment held a dominant market position, capturing more than a 68% share of the global supercapacitors market. This significant market share can be attributed to several factors. Primarily, EDLCs are favored for their relatively simple design and manufacturing process, which contributes to cost-effectiveness and scalability in production. Their ability to provide high power density makes them ideal for applications requiring rapid charge-discharge cycles, such as in power backups, regenerative braking systems in vehicles, and short-term energy storage in renewable energy installations.

Furthermore, the EDLC segment benefits from continuous improvements in material science, particularly in the development of advanced electrode materials and electrolytes, which enhance their performance and energy efficiency. These capacitors, known for their remarkable cycling stability, can endure millions of charge-discharge cycles with minimal degradation, making them highly reliable and durable over time. This durability is a crucial factor in industries where long-term performance and low maintenance are paramount.

Material Analysis

In 2023, the Activated Carbon segment held a dominant market position in the supercapacitors materials market, capturing more than a 74% share. This notable dominance can be largely ascribed to the unique properties of activated carbon that make it highly suitable for supercapacitor electrodes. Activated carbon is characterized by its high surface area, which is crucial for storing a significant amount of electrical charge. This high surface area translates into greater energy storage capacity, a key factor driving its widespread use in supercapacitors.

Another advantage of activated carbon is its cost-effectiveness and wide availability. Compared to other advanced materials, it is relatively inexpensive to produce and is readily available, making it a go-to choice for manufacturers looking to produce affordable supercapacitors. This cost advantage is essential in maintaining the competitive pricing of supercapacitors in the market.

End-User Analysis

In 2023, the Automotive and Transportation segment held a dominant market position in the supercapacitors market, capturing more than a 32% share. This significant market share is primarily driven by the increasing integration of supercapacitors in the automotive industry, particularly in electric and hybrid vehicles. Supercapacitors' ability to quickly charge and discharge at high power levels makes them ideal for applications such as regenerative braking systems and start-stop systems in vehicles. In these applications, supercapacitors enhance energy efficiency by capturing and reusing the energy that would otherwise be lost during braking and idling.

The automotive industry's ongoing shift towards electric mobility and the growing demand for energy-efficient vehicles further propel the demand for supercapacitors in this sector. They are increasingly being used to complement or replace traditional batteries, offering a solution to the limitations of battery technology in terms of power density and charging times.

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Supercapacitors Market Share

Key Market Segments

By Product Type

  • Electrochemical Double Layer Capacitors (EDLC)
  • Pseudocapacitors
  • Hybrid Capacitors

By Material Analysis

  • Activated carbon
  • Carbide derived carbon
  • Carbon aerogel
  • Other Materials


  • Automotive and Transportation
  • Industrial
  • Electronics
  • Energy and Power
  • Military and Defense
  • Aerospace and Aviation
  • Other End-Users

Regional Analysis

In 2023, the Asia-Pacific (APAC) region held a dominant position in the supercapacitors market, capturing more than a 36% share. This leading market share can be attributed to several key factors that are unique to the region. Firstly, APAC is home to some of the world’s fastest-growing economies, where rapid industrialization and technological advancements are driving the demand for innovative energy storage solutions like supercapacitors.  The demand for supercapacitors in Asia-Pacific (APAC) reached US$ 1.5 billion in 2023, and there are optimistic projections for significant growth in the foreseeable future.

Supercapacitors Market Region

By Geography

  • North America
    • The US
    • Canada
  • Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Russia
    • Netherland
    • Rest of Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • New Zealand
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA

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