Navigating the Supercapacitors/Ultracapacitors Market Set to Reach $32.69 Billion by 2033

26 Apr 2024

Supercapacitors, also known as ultracapacitors, are advanced energy storage devices offering rapid charging and discharging capabilities, high power density, and longer life cycles than traditional batteries. They find applications in various sectors, such as automotive, renewable energy, consumer electronics, and industrial power management.

The market demand for supercapacitors is increasing due to the need for sustainable and efficient energy solutions, leading to significant investment in research and development to improve energy densities and reduce manufacturing costs. This also contributes to the global transition towards green energy, positioning supercapacitors as crucial to future energy strategies.

According to BIS Research, the global supercapacitors/ultracapacitors market is projected to reach $32.69 billion by 2033 from $5.30 billion in 2023, growing at a CAGR of 19.93% during the forecast period 2023-2033. 

Supercapacitors/Ultracapacitors Market Analysis: Drivers, Opportunities and Challenges

Market Demand Drivers:

The global supercapacitors/ultracapacitors market is growing due to their increased use in energy storage and wind power systems and their adoption of electric vehicles (EVs) for better energy management and performance.

Additionally, their popularity in portable electronics is rising because of their compact size, durability, and fast charging capabilities, meeting the needs of modern devices.

Market Restraints:

Despite their promise, the market faces high production and implementation costs, limiting their widespread adoption, especially in cost-sensitive markets.

Moreover, their suitability mainly for short-term energy storage hinders their use in applications requiring prolonged energy supply, limiting their market potential.

Market Opportunities:

There are significant opportunities for supercapacitors, particularly in the aviation sector, where they offer efficient energy management for aircraft systems.

Moreover, their advantages over traditional batteries, including longevity, faster charging times, and environmental friendliness, present opportunities for growth across various industries seeking efficient and sustainable energy storage solutions.

Access Free Sample Report

Supercapacitors/Ultracapacitors Market Segments

Segmentation 1: by Application
• Aerospace and Defense
• Automotive
• Consumer Electronics
• Energy
• Industrial

Segmentation 2: by Type
• Double-Layer Capacitors
• Hybrid Capacitors
• Pseudocapacitors

Segmentation 3: by Material
• Activated Carbon
• Carbide-Derived Carbon
• Carbon Aerogel
• Graphene

Segmentation 4: by Module Type
• Less than 10 Volts
• 10 Volts to 25 Volts
• 25 Volts to 50 Volts
• 50 Volts to 100 Volts
• Above 100 Volts

Segmentation 5: by Region
• North America
• Europe
• Asia-Pacific
• Rest-of-the-World

Overview: Supercapacitors, segmented by application, are prominent in automotive, enhancing hybrid and electric vehicle performance through high power density and rapid charge/discharge cycles, pivotal for energy efficiency and emission reduction. Double-layer capacitors, the leading type, utilize activated carbon electrodes, which are ideal for short-duration energy storage in wind power and industrial automation.

Activated carbon, a preferred material, facilitates high capacitance and swift ion transport, ensuring quick charge/discharge and stability. Supercapacitor modules under 10 volts dominate, catering to low-voltage applications like consumer electronics, wearables, and IoT devices. Asia-Pacific leads the market regionally, driven by innovation and a focus on sustainable energy, particularly in electronics and electric vehicles.

Download Complete TOC

Key Players in the Supercapacitors/Ultracapacitors Market

•    Maxwell Technologies
•    KEMET Corporation
•    Panasonic Holdings Corporation
•    CAP-XX
•    Ioxus, Inc.
•    LS Corp.
•    Nippon Chemi-Con Corporation
•    Skeleton Technologies
•    Yunasko
•    ELNA Co. Ltd.
•    Nantong Jianghai Capacitor Co., Ltd.a
•    Supreme Power Solutions Co., Ltd.
•    Korchip Corporation
•    VINATech Co., Ltd.
•    Eaton

Access Market Insight

Analyst View

BIS Principal Analyst: “The unique value proposition of supercapacitors, including their rapid charge-discharge cycles, high power density, and longevity, makes them indispensable in applications demanding efficient energy solutions. Despite facing challenges such as high costs and technological hurdles, the industry is poised for growth, driven by advancements in materials science and increasing environmental sustainability demands. The potential for supercapacitors to complement or replace traditional batteries, especially in sectors prioritizing quick energy delivery and durability, marks them as a key technology in the transition toward cleaner energy and more efficient electronic devices.”

Interested to know more about the growing technologies in your industry vertical? Get the latest market studies and insights from BIS Research. Connect with us at to learn more.