Electric Double-layer Capacitor Market is expected to grow at a CAGR of 13.60% by 2032

Rising demand for electric vehicles (EVs) has led to increased demand for EDLCs as they provide rapid energy storage and release, making them well-suited for regenerative braking and power boosts during acceleration. This advantage of EDLCs is expected to drive market expansion in the near future at a CAGR of 13.60% during the forecast period 2024 to 2032.

Market Research Future (MRFR) has published a latest research report on the “Global Electric Double-layer Capacitor (EDLC) Market” that contains information from 2018 to 2032. The Electric Double-layer Capacitor (EDLC) market is estimated to register a CAGR of 13.60% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Electric Double-layer Capacitor (EDLC) market— Cellergy Ltd. (P.c.b Technologies), CAP-XX, Epcos (TDK Corporation), KEMET Electronics Corporation, Maxwell Technologies, Inc., Murata Manufacturing Co., Ltd., Nippon Chemi-Con Corporation, Nichicon Corporation, Panasonic Corporation, and Vishay Technologies.

Electric Double layer Capacitor Market Highlights

The global Electric Double-layer Capacitor (EDLC) market is accounted to register a CAGR of 13.60% during the forecast period and is estimated to reach USD 1.92 billion by 2032.

The growing emphasis on sustainable and eco-friendly energy storage solutions is propelling the demand for EDLCs, which are known for their high energy efficiency and long cycle life. Additionally, the increasing adoption of electric vehicles (EVs) and renewable energy sources such as wind and solar power is boosting the EDLC market, as these capacitors can provide rapid bursts of power and efficiently store energy in these applications. Furthermore, EDLCs are finding applications in various industries, including consumer electronics, industrial equipment, and telecommunications, due to their ability to provide quick energy bursts and extend battery life. The ongoing research and development efforts to enhance performance and reduce the cost of EDLCs are also fueling market growth.

Segment Analysis

The global Electric Double-layer Capacitor (EDLC) market has been segmented into End User.

Based on End User, the global Electric Double-layer Capacitor (EDLC) market has been segmented into Consumer Electronics, Energy and Utilities, Industrial, and Automotive/Transportation. The automotive/transportation segment was expected to hold the largest market share in 2022. The dominant position of Automotive/Transportation segment is closely tied to the expanding electric vehicle market, the enforcement of rigorous environmental regulations and emission standards, and the rising preference for hybrid vehicles. Additionally, the continual research and development endeavors within the automotive industry are strengthening the sector's prominence.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Electric Double-layer Capacitor (EDLC) Market Research Report

Regional Analysis

The global Electric Double-layer Capacitor (EDLC) market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Electric Double-layer Capacitor (EDLC) market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Electric Double-layer Capacitor (EDLC) market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Electric Double-layer Capacitor (EDLC) market comprises of Middle East, Africa, and Latin America.

The North American regional sector maintained the largest market share for Electric Double-layer Capacitor (EDLC). This has been attributed to North America's early adoption of electric vehicles (EVs) and stringent emission regulations. The region has a well-established automotive industry with significant investments in EV technology. Additionally, government incentives and a growing environmental consciousness have accelerated the adoption of EDLCs for energy storage in EVs and renewable energy systems.

Moreover, Europe has been a leader in promoting sustainable transportation and renewable energy solutions. Strong regulatory support, robust infrastructure for EV charging, and a rapidly growing EV market have made EDLCs a vital component in this region. European countries are actively investing in research and development, contributing to the dominance of EDLCs in the market.

Asia-Pacific is home to the world's largest automotive and electronics industries, making it a significant market for EDLCs. The region's burgeoning EV market, along with the presence of key manufacturing hubs, is driving EDLC production and innovation. Furthermore, the rapid urbanization and increasing demand for clean energy sources in countries like China and Japan have boosted the demand for EDLCs.

Furthermore, the rest of the world's Electric Double-layer Capacitor (EDLC) market is divided into the Middle East, Africa, and Latin America. This growth is attributed to rising economic development, a growing need for sustainable energy sources, and increased EV adoption.

Key Findings of the Study

• The global Electric Double-layer Capacitor (EDLC) market is expected to reach USD 1.92 billion by 2032, at a CAGR of 13.60% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the globe's largest automotive and electronics sectors, surging electric vehicle (EV) industry, prominent manufacturing centers, fuel EDLC production and advancement, and the swift toward urbanization in countries like China and India.


• Based on end user, the automotive/transportation segment was attributed to holding the largest market in 2022, with an approximate one-third market share.


• Cellergy Ltd. (P.c.b Technologies), CAP-XX, Epcos (TDK Corporation), KEMET Electronics Corporation, Maxwell Technologies, Inc., Murata Manufacturing Co., Ltd., Nippon Chemi-Con Corporation, Nichicon Corporation, Panasonic Corporation, and Vishay Technologies.