Super Capacitor in the Consumer Electronics Market Size was valued at USD 0.15 Billion in 2022. The Super Capacitor in the Consumer Electronics market industry is projected to grow from USD 0.17 Billion in 2023 to USD 0.48 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.85% during the forecast period (2024 - 2032). Supercapacitors are being used more often in renewable energy facilities, and they are being thought of as a potential replacement for traditional batteries. These are the key market drivers augmenting the growth of the industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Market CAGR for super capacitor in the consumer electronics is being driven by the increased use of supercapacitors in more renewable energy producing facilities. Supercapacitors are utilized in a variety of applications, including kitchens, televisions, HVAC systems, control panels, smart door locks, electrical control systems, home theater systems, intercom systems, video surveillance, and burglar alarms.
Additionally, as the world shifts to cleaner energy sources, there has been a noticeable growth in the development of renewable energy power plants worldwide. The growing need for sustainable energy alternatives is fueling the market for Supercapacitors to increase. Supercapacitors are employed in a variety of energy storage systems because they provide more energy density and a higher power density than conventional capacitors and batteries. High specific capacitance and electrical stability are other benefits that supercapacitors offer for effectively powering microgrids. Power facilities that rely on solar and wind energy are two main Supercapacitors applications. Micro grids for the production of renewable energy are heavily dependent on these capacitors for power.
Supercapacitors have the potential to be used as dependable energy storage solutions in solar photovoltaic (PV) panels and solar illumination. Supercapacitors are also starting to take the lead in big wind turbine pitch control applications, and the market for these devices is predicted to continue to increase as renewable wind energy becomes more widely adopted worldwide. Compared to conventional batteries, which complete the same task far more slowly, Supercapacitors can charge and deliver energy more quickly. These capacitors with electrodes and electrolytes may charge and discharge rapidly over a very long number of cycles, which makes them a practical replacement for traditional batteries in a variety of applications.
For instance, lithium-ion batteries cost between $500 and $1,000 per kWh of energy storage, but Supercapacitors used in electric vehicles cost between $2,500 and $6,000 per kWh. Thus, result in driving the Super Capacitor in the Consumer Electronics market revenue.
The Super Capacitor in the Consumer Electronics Market segmentation, based on Product type includes Double Layer Capacitors, Pseudocapacitors, and Hybrid Capacitors. The double layer capacitors segment dominated the market. Conventional batteries are being replaced with double-layered capacitors. These capacitors function incredibly well in all applications that need for a steady supply of energy over a brief period of time. In consumer electronics, double-layered capacitors are taking the place of traditional batteries in devices like smart wearable, laptops, and foldable phones.
The Super Capacitor in the Consumer Electronics Market segmentation, based on Module, includes less than 25V, 25-100V, and above 100V. The less than 25V category generated the most income. The market is greatly supported by the expanding consumer electronics industry, where these low-voltage modules work well with devices. Less than 25V Supercapacitors perform well in these applications because they provide rapid charge and discharge cycles without sacrificing longevity.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Super Capacitor in the Consumer Electronics market area will dominate this market, because of the existence of high-tech sectors, the widespread use of electric vehicles, and the emphasis on renewable energy sources. The market in his area is further boosted by the expanding use of electric vehicles and government programs that favor sustainable energy sources.
Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Japan, India, Australia, South Korea, Spain, China, and Brazil.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Super Capacitor in the Consumer Electronics market has the second-largest portion of the market because the use of electric vehicles is growing. Further, the German Super Capacitor in the Consumer Electronics market maintained the most market share, and the UK Super Capacitor in the Consumer Electronics market was the European market with the quickest rate of growth.
The Asia-Pacific Super Capacitor in the Consumer Electronics Market is expected to grow at the fastest compound annual growth rate (CAGR) from 2023 to 2032. This is because of its expanding manufacturing and industrial sectors. Moreover, China’s Super Capacitor in the Consumer Electronics market maintained the most market share, and the Indian Super Capacitor in the Consumer Electronics market was the Asia-Pacific region's fastest-growing market.
Leading market players are putting a lot of money into R&D to expand their product line, which helps the consumer electronics industry's use of Supercapacitors, grow even more. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, Super Capacitor in the Consumer Electronics industry must provide reasonably priced goods.
One of the main business strategies employed by manufacturers is to manufacture locally in order to reduce operating expenses in the global Super Capacitor in the Consumer Electronics industry to help customers and expand the market segment. In recent years, the Super Capacitor in the Consumer Electronics industry has provided some of the biggest benefits to medicine. Major players in the Super Capacitor in the Consumer Electronics market, including UCAP Power, Panasonic, CAP XX, Skeleton Technologies, and LS Mtron, and others, are engaging in research and development activities in an effort to boost market demand.
Maxwell Technologies Inc. is known as American manufacturer and developer; it has its main office in San Diego, California. The company's primary focus is on creating and producing energy storage and power distribution solutions for use in wireless communications, heavy machinery, automobiles, renewable energy, backup power, and consumer and industrial electronics. In July 2021, Tesla acquired the trademark and ultracapacitor business of Maxwell Technologies to Ucap Power, a San Diego-based startup headed by Gordon Schenk, a former vice-president of sales at Maxwell.
Panasonic Holdings Corporation[a] is a multinational electronics business based in Japan. Panasonic offers a broad range of goods and services, including rechargeable batteries, automotive and avionic systems, industrial systems, as well as house building and restoration. In the late 20th century, it was the leading producer of consumer electronics worldwide. In addition to being a component of the TOPIX 100 and Nikkei 225 indices, Panasonic is primarily listed on the Tokyo Stock Exchange. The Nagoya Stock Exchange is home to its secondary listing. In March 2021, According to reports, Panasonic will purchase Blue yonder for $US6.45 billion after paying 86 billion yen in 2020 for a 20% ownership in the company. This transaction is regarded as the largest since 2011.
February 2022: CAP-XX and Continental Automotive GmbH, a Tier 1 automotive supplier, signed a sourcing agreement so that CAP-XX could supply DMT220 prismatic super caps for one of Continental's strategic vehicle programs.
December 2021: Cornell Dubilier declared that one of its divisions. With the acquisition of NWLnc's capacitor-producing assets, CD Snow Hill, LLC is better equipped to provide customized high voltage film capacitors for power conversion and pulsed power applications. As a result, the company can now better serve its industrial, military, and medical clientele.
October 2021: Nippon Chemi-Con's super capacitor DLCAPTM modules are the ideal backup power source in scenarios including power interruptions. These goods are designed especially to be used with industrial machinery.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.15 Billion |
| Market Size 2023 | USD 0.17 Billion |
| Market Size 2032 | USD 0.48 Billion |
| Compound Annual Growth Rate (CAGR) | 13.85% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Module, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, German, France, UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil |
| Key Companies Profiled | UCAP Power, Panasonic, CAP XX, Skeleton Technologies, LS Mtron, Nesscap Energy Inc. (Canada), loxus (US), Vina Technology (South Korea), and Maxwell Technologies, Inc. (US) |
| Key Market Opportunities | · Supercapacitors are being investigated as a potential replacement for traditional batteries. |
| Key Market Dynamics | · Supercapacitors are being used in more renewable energy producing facilities. |
Frequently Asked Questions (FAQ) :
In 2022, the global market for Supercapacitors in the consumer electronics sector was estimated to be worth USD 0.15 billion.
From 2024 to 2032, It is anticipated that the global market will grow at a 13.85% compound annual growth rate (CAGR).
North America held the most market share worldwide.
UCAP Power, Panasonic, CAP XX, Skeleton Technologies, LS Mtron, and Nesscap Energy Inc. (Canada) are the major companies in the market.
By 2022, the Double Layer Capacitors category was the market leader.
The global market share held by Less than 25V was the highest.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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