Super Capacitors Market

• Need for communication systems in telecom and space is driving market growth

For continuous operation, the charging and discharging of Super capacitors are crucial in supporting peak loads and backup power. Smart meters, smoke detectors, video doorbells, and other battery-operated industrial applications are included. Several vendors are introducing new products to support this. For example, Texas Instruments (TI) just unveiled a new bidirectional buck/boost converter with an IQ of 60 nA. The TPS61094 buck/boost converter also features a buck mode for super capacitor charging while delivering ultra-low IQ, allowing engineers to increase battery life by up to 20%. This is in contrast to frequently used hybrid-layer capacitors. (Hybrid-layer capacitors, or HLCs).

Based on current Super capacitor technology, more investigation is being done into creating inexpensive and creative solutions. It emphasizes the need to lower the cost of producing carbon-based electrodes and our dependence on key components while providing a more cost-effective and environmentally friendly alternative to the current models. For instance, scientists at Imperial College London and University College London (UCL) have recently created an electrode material for Super capacitors that is more energy-dense and environmentally friendly, paving the way for increased market adoption of high-power, quick-charging electric vehicle technology.

The demand for Super capacitors has recently been driven by communication systems in telecom and space. At its Vikram Sarabhai Space Center (VSSC), the Indian Space Research Organization (ISRO) created the technology for processing Super capacitors (2.15 V) of various capacitance values, i.e., 5 F, 120 F, 350 F, and 500 F, addressing specific applications related to spatial requirements and societal requirements. In several ways, super capacitors are successfully used to increase the efficiency of hybrid electric vehicles.

For instance, Maxwell created a lead-acid battery connected to a super capacitor to swap out a conventional car battery. This application is based on the theory that high energy demands, like starting a car, reduce the battery's overall energy capacity. The business offers a line of super capacitor-based modules with a 3000°F operating temperature. Super capacitors have been sold for hybrid start-stop applications 600,000. Additionally, several market vendors have noticed increased sales in the electric vehicle sector, driving the growth of super capacitors in the automotive sector.

For instance, EV volumes predicted sales of 10,6 million units for 2022, representing an increase of 57 percent over 2021, with BEVs reaching 8 million units and PHEVs 2,6 million units. Additionally, it was predicted that by the end of 2022, there would be close to 27 million EVs, including light vehicles, of which 70% would be BEVs and 30% PHEVs. Thus, driving the super capacitor’s market revenue.

The Global Super Capacitors Market Industry experiences a surge in demand for efficient energy storage solutions across various sectors. This demand is driven by the increasing need for renewable energy integration and the growing adoption of electric vehicles. In 2024, the market is projected to reach 0.66 USD Billion, reflecting a shift towards sustainable energy practices. Industries such as automotive and consumer electronics are particularly focused on super capacitors due to their rapid charging capabilities and longevity. As the world transitions to greener technologies, the Global Super Capacitors Market Industry is poised for substantial growth.

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American super capacitor market will dominate this market. Due to the large and medium-sized automotive industries' demand for super capacitors, the growth of super capacitors has been supplemented.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Super Capacitors Market SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s super capacitors market accounts for the second-largest market share; this dominance can be attributed to the rising interest in energy storage technologies and the region's growing demand for electric vehicles. Moreover, the region's electronics and automotive industries are experiencing a rise in super capacitor demand. Further, the German super capacitors market held the largest market share, and the UK super capacitors market was the fastest-growing market in the European region.

The Asia-Pacific Super Capacitors Market is expected to grow at the fastest CAGR from 2024 to 2032. To reach the carbon neutrality goals by 2060, China's super capacitor demand is anticipated to increase at one of the fastest rates in the world for a very long time. The overall market share of super capacitors in China would keep growing due to the rising demand in downstream markets, such as electric vehicles. Many new players have established positions in the market thanks to government support for the policy.

Moreover, China’s super capacitors market held the largest market share, and the Indian super capacitors market was the fastest-growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the super capacitors market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The super capacitors industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global super capacitors industry to benefit clients and increase the market sector. The super capacitors industry has offered some of the most significant advantages in recent years. Major super capacitor market players, including Panasonic Corporation (Japan), Maxwell Technologies Inc. (U. S), Murata Manufacturing Co. Ltd. (Japan), CAP-XX Limited (Australia), Nesscap Energy Inc. (Canada), AVX Corp (U.S), DuPont (U. S.), Axion Power International Inc. (U.

S.), Haydale (U.K), Komatsu Ltd. (Japan), Toyota Motor Sales Inc. (U.S.) and others, are attempting to increase market demand by investing in research and development operations.

DuPont (U.S.), Often abbreviated as DuPont, the French-American industrialist and chemist Éleuthère Irénée du Pont de Nemours founded the multinational chemical company in 1802. The business began as a significant supplier of gunpowder and later played a significant role in the growth of Delaware. In the 20th century, DuPont produced a variety of polymers, including Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kapton, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona, Corfam, and Lycra. Its scientists also produced a variety of chemicals, most notably Freon (chlorofluorocarbons), for the refrigerant. Additionally, it produced synthetic paints and pigments like ChromaFlair.

AVX Corp (US), An extensive range of the cutting-edge sensor, control, connector, and antenna solutions are also available from KYOCERA AVX, a well-known global manufacturer and supplier of advanced electronic components. These components include capacitors, inductors, filters, resistors, couplers, diodes, and circuit protection devices. With 33 research, design, manufacturing, and customer support facilities spread across 16 nations, KYOCERA AVX offers several competitive advantages, such as delivery and production capabilities tailored to each customer's unique just-in-time inventory needs, as well as a global engineering team with experience in creating new-to-market product solutions specifically created to satisfy each customer's specific application needs.