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Automotive Ultracapacitor Market Size - Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

  • Report ID: GMI2369

Automotive Ultracapacitor Market Size

Automotive Ultracapacitor Market size is projected to grow at a notable CAGR between 2024 and 2032, attributed to the industrys shift towards electrification and autonomous driving technologies. These advancements require rapid energy storage and release, a task for which ultracapacitors are well-suited. As automakers seek to improve the efficiency and performance of electric and autonomous vehicles, the demand for ultracapacitors as energy storage solutions continues to rise, driving industry growth.

For instance, in October 2023, Abracon unveiled a new series of 2.7V and 3.0V EDLC radial supercapacitors, offering exceptional performance, reliability, and versatility. These supercapacitors have the potential to transform energy supply and storage.

The automotive ultracapacitor industry is experiencing growth driven by advancements in technology and the development of lightweight, compact designs. Manufacturers are introducing innovative ultracapacitors with improved performance and efficiency, making them ideal for automotive applications. These advancements enable rapid energy storage and release, enhancing the efficiency and performance of hybrid and electric vehicles. As automakers seek lightweight and space-saving solutions, the demand for ultracapacitors in automotive applications continues to rise.

For instance, in March 2023, KEMET unveiled the FMU Series, a high-performance supercapacitor designed for automotive electronics. This compact supercapacitor offers an extended lifetime, high power density, rapid charging, and reliability at 105°C for automotive energy storage applications.

The high initial costs of ultracapacitor technology and complexities in integration create hurdles to the growth of the automotive ultracapacitor market. However, they drive innovation and efficiency. Automakers are investing in research and development to overcome these barriers, leading to advancements in ultracapacitor technology. As the industry continues to evolve, solutions are being developed to streamline integration processes and reduce costs, paving the way for the widespread adoption of ultracapacitors in automotive applications.

Automotive Ultracapacitor Market Trends

The automotive ultracapacitor industry is propelled by the trend of rising adoption of hybrid and electric vehicles for energy storage. Ultracapacitors offer high performance and energy efficiency, meeting the demands of modern automotive systems. As automakers prioritize sustainability and fuel efficiency, the use of ultracapacitors in vehicles is growing. This trend is fueling market growth as ultracapacitors become integral components in hybrid and electric vehicles for efficient energy storage solutions.

For instance, in September 2022, GODI India introduced high-power supercapacitors for EVs and renewable energy applications. These 3000F supercapacitors are India's first, designed for electric vehicles (EVs) and renewable energy storage systems (ESS).

Automotive Ultracapacitor Market Analysis

The hybrid capacitors segment will achieve a considerable foothold by 2032, propelled by the growing demand for high-energy storage solutions in hybrid and electric vehicles. Hybrid capacitors offer a combination of the advantages of both capacitors and batteries, providing efficient energy storage and quick charging capabilities. With automakers focusing on improving vehicle efficiency and reducing emissions, the hybrid capacitors segment will witness significant growth and maintain its leading position in the automotive ultracapacitor industry.

The automotive ultracapacitor market from the active suspension segment will accumulate substantial gains by 2032, owing to the growing demand for advanced suspension systems that enhance ride comfort and vehicle stability. Ultracapacitors play a crucial role in active suspension systems, providing rapid energy storage and release for precise control of vehicle dynamics. As automakers increasingly prioritize performance and safety, the active suspension segment will maintain its prominent position in this market.

Europe automotive ultracapacitor market will grow at a noteworthy CAGR from 2024 to 2032, fueled by factors such as the region's stringent emission regulations and the growing adoption of electric vehicles. With a strong emphasis on sustainability and energy efficiency, European countries are investing in advanced technologies, including ultracapacitors, to meet these objectives. Additionally, the presence of key automotive manufacturers and the increasing focus on electrification initiatives contribute to Europe's significant share as a contributor in the automotive ultracapacitor industry.

Automotive Ultracapacitor Market Share

Some of the leading companies involved in the automotive ultracapacitor industry include:

  • Cap-XX
  • Skeleton Technologies
  • TOKIN (KEMET Corporation)
  • Ioxus
  • Maxwell Technologies (UCAP Power, Inc.)
  • Nesscap
  • Yunasko
  • Mouser Electronics
  • Nippon Chemi-con
  • Elna Co. Ltd. (Taiyo Yuden)
  • LS Mtron

Industry players are bolstering their market share through strategic initiatives and technological advancements. By allocating resources to research and development, these players are introducing cutting-edge ultracapacitor solutions that cater to the evolving demands of the automotive sector. The increasing emphasis on energy efficiency and high-performance vehicles is driving the adoption of ultracapacitors, particularly in hybrid and electric vehicles, positioning them as essential components for future automotive advancements.

Moreover, the integration of ultracapacitors in automotive applications offers advantages such as rapid charging, regenerative braking, and increased efficiency. Additionally, collaborations with automotive manufacturers to develop custom solutions are helping these players strengthen their market presence. As the automotive industry continues to prioritize sustainability and electrification, the demand for ultracapacitors will grow, enabling these players to further increase their share in the automotive ultracapacitor industry.

Automotive Ultracapacitor Industry News

  • In January 2023, Skeleton declared the establishment of a state-of-the-art supercapacitor facility in Germany, with plans to integrate the inaugural fully automated production line. This move aims to support growing decarbonization and electrification endeavors, enhancing the company's industry presence.


  • In November 2023, EnyGy introduced a groundbreaking supercapacitor utilizing graphene technology, offering enhanced energy storage capabilities for various applications in the automotive sector.


What Information does this report contain?

Historical data coverage: 2018 to 2023; Growth Projections: 2024 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Suraj Gujar

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