Supercapacitor Market Analysis

Supercapacitor Market Analysis

EDLC accounted for more than 65% of the supercapacitor market share in 2020 and is projected to witness about 14.5% gains through 2027. The industry growth is driven by several high-end features offered such as low pollution, maintenance-free, long operating life, and high efficiency. Several manufacturers based in the U.S. are emphasizing on developing innovative products with enhanced internal resistance to increase their market footprints.

The carbon-based material segment in the supercapacitor market held 60% of revenue share in 2020 and is estimated to attain a CAGR of 14% from 2021 to 2027. The market expansion is driven by an increasing demand for high-energy storage capacity in consumer electronics such as smartphones, tablets, and laptops, among others. Several players are focusing on developing high performing materials to serve the growing industry.
 

The automotive & transportation sector captured above 35% of the supercapacitor market share in 2020 and is poised to expand at more than 15% growth rate through 2027. The industry progression can be credited to rising government initiatives to support domestic automotive and  component manufacturing. The components covered under this scheme include supercapacitor, sensors, electric steering systems, and automatic braking systems, among others.
 

Asia Pacific region held 45% of market revenues in 2020 and is predicted to register growth of 17% during the forecast period. The market demand is attributed to increasing acceptance of key initiatives in Asian countries, such as China, India, and Japan, to promote the establishment of clean energy power plants.