Supercapacitors Market Looking at 21% CAGR to 2027: Report

by Ruth Seeley

Supercapacitors, electric condensers with high density and 1000 times the energy contained in electrolyte condensers, have zero resistance. That means they can be very easily charged and discharged. Supercapacitors are positioned according to electronic component taxonomy between condensers and batteries.

The growing need for supercapacitors in cranes, valve chariots and others is expected to rise in industrial end-use. Supercapacitors consist of electrodes coated with an activated carbon layer to expand their surface, as contrasted with traditional supercapacitors as electrolytes that serve as a separator or diaphragm. Several more kinds of supercapacitors, pseudocapacitors and integrated condensers have been added through technical advancement. Since their introduction there has been strong demand for hybrid condensers due to combined characteristics of a lithium-ion battery and a supercapacitor.

According to Acumen Research and Consulting, the global supercapacitors market size is expected to be worth around US$4 billion by 2027 and the market is anticipated to grow at a CAGR of 21% in terms of revenue during the forecast period 2020 to 2027.

Acumen’s latest published report is titled “Supercapacitors Market (By Type: Double Layer, Hybrid; By Application: Audio Systems, Laptop; By End User: Consumer Electronics, Industrial, Energy & Utilities, Automotive, Other) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027.”

Factors such as increased use of supercapacitors by vehicles, favorable regulatory regulations increasing wind and power energy demand, longer service life and cost savings of supercapacitors affect the global growth of the supercapacitors industry.

However, its exposure to global demand is projected to increase considerably in the coming years. The supercapacitors industry is at its development stage. At present, there are significant drawbacks that prohibit the implementation of supercapacitors due to lack of comprehension about use of supercapacitors and high costs of operation.

The superconnector is widely used in automobiles and electronics owing to its short charging and discharge process. Supercapacitors are brittle and dangerous to use in mobile devices. Awareness of supercapacitors is low in the current electronic sector. They are also very expensive and are therefore not encouraged for installation in vehicles for start/stop applications. It impedes the development of the supercapacitor market by using the conventional battery.

Segmentation Outlook

The consumer electronics industry is projected to produce significant market sales by 2027 as a result of expanded installation of supercapacitors in leading products used in emerging technologies like cell phones and laptops. In addition, increased use of supercapacitor technology is expected to be one of the prominent causes of consumer electronics industry market growth over the forecast period in major Asia Pacific countries such as China and Japan.

Asia-Pacific represents the biggest market share, led by China and Japan owing to rising consumer electronics and automotive industries sectors. The Government of Japan has also turned its attention to demand control and focusing on energy stability and sustainability by way of intelligent grid and energy conservation technologies. Besides, smart power meters are now used in Japan. The Japanese government has also shifted attention to demand management and focus is placed on energy stability and sustainability through intelligent grid infrastructure and energy conservation.

The world market in supercapacitors is very competitive. Diverse foreign labels, regional labels and new entrants shape a dynamic environment. The key players actively aim to grow their business through numerous strategic fusions and acquisitions, creativity and expanded spending in R&D and a cost-effective portfolio of products. Because of the existence of many big suppliers, the super capacitors industry is highly competitive.

Source: Acumen Research and Consulting

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