Super Capacitors Market Report 2024 (Global Edition)

Global Super Capacitors Market Report 2024 Market Size Split by Types (Double Layer Capacitor, Pseudo Capacitor, Hybrid Capacitor), by Applications (Consumer Electronics, Healthcare, Aerospace & Defen...

Super Capacitors Market Report Description

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Super Capacitors Market Insights Video

Competitive Landscape of the Super Capacitors Market

The competitive landscape of the supercapacitors market is characterized by the presence of both established global companies and emerging players, all striving to capture market share in this rapidly growing industry. Major players such as Maxwell Technologies (a subsidiary of Tesla, Inc.), Panasonic Corporation, Nippon Chemi-Con Corporation, CAP-XX Limited, and LS Mtron are leading the global market with their extensive product portfolios and strong R&D capabilities. Many companies are entering into strategic partnerships and collaborations to enhance their technological capabilities and market reach. These alliances often involve joint ventures with automotive companies, energy storage firms, and research institutions.

October 2023: Nippon Chemi-Con Corporation, a Japanese manufacturer of capacitors and other discrete electronic components, has announced the development of the HXK series. The HXK series has a larger capacitance and ripple current than the HXJ series of conductive polymer hybrid aluminum electrolytic capacitors. With a nearly 1.2x larger capacitance and up to 1.5x less ripple current in a product of the same size, this series preserves the strong reliability of the previous model. (Source: https://www.chemi-con.co.jp/en/news/detail.php?id=releaseHXK20231027) August 2023: Kyocera AXA, a leading global designer of advanced electronic components, has introduced the new SCM Series double-layer, series-connected electrochemical supercapacitor modules. The new supercapacitor modules have very high capacitance, lower ESR, high efficiency, large power density, and active pulse power handling capabilities. They are ideal for hold-up, energy harvesting, and pulse power applications in the industrial, telecommunications, automotive, transportation, energy, and medical sectors. It also offers active cell balancing and is capable of handling high current, vibration, and multiple charge and discharge cycles. (Source: https://www.kyocera-avx.com/news/new-scm-series-series-connected-supercapacitor-modules/) February 2023: CAP-XX, a leading manufacturer of ultra-thin prismatic, cylindrical, and Lithium-Ion supercapacitors, has introduced the DMV750 ultra-thin 2.2mm prismatic 3V supercapacitor, which is designed to provide exceptional performance for IoT, medical, and other space-constrained and mission-critical electronic devices. The 3V ultra-thin prismatic supercapacitor has 23% more energy than a 2.7V supercapacitor of the same size, and it can be used to supplement 3V coin cell batteries, replace bulky 3V cylindrical supercapacitors to reduce space or charge sustainable battery-less devices via energy harvesting. (Source: https://www.cap-xx.com/cap-xx-launches-ultra-thin-3v-750mf-prismatic-supercapacitor-for-space-constrained-iot-and-batteryless-devices/)

Top Companies Market Share in Super Capacitors Industry: (In no particular order of Rank)

• Cornell Dubilier
• Eaton
• Maxwell Technologies
• Nippon Chemi-Con Corporation
• Panasonic Industry Co.
• Ltd.
• Skeleton Technologies
• Systematic Power Manufacturing
• LLC
• LS Mtron Co.
• Ltd.
• CAP-XX Limited
• SPEL Technologies Pvt. Ltd
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Super Capacitors Market

Which Region Dominates the Super Capacitors Market in 2024?

According to Cognitive Market Research, North America dominated the supercapacitors market in 2024, accounting for nearly 40% of global revenues, owing to its strong automotive and renewable energy sectors, both of which are major users of advanced energy storage technologies. The United States administration has also implemented favorable policies and regulatory frameworks to strengthen the renewable energy sources structure. For example, in March 2020, the International Renewable Energy Agency (IRENA) reported that the United States installed 29 gigawatts of renewable energy in the same year, almost 80% more than in 2019, which includes 15 gigawatts of solar energy and roughly 14 gigawatts of wind energy.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is the fastest-growing region in the supercapacitors market, owing to rapid industrialization, urbanization, and an elevated focus on developing renewable energy resources. Countries like China, Japan, and South Korea are leading this growth with significant investments in EVs, energy storage systems, and consumer electronics, all of which are key applications for supercapacitors. The thriving automotive sector, coupled with government initiatives to promote clean energy and reduce carbon emissions, is further accelerating the regional market adoption of supercapacitors.

The current report Scope analyzes Super Capacitors Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Super Capacitors Market

According to Cognitive Market Research, the global supercapacitors market size was estimated at USD 526.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 210.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the supercapacitors market with a market size of USD 166.2 million in 2024 and is projected to grow at a CAGR of 12.2% during the forecast period. The United States has been investing in hydrogen vehicles and refilling facilities to increase the use of fuel cell electric vehicles (FCEVs) across the country. The U.S. government and the Department of Energy (DoE) have made major investments in scientific and technological advancement over the recent years to execute promising long-term plans to promote FCEV adoption.
• The Canada supercapacitors market had a market share of USD 25.3 million in 2024 and is projected to grow at a CAGR of 13.2% over the forecast period. Canada’s commitment to reducing carbon emissions and transitioning towards renewable energy sources has led to a rising demand for advanced energy storage solutions like supercapacitors.
• The Mexico supercapacitors market is projected to witness growth at a CAGR of 12.9% in the forecast period, with a market size of USD 19.2 million in 2024.

Europe Super Capacitors Market

According to Cognitive Market Research, the global supercapacitors market size was estimated at USD 526.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 158 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.

• The United Kingdom supercapacitors market had a market share of USD 26.5 million in 2024 and is projected to grow at a CAGR of 13.5% over the forecast period. In the U.K., supercapacitor sales witness an upswing due to the increased demand for electric vehicles and the expanded automobile sector.
• The France supercapacitors market is projected to witness growth at a CAGR of 11.9% in the forecast period, with a market size of USD 14.5 million in 2024.
• According to Cognitive Market Research, the German supercapacitors market size was valued at USD 31.3 million in 2024 and is projected to grow at a CAGR of 12.9% over the forecast period. In Germany, the supercapacitors market surged due to the strong commitment to advancing clean energy technologies and sustainability.
• The Italy supercapacitors market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD 13.6 million in 2024.
• The Russian supercapacitors market is projected to witness growth at a CAGR of 11.7% over the forecast period, with a market size of USD 24.5 million in 2024.
• The Spain supercapacitors market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 13 million in 2024.
• The Luxembourg supercapacitors market is projected to witness growth at a CAGR of 12.8% in the forecast period, with a market size of USD 4.9 million in 2024.
• The Portugal supercapacitors market is projected to witness growth at a CAGR of 12.5% over the forecast period, with a market size of USD 3.3 million in 2024.
• The Greece super capacitors market is projected to witness growth at a CAGR of 13% in the forecast period, with a market size of USD 1.9 million in 2024.
• Rest of Europe's supercapacitors market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 24.5 million in 2024.

Asia Pacific Super Capacitors Market

According to Cognitive Market Research, the global supercapacitors market size was estimated at USD 526.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 121.1 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.

• According to Cognitive Market Research, the China supercapacitors market size was valued at USD 54.5 million in 2024 and is projected to grow at a CAGR of 15.7% during the forecast period. Rapid economic growth and infrastructure development in China are supporting the rise of the consumer electronics and automotive industries, which is likely to boost market demand for supercapacitors in the country.
• The Japan supercapacitors market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 16.7 million in 2024.
• The India supercapacitors market had a market share of USD 14.5 million in 2024 and is projected to grow at a CAGR of 18% in the forecast period. India’s push towards renewable energy sources, such as solar and wind power, is driving the need for supercapacitors.
• The South Korean supercapacitors market is projected to witness growth at a CAGR of 15.3% during the forecast period, with a market size of USD 12.1 million in 2024.
• The Australian supercapacitors market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 6.3 million in 2024.
• The South East Asia super capacitors market is projected to witness growth at a CAGR of 17.2% in the forecast period, with a market size of USD 8.4 million in 2024.
• The Rest of Asia Pacific super capacitors market is projected to witness growth at a CAGR of 16% over the forecast period, with a market size of USD 8.6 million in 2024.

South America Super Capacitors Market

According to Cognitive Market Research, the global supercapacitors market size was estimated at USD 526.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 26.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil supercapacitors market size was valued at USD 11.3 million in 2024 and is projected to grow at a CAGR of 14.2% in the forecast period. Supercapacitors flourished in the Brazilian market due to significant investments in infrastructure and renewable energy projects.
• Argentina's supercapacitors market had a market share of USD 4.4 million in 2024 and is projected to grow at a CAGR of 14.5% over the forecast period. As Argentina invests in modernizing its infrastructure, including energy grids and transportation systems, the market demand for advanced energy storage solutions like supercapacitors is increasing.
• Colombia super capacitors market is projected to witness growth at a CAGR of 13.4% during the forecast period, with a market size of USD 2.3 million in 2024.
• Peru super capacitors market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 2.2 million in 2024.
• Chile super capacitors market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 1.9 million in 2024.
• The Rest of Latin America's supercapacitors market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 4.2 million in 2024.

Middle East and Africa Super Capacitors Market

According to Cognitive Market Research, the global supercapacitors market size was estimated at USD 526.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 10.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.9% from 2024 to 2031.

• The GCC Countries super capacitors market is projected to witness growth at a CAGR of 14.7% in the forecast period, with a market size of USD 4.5 million in 2024. The GCC countries are heavily investing in infrastructure development, including smart cities, transportation networks, and industrial projects. Supercapacitors are essential for enhancing power management and energy efficiency in these large-scale projects.
• The Egypt supercapacitors market is projected to witness growth at a CAGR of 14.2% during the forecast period, with a market size of USD 1.1 million in 2024.
• The South Africa supercapacitors market is projected to witness growth at a CAGR of 14.9% during the forecast period, with a market size of USD 1.7 million in 2024. South Africa has seen a boom in the sales of supercapacitors as a result of large investments made in infrastructure development and renewable energy.
• The Turkey supercapacitors market is projected to witness growth at a CAGR of 13.4% over the forecast period, with a market size of USD 0.91 million in 2024.
• The Nigeria supercapacitors market is projected to witness growth at a CAGR of 13% in the forecast period, with a market size of USD 1.1 million in 2024.
• The Rest of the MEA super capacitors market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 1.2 million in 2024.

Super Capacitors Market Analysis

Super Capacitors Market Types Segment Analysis

According to Cognitive Market Research, pseudo-capacitor types stand out as the dominant market category owing to their superior energy density and ability to store more energy compared to electrostatic double-layer capacitors (EDLCs). Pseudo-capacitors leverage faradaic processes involving redox reactions at the electrode surface, which allows them to achieve higher capacitance values. This makes them particularly well-suited for market applications requiring both high energy and power densities, such as electric vehicles (EVs), renewable energy systems, and industrial power backups.

Hybrid capacitors are emerging as the fastest-growing segment in the supercapacitors industry mainly due to their ability to combine the high energy density of batteries with the rapid charge and discharge capabilities of traditional capacitors. These capacitors integrate both electrostatic and electrochemical storage mechanisms, offering a balance between energy density and power performance. The increasing demand for versatile and efficient energy storage solutions is propelling the rapid growth of hybrid capacitors in the global market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Super Capacitors Industry. Request a Free Sample PDF!

Super Capacitors Market Applications Segment Analysis

According to Cognitive Market Research, consumer electronics has emerged as the dominant market application category owing to rising demand for high-performance, energy-efficient products. Supercapacitors are widely utilized in a variety of consumer devices, including smartphones, laptop computers, wearables, and portable media players, where fast charging and long-lasting power are required. The rapid speed of innovation in consumer electronics, combined with the growing need for energy storage systems capable of delivering high power output with little energy loss, has accelerated the use of supercapacitors across this field. Moreover, the trend toward smaller, more compact devices with improved functionality highlights the importance of supercapacitors, which makes them a fundamental feature in the design and performance of modern consumer electronics.

The fastest-growing category in the supercapacitors market is automotive & transportation due to the global shift towards electric vehicles and the increasing demand for energy-efficient transportation solutions. Supercapacitors are gaining traction in this segment due to their ability to deliver quick bursts of power, support regenerative braking systems, and extend battery life in hybrid and electric vehicles. As the automotive industry pushes for greener technologies and improved vehicle performance, the integration of supercapacitors is becoming more prevalent, fueling rapid growth in this category.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Super Capacitors Distribution Channel Segment Analysis

Super Capacitors Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the offline distribution channel remains the dominant category, primarily due to the well-established networks of physical stores, distributors, and direct sales channels. Businesses and consumers often prefer offline purchasing for high-value or technical products like supercapacitors, as it allows for direct interaction with suppliers, immediate access to products, and the opportunity to receive personalized service or technical support.

The online distribution channel is the most rapidly expanding segment in the global supercapacitors market share, owing to the increased use of e-commerce and digital platforms across a wide range of industries. The convenience, broader selection, and competitive pricing offered by online marketplaces are attracting a growing number of customers, especially in regions with high internet penetration. Moreover, the global shift towards digitalization and the need for efficient procurement processes have accelerated the adoption of online channels.

• Online
• Offline

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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