Product Code: PM1381
The global ultracapacitors market size is expected to reach USD 7.26 billion by 2032, according to a new study by Polaris Market Research. The report "Ultracapacitors Market Share, Size, Trends, Industry Analysis Report, By Power (Less than 50 Volts, 50 Volts to 100 Volts, Above 100 Volts); By Type; By End-User; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The ultracapacitors market is expected to experience significant growth due to its diverse applications in the healthcare, automotive, and consumer goods industries. Factors such as the rising demand for ultracapacitors in electric vehicles, the increasing use of smart meters, and growing awareness regarding efficient energy storage devices contribute to this growth. However, the market is hindered by high production costs. Nevertheless, there are opportunities for growth, including the growing demand from emerging economies, the increasing adoption of electric vehicles, and technological advancements.
The market for ultracapacitors is supported by the growing adoption of electric vehicles and the modernization of vehicles. The need to reduce vehicle emissions and the global carbon footprint drives the demand for electric vehicles. Electric vehicles offer benefits such as low maintenance costs, reduced harmful emissions, and comparable power to traditional vehicles.
The increasing electrification of vehicles, the growing application of ultracapacitors in hybrid powertrain systems and regenerative braking, and the rising adoption of electrical smart meters drive the market. There is an increasing awareness of the need for energy-efficient energy storage devices, and the expanding use of electric vehicles is expected to drive market growth in the foreseeable future. However, the high production costs associated with ultracapacitors pose a challenge to market expansion.
Ultracapacitors find extensive application in various capacitance-based devices, such as telecommunications equipment, data processing systems, personal computers, hard disks, gaming consoles, DVDs, video cameras, mobile phones, and other electronic circuits. The enhanced frequency characteristics and high resistance of ultracapacitors make them suitable for use in diverse electronic applications. However, the impact of abnormal voltage on these capacitors can influence market growth.
Ultracapacitors Market Report Highlights
Pseudo capacitors segment accounts for the highest share of the market. Pseudo capacitors use a redox reaction at the electrode-electrolyte interface for higher energy density and increased energy storage capabilities.
The automotive segment is anticipated to hold the highest growth in the market over the forecast period. It provides efficient energy storage for modern automotive applications with high power density, fast charging, discharging capabilities, and long lifespan.
North America dominated the global market in 2022 due to the rising adoption of electric vehicles, the development of energy-saving solutions, and stringent environmental regulations driving the market in this region.
The global key market players include: Maxwell Technologies, Skeleton Technologies, Nippon Chemi-Con Corporation, CAP-XX, Supreme Power Solutions Co. Ltd, VINATech Co., Ltd., NEC-TOKIN, LS Mtron, Nesscap, and Ioxus.
Polaris Market Research has segmented the Ultracapacitors market report based on power, type, end-user, and region:
Ultracapacitors, Power Outlook (Revenue - USD Billion, 2019 - 2032)
- Less than 50 Volts
- 50 Volts to 100 Volts
- Above 100 Volts
Ultracapacitors, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Double Layered Capacitors
- Pseudo capacitors
- Hybrid Capacitors
Ultracapacitors, End-User Outlook (Revenue - USD Billion, 2019 - 2032)
- Automotive
- Energy
- Industrial
- Consumer Electronics
- Others
Ultracapacitors, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Ultracapacitors Market Insights
- 4.1. Ultracapacitors Market - End-User Snapshot
- 4.2. Ultracapacitors Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increased demand to boost grid infrastructure which for increasing access to electricity is likely to drive the growth of the market
- 4.2.1.2. Rapid industrialization and urbanization
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost associated with ultracapacitors
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Ultracapacitors Market End-User Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Ultracapacitors Market, by Power
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 5.3. Less than 50 Volts
- 5.3.1. Global Ultracapacitors Market, by Less than 50 Volts, by Region, 2019-2032 (USD Billion)
- 5.4. 50 Volts to 100 Volts
- 5.4.1. Global Ultracapacitors Market, by 50 Volts to 100 Volts, by Region, 2019-2032 (USD Billion)
- 5.5. Above 100 Volts
- 5.5.1. Global Ultracapacitors Market, by Above 100 Volts, by Region, 2019-2032 (USD Billion)
6. Global Ultracapacitors Market, by Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 6.3. Double Layered Capacitors
- 6.3.1. Global Ultracapacitors Market, by Double Layered Capacitors, by Region, 2019-2032 (USD Billion)
- 6.4. Pseudo capacitors
- 6.4.1. Global Ultracapacitors Market, by Pseudo capacitors, by Region, 2019-2032 (USD Billion)
- 6.5. Hybrid Capacitors
- 6.5.1. Global Ultracapacitors Market, by Hybrid Capacitors, by Region, 2019-2032 (USD Billion)
7. Global Ultracapacitors Market, by End-User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 7.3. Automotive
- 7.3.1. Global Ultracapacitors Market, by Automotive, By Region, 2019-2032 (USD Billion)
- 7.4. Energy
- 7.4.1. Global Ultracapacitors Market, by Energy, By Region, 2019-2032 (USD Billion)
- 7.5. Industrial
- 7.5.1. Global Ultracapacitors Market, by Industrial, By Region, 2019-2032 (USD Billion)
- 7.6. Consumer Electronics
- 7.6.1. Global Ultracapacitors Market, by Consumer Electronics, By Region, 2019-2032 (USD Billion)
- 7.7. Others
- 7.7.1. Global Ultracapacitors Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Ultracapacitors Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Ultracapacitors Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Ultracapacitors Market - North America
- 8.3.1. North America: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.3.2. North America: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.3.3. North America: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.3.4. Ultracapacitors Market - U.S.
- 8.3.4.1. U.S.: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.3.5. Ultracapacitors Market - Canada
- 8.3.5.1. Canada: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.4. Ultracapacitors Market - Europe
- 8.4.1. Europe: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.4.3. Europe: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.4.4. Ultracapacitors Market - UK
- 8.4.4.1. UK: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.4.5. Ultracapacitors Market - France
- 8.4.5.1. France: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.4.5.3. France: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.4.6. Ultracapacitors Market - Germany
- 8.4.6.1. Germany: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.4.7. Ultracapacitors Market - Italy
- 8.4.7.1. Italy: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.4.8. Ultracapacitors Market - Spain
- 8.4.8.1. Spain: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.4.9. Ultracapacitors Market - Netherlands
- 8.4.9.1. Netherlands: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.4.10. Ultracapacitors Market - Russia
- 8.4.10.1. Russia: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.5. Ultracapacitors Market - Asia Pacific
- 8.5.1. Asia Pacific: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.5.4. Ultracapacitors Market - China
- 8.5.4.1. China: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.5.4.3. China: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.5.5. Ultracapacitors Market - India
- 8.5.5.1. India: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.5.5.3. India: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.5.6. Ultracapacitors Market - Malaysia
- 8.5.6.1. Malaysia: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.5.7. Ultracapacitors Market - Japan
- 8.5.7.1. Japan: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.5.8. Ultracapacitors Market - Indonesia
- 8.5.8.1. Indonesia: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.5.9. Ultracapacitors Market - South Korea
- 8.5.9.1. South Korea: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.6. Ultracapacitors Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.6.4. Ultracapacitors Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.6.5. Ultracapacitors Market - UAE
- 8.6.5.1. UAE: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.6.6. Ultracapacitors Market - Israel
- 8.6.6.1. Israel: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.6.7. Ultracapacitors Market - South Africa
- 8.6.7.1. South Africa: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.7. Ultracapacitors Market - Latin America
- 8.7.1. Latin America: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.7.4. Ultracapacitors Market - Mexico
- 8.7.4.1. Mexico: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.7.5. Ultracapacitors Market - Brazil
- 8.7.5.1. Brazil: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
- 8.7.6. Ultracapacitors Market - Argentina
- 8.7.6.1. Argentina: Ultracapacitors Market, by Power, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Ultracapacitors Market, by End-User, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Ultracapacitors Market, by Type, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Maxwell Technologies
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Skeleton Technologies
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Nippon Chemi-Con Corporation
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. CAP-XX
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Supreme Power Solutions Co. Ltd
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. VINATech Co.,Ltd
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. NEC-TOKIN
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. LS Mtron
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Nesscap
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Ioxus
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development