Ultracapacitor Market Report

Market Insights

"The global ultracapacitor market is estimated to grow from USD 2.3 billion in 2020 to USD 8.5 billion by 2026 at a healthy CAGR of 24.9% during the forecast period."

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An ultracapacitor is an electrical component that can hold a hundred times more charge quantity in comparison to a normal capacitor. They are also referred to as supercapacitors or electric double-layer capacitors (EDLC). These capacitors are suitable electrochemical energy storage devices that bridge the gap between conventional batteries and capacitors tolerating the applications for various energy requirements.

Strong engineering innovations to advance the ultracapacitor technology are a key factor instigating the convergence of ultracapacitors and batteries. This is further anticipated to strengthen the combination of pulse power design and specific energy storage in future applications areas such as public transportation, residential power, medicine, and construction equipment. These products are being developed as an alternative to pulse batteries. In addition, surging demand for long battery lifetime and effective wear and tear properties owing to chemical reactions is likely to further augment the market growth.

The COVID-19 outbreak has moderately affected the ultracapacitor industry. Rising coronavirus cases across the globe resulted in stringent social distance and lockdown norms across the globe, which led to supply chain disruption, thus affecting the product demand.

Segment Analysis

Application Trends

"The automotive segment accounted for the largest market share."

Based on application, the ultracapacitor market is classified into automotive, energy, consumer electronics, industrial, and others. The automotive segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to the rising adoption of electric and hybrid electric vehicles. Moreover, supercapacitors benefit several applications which require low-power support for critical memory systems. These devices offer solutions in several high-power applications such as Uninterruptible Power Supplies (UPS), consumer electronics, industrial lasers, and electric & hybrid vehicles, which boosts segment growth.

Regional Insights

"The Asia-Pacific market accounted for the largest market share."

By region, the Asia Pacific market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to the need for ultracapacitors used for energy re-filling in trams, buses, and trains. In addition, rapid urbanization & industrialization in the region as well as growing product demand across the power, residential, and public transportation sectors, further proliferate regional market growth.

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Key Players

Key players operating in the ultracapacitor market are:

• Panasonic Corporation (Japan)
• Supreme Power Solutions Co. Ltd. (Germany)
• VINA Tech Co. Ltd. (South Korea)
• Maxwell Technologies, Inc. (US)
• Nippon Chemi-Com Corporation (Japan)
• LS Mtron (South Korea)
• Nesscap Co Ltd. (Canada)
• Ioxus Inc. (US)
• Cap-XX (Australia)
• NEC-Tokin (Japan).

Note: The above list does not necessarily include all the top players of the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s ultracapacitor market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.