Supercapacitor Market by Type (Double Layer, Pseudocapacitor, and Hybrid), Application (Laptop, Camera, Power Backup, Memory, UPS, Aircraft, Solid-State Disc Drives) Vertical, and Geography - Global Forecast to 2022

The supercapacitor market is expected to reach USD 2.18 Billion by 2022, at a CAGR of 20.7% during the forecast period. The growth of supercapacitor market is attributed to its high storage capacity compared to conventional capacitor and batteries; and growing need of energy conservation and high performance supercapacitors of consumer and automotive applications.

The year considered for the study are as follow:

• Base Year: 2015
• Estimated year: 2016
• Projected Year: 2022
• Forecast period: 2016-2022

The objective of the study of this report:

• To define, describe, and forecast the global supercapacitor market on the basis of type, application, vertical, and geography.
• To define material used in supercapacitor market
• To forecast market size of various segments with regard to four main regions—North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
• To provide detailed detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To use the Porter’s five forces model to gauge the entry barriers to this market, along with the analysis of the value chain and market roadmaps to study the evolution
• To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contributions to the total market
• To analyze the opportunities for stakeholders by identifying high-growth segments in the supercapacitor market
• To strategically profile key players, comprehensively analyze their market share and core competencies, and detail the competitive landscape of the market
• To analyze the competitive developments such as joint ventures, mergers and acquisitions, new product launches and developments, business expansions, and research and development (R&D) carried out in the supercapacitor market

This research study involves an extensive usage of secondary sources, directories, and databases (Factiva and OneSource) to identify and collect information useful for technical, market-oriented, and commercial aspects of telepresence technology. Top-down and bottom-up approaches have been implemented to arrive at the size of the supercapacitor market.

The points below explain the research methodology applied:

• The study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts
• Analysis of the opportunities in the market for stakeholders by identifying high-growth segments
• Analyzing competitive developments such as mergers & acquisitions, new product developments, and research & development
• Carrying out primary and secondary research to derive all the percentage splits and segment breakdown of the market

The figure below shows the breakdown of primaries on the basis of companies, designations, and regions, conducted during the research study.

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The supercapacitor market comprises key manufacturers such as Maxwell Technologies, Inc. (U.S.), Panasonic Corporation (Japan), CAP-XX Limited (Australia), Murata Manufacturing Co., Ltd. (Japan), and Nesscap Energy Inc. (Canada), among others;   manufacturers includes AVX Corp (U.S.), Axion Power International, Inc. (U.S.), and ELNA CO., LTD. (Japan) among others; and raw material suppliers  include Haydale (U.K.),  DuPont (U.S.) and Lomiko Metals  Inc. (Canada) among others; end users include Komatsu Ltd. (Japan) and Toyota Motor Sales, Inc. (U.S.) among others, while the suppliers include Tecate Group (U.S.), Young Electronics Group (U.K.) among others.

Target Audience:

• Supercapacitor manufacturers
• Supercapacitor Panel Technicians and Technologists
• Research organizations and consulting companies
• Associations, forums, and alliances related to supercapacitor
• Investors

“Study answers several questions for the target audiences, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Scope of the Report:

This report categorizes the global market for supercapacitor on the basis of type, application, vertical, and geography. Also qualitative data for material used in supercapacitors has been provided in the supercapacitor market report.

On the Basis of Type:

• Double layer capacitors
• Pseudocapacitors
• Hybrid capacitors
  • Composite Hybrids
  • Asymmetric Hybrids
  • Battery- type Hybrids

On the Basis of Application:

• Laptop
• Audio system
• Camera
• Solar Watch
• Smoke Detector
• Power Backup
• Engine
• UPS
• Buses
• EV/HEV
• Trains and Locomotives
• Defibrillators
• Aircraft

On the Basis of Vertical:

• Consumer Electronics
• Industrial
• Automotive
• Energy
• Medical
• Aerospace & Defense

Material Used in Supercapacitors

• Activated carbon
• Carbide derived carbon
• Carbon aerogel
• Graphene
• Metal Oxides
• Conductive Polymers

On the Basis of Region:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe (Russia and Italy)
• APAC
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC (Australia and Netherlands)
• RoW
  • Middle East and Africa
  • South America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to 10)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency and Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Growth Opportunities in the Supercapacitor Market
    4.2 Supercapacitor Market, By Vertical
    4.3 Supercapacitor Market in Asia-Pacific
    4.4 Supercapacitor Marke, By Type

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Material
           5.2.3 By Vertical
           5.2.4 By Application
           5.2.5 Global Supercapacitor Market, By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 High Storage Capabilities as Compared to Conventional Capacitors and Batteries
                    5.3.1.2 Growing Need of Energy Conservation and High-Performance Supercapacitors for Consumer and Automotive Applications
                    5.3.1.3 Additional Capabilities of Supercapacitors
           5.3.2 Restraints
                    5.3.2.1 High Initial Cost of Materials
           5.3.3 Opportunities
                    5.3.3.1 Growing Need of Supercapacitors for Automotive Industry in Developing Countries
                    5.3.3.2 Use of Activated Carbon to Increase Adoption of Supercapacitors
           5.3.4 Challanges
                    5.3.4.1 Well-Establish Battery Market

6 Industry Trend (Page No. - 41)
    6.1 Introduction
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of Substitutes
           6.2.2 Bargaining Power of Suppliers
           6.2.3 Bargaining Power of Buyers
           6.2.4 Degree of Competition
           6.2.5 Threat of New Entrants

7 Supercapacitor Market, By Type (Page No. - 48)
    7.1 Introduction
    7.2 Double-Layer Capacitor
    7.3 Pseudocapacitors
    7.4 Hybrid Capacitors
           7.4.1 Composite Hybrids
           7.4.2 Asymmetric Hybrids
           7.4.3 Battery-Type Hybrids

8 Supercapacitor Market, By Application (Page No. - 55)
    8.1 Introduction
    8.2 Audio Systems
    8.3 Laptops
    8.4 Cameras
    8.5 Video Cameras
    8.6 Flash Cameras
    8.7 Solar Watches
    8.8 Smoke Detectors
    8.9 Power Backup Systems
    8.10 Memory Devices
    8.11 SRAM
    8.12 RAM
    8.13 Engines
    8.14 UPS (Uninterpted Power Supplier) Devices
    8.15 Solid-State Disc Drivers
    8.16 Electrical Vehicles (EVS) and Hybrid Electrical Vehicles (HEVS)
    8.17 Trains and Locomotives
    8.18 Buses
    8.19 Aircrafts
    8.20 Other Applications

9 Supercapacitor Market, By Vertical (Page No. - 68)
    9.1 Introduction
    9.2 Consumer Electronics
    9.3 Industrial
    9.4 Automotive
    9.5 Energy
    9.6 Medical
    9.7 Aerospace and Defence

10 Materials Used in Supercapacitors (Page No. - 92)
     10.1 Introduction
     10.2 Activated Carbon (Ac)
     10.3 Carbide Derived Carbon
     10.4 Carbon Aerogel
     10.5 Graphite (Graphene)
     10.6 Metal Oxides
             10.6.1 Ruthenium Oxide (RuO2)
             10.6.2 Iridium Oxide (IrO2)
             10.6.3 Iron Oxide (Fe3O2)
             10.6.4 Manganese Oxide (MnO2)
     10.7 Conductive Polymers
             10.7.1 Polyaniline
             10.7.2 Polypyrrole
             10.7.3 Polyacene
             10.7.4 Polyacetylene
     10.8 Others
             10.8.1 Polymeric Films
             10.8.2 Polyacrylonitrile (PAN)
             10.8.3 Kapton

11 Geographical Analysis (Page No. - 97)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 U.K.
             11.3.2 Germany
             11.3.3 France
             11.3.4 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 South Korea
             11.4.4 Rest of APAC
     11.5 Rest of the World (RoW)
             11.5.1 South America
             11.5.2 Middle East

12 Competitive Landscape (Page No. - 117)
     12.1 Introduction
     12.2 Market Ranking Analysis: Market
     12.3 Competitive Analysis
     12.4 Recent Developments
             12.4.1 New Product Launches and Developments: Supercapacitor Market
             12.4.2 Partnerships, Collaborations, and Expansions: Supercapacitor Market
             12.4.3 Mergers and Acquisitions: Supercapacitor Market
             12.4.4 Other Strategies: Supercapacitor Market

13 Company Profiles (Page No. - 126)
     13.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.2 Cap-XX Limited
     13.3 Panasonic Corporation
     13.4 Nesscap Energy Inc.
     13.5 Murata Manufacturing Co., Ltd.
     13.6 Maxwell Technologies, Inc.
     13.7 Skeleton Technologies
     13.8 Axion Power International, Inc.
     13.9 Graphene Laboratories, Inc.
     13.10 Nippon Chemi-Con Corporation
     13.11 Mouser Electronics, Inc.
     13.12 AVX Corporation
     13.13 Evans Capacitor Company
     13.14 SPEL Technologies Private Limited

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 153)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customization
     14.6 Related Reports
     14.7 Author Details

List of Tables (74 Tables)

Table 1 Supercapacitor Market Size in Terms of Value and Volume, 2013–2022 (USD Million and Million Units)
Table 2 Comaprision of Battery and Supercapacitor
Table 3 Vehicle Production in Various Regions (Thousand Units)
Table 4 Supercapacitor Market, By Type, 2013–2022 (USD Million )
Table 5 Market for Double- Layer Capacitors, By Application, 2013–2022 (USD Million )
Table 6 Market for Pseudocapacitors , By Application, 2013–2022 (USD Million )
Table 7 Supercapacitor Market for Hybrid Capacitors , By Application, 2013–2022 (USD Million )
Table 8 Market, By Application, 2013–2022 (USD Million )
Table 9 Supercapacitor Market for Audio Systems, By Vertical, 2013–2022 (USD Million )
Table 10 Market for Laptops, By Vertical, 2013–2022 (USD Million )
Table 11 Supercapacitor Marketfor Cameras, By Vertical, 2013–2022 (USD Million )
Table 12 SMarket for Power Backup Systems, By Vertical, 2013–2022 (USD Million )
Table 13 Memory Market Size, By Application, 2013-2022 (USD Million )
Table 14 Supercapacitor Market for UPS Devices, By Vertical, 2013–2022 (USD Million )
Table 15 Market for Other Applications, By Vertical, 2013–2022 (USD Million )
Table 16 Market, By Vertical, 2013–2022 (USD Million)
Table 17 Market for Consumer Electronics Vertical, By Application, 2013–2022 (USD Million)
Table 18 Supercapacitor Market for Consumer Electronics Vertical, By Region, 2013–2022 (USD Million)
Table 19 Market in North America for Consumer Electronics Vertical, By Country, 2013–2022 (USD Million)
Table 20 Supercapacitor Market in Europe for Consumer Electronics Vertical, By Country, 2013–2022 (USD Million)
Table 21 Supercapacitor Market in APAC for Consumer Electronics Vertical, By Country, 2013–2022 (USD Million)
Table 22 Supercapacitor Market in RoW for Consumer Electronics Vertical, By Country, 2013–2022 (USD Million)
Table 23 Supercapacitor Market for Industrial Vertical, By Application, 2013–2022 (USD Million)
Table 24 Market for Industrial Vertical, By Region, 2013–2022 (USD Million)
Table 25 Supercapacitor Market in North America for Industrial Vertical, By Country, 2013–2022 (USD Million)
Table 26 Supercapacitor Market in Europe for Industrial Vertical, By Country, 2013–2022 (USD Million)
Table 27 Market in APAC for Industrial Vertical, By Country, 2013–2022 (USD Million)
Table 28 Market in RoW for Industrial Vertical, By Country, 2013–2022 (USD Million)
Table 29 Supercapacitor Market for Automotive Vertical, By Application, 2013–2022 (USD Million)
Table 30 Market for Automotive Vertical, By Region, 2013–2022 (USD Million)
Table 31 Market in North America for Automotive Vertical, By Country, 2013–2022 (USD Million)
Table 32 Supercapacitor Market in Europe for Automotive Vertical, By Country, 2013–2022 (USD Million)
Table 33 Market in APAC for Automotive Vertical, By Country, 2013–2022 (USD Million)
Table 34 Market in RoW for Automotive Vertical, By Country, 2013–2022 (USD Million)
Table 35 Market for Energy Vertical, By Application, 2013–2022 (USD Million)
Table 36 Market for Energy Vertical, By Region, 2013–2022 (USD Million)
Table 37 Supercapacitor Market in North America for Energy Vertical, By Country, 2013–2022 (USD Million)
Table 38 Market in Europe for Energy Vertical, By Country, 2013–2022 (USD Million)
Table 39 Supercapacitor Market in APAC for Energy Vertical, By Country, 2013–2022 (USD Million)
Table 40 Market in RoW for Energy Vertical, By Country, 2013–2022 (USD Million)
Table 41 Supercapacitor Market for Medical Vertical, By Application, 2013–2022 (USD Million)
Table 42 Market for Medical Vertical, By Region, 2013–2022 (USD Million)
Table 43 Market in North America for Medical Vertical, By Country, 2013–2022 (USD Million)
Table 44 Supercapacitor Market in Europe for Medical Vertical, By Country, 2013–2022 (USD Million)
Table 45 Supercapacitor Market in APAC for Medical Vertical, By Country, 2013–2022 (USD Million)
Table 46 Market in RoW for Medical Vertical, By Country, 2013–2022 (USD Million)
Table 47 Supercapacitor Market for Aerospace & Defense Vertical, By Application, 2013–2022 (USD Million)
Table 48 Market for Aerospace & Defense Vertical, By Region, 2013–2022 (USD Million)
Table 49 Market in North America for Aerospace and Defense Vertical, By Country, 2013–2022 (USD Million)
Table 50 Supercapacitor Market in Europe for Aerospace and Defense Vertical, By Country, 2013–2022 (USD Million)
Table 51 Supercapacitor Market in APAC for Aerospace and Defense Vertical, By Country, 2013–2022 (USD Million)
Table 52 Market in RoW for Aerospace and Defense Vertical, By Country, 2013–2022 (USD Million)
Table 53 Supercapacitor Market, By Region, 2013–2022 (USD Million )
Table 54 Supercapacitor Market in North America, By Country, 2013–2022 (USD Million )
Table 55 Market in the U.S., By Vertical, 2013–2022 (USD Million )
Table 56 Supercapacitor Market in Canada, By Vertical, 2013–2022 (USD Million )
Table 57 Market in Mexico, By Vertical, 2013–2022 (USD Million )
Table 58 Supercapacitor Market in Europe, By Country, 2013–2022 (USD Million )
Table 59 Market in the U.K., By Vertical, 2013–2022 (USD Million )
Table 60 Supercapacitor Market in Germany , By Vertical, 2013–2022 (USD Million )
Table 61 Market in France, By Vertical, 2013–2022 (USD Million)
Table 62 Market in Rest of Europe , By Vertical, 2013–2022 (USD Million )
Table 63 Market in APAC , By Country, 2013–2022 (USD Million )
Table 64 Market in China, By Vertical, 2013–2022 (USD Million )
Table 65 Supercapacitor Market in Japan, By Vertical, 2013–2022 (USD Million )
Table 66 Market in South Korea , By Vertical, 2013–2022 (USD Million )
Table 67 Supercapacitor Market in Rest of APAC, By Vertical, 2013–2022 (USD Million )
Table 68 Market in RoW, By Country, 2013–2022 (USD Million )
Table 69 Market in South America , By Vertical, 2013–2022 (USD Million )
Table 70 Market in the Middle East & Africa, By Vertical, 2013–2022 (USD Million )
Table 71 New Product Launches and Developments, 2013–2016
Table 72 Partnerships, Collaborations, and Expansions, 2013–2016
Table 73 Mergers and Acquisitions, 2013–2016
Table 74 Other Strategies, 2013–2016

List of Figures (58 Figures)

Figure 1 Markets Covered
Figure 2 Supercapacitor Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Assumptions for the Research Study
Figure 6 Pseudocapacitor Expected to Hold the Largest Share of the Supercapacitor Market During the Forecast Period
Figure 7 Laptop Application to Hold the Largest Share of the Supercapacitor Market During the Forecast Period
Figure 8 Supercapacitor Market for Automotive Vertical Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 9 Asia-Pacific Held the Largest Share of the Supercapacitor Market in 2015
Figure 10 Benefits Such as High Energy Efficiency and Long Life Cycle are Driving Market Growth
Figure 11 Consumer Electronics Vertical is Expected to Hold the Largest Market for Supercapacitors During the Forecast Period
Figure 12 China Held the Largest Share of the Market in Asia-Pacific in 2015
Figure 13 Pseudocapacitor Expected to Hold the Largest Market During the Forecast Period
Figure 14 Growing Demand for Long-term and High Power Storage Based Supercapacitors is the Drivering Factor for Market Growth
Figure 15 Value Chain Analysis: Major Value is Added During Manufacturing Stage
Figure 16 Porter’s Five Force Analysis, 2015
Figure 17 Porters Five Force Analysis: Impact Analysis
Figure 18 Supercapacitor Market: Threat of Substitutes
Figure 19 Supercapacitor Market: Bargaining Power of Suppliers
Figure 20 Market: Bargaining Power of Buyers
Figure 21 Market: Degree of Competition
Figure 22 Supercapacitor Market: Threat of New Entrants
Figure 23 Supercapacitor Types
Figure 24 Types of Hybride Capacitor
Figure 25 Solar Watch Market for Consumer Electronics, 2013-2022 (USD Million)
Figure 26 Smoke Detection Market for Industrial Application, 2013-2022 (USD Million)
Figure 27 Solid State Disc Drvie Market for Consumer Electronics, 2013-2022 (USD Million)
Figure 28 Ev/Hev Market for Automotive, 2013-2022 (USD Million)
Figure 29 Trains and Locomotive Market for Automotive, 2013-2022 (USD Million)
Figure 30 Buses Market for Automotive, 2013-2022 (USD Million)
Figure 31 Aircraft Market for Aerospace and Defense, 2013-2022 (USD Million)
Figure 32 China is Expected to Grow With Highest CAGR During Forecast Period
Figure 33 U.K. Held the Largest Market Share in 2015 for Industrial Vertical
Figure 34 U.S. Expected to Grow With Highest Market Share During Forecast Period
Figure 35 Middle East and Africa Region is Expected to Grow With Highest CAGR During the Forecast Period
Figure 36 China Held the Largest Market Share in 2015 for Medical Vertical
Figure 37 APAC Market is Expected to Grow With Highest CAGR Between 2016 and 2022
Figure 38 North America Snapshot
Figure 39 Germany is Expected to Grow With Highest CAGR During Forecast Period
Figure 40 Asia-Pacific Snapshot
Figure 41 Companies Adopted New Product Launches and Developments as the Key Growth Strategies Between 2013 and 2016
Figure 42 Market Ranking of Top 5 Players in the Supercapacitor Market
Figure 43 Battle for Market Share: New Product Launches and Developments Were the Key Strategies Adopted
Figure 44 Geographic Analysis
Figure 45 Cap-XX Limited: Company Snapshot
Figure 46 Cap-XX Limited: SWOT Analysis
Figure 47 Panasonic Corporation: Company Snapshot
Figure 48 Panasonic Corporation: SWOT Analysis
Figure 49 Nesscap Energy Inc.: Company Snapshot
Figure 50 Nesscap Energy Inc.: SWOT Analysis
Figure 51 Murata Manufacturing Co., Ltd.: Company Snapshot
Figure 52 Murata Manufacturing Co., Ltd.: SWOT Analysis
Figure 53 Maxwell Technologies, Inc.: Company Snapshot
Figure 54 Maxwell Technologies, Inc.: SWOT Analysis
Figure 55 Axion Power International, Inc.: Company Snapshot
Figure 56 Nippon Chemi-Con Corporation: Company Snapshot
Figure 57 AVX Corporation: Company Snapshot
Figure 58 SPEL Technologies Private Limited: Company Snapshot

The supercapacitor market is expected to grow at a CAGR of 20.7% and reach USD 2.18 Billion by 2022.  A wide range of applications use supercapacitors as they provide a harmless, clean, and economical alternative energy solution to the industry.  Also, the growing implementation of automobiles that uses electrical systems in the automotive industry is driving the growth of the overall supercapacitor market.

This market is segmented on the basis of type, application, vertical, and geography. The applications include audio system, laptops, camera, solar watch, smoke detector, memory, UPS, Solid-State Disc Drives, and others. Amongst all these applications, laptop held the largest market share in 2015. The increasing use of laptops in various verticals such as consumer electronics, medical, and industrial is the reason for its high growth. Moreover, laptop requires an energy storage device with quick charging capability and the supercapacitor fulfills this requirement. Owing to this benefit of the supercapacitor, the consumer electronic devices, mainly laptops, had adopted the supercapacitor in replacement of its battery. Owing to all these benefits of supercapacitor; it has largest market in laptop application segment.

Supercapacitor has numerous verticals across different industries such as consumer electronics, industrial, automotive, energy, medical, aerospace & defense, and others. Sustainability and return on investment are the goals that can be achieved in the long run by replacing batteries with supercapacitors. The consumer sector held the largest market share in 2015 due to increase in demand for convenient, smart, and sustainable devices in consumer electronics. Consumer electronic devices, such as laptop and camera requires electric power backup that has long-life cycle, and supercapacitors fulfill this need of the consumer electronics vertical. Owing to this benefit, the supercapacitor has a large share in this vertical. Also, the huge demand of the highly advanced consumer electronic applications, such as video calling, cameras, wireless communications, and GPS navigation are expected to drive the growth of the supercapacitor market in the coming years. Various initiatives undertaken by the government in different parts of the world, such as the U.S., Canada, the U.K., Australia, China, and Japan to reduce the power consumption and heat generation, is also predicted to increase the use of supercapacitors worldwide.

The supercapacitor market on the basis of type includes double layer capacitors, pseudocapacitors, and hybrid capacitors. The market for pseudocapacitor held the largest share among all supercapacitors during the forecasted period. They are used in portable and handheld products. Pseudocapacitors can be the perfect solution and can be used in applications that require less heavy-duty cycling such as laptops, UPS devices, or other power backup applications. The hybrid capacitor is expected to grow with highest CAGR during forecast period. The increasing use of hybrid capacitor in automotive application especially for electric vehicle. Hybrid supercapacitor has ability to deliver high output in short time that provides faster acceleration to the car within the few minutes of charging is the reason for its high growth in automotive sector.

The APAC region holds the largest share and is expected to witness the highest growth rate between 2016 and 2022. The increase in start-ups in this region would also help in market growth.  There are installation of energy storage systems in smart grid projects in Japan, South Korea, and Singapore as well as in renewable projects in Australia. The governments in many countries in Asia are supporting the hybridized transportation system. These are the major reasons for APAC being the largest market for supercapacitor market.

The high initial costs of materials is a major restraint for the growth of the supercapacitor market. Some of the recently developed supercapacitors have high conductive materials such as graphene which is costlier than activated carbon. This graphene material is commonly used as electrolytes in supercapacitor. It is a high cost material due to which the cost of supercapacitors often exceeds the cost of regular lithium ion batteries. These factors are restraining the growth of supercapacitor in the market. However, many ongoing research and development projects are there to reduce the overall cost of supercapacitors that would help to increase the adoption rate in the market.

Maxwell Technologies, Inc. (U.S.) is leader in the supercapacitor market and has played a significant role in the development and promotion of this technology. The company designs develops, manufactures, and sells energy storage and power delivery solutions for automotive, backup power, hefty transportation, wireless infrastructures, renewable energy, ultracapacitor cells, multi-cell packs and modules that offer safe and consistent power solutions for applications in industrial and consumer electronics applications. These factors have played a significant role in production of company’s sales globally. The company’s innovative technologies enhance its productivity and brand image worldwide. Maxwell Technologies, Inc. focuses on strategic partnerships and collaborations to expand its business. For instance, in October 2014, the company entered into agreement with Corning Incorporated (U.S.) to improve the capacitive energy storage technology. This joint partnership would help the company to innovate and eventually accomplish better product value for customers as well as grow dynamically in the supercapacitor market.

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