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3. Tesla (US) and Nippon Chemi-Con (Japan) are leading Players in the Supercapacitor Market

Supercapacitors, also known as ultracapacitors or carbon batteries, are electrical energy storage devices that have the ability to store a large amount of electrical charge. These electrochemical devices undergo no chemical reactions to store electrical energy. They consist of two porous electrodes, usually developed from activated carbon and immersed in electrolyte solutions to store charge electrostatically. Unlike batteries, supercapacitors can achieve high power densities in a short duration of time. The supercapacitor market is projected to grow from USD 409 million in 2020 to USD 720 million by 2025; it is expected to grow at a CAGR of 12.0% from 2020 to 2025.

Tesla (US), CAP-XX (Australia), LS Mtron (South Korea), Nippon Chemi-Con (Japan), and Panasonic (Japan) are the leading players in the supercapacitor market.

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Tesla (US)

Tesla is involved in the development, manufacturing, and marketing of energy storage and power delivery solutions for automotive, heavy transportation, renewable energy, backup power, wireless communication, industrial, and consumer electronics applications. With the acquisition of Maxwell Technologies, Tesla has become a significant player in the ultracapacitor business. The company offers a vast range of ultracapacitor products, and also has its own patented technologies. It has presence in all key regions of the world. With significant investments (of the order USD 20 million in 2018) in research and development activities, Tesla is able to maintain its leading position in the ultracapacitor business. With strong financial performance and research and development investments, the company could continue developing innovative products.

Nippon Chemi-Con (Japan)

Nippon Chemi-Con is one of the key players involved in the manufacturing of supercapacitors. It manufactures and sells aluminum materials, capacitors, precision mechanical components, and electronics. It is one of the pioneers in the design, development, and manufacture of electric double-layered capacitors (EDLC). The supercapacitor products and solutions offered by Nippon Chemi-Con are used in various end-use industries, such as consumer electronics, automotive, and oil & gas. The company has a strong presence in Asia Pacific and generated approximately 56% of its revenue from the region in 2019.

Related Reports:

Supercapacitor Market with COVID-19 Impact Analysis by Type (Electric Double-layered Capacitors, Pseudocapacitors, Hybrid Capacitors), Electrode Material, Application (Automotive, Energy, Consumer Electronics, Industrial, Medical, Aerospace & Defense), Region - Global Forecast to 2025

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