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US Supercapacitor Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2023-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+ Excel

$2,950.00

During the projection period, it is expected that the US supercapacitor market will grow at a CAGR of over 17%. In comparison to conventional capacitors, supercapacitors are electrochemical capacitors that provide high capacitance and energy density. Numerous industries, including automotive, consumer electronics, and industrial, use these devices. The market is expanding as a result of the rising demand for eco-friendly and energy-efficient technology. Additionally, it is projected that the growing use of supercapacitors in automotive applications will accelerate market expansion.

Supercapacitors’ high price is a significant market restraint, though. Based on type, application, and region, the market is divided into segments. Double-layer capacitors, pseudocapacitors, and hybrid capacitors are some of the types of capacitors available on the market. During the projection period, the automotive segment is anticipated to develop at the greatest CAGR. The market is segmented into consumer electronics, automotive, industrial, and other categories based on application. During the forecast period, the industrial segment is anticipated to develop at the greatest CAGR.

From 2020 to 2025, it is expected that the US supercapacitor market will grow at a compound annual growth rate (CAGR) of more than 20%. Supercapacitors are gadgets with a lot of electrical energy storage capacity and a quick discharge rate. They are also referred to as “double-layer capacitors” or “ultracapacitor” (DLCs). Numerous industries, including automotive, consumer electronics, industrial, military & aerospace, and others, use supercapacitors in a variety of ways.

The main application area for supercapacitors is the automobile sector. The main driver fueling the expansion of the supercapacitor market in the automotive sector is the rising demand for electric cars (EVs). The automotive industry’s primary demands, which include the need for high power density and long life, are anticipated to propel the expansion of the supercapacitor market throughout the course of the projected period.

The second-largest application area for supercapacitors is the consumer electronics sector. The key factor fueling the expansion of the supercapacitor market in the consumer electronics sector is the rising demand for wearable gadgets like smartwatches and fitness trackers. The consumer electronics sector’s primary demands, which are likely to propel the expansion of the supercapacitor market over the forecast period, are the need for miniaturisation and a longer life duration.

During the projection period, the industrial application segment is anticipated to increase at the greatest CAGR. Due to the vast range of uses for supercapacitors, including in UPS systems, wind turbines, and cranes, the industrial sector is one of the main end-use industries for them. The main needs of the industrial sector, which are likely to drive the growth of the supercapacitor market over the next few years, are for higher power density and longer life. During the projection period, the military and aerospace application category is anticipated to expand at a sizable CAGR. Due to their numerous uses, including in missiles, fighter jets, and satellites, the military and aerospace industry is one of the main end-use industries for supercapacitors.

Supercapacitor Market Report Scope and Segmentation
ATTRIBUTESDETAILS
ESTIMATED YEAR2023
BASE YEAR2022
FORECAST YEAR2030
HISTORICAL YEAR2017-2022
UNITValue (USD Million/Billion)

Market Opportunities for US Supercapacitors

According to a report by MWR, the US supercapacitor market will grow between 2019 and 2025 at a CAGR of about 18.5%.

The growing demand for these components from the transportation and automotive industries is what is driving the US supercapacitor market. In the US, one of the primary markets for supercapacitors is the automotive sector. In automotive applications including start-stop systems, regenerative braking, and load leveling, supercapacitors are employed. Due to their higher power density and longer life cycle than batteries, they are also used in electric and hybrid vehicles (EVs and HEVs). Additionally, the transportation sector is spending money on supercapacitor research and development for use in electric buses, trains, and other vehicles. In the upcoming years, this is anticipated to generate sizable growth prospects for the US supercapacitor industry.

The growing demand for energy storage solutions is the other factor influencing the US supercapacitor market. Because they provide a high power density and a longer life cycle, supercapacitors are frequently employed for energy storage applications. They are employed in numerous applications, including grid storage systems, solar power plants, and wind turbines. It is anticipated that the growing demand for renewable energy will increase the demand for energy storage solutions, which will in turn fuel the expansion of the US supercapacitor industry.

Based on application, end-use industry, and geographic factors, the US supercapacitor market is divided into subgroups. The market is segmented into the automotive, energy and power, consumer electronics, industrial, and other sectors based on application. The US supercapacitor market is divided into automotive, transportation, consumer electronics, industrial, renewable energy, and others based on end-use industries.

Restraints on the US supercapacitor market

Supercapacitors are a particular kind of capacitor that has a high electrical energy storage capacity, making them perfect for usage in many different applications. However, a number of obstacles are now preventing the expansion of the US supercapacitor business.

The high price of supercapacitors is the primary constraint. Supercapacitors are still substantially more expensive than conventional batteries, despite recent declines in price. Adoption is significantly hampered by this high cost, especially in applications where cost is an important factor, such as consumer electronics.

The restricted energy density of supercapacitors is the second restriction. Supercapacitors have a higher energy storage capacity than conventional batteries, although their energy density is still somewhat low. As a result, they are inadequate for uses that demand a significant amount of energy storage, such as electric automobiles.

Lack of standards is the third barrier. The lack of industry standardisation in the supercapacitor sector makes it challenging for producers to create comparable goods. Customers find it challenging to compare items and make wise purchases due to the absence of uniformity. A shortage of infrastructure is the fourth constraint. The US market does not use supercapacitors frequently, and there is insufficient infrastructure to support their use. There aren’t enough charging stations, and there aren’t enough people who are qualified to install and maintain supercapacitors.

Despite these limitations, it is anticipated that the US supercapacitor business will expand significantly over the next few years. The rising need for energy storage, the falling price of supercapacitors, and the expanding accessibility of infrastructure will all contribute to this increase.

Key Trends in the US Supercapacitor Market

Thanks to the escalating need for energy storage devices coming from numerous end-use industries, the US supercapacitor market is expanding quickly. Supercapacitors are electrochemical capacitors that can store a lot of energy and have a high power density. They are utilized in numerous industries, including automotive, consumer electronics, industrial, UPS, and many more.

One of the biggest markets for supercapacitors is the auto industry. The demand for supercapacitors in the automotive industry is being driven by the growing demand for electric and fuel-efficient vehicles. Electric vehicles employ supercapacitors to store energy and power the electric motor. In hybrid automobiles, they are also used to supply electricity during start-stop operations. Another significant market for supercapacitors is the consumer electronics sector. Consumer electronics products like laptops, cellphones, and wearable technology use supercapacitors. They serve as the initial power source and backup power for these devices during power outages.

Supercapacitors are also widely used in the industrial sector. Cranes, material-handling machinery, and robots are just a few of the industrial applications that supercapacitors are used in. In these applications, they are used to provide power during startup and backup power in the event of a power loss. Another significant consumer of supercapacitors is the UPS sector. In UPS systems, supercapacitors are used to provide power during startup and backup power in the event of a power outage. During the time frame of the projection, the US supercapacitor market is expected to grow at a fast rate.

Drivers of the US supercapacitor market

During the years 2019 through 2025, the US supercapacitor market is anticipated to expand at a CAGR of over 26%. The main things that drive the market are the need for longer backup power and the growing demand for gadgets that use less energy. The rising need for energy-efficient gadgets is anticipated to fuel the growth of the supercapacitor market in the US. The US supercapacitor market is growing because more people are concerned about the environment and want backup power for longer.

The rising need for energy-efficient gadgets is anticipated to fuel the growth of the supercapacitor market in the US. The US supercapacitor market is growing because more people are concerned about the environment and want backup power for longer. Over the years 2019 to 2025, the US supercapacitor market is anticipated to expand at a CAGR of over 26%. The main things that drive the market are the need for longer backup power and the growing demand for gadgets that use less energy.

Impact of COVID-19 on the US Supercapacitor Market

The market for supercapacitors in the US is expected to grow at a CAGR of over 22% between 2019 and 2025. The growing need for energy storage devices from the automotive and transportation industries is what is driving the US supercapacitor industry. Supercapacitors and lithium-ion batteries are replacing conventional lead-acid batteries in the automobile sector due to their benefits over such batteries, including a longer lifespan and a higher power density. The transportation industry is also putting a lot of money into developing hybrid and electric vehicles, which is likely to increase the need for supercapacitors in the coming years.

The market for supercapacitors in the US is anticipated to grow as renewable energy sources like solar and wind energy are increasingly adopted. Energy storage systems are necessary because renewable energy sources are erratic in nature and must be able to store surplus energy produced during peak hours and release it when energy production is low. These applications are a good fit for supercapacitors because of their high power density and long lifespan.

The high price of supercapacitors is a significant barrier to market expansion. Supercapacitors are more expensive than other forms of energy storage, like lead-acid and lithium-ion batteries. This is preventing supercapacitors from being used in a number of applications. Type, application, and geography are the segments used to analyze the US supercapacitor market. Double-layer capacitors, pseudo capacitors, and hybrid capacitors are some of the types of capacitors available on the market. The market is segmented into automotive, transportation, industrial, consumer electronics, and energy & power, according to application.

Key Industry Developments in the US Supercapacitor Market

The market for supercapacitors in the US is expected to grow at a CAGR of about 21% from 2020 to 2025. The main things driving the growth of the market are the growing demand for supercapacitors in the electronics and auto industries and the growing use of supercapacitors in energy storage applications. The automobile industry is the main end-use sector for supercapacitors. In 2019, this sector made up more than 35% of the market. The rising demand for electric cars (EVs) is one of the main things driving the growth of the supercapacitor market in the auto industry.

In EVs, supercapacitors are used for a number of purposes, including regenerative braking, stopping, and starting. With nearly 30% of the entire demand for supercapacitors in 2019, the electronics sector is the second-largest end-user. The increasing use of supercapacitors in consumer electronics such as smartphones, laptops, and wearable devices is one of the main factors driving the growth of the supercapacitor market in the electronics industry.

Supercapacitors are used in consumer electronics to do things like keep the voltage stable, balance the load, and store extra power. The third-largest end-user of supercapacitors in 2019 will be energy storage, which will use nearly 20% of all supercapacitors. The growing use of supercapacitors in energy storage applications like renewable energy storage, grid energy storage, and portable energy storage is one of the main things that is driving the growth of the market for supercapacitors.
Several energy storage applications, including peak shaving, load balancing, and energy arbitrage, utilise supercapacitors.

Future Prospects for the US Supercapacitor Market

According to a recent analysis by MWR, the US supercapacitor market is anticipated to reach $1.02 billion by 2025. From 2020 to 2025, the market is expected to grow at a rate of 13.8% per year on average. According to the study, a supercapacitor is an energy storage device that can store and discharge enormous amounts of energy quickly and has a better power density than a battery. Numerous industries, including automotive, industrial, consumer electronics, and energy use, use supercapacitors.

With a market share of 38.1% in the automotive sector in 2020, the United States is anticipated to be the world’s largest market for supercapacitors. The market for supercapacitors used in cars is expected to grow at a CAGR of 15.1% between 2020 and 2025. With a market share of 30.7% in 2020, the industrial sector is anticipated to be the second-largest market in the US for supercapacitors. From 2020 to 2025, the industrial market for supercapacitors is expected to grow at a compound annual growth rate (CAGR) of 12.9%.

With a market share of 16.2% in 2020, the consumer electronics sector is anticipated to be the third-largest market in the US for supercapacitors. The market for supercapacitors used in consumer electronics is expected to grow at a CAGR of 11.1% from 2020 to 2025. With a market share of 14.9% in the energy sector in 2020, it is anticipated that the United States will have the smallest market for supercapacitors. From 2020 to 2025, the market for supercapacitors in energy applications is anticipated to expand at a CAGR of 10.9%. With a market share of 43.0% in 2020, the transportation sector is anticipated to be the supercapacitor industry’s largest market in the US. The market for supercapacitors used in transportation is expected to grow at a CAGR of 14.6% from 2020 to 2025.

By Type

    • Double Layered Capacitors
    • Pseudo Capacitors
    • Hybrid Capacitors
By Application

    • Grid Stabilization
    • UPS
    • Renewable Energy
    • Transportation
    • Others
  • Maxwell Technologies (U.S.)
  • Skeleton Technologies (Estonia)
  • Kilowatt Labs, Inc.  (U.S.)
  • CAP-XX (Australia)
  • Cornell Dubilier Electronic  (U.S.)
  • Ioxus (U.S.)
  • Targray (Canada)
  • NETenergy (U.S.)
  • Nanoramic Laboratories (U.S.)
  • Eaton (Ireland)

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