2023 Supercapacitors Market Global Trends & Forecast By TheBusinessResearchCompany
The global supercapacitor and ultracapacitors market was valued at around $1.2 billion in 2018. Asia Pacific was the largest region in the supercapacitor market and ultracapacitors market with about 40% of the market. China is the largest country in terms of value in the supercapacitors/ultracapacitors market
The supercapacitors/ultracapacitors market consists of sales of supercapacitors/ultracapacitors by entities (organizations, sole traders and partnerships) that manufacture the supercapacitors/ultracapacitors used in automobiles and electronics products such as premium smartphones, digital cameras and solid-state drives. This market does not include revenues from installation and after sales services related to this equipment. Supercapacitors and ultracapacitors are identical and these terms are often used interchangeably. In this report the term ‘supercapacitors’ stands for supercapacitors/ultracapacitors.
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Supercapacitors/Ultracapacitors Market Size
The global supercapacitors/ultracapacitors market size is expected to grow reach over $4 billion by 2023 at a growth rate of about 30%. Rapid growth in the electronics industry, increasing popularity of hybrid vehicles, and increased investment in mass rapid transport systems in many developed and developing countries globally contributed to the growth of the global supercapacitors/ultracapacitors market. The supercapacitors/ultracapacitors market is challenged by the availability of low-cost alternatives such as batteries and by rising trade protectionism.
The market for supercapacitors/ultracapacitors is concentrated. Major players in the market include Murata Manufacturing Co., Ltd., Maxwell Technologies, Inc., Panasonic Corporation, AVX Corporation.
Murata Manufacturing Co., Ltd. was the largest competitor in the supercapacitors/ultracapacitors market in 2017, with around 33.5% share of the market. Murata designs, manufactures and markets electronic materials, electronic components, and modules. The company was founded in 1944 and is headquartered in Kyoto, Japan. Murata Manufacturing Company’s growth strategy aims at expanding its market through sustainable investments. For instance, in November 2017, the company invested to expand its Indian operations, to increase sales by diversifying its markets.
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Opportunities In Supercapacitors/Ultracapacitors Market
Opportunities – The top opportunities in the global supercapacitors/ultracapacitors market will arise in the transport segment which will gain $1.65 billion of global annual sales by 2023. The supercapacitors/ultracapacitors market size will gain the most in China. Supercapacitors/ultracapacitors market-trend-based strategies include the use of graphene and carbon nanotubes to produce super capacitors, collaborations, use of metal nitrides and investing in supercapicitors. Player-adopted strategies in the supercapacitors/ultracapacitors industry include expansion of product portfolios, expansion through acquisitions, and strategic partnerships.
The supercapacitors/ultracapacitors market is segmented by end user
By End User – The supercapacitors/ultracapacitors market is segmented by end user
- a) Transport
- b) Electronics and Others
- c) Industrial
- d) Automotive renewables
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