Asia Pacific market is expected to exhibit the highest CAGR over the forecast period (2017–2025). This is due to presence of major key players in this region such as Panasonic Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), and Nesscap Co., Ltd. (China). Additionally, high growth in automotive sector is expected to boost the market growth. According to the International Energy Agency’s Global EV Outlook, China was largest market for electric vehicles in 2016, accounting for over 40% of the electric cars sold globally, which includes over 200 million electric two-wheelers and over 300,000 electric buses. Super-capacitors are significantly used in electric and hybrid vehicles for short-term energy storage and brake reforming. Hence, growth in electric and hybrid market is expected to lead to regional supercapacitor market growth.

Other major applications include wind turbines. In wind turbine application, supercapacitors responsible for smoothing out the discontinuous power supplied by the wind.

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Growth in consumer electronics sector is expected to be a major factor for growth in the global super-capacitor market. This is owing to increasing adoption of smart, sustainable, and convenient devices. For example, in smartphones and laptops, there is a requirement for longer electric power backup, and super-capacitor fulfills this requirement. For instance, according to Coherent Market Insights’ analysis, as of 2016, around 350 units of mobile devices were sold globally, which accounted for an increase of over 3.7% from 2015. Revenue generated by smartphone devices alone, accounted for over 70% sales of the global mobile devices in 2016.

However, high cost of materials is expected to restrain growth of the global super-capacitor market. For instance, graphene is most commonly used in supercapacitors as electrolytes, which is more expensive than activated carbon. Its initial high cost exceeds the cost of lithium ion batteries. Major players operating in the global supercapacitor market include Cap-XX Limited, Panasonic Corporation, Nesscap Energy Inc., Murata Manufacturing Co., Ltd., Maxwell Technologies, Inc., Skeleton Technologies, Axion Power International, Inc., Graphene Laboratories, Inc., Nippon Chemi-Con Corporation, Mouser Electronics, Inc., AVX Corporation, Evans Capacitor Company, and SPEL Technologies Private Limited.

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Supercapacitor Market Taxonomy

On the basis of type, the global supercapacitor market is segmented into:

Double-Layer Capacitor

Pseudocapacitors

Hybrid Capacitors

On the basis of materials, the global supercapacitor market is segmented into:

Electrolyte

Electrodes

Separators

On the basis of end-user industry, the global supercapacitor market is segmented into:

Consumer Electronics

Industrial

Automotive

Energy

Medical

Aerospace and Defence

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