Supercapacitors Market size was over USD 2.58 billion in 2023 and is projected to exceed USD 19 billion by the end of 2036, growing at over 16.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of supercapacitors is evaluated at USD 2.92 billion.
The increasing demand in energy storage system applications, including solar PV panels and solar lightings, and the rising use of supercapacitors in aircraft and trains are expected to drive the supercapacitors market growth during the forecast period. These supercapacitors are majorly used in the energy and automobile segment. The rising demand for sustainable development and minimizing emissions in energy storage is also driving the market growth. Furthermore, the increasing demand for electric vehicles is likely to fuel the growth of the market in the forecast period.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
16.6% |
|
Base Year Market Size (2023) |
USD 2.58 billion |
|
Forecast Year Market Size (2036) |
USD 19 billion |
|
Regional Scope |
|
Based on type, the hybrid supercapacitors segment is anticipated to capture the major market share among the other types owing to its significant uses in wearable devices, mobile phones, laptops, barcode scanners, LED flashlights, thermal printers, and GPS chips.
The market is segmented on industrial, medical, automotive, energy, consumer electronics, aerospace, and defense. The automobile segment is expected to capture the major market share in the forecast period owing to key applications, including dynamic brake energy storage and power recuperation.
Our in-depth analysis of the global market includes the following segments
|
By Product Type |
|
|
By Applications |
|
APAC Market Statistics
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. Asia Pacific industry is expected to hold largest revenue share by 2036, as rapid infrastructure and industrialization development are driving the growth of automotive and consumer electronics industries in the region.
North America Market Analysis
The market in North America is the second largest market in terms of revenue and is also estimated to grow with a significant growth rate over the forecast period owing to demand for supercapacitors in mid-sized and large automotive industries.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?