Supercapacitors Market Size

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.