Asia-Pacific Supercapacitor Market is Expected to Grow with A High CAGR In the Forecast Period
The Asia
Pacific Supercapacitor Market is expected to grow during 2024 and 2028 due to
rising demand for fuel cell electric vehicles and renewable energy solutions.
According to
TechSci Research report, “Asia-Pacific
Supercapacitor Market - By Country, Competition, Forecast & Opportunities,
2028F,” Asia-Pacific
Supercapacitor Market is expected to grow in
the forecast period, owing to the fact that traditional
electric car batteries are being replaced by supercapacitors because of their
quick charging and temperature stability. The supercapacitor
is used in energy storage systems undertaking frequent charge and discharge
cycles at high current. This capacitor, which is a new energy storage
component, has a wider temperature range, higher current capability, higher
efficiency, a longer cycle life, an easily observable state of charge, and a
wider voltage range. Lithium-ion batteries typically last between 500 and
10,000 charge cycles, whereas supercapacitors can last between 100,000 and a
million cycles. It can also function in a far wider temperature range than
conventional batteries—from -40°C to 70°C—and at any voltage lower than its
maximum continuous working voltage. This could lead to these capacitors being a
desirable power solution for more and more applications, which is projected to
drive the market.
The growing use of
solar photovoltaic (PV) technology and sustainability goals to promote the
transition to low carbon energy are the factors fueling the market growth.
Supercapacitors
have similar charge and discharge times to conventional capacitors. Low
internal resistance enables the achievement of high charge/discharge current.
The battery often needs several hours to fully charge. It's crucial to take
into account that supercapacitors can hold less energy per unit mass or volume
than batteries as they have a lower energy density.
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Based on Country, the market is divided into China, Japan, India, South Korea, Australia, Vietnam, Indonesia, Singapore, Philippines, Malaysia.
The Asia-Pacific Supercapacitor Market is divided into Product
Type, Module Type, Material, End- User, and Region. Based on Product Type, the
market is divided into Double-Layer Capacitor, Pseudo capacitors, and Hybrid
Capacitors. During the forecast period, Pseudo capacitors
segment is expected to dominate the Asia-Pacific Supercapacitors Market.
Pseudocapacitors are also known as Faradaic supercapacitors.
These capacitors come in two different varieties: metal oxides and
conductive polymers. The power density of these capacitors is high, and have a
long life. In comparison to Li-ion batteries, it charges and discharges
quickly. Energy density is increased by pseudo capacitor material, which also
enables energy density to be stored in the bulk of the electrode material and
on its surfaces. Pseudo capacitors use the Faraday process to store electrical
energy. Pseudo capacitors make a supercapacitor using an electric double layer
capacitor. Consumer electronics, portable electronics, and flexible electronics
all employ them, utilized in automobile applications for regenerative braking
as well. In kinetic energy (C.E.) recovery systems like cranes, elevators, and
wind turbines, pseudo capacitors are also employed.
Based on Module Type, the market is segmented into Less Than 10 Volts
Modules, 10 Volts to 25 Volts Modules, 25 Volts to 50 Volts Modules, 50 Volts
to 100 Volts Modules, and Above 100 Volts Modules. Based on Material, the
market is segmented into Activated carbon, Carbide Derived Carbon, Carbon
Aerogel, and Others.
Based on End-User, the market is
divided into Automotive, Industrial, Energy, and Aerospace & Defense. The
market of supercapacitors and ultracapacitors' application segment is heavily
dominated by the automotive industry. Due to their utilization as auxiliary
energy sources that complement primary energy sources, supercapacitors are
growing in demand. These sources include internal combustion engines,
fuel cells, or batteries that do not frequently deliver short bursts of high
power, i.e., cranking during the start of automobiles. Hence, supercapacitors are
used more frequently.
Key market
players in the Asia-Pacific Supercapacitor Market include:
- Panasonic
Corporation
- Eaton
Corporation PLC
- Cornell Dubilier
Electronics, Inc.
- CAP-XX Ltd
- Nippon
Chemi-Con Corp.
- Ioxus (XS
Power Batteries)
- Kilowatt
labs, Inc.
- Targray
Technology International Inc.
- Skeleton
Technologies.
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Supercapacitors
are being used and developed due to a number of factors. They are widely
employed in automobiles for a smooth charge/discharge cycle required for on/off
switching in the car. Hence, a shift in customer demand in favour of electric
and hybrid electric (HEV) vehicles is beneficial to the market expansion.
“The growth of
the automotive and electronics industries is predicted to fuel the growth of
the Asia Pacific supercapacitors market. Supercapacitors are widely used in
products like PCs, laptops, and other electronics, and the ever-expanding
electronic industry, thus contributing significantly to the growth of the Asia
Pacific Supercapacitors Market. Supercapacitors are becoming more popular due
to government measures supporting renewable energy, sustainability, and energy
efficiency.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Asia-Pacific Supercapacitor Market by Product Type (Double-Layer
Capacitor, Pseudo Capacitors, and Hybrid Capacitors), Module Type (Less Than 10
Volts Modules, 10 Volts to 25 Volts Modules, 25 Volts to 50 Volts Modules, 50
Volts to 100 Volts Modules, and Above 100 Volts Modules), Material (Activated
carbon, Carbide Derived Carbon, Carbon Aerogel, and Others), and End-user (Automotive,
Industrial, Energy, and Aerospace & Defense), By Country, Competition, Forecast and Opportunities, 2028F” has evaluated the future growth potential of Asia-Pacific
Supercapacitor Market and provides statistics and information on market
structure, size, share, and future growth. The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities present in the Asia-Pacific
Supercapacitor Market.
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