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

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Summary

Report Description

Asia-Pacific Supercapacitors market is anticipated to grow at a steady pace in the forecast period, 2024–2028 due to increasing acceptance of the automotive industry & rising customer preference for electric /hybrid electric (HEV) vehicles. The electric double-layer capacitor (EDLC), commonly referred to as a supercapacitor, is able to store a lot of energy. Supercapacitors were formerly mostly used for boring applications, including internal battery backup, protection for memory.

Supercapacitor is utilized for energy storage systems undertaking frequent charge and discharge cycles at high currents. Supercapacitors work on the simple principle that they can store electrical energy by forming an electric double-layer capacitance between the interface of electrolyte and bath solution. It eliminates the vacuum left by rechargeable batteries and electrolytic capacitors. In comparison to electrolytic capacitors, it typically stores 10 to 100 times more energy per unit volume or mass, accepts and delivers charge considerably more quickly, and can withstand many more charge and discharge cycles than rechargeable batteries. The major function of supercapacitors is utilizing reversible ion adsorption and desorption at the interfaces of electrode materials and electrolytes. Supercapacitors (SCs) are electrochemical energy storage devices that store and release energy. Supercapacitors are utilized in applications that require numerous rapid charge/discharge cycles rather than long-term compact energy storage, such as regenerative braking, short-term energy storage, or burst-mode power delivery in cars, buses, trains, cranes, and elevators. Smaller supercapacitors are utilized as a static random-access memory power backup (SRAM).

One of the main causes of this increase is the increased usage of electric cars (EVs) and renewable energy sources. Supercapacitors are ideal for these uses due to their rapid energy storage and release capabilities, which are necessary for addressing the high-power demands of electric vehicles and reducing fluctuations in the production of renewable energy. The market for supercapacitors is also being supported by the growing need for consumer and portable electronics. Supercapacitors can power small gadgets like smartwatches and headphones, and they may also be used in conjunction with batteries to enable faster charging and longer lifespan.

Growing Trend of Digital Gadgets Fueling the Market Growth in the Forecast Period

Traditional electric car batteries are being replaced by supercapacitors because of their quick charging capabilities and temperature stability. Supercapacitors are also more flexible than regular batteries.  The high demand for a stable power supply for applications such as GPS, portable media players, laptops, and mobile devices, is an emerging trend in the market.

Among the current supercapacitor technology, more investigation is being done into the creation of inexpensive and creative solutions. It underlines the need to lower the cost of producing carbon-based electrodes and the dependence on essential components while providing a more cost-effective and environmentally friendly alternative to current versions. For instance, scientists at Imperial College London and University College London (UCL) have recently created an electrode material for supercapacitors that is more energy-dense and environmentally friendly, paving the way for increased market adoption of high-power, quick-charging electric vehicle technology.

The growth of supercapacitors in the automotive industry has also been pushed by numerous market manufacturers who observed a significant increase in sales in the electric car sector. For instance, in 2022, EV volumes sales were around 10.6 million and this represents a jump of 57% over 2021. At the end of 2022, there are almost 27 million EVs used in light vehicles (70% BEVs, and 30% PHEVs).


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China's Growing Electric Automobile Industry

To reach the carbon neutrality goals by 2060, China's demand for supercapacitors is anticipated to increase at one of the fastest rates in the world for a very long time. This Goal is based on energy efficiency, renewables and reducing coal use. Supercapacitors are ideal for these uses, owing to their rapid energy storage and release facilities. The entire market share of supercapacitors in China would keep growing as a result of the rising demand in downstream markets, such as electric automobiles.

The automobile sector in China has a high degree of influence, and the nation has grown increasingly significant in the global automotive market. The government recognizes the automotive sector, which includes the auto parts industry, as one of the foundational industries of the economy. According to the Central Government of China, the country would produce 35 million cars by 2025, meeting the significant demand for supercapacitors. China is considered one of the top adopters of electric vehicles, which are becoming more and more popular. The 13th Five-Year Plan for China's transportation industry promotes the development of green mobility alternatives like hybrid and electric vehicles.

Japanese Government Moving Towards Electric or Hybrid Models

Additionally, the goal of the Japanese government is to introduce new electric or hybrid vehicles by 2025. The nation intends to provide subsidies to accelerate the private sector's development of batteries and electric vehicle motors. The government is aiming for a reduction in greenhouse gas emissions from vehicles. Thus, Japanese bus and truck manufacturers are concentrating more on producing electric cars. As an illustration, Hino Motors Ltd. unveiled its first diesel-electric hybrid truck model.

High Cost of Supercapacitors/Ultracapacitors Hinders the Market's Expansion

The high cost of supercapacitors and ultracapacitors hinders the market's expansion and limits their use in a wide range of possible applications. The materials used in the coating of electrodes, like activated carbons, significantly contribute to the high cost of supercapacitors. Supercapacitors are expensive, which has impacted the overall market growth. In the upcoming years, the cost of non-aqueous supercapacitors can reach USD 2400/KWh, which is substantially more expensive than the price of conventional and light ion batteries.

Recent Development

  • In September 2022, Godi India announced the creation of supercapacitors to lengthen the battery life in electric vehicles. With its plant in Hyderabad (India), the company is the first to produce 3000F (farads) high-power supercapacitors. A 200-kWh supercapacitor production facility will also be put into operation by the company to meet various local and international demands.
  • According to CAP-XX Limited the thin prismatic Murata supercars were put into full-scale production and started shipping in January 2021. Owing to which, the demand of supercapacitors is growing, due to the fact supercapacitors are used for energy storage facilities in cars.
  • In July 2021, The AVX Company, a leading manufacturer and provider of innovative electronic components and interconnect, sensor, control, and antenna systems, introduced a brilliant new collection of standard and custom supercapacitors.
  • May 2022 saw the formation of a joint venture between CAP-XX Limited and Iconic Industries. This company is responsible for commercializing reduced graphene oxide (rGO), which is used in supercapacitors and other energy storage devices. On behalf of the joint venture, CAP-XX will use rGO to produce and market supercapacitors and other energy storage devices under the CAP-XX name.
  • Kyocera AXA unveiled a line of pouch-style supercapacitors in August 2022. These capacitors can be used independently as system power backup devices, sometimes taking the place of batteries, or they can be used in conjunction with primary or secondary batteries.

Market Segmentation

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. 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. Based on country, the market is divided into China, Japan, India, South Korea, Australia, Vietnam, Indonesia, Singapore, Philippines, Malaysia.

Market Players

Major market players in the Asia-Pacific Supercapacitor Market are 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., and Skeleton Technologies.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Product Type

Module Type

Material

End-User

Country scope

China, Japan, India, South Korea, Australia, Vietnam, Indonesia, Singapore, Philippines, Malaysia

Key companies profiled

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., and Skeleton Technologies.

 

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Asia-Pacific Supercapacitor Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Asia-Pacific Supercapacitor Market, By Product Type:

o    Double-Layer Capacitor

o    Pseudo capacitors

o    Hybrid Capacitors

·         Asia-Pacific Supercapacitor Market, By Module Type:

o    Less Than 10 Volts Modules

o    10 Volts to 25 Volts Modules

o    25 Volts to 50 Volts Modules

o    50 Volts to 100 Volts Modules

o    Above 100 Volts Modules

·         Asia-Pacific Supercapacitor Market, By Material:

o    Activated Carbon

o    Carbide Derived Carbon

o    Carbon Aerogel

o    Others

·         Asia-Pacific Supercapacitor Market, By End User:

o    Automotive

o    Industrial

o    Energy

o    Aerospace & Defense

·         Asia-Pacific Supercapacitor Market, By Country:

o    China

o    Japan

o    India

o    South Korea

o    Australia

o    Vietnam

o    Indonesia

o    Singapore

o    Philippines

o    Malaysia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific Supercapacitor Market.

Available Customizations:

Asia-Pacific Supercapacitor Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Asia-Pacific Supercapacitor Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.3.  Markets Covered

1.4.  Years Considered for Study

1.5.  Key Market Segmentations

2.    Research Methodology

2.1.  Baseline Methodology

2.2.  Key Industry Partners

2.3.  Major Association and Secondary Sources

2.4.  Forecasting Methodology

2.5.  Data Triangulation & Validation

2.6.  Assumptions and Limitations

3.    Impact of COVID-19 on Asia-Pacific Supercapacitor Market

4.    Executive Summary

5.    Voice of Customers

6.    Asia-Pacific Supercapacitor Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product Type (Double-Layer Capacitor, Pseudo capacitors, and Hybrid Capacitors)

6.2.2.    By 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)

6.2.3.    By Material (Activated carbon, Carbide Derived Carbon, Carbon Aerogel, and Others)

6.2.4.    By End-user (Automotive, Industrial, Energy, and Aerospace & Defense)

6.2.5.    By Country (China, Japan, India, South Korea, Australia, Vietnam, Indonesia, Singapore, Philippines, Malaysia)

6.3.  By Company (2022)

6.4.  Market Map

7.    China Supercapacitor Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product Type

7.2.2.    By Module Type

7.2.3.    By Material

7.2.4.    By End-User

8.    Japan Supercapacitor Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product Type

8.2.2.    By Module Type

8.2.3.    By Material

8.2.4.    By End-User

9.    India Supercapacitor Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product Type

9.2.2.    By Module Type

9.2.3.    By Material

9.2.4.    By End-User

10. South Korea Supercapacitor Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Module Type

10.2.3. By Material

10.2.4. By End-User

11. Australia Supercapacitor Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Product Type

11.2.2. By Module Type

11.2.3. By Material

11.2.4. By End-User

12. Vietnam Supercapacitor Market Outlook

12.1.             Market Size & Forecast

12.1.1. By Value

12.2.             Market Share & Forecast

12.2.1. By Product Type

12.2.2. By Module Type

12.2.3. By Material

12.2.4. By End-User

13. Indonesia Supercapacitor Market Outlook

13.1.             Market Size & Forecast

13.1.1. By Value

13.2.             Market Share & Forecast

13.2.1. By Product Type

13.2.2. By Module Type

13.2.3. By Material

13.2.4. By End-User

14. Singapore Supercapacitor Market Outlook

14.1.             Market Size & Forecast

14.1.1. By Value

14.2.             Market Share & Forecast

14.2.1. By Product Type

14.2.2. By Module Type

14.2.3. By Material

14.2.4. By End-User

15. Philippines Supercapacitor Market Outlook

15.1.             Market Size & Forecast

15.1.1. By Value

15.2.             Market Share & Forecast

15.2.1. By Product Type

15.2.2. By Module Type

15.2.3. By Material

15.2.4. By End-User

16. Malaysia Supercapacitor Market Outlook

16.1.             Market Size & Forecast

16.1.1. By Value

16.2.             Market Share & Forecast

16.2.1. By Product Type

16.2.2. By Module Type

16.2.3. By Material

16.2.4. By End-User

17. Market Dynamics

17.1.             Drivers

17.2.             Challenges

18. Market Trends & Developments

19. Policy & Regulatory Landscape

20. Company Profiles

20.1.             Panasonic Corporation

20.1.1. Business Overview

20.1.2. Key Revenue and Financials (If Available)

20.1.3. Recent Developments

20.1.4. Key Personnel

20.1.5. Key Product/Services

20.2.             Eaton Corporation PLC

20.2.1. Business Overview

20.2.2. Key Revenue and Financials (If Available)

20.2.3. Recent Developments

20.2.4. Key Personnel

20.2.5. Key Product/Services

20.3.             Cornell Dubilier Electronics, Inc.

20.3.1. Business Overview

20.3.2. Key Revenue and Financials (If Available)

20.3.3. Recent Developments

20.3.4. Key Personnel

20.3.5. Key Product/Services

20.4.             CAP-XX Ltd

20.4.1. Business Overview

20.4.2. Key Revenue and Financials (If Available)

20.4.3. Recent Developments

20.4.4. Key Personnel

20.4.5. Key Product/Services

20.5.             Nippon Chemi-Con Corp.

20.5.1. Business Overview

20.5.2. Key Revenue and Financials (If Available)

20.5.3. Recent Developments

20.5.4. Key Personnel

20.5.5. Key Product/Services

20.6.             Ioxus (XS Power Batteries)

20.6.1. Business Overview

20.6.2. Key Revenue and Financials (If Available)

20.6.3. Recent Developments

20.6.4. Key Personnel

20.6.5. Key Product/Services

20.7.             Kilowatt labs, Inc.

20.7.1. Business Overview

20.7.2. Key Revenue and Financials (If Available)

20.7.3. Recent Developments

20.7.4. Key Personnel

20.7.5. Key Product/Services

20.8.             Targray Technology International Inc

20.8.1. Business Overview

20.8.2. Key Revenue and Financials (If Available)

20.8.3. Recent Developments

20.8.4. Key Personnel

20.8.5. Key Product/Services

20.9.             Skeleton Technologies.

20.9.1. Business Overview

20.9.2. Key Revenue and Financials (If Available)

20.9.3. Recent Developments

20.9.4. Key Personnel

20.9.5. Key Product/Services

21. Strategic Recommendations

22. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The key players profiled in the report 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., and Skeleton Technologies.

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A supercapacitor is used in batteries that perform frequent, high-current charge and discharge cycles. Supercapacitors store energy electrostatically, as compared to batteries, which depend on chemical reactions for storage. This makes it possible for them to charge and discharge quickly, offering great power density and outstanding cycle performance.

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Rising acceptance by the automotive industry and rising customer preference for electric /hybrid electric (HEV) vehicles are the main drivers of Asia Pacific Supercapacitor Market.

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The high cost of supercapacitors and ultracapacitors hinders the market's expansion and limits their use in a wide range of possible applications.

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Jun, 2023

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.

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