Supercapacitor Market and its Growth Landscape in the Foreseeable Future

Supercapacitors, also known as electric double-layer capacitor (EDLC) are capable of storing large amount of energy. Earlier, the supercapacitors were largely consigned to monotonous applications, such as internal battery backup, and memory protection. The other factors driving the growth of the global supercapacitor market include superior power density, and higher product life cycle regardless of capacitor charge cycle.

The most promising opportunity for the growth of the market is expected from energy harvesting technologies, especially in the micro-energy harvesting applications such as, tire pressure monitoring system (TPMS), energy harvesting in automobiles where the energy storage requirement is relatively low.

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However, the application for supercapacitor has extended significantly in recent years, owing to their increasing penetration in hybrid vehicles, energy harvesting, and consumer electronics products.
The growing need for increased battery life in smartphone, laptop, and other similar consumer electronics products has increased the market penetration of supercapacitors in various new applications.

The operational advantages, such as faster switching, small charging time, and simple design is fueling the growth of the microelectronics application areas such as CMOS logic, uninterruptible Power supply (UPS) systems, electronic toys, and security alarm.

Asia-Pacific accounted for the largest share in the global supercapacitor market in 2014. The high penetration of electric vehicles, along with consumer electronic products in the region has led to the market dominance of Asia-Pacific. China was the largest and the fastest growing market in Asia-Pacific in 2014.

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The threat of entry of the new players in the global market is low, as the major players in the market have high proprietary learning curve. Moreover, the competition in the global market is high among few large players, such as, AVX Corp, Beijing HCC Energy Tech. Co. Ltd., and Axion Power International Inc. The other major competitors in the global supercapacitor market are Maxwell Technologies Inc., Bombardier, Inc., Graphene Laboratories Inc., and Panasonic Corporation.

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