Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Growth in Electronics and Automotive Industries Boosting the Market Growth of Ultracapacitors

The ultracapacitors industry has been driven by the rapid growth in demand for electronics products such as laptops and smartphones. The increased internet penetration augmented the demand for smartphones, communication devices, network hardware, and computers, thereby increasing the demand for ultracapacitors. The market growth can also be attributed to the product’s usage in automotive applications, thus, driving the market within the automotive sector. The increasing popularity of hybrid and electric vehicles and increased investment in mass rapid transport systems in many developed and developing countries globally is contributing to the growth of the global market for ultracapacitors. Long shelf life, battery longevity, and a capacitor with a fast-charging option are the other factors that have further contribute to the growth of the ultracapacitors industry.

The rising use of ultracapacitors in trains and aircraft is anticipated to drive the industry growth. The industry is also expected to grow due to the increasing demand for renewable energy sources and favourable government regulations. An increase in gasoline demand for fuel-efficient modes of transportation is further projected to augment the market growth. The market is also witnessing the rising need for ultracapacitors used for energy re-filling in buses, trams, and trains, owing to a strong demand for energy-efficient products. Thus, the increasing use of ultracapacitors in solar and wind energy applications is expected to increase the growth opportunities for the ultracapacitors industry.

 

Ultracapacitors Market Report Snapshots

Ultracapacitors Market Size

Ultracapacitors Market Growth

Ultracapacitors Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global ultracapacitors market attained a value of nearly USD 5028.95 million in 2024.

The market is projected to grow at a CAGR of 26% between 2025 and 2034.

The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 40259.12 million by 2034.       

The major market drivers include rapid industrialisation, surging infrastructural development activities, the rising adoption of electric vehicles, and surging investments in mass rapid transport systems. 

The key trends guiding the market growth include the rising demand for ultracapacitors in the electronics and automotive sectors and an increasing production of energy-efficient products.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant segments based on power types of ultracapacitors considered in the market report are less than 10 volts, 10 volts to 25 volts modules, 25 volts to 50 volts modules, 50 volts to 100 volts modules, and above 100 volts modules.

The major applications of ultracapacitors include automotive, industrial, energy, and electronics.

The major players in the market are Maxwell Technologies Inc., Supreme Power Solutions Co. Ltd., SECH SA, Skeleton Technologies, and LICAP Technologies, Inc., among others.

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