Press release
Ultracapacitors Market is Expected to Expand at a CAGR of 21.4% From 2025 to 2034 To Reach a Value 26.62 Billion By 2034
Ultracapacitors Market
An ultracapacitor is a durable energy repository gadget that can reserve and discharge electrical energy speedier than the battery. While batteries reserve energy through chemical reactions, ultracapacitors do not reserve electrons straightaway. Rather, they reserve positively and negatively charged ions and utilize a liquid electrolyte to ease the flow of energy; dissimilar to batteries, no chemical reactions are included. This causes much speedier charge and discharge times and renders ultracapacitors perfect for automotive applications that need speedy rupture of power for the swift repositories, such as when energy is retrieved through regenerative braking. They also possess a longer life cycle than batteries as there are no physical and chemical alterations accelerating degradation.
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Market Outlook:
The global ultracapacitors market was valued at USD 3.84 billion in 2024 and is expected to grow to USD 26.62 billion by 2034. The market is expected to expand at a CAGR of 21.4% from 2025 to 2034.
Growth Factors and Opportunities:
A growing concentration of renewable energy sources, such as solar and wind energy, is expected to drive up the demand for ultracapacitors. Moreover, the growing acquisition of mobile devices such as cameras, smartphones, laptops, and others needing speedy, dependable, and green power sources reinforcing speedy charging and prolonged battery life will propel the ultracapacitors market forward.
Key Participants:
Significant market contenders are funding massively in R&D to augment their offerings which will boost the market growth. Some of the major players participating in the ultracapacitors market are:
• Abracon
• CAP-XX
• Eaton Corporation
• ELNA CO., LTD.
• KEMET Corporation
• KYOCERA AVX Corporation
• LS Mtron Co., Ltd.
• Maxwell Technologies
• NEC Corporation
• Ness Electronics, Inc.
• Nippon Chemi-Con Corporation
• Panasonic Corporation
• Skeleton Technologies
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Ultracapacitors Market Industry Developments:
• October 2023:
KYOCERA AVX, a global leader in advanced electronic components, broadened its PrizmaCap portfolio with the introduction of a new Gen II series. These prismatic electrochemical double-layer capacitors (EDLCs) now boast increased capacitance, higher voltage ratings, and improved energy density, reinforcing their reputation for ruggedness and high reliability.
• March 2023:
Abracon, recognized for its expertise in frequency control, timing, power, magnetics, RF, and antenna solutions, unveiled a brand-new lineup of 2.7V and 3.0V EDLC radial supercapacitors. This launch marks a significant expansion of their ultracapacitor offerings.
• August 2021:
KEMET, a division of the YAGEO Group, released its new high-performance supercapacitors designed for automotive electronics-the FMD and FU0H series. Engineered to endure 1,000 hours at an 85°C/85% RH-rated voltage, these capacitors are optimized for a wide operating temperature range from -40°C to 85°C.
Ultracapacitors Market Report Highlights:
• In terms of type, the hybrid capacitors segment is projected to grow at a rapid pace during the forecast period owing to their unique combination of high energy density and power performance.
• Based on application, the automotive segment dominated the ultracapacitors market share in 2024 due to the increasing adoption of energy-efficient technologies in vehicles and the shift toward electrification in the transportation industry.
• In the global market, North America held the largest revenue share in 2024 due to advancements in energy storage technologies and strong adoption across various industries such as automotive, aerospace, and renewable energy.
• The Asia Pacific ultracapacitors market is expected to grow at the fastest pace during the forecast period due to rapid industrialization and urbanization and increasing demand for energy-efficient technologies in countries such as China, Japan, and India.
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Market Segmentation:
The ultracapacitors analysis is mainly based on type, power, application, and region. Based on type, the double-layered capacitors segment witnessed the fastest growth. Also, according to the application, the automotive segment holds a significant revenue share. The growing acquisition of green technologies in vehicles and a move towards electrification in conveyance industries is speeding up the market growth.
By Type Outlook (Revenue, USD Billion, 2020-2034)
• Double Layered Capacitors
• Pseudocapacitors
• Hybrid Capacitors
By Power Outlook (Revenue, USD Billion, 2020-2034)
• Less than 10 Volts
• 10 Volts to 25 Volts
• 25 Volts to 50 Volts
• 50 Volts to 100 Volts
• Above 100 Volts
By Application Outlook (Revenue, USD Billion, 2020-2034)
• Automotive
• Consumer Electronics
• Energy
• Industrial
• Others
Country-Wise Insights:
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
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