Supercapacitors Market Size, Share | Global Report [2024-2032]
Supercapacitors, also known as ultracapacitors or double-layer capacitors, are electronic devices that are used to store particularly large amounts of electrical charge.
The market is projected to record a valuation of USD 9.57 billion by 2032. What was the value of the global supercapacitors market in 2023? At what CAGR is the market projected to grow during the forecast period of 2024-2032? Which is the leading application segment in the market? Which is the key factor driving the market growth?
On the basis of application, the market is categorized into automotive, consumer electronics, energy, industrial, healthcare, and others. The automotive sector held the largest supercapacitors market share in 2023, driven by the increasing demand for high-performance energy storage systems.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis The global supercapacitor market is projected to grow from USD 1.35 billion in 2025 to USD 2.84 billion by 2030, at a CAGR of 16.1%. Growth is driven by adoption of automotive, consumer electronics, renewable energy, and industrial automation.
The primary driving factor behind the market of supercapacitors is renewable energy infrastructure expansion, primarily by solar and wind power, as power throughput typically fluctuates in these energy sectors and quick energy storage and discharges are usually needed to ensure the stability of the grid.
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