Supercapacitors in Electric Vehicle Market - Forecast(2022 - 2027)

Report Code: ESR 0712 Report Format: PDF + Excel

Supercapacitor in Electric Vehicle Market Overview

Supercapacitor in Electric Vehicle Market size is projected to reach $593.6 million by 2026, and it is estimated to grow at a CAGR 18.1% during 2021-2026. The robust growth of Supercapacitors in lithium batteries based Electric Vehicle Market is majorly attributed to the huge investments towards expansion of electric vehicle charging infrastructure and increasing development of electrification technology to reduce fuel consumption. Supercapacitors and ultracapacitors exhibit long shelf life, high power density, and fast charging function and such beneficiary capabilities are the key factors driving the market. The rising demand for renewable energy sources and increasing government regulations to curb the carbon emission are boosting the market for electric double layered capacitors. Furthermore, with the rapid growth of carbon based supercapacitors in electric mobility and intelligent transportation system for regenerative breaking or start/stop applications to deliver significant savings on fuel reducing emission the demand for Supercapacitor in Electric Vehicle has also gained a huge traction.

Report Coverage

The report: “Supercapacitor in Electric Vehicle Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Supercapacitor in Electric Vehicle Market.
By Capacitor Type: Electric Double Layer Capacitor (wound type, coin type), Pseudo Capacitors, Hybrid Capacitors (Composite Hybrid, Asymmetric Hybrid, Others), Others
By Capacitance: <100 F, 100F-300F, 301F-400F, >400F
By  Electrode Material Type: Electrodes (carbon nanotubes, carbon nano filament, carbon black, carbon gel, others), Electrolytes (Organic electrolyte, Aqueous Electrolyte), Separators (Polymeric films, Polyacrylonitrile (PAN), Kapton, Others), others
By Vehicle Type: Passenger vehicles, Commercial vehicles
By application: Braking system, Stop-go hybrids, Charge Sustaining, others
By Geography: North America (U.S., Canada and Mexico),Europe (U.K., Germany, Italy, France, Spain, Russia, Rest of Europe); APAC (China, Japan, South Korea, India, Australia, Rest of APAC); ); South America (Brazil, Argentina, Rest of South Americas);RoW (Middle East & Africa)

Key Takeaways

  • Passenger Vehicles are estimated to account for the largest market share of 78% by 2026 owing to growth in sales of electric passenger cars in emerging counties.
  • APAC has dominated the Supercapacitor in Electric Vehicle market in 2020 and is estimated to account for largest market share of 47% by 2026with the fastest growing CAGR 19.5% due to rising promotion of green transportation such as hybrid electric vehicles.
  • Rapid penetration of electric vehicles and rising government initiatives to curb vehicle emission are set to drive the market from 2021 to 2026.
  • High production cost is one of the major challenges to impede the market growth during2021-2026.

Global Supercapacitor in Electric Vehicle Market Value ($M), By Region, 2020

 Supercapacitor in Electric Vehicle Market

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Supercapacitor in Electric Vehicle Market Segment Analysis- By Capacitor Type

By capacitor type, Supercapacitor in Electric Vehicle Market has been segmented into Electric Double Layer Capacitor, Pseudo Capacitors and Hybrid capacitors. Electric Double Layer Capacitors dominated the market in 2020 acquiring a share of 42% and is estimated to hold the largest market share by 2026 due to rising demand for next generation low cost, more sustainable and energy dense supercapacitors to power the electric vehicles. The rising environmental awareness among passengers is also increasing the demand for the eco-friendly supercapacitors. In May 2019, Tesla completed the acquisition of Maxwell Technologies, a San Diego based ultracapacitor and battery manufacturer for over US$ 200 million to expand the EV charging infrastructure. Such acquisitions are boosting the market.

Supercapacitor in Electric Vehicle Market Segment Analysis- By Vehicle Type

By Vehicle Type, Supercapacitor in Electric Vehicle Market has been segmented into passenger vehicles and commercial vehicles. Passenger cars are estimated to account for the largest market share of 78% by 2026growing at a CAGR 17.9% due to growth in personal mobility, rising income per capita and improved lifestyle cars in emerging countries such as India and China. The rise in intelligent transportation system and connected mobility has contributed to the growth of the market. The growing advancements in battery and power management technologies and expansion of electric vehicle charging infrastructure is set to drive the market during 2021-2026. In September 2019, Lamborghini launched Sian FKP 37, a hybrid sports car utilizing hybrid supercapacitor components. Such innovations are propelling the growth of the market.

Supercapacitor in Electric Vehicle Market Segment Analysis- By Geography

By geography, Supercapacitor in Electric Vehicle Market has been segmented into North America, Europe APAC, South America and RoW. APAC dominated the Supercapacitor in Electric Vehicle market in 2020 with a share of 44% and is estimated to hold the major market share of 47% by 2026. APAC is also estimated to grow at the fastest CAGR 19.5% from 2021 to 2026 owing to Government’s stringent policies towards reducing carbon footprint. APAC region is estimated to be the dominant adopter of electric vehicles and the rising promotion of green transportation such as hybrid electric vehicles are fostering the market. The ongoing developments and rising investments towards incorporation of new technologies into electric vehicles are driving the supercapacitors in electric vehicle market. In April 2021, a Bengaluru based start-up announced to commercialize supercapacitor solutions to accelerate the charging of electric vehicles. Such developments are set to drive the market during the forecast period 2021-2026.

Supercapacitor in Electric Vehicle Market Drivers

Rapid penetration of electric vehicles globally

The rapid transition of automotive industries towards electrification of vehicles to reduce the carbon footprint is stimulating the market. The rising technological advancements in battery and power management technology to enhance the electric vehicle charging infrastructure is bolstering the market. Supercapacitors in electric vehicles provide voltage stabilization and prevent interruptions to vehicle electronics. Supercapacitors also help in active suspension, support drive train, regenerative energy capturing, peripheral power, supplemental restraint system (SRS) airbags, distributed power-loom, power steering, and electric vehicle charging stations. Moreover, supercapacitors do not contain any toxic metals or harmful materials which can poison the passenger of environment. Such beneficiary capabilities of supercapacitors are set to drive the market during the forecast period 2021-2026. In February 2020, University College of London and Chinese Academy of Sciences have introduced a new graphene-based supercapacitor allowing electric vehicles to be charged in 10 minutes and can accumulate a record amount of energy which can be stored for a long time. Such developments are boosting the market growth.

Increasing adoption of hybrid supercapacitors for minute EV charging

The rising trend of combining speed of supercapacitors with the stamina of batteries in a hybrid system to optimize the performance alleviating range anxiety and recharge rate is facilitating the overall consumer shift from petrol and diesel to electric vehicles. According to reports, power density in hybrid supercapacitors is 10 times greater than available in lithium-ion batteries, while lifecycle is improved five-fold and charge times are brought down to minutes instead of hours. The bolstering demand for hybrid supercapacitors is augmenting the market. In May 2021, Nawa Technologies announced to use supercapacitor in hybrid electric motorcycle to boost its range bolstering peak power output. Such developments are stimulating the market.

Supercapacitor in Electric Vehicle Market Challenges

High production cost

Supercapacitors are analyzed to be the one of the promising solutions for powering electric vehicles, particularly in and around urban areas where potential charging infrastructure is available. But the high production cost of supercapacitors is hampering the adoption. The costly graphene-based materials, utilized in supercapacitors increases the overall production and maintenance cost and thus restraining the market growth. However, significant investments for developing replacement of costly graphene is set to offset this challenge during the later stages of 2021-2026.

Supercapacitor in Electric Vehicle Market Landscape

Product innovation, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Supercapacitor in Electric Vehicle market. Supercapacitor in Electric Vehicle top 10 companies include Nippon Chemi-Con Corporation, Eaton Corporation, CAP XX, Maxwell Technologies, Ioxus, Inc., VINATech Co., Ltd., ZoxcellLtd, JinzhouKaimei Power Co., Ltd., AVX Corporation, ELNA Co. Ltd., and others.

Acquisitions/Product Innovations/ Collaborations

  • In June 2021, researchers from Imperial College London and University College London introduced a novel standalone supercapacitor electrode structure with high energy storage capacity utilizing lignin, a by-product of paper manufacturing.
  • In May 2021, Us Nuclear’s partner Grapheton launched next generation supercapacitor utilizing glassy carbon material with rapid charging advantages while powering electric vehicles.

Relevant Report Titles

Report Code: ATR 0007

Report Code: ESR 0017


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1. Supercapacitor in Electric Vehicles Market Overview
    1.1 Definitions and Scope
2. Supercapacitor in Electric Vehicles Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by type
    2.3 Key trends segmented by Country
3. Supercapacitor in Electric Vehicles Market– Industry Market Entry Scenario Premium
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Supercapacitor in Electric Vehicles Market – Startup companies Scenario Premium Premium
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Supercapacitor in Electric Vehicles Market – Industry Market Entry Scenario Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis – Top 10 companies
6. Supercapacitor in Electric Vehicles Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Supercapacitor in Electric Vehicles Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. Supercapacitor in Electric Vehicles Market- By Type
    8.1 Activated carbon supercapacitors
    8.2 Hybrid supercapacitors
    8.3 Graphene supercapacitors
    8.4 Ceramic supercapacitors
    8.5 Others
9. Supercapacitor in Electric Vehicles Market – By Capacitance
    9.1 Upto 100 F
    9.2 101 to 300 F
    9.3 300 to 400 F
    9.4 Above 400 F
10. Supercapacitor in Electric Vehicles Market – By Vehicle Type
    10.1 Passenger cars
    10.2 Commercial vehicles
        10.2.1 Light commercial vehicles
        10.2.2 Buses
        10.2.3 Forklifts
        10.2.4 Utility vehicles
        10.2.5 Others
11. Supercapacitor in Electric Vehicles Market – By Vehicle Category
    11.1 Pure battery electric vehicles
    11.2 Hybrid electric vehicles
        11.2.1 Full hybrid
        11.2.2 Mild hybrid
        11.2.3 Plug-in hybrids
12. Supercapacitor in Electric Vehicles Market – By Application
    12.1 Regenerative braking system
    12.2 Drive trains
    12.3 Power Steering
    12.4 Charging stations
    12.5 SRS Airbag
    12.6 Engine Start
    12.7 Others
13. Supercapacitor in Electric Vehicles Market - By Geography (Market Size -$Million)
    13.1 North America
        13.1.1 U.S
        13.1.2 Canada
        13.1.3 Mexico
    13.2 South America
        13.2.1 Brazil
        13.2.2 Argentina
        13.2.3 Rest of South America
    13.3 Europe
        13.3.1 UK
        13.3.2 Germany
        13.3.3 France
        13.3.4 Italy
        13.3.5 Netherlands
        13.3.6 Spain
        13.3.7 Rest of Europe
    13.4 APAC
        13.4.1 China
        13.4.2 Japan
        13.4.3 South Korea
        13.4.4 India
        13.4.5 Australia
        13.4.6 Rest of APAC
    13.5 RoW
        13.5.1 Middle East
        13.5.2 Africa
14. Supercapacitor in Electric Vehicles Market Entropy
    14.1 New product launches
    14.2 M&A's, collaborations, JVs and partnerships
15. Supercapacitor in Electric Vehicles Market – Industry / Segment Competition landscape Premium Premium
    15.1 Market Share Analysis
        15.1.1 Market Share by Country- Top companies
        15.1.2 Market Share by type of Application – Top 10 companies
        15.1.3 Market Share by type of Product / Product category- Top 10 companies
        15.1.4 Best Practices for companies
16. Supercapacitor in Electric Vehicles Market – Key Company List by Country Premium Premium
17. Supercapacitor in Electric Vehicles Market - Company Analysis
    17.1 Maxwell Technologies
    17.2 Eaton Corporation
    17.3 Spel Technologies Pvt. Ltd.
    17.4 Cap-XX
    17.5 Nippon Chemi-Con Corporation
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10Company 10 and others
18. Supercapacitor in Electric Vehicles Market – Appendix
    18.1 Abbreviations
    18.2 Sources
19. Supercapacitor in Electric Vehicles Market - Methodology
    19.1 Research Methodology
        19.1.1 Company Expert Interviews
        19.1.2 Industry Databases
        19.1.3 Associations
        19.1.4 Company News
        19.1.5 Company Annual Reports
        19.1.6 Application Trends
        19.1.7 New Products and Product database
        19.1.8 Company Transcripts
        19.1.9 R&D Trends
        19.1.10 Key Opinion Leaders Interviews
        19.1.11 Supply and Demand Trends