Supercapacitor Market to Reach $2.18 Billion by 2022
December 7, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Supercapacitor Market by Type (Double Layer, Pseudocapacitor, and Hybrid), Application (Laptop, Camera, Power Backup, Memory, UPS, Aircraft, Solid-State Disc Drives) Vertical, and Geography - Global Forecast to 2022" report to their offering.
The supercapacitor market is expected to grow at a CAGR of 20.7% and reach USD 2.18 Billion by 2022.
A wide range of applications use supercapacitors as they provide a harmless, clean, and economical alternative energy solution to the industry. Also, the growing implementation of automobiles that uses electrical systems in the automotive industry is driving the growth of the overall supercapacitor market.
Supercapacitor has numerous verticals across different industries such as consumer electronics, industrial, automotive, energy, medical, aerospace & defense, and others. Sustainability and return on investment are the goals that can be achieved in the long run by replacing batteries with supercapacitors. The consumer sector held the largest market share in 2015 due to increase in demand for convenient, smart, and sustainable devices in consumer electronics.
The high initial costs of materials is a major restraint for the growth of the supercapacitor market. Some of the recently developed supercapacitors have high conductive materials such as graphene which is costlier than activated carbon. This graphene material is commonly used as electrolytes in supercapacitor. It is a high cost material due to which the cost of supercapacitors often exceeds the cost of regular lithium ion batteries. These factors are restraining the growth of supercapacitor in the market. However, many ongoing research and development projects are there to reduce the overall cost of supercapacitors that would help to increase the adoption rate in the market.
Suggested Items
FTG Announces Q2 2025 Financial Results
07/09/2025 | Globe NewswireFiran Technology Group Corporation announced financial results for the second quarter 2025. Revenue: Recorded at $48.7 million, a 25.6% increase over Q2 2024.
Moog Announces Acquisition of COTSWORKS
07/07/2025 | BUSINESS WIREMoog Inc., a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and control systems, announced the acquisition of COTSWORKS Inc., an aerospace and defense fiber optics transceiver component manufacturer, for a purchase price of $63 million.
S&K Aerospace Awarded Major Contract Under DLA Maritime Acquisition Advancement Program
07/02/2025 | BUSINESS WIRES&K Aerospace, LLC has been awarded a significant contract under the Defense Logistics Agency’s (DLA) Maritime Acquisition Advancement Program, managed by the U.S. Naval Supply Command - Weapon Systems Support (NAVSUP WSS) in Mechanicsburg, PA.
Green Circuits to Exhibit Full-Service Electronics Manufacturing Solutions at 2025 SMD Symposium
07/02/2025 | Green CircuitsGreen Circuits, a full-service Electronics Manufacturing Services (EMS) partner to leading OEMs, is pleased to announce its participation in the 2025 SMD Symposium, taking place August 5-7 at the Von Braun Center in Huntsville, Alabama.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
06/27/2025 | Nolan Johnson, I-Connect007While news outside our industry keeps our attention occupied, the big news inside the industry is the rechristening of IPC as the Global Electronics Association. My must-reads begins with Marcy LaRont’s exclusive and informative interview with Dr. John Mitchell, president and CEO of the Global Electronics Association. For designers, have we finally reached the point in time where autorouters will fulfill their potential?