PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1927727
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1927727
The Ultracapacitors Market size was valued at US$2,356.24 Million in 2024, expanding at a CAGR of 15.4% from 2025 to 2032.
Ultracapacitors which engineers call supercapacitors serve as advanced energy storage systems which store electrical power through electrostatic charge creation that differs from the chemical storage method used by conventional batteries. The system operates between battery and capacitor technology because it delivers powerful energy through fast charging and discharging while extending its operational lifetime beyond one million charge and discharge cycles. The advantages of ultracapacitors which store less energy than lithium-ion batteries become evident in applications that require quick energy delivery and reliable performance across multiple industries including electric vehicle regenerative braking systems and power backup systems and industrial machines and renewable energy stabilization systems and consumer electronic devices. The system serves as an essential element for contemporary energy storage systems and power management technologies because it maintains performance across extensive temperature ranges while suffering only slight performance reduction.
Ultracapacitors Market- Market Dynamics
Rapid Adoption of Electric & Hybrid Vehicles
The fast increase of electric and hybrid vehicle usage creates a primary market expansion driver for ultracapacitors because these vehicles need energy storage systems that can provide high power output for immediate use. Vehicle manufacturers now use ultracapacitors as standard components in their electric vehicles and hybrid electric vehicles because these devices enable regenerative braking systems and provide fast energy recovery and acceleration power support which allows them to reduce battery power demands while extending battery operational lifespan. The worldwide government push for vehicle electrification through stricter emissions rules and financial rewards and charging station development has led automotive companies to adopt ultracapacitors because these technologies enhance vehicle performance and energy efficiency and system lifespan which creates rapid growth in the global ultracapacitors market. For instance, according to International Energy Administration, in 2024, electric car sales totaled 1.7 million units worldwide-more than 25% above the level previously recorded.
By Type
In 2024, the double layered capacitors segment dominates the market growth. The growth is due to their widespread adoption across automotive, industrial, and energy applications. Because they offer high power density, rapid charge-discharge capability, and exceptionally long cycle life, which make them suitable for regenerative braking systems and start-stop systems and power buffering and energy recovery in electric vehicles and hybrid vehicles. The combination of rising vehicle electrification and increasing renewable energy system investments and industrial automation growth is driving higher demand for EDLC-based solutions.
By Power
The 10 Volts to 25 Volts segment capture the largest market share. The high demand for ultracapacitors exists because manufacturers use them with existing electronic systems. The 10-25 volt range matches the typical operating voltages which multiple electronic devices including stereos and laptops and desktop components and portable devices use. The ultracapacitors in this voltage range provide sufficient power for fast charging and quick power backup requirements.
Ultracapacitors Market- Geographical Insights
North America holds the largest revenue share over the projected period. The region maintains a well-established automotive industry which operates with advanced technological systems. The sector developed a strong need for ultracapacitors because it had already started using electric and hybrid vehicles to power their regenerative braking and power assist systems. North American companies lead the research and development (R&D) efforts in advancing ultracapacitor technology. The company dedicated its research efforts to developing new products which resulted in better performance and broader application possibilities for its existing component.
The ultracapacitor market competition involves established electronics companies and dedicated energy storage companies and emerging technology firms which compete through various product features such as energy power density and cycle life and cost and system integration capabilities. The large capacitor and electronics companies which include Panasonic and Nippon Chemi-Con and Nichicon and Murata and KEMET (Yageo) maintain significant market share because their extensive manufacturing operations and wide distribution networks and diverse product offerings serve consumer and industrial and automotive markets.
In January 2025, Clarios which operates worldwide as a leading company in low-voltage battery technology has obtained a major contract with an important automotive manufacturer. The Supercapacitors which Clarios produces use their power storage capabilities to provide high power output during specific operational tasks. The Supercapacitors from Clarios are designed to handle high power demands which are necessary for steer-by-wire systems while keeping their weight impact on vehicles at a minimum. The advanced system solution enables power delivery for all situations but it needs special operational conditions for essential safety functions. The system provides short duration power support to chassis systems for maintaining vehicle stability during high-speed turns. The system supports vehicle operations through its dual function of powering standby systems and maintaining energy balance while charging through regenerative braking which also ensures operational safety.
In October 2023, KYOCERA AVX Components Corporation introduced Gen-II PrizmaCap Capacitors. The products demonstrate extensive utility across industrial applications and energy solutions and medical fields and telecommunications networks and automotive systems. The new system operates at a broader temperature range while delivering improved voltage and capacitance and energy density compared to its predecessor.