According to a report by IDTechEx, the cost per kilowatt-hour for supercapacitors is currently around $20,000, significantly higher than lithium-ion batteries, which cost approximately $137 per kilowatt-hour.
How much do supercapacitors cost?
Moreover, supercapacitors are also costly. For instance, supercapacitors used in electric vehicles cost USD 2,500 to USD 6,000 per kWh of energy storage, while lithium-ion batteries cost USD 500 to USD 1,000 per kWh. Various materials required for manufacturing supercapacitors are difficult to procure and expensive.
The supercapacitors market is estimated to be worth USD 2.01 billion in 2023. What is the Demand Outlook for the Supercapacitors Market? The supercapacitors market is expected to have a CAGR of 14.8% by 2033. What is the Historical share of the Supercapacitors Market? The supercapacitors market expanded at a share of USD 1.75 billion in 2022.
What is the global supercapacitors market size?
The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year. The global supercapacitors market size was estimated at USD 2.94 billion in 2024 and is predicted to increase from USD 3.45 billion in 2025 to approximately USD 14.74 billion by 2034, expanding at a CAGR of 17.50% from 2025 to 2034.
What is a super-capacitor?
Super-capacitor refers to the industry that manufactures, develops, and markets super-capacitors also known as ultracapacitors.
The global Supercapacitors industry recorded a CAGR of 15.3% during the historical period between 2019 and 2023. The growth of Supercapacitors industry was positive as it reached a value of USD 1,743.2 million in 2023 from USD 164.8 million in 2019.
Which type of supercapacitor will have the largest size in 2022?
Double-layered capacitor type is expected to have the largest size of the supercapacitor market in 2022. The double-layered capacitors segment is projected to account for the largest size of the supercapacitor market in 2022. Double-layered capacitors are being used as an alternative to conventional batteries.