Home > Semiconductors & Electronics > Electronics > Ultracapacitors Market

Ultracapacitors Market Share

Report ID: GMI9545
Published Date: May 2024
Report Format: PDF

Download Free Sample

Ultracapacitors Market Share

Maxwell Technologies Inc. and Panasonic Corporation held a significant share of over 10% in the ultracapacitors industry in 2023. Maxwell Technologies Inc., based in the U.S., specializes in energy storage solutions. It offers high power density, fast charging, and long cycle life. Its ultracapacitors find applications in the automotive, renewable energy, and industrial sectors, improving efficiency and reliability. Maxwell's products are integral in regenerative braking systems for vehicles, grid stabilization in renewable energy, and backup power solutions in industries.

Panasonic Corporation, headquartered in Osaka, Japan, is a global electronics manufacturer. It offers diverse products and services across various sectors. The company is known for its high-performance ultracapacitors used in automotive, renewable energy, industrial, and consumer electronics applications. Providing reliability and energy efficiency, Panasonic's ultracapacitors drive innovation in energy storage solutions worldwide, supported by robust R&D and a global manufacturing network.

Ultracapacitors Market Companies

Major players operating in the ultracapacitors industry are:

AVX Corporation
KEMET Corporation (YAGEO Group)
Maxwell Technologies Inc.
NEC Corporation
Panasonic Corporation
Skeleton Technologies
Tesla, Inc.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market Size for ultracapacitors registered USD 2.7 billion in revenue in 2023 and will expand at over 21% CAGR between 2024 and 2032 owing to growing demand for energy storage solutions, advancements in technology, and the need for efficient energy management and grid stabilization.

The system integrator segment in the ultracapacitors market will grow at 22.5% CAGR through 2032, primarily attributed to pivotal role in implementing ultracapacitor-based solutions across diverse applications, ranging from automotive to industrial sectors.

Asia Pacific industry recorded 30% share in 2023, driven by rapid industrialization, urbanization, and government initiatives for promoting renewable energy adoption.

Prominent firms operating in the ultracapacitors industry are AVX Corporation, KEMET Corporation (YAGEO Group), Maxwell Technologies Inc., NEC Corporation, Panasonic Corporation, Skeleton Technologies, and Tesla, Inc., among others.