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The Supercapacitor Market Will Reach a Value of $6 Billion in 2024

May 6, 2014

CAMBRIDGE, England -- In the recently updated report Electrochemical Double Layer Capacitors: Supercapacitors 2014-2024 IDTechEx confirms its outlook for a 30% CAGR in the next 10 years, based on 2013 industry results. The supercapacitor market will reach a value of $6 billion in 2024.

Supercapacitors have been defined as energy storage devices that are positioned between standard capacitors and batteries, in relation to their energy and power density capabilities. However, new device configurations that combine electrodes of batteries and supercapacitors, the so-called 'hybrid capacitors' or 'supercabatteries', define a new technology segment in which the best of both batteries and supercapacitors are combined.

This report describes each of these technologies and their relative advantages and disadvantages. It presents a development roadmap including expected improvements in performance and cost of different technology configurations and their likely market adoption in the applications segments.

A new feature of this report is a performance benchmark of the energy and power density of the supercapacitors that are commercially available or under development from the main supercapacitor companies in the industry. Currently companies report different performance results based on different testing methods. This benchmark has been based on a standardised testing procedure of supercapacitor performance developed by UC Davis.

In the automotive industry, supercapacitors are mainly being adopted for their potential to reduce fuel consumption (economic reason) and its potential to reduce greenhouse emissions (environmental reason). These benefits are possible based on the supercapacitors' capability as an energy storage solution in stop-start systems and kinetic energy recovery. In Europe the mandatory levels of CO2 emissions reductions to be achieved in 2015 and 2020 for personal cars were established to reach 130 and 95 grams of CO2 per km respectively. This is the main driver in Europe and the reason why companies such as Peugeot have implemented it in popular cars such as the Peugeot 308 on its diesel version.

For each technology, IDTechEx assess production method, key cost drives, key figures-of-merit including energy and power density, cost, internal resistance, etc.

IDTechEx has created a detailed, granular and accurate market forecast model. Key market data charts and tables include ten year forecasts in market value for the following applications:
• Automotive
• Electronics
• Hybrid transport
• Truck fleets engine start
• Renewable energy
• Infrastructure
• Grid balancing
• Other electrical applications

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