Supercapacitor Activated Carbon Market Size, Share, Growth, and Industry Analysis by Type (Under 1500 m2/g, 1500-1900 m2/g, 2000-2200 m2/g, Above 2200 m2/g and Others), By Application (Electric Double-layer Capacitors (EDLCs), Lithium-ion Capacitors (LICs) and Others) Regional Forecast By 2031

Supercapacitor Activated Carbon Market Report Overview

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The global supercapacitor activated carbon market size is expected to be USD 116.3 million in 2022 & the market is projected to touch USD 357.64 million by 2031, exhibiting a CAGR of 13.3% during the forecast period.  

The global COVID-19 pandemic has been unprecedented and staggering, with the market for supercapacitor activated carbon experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The most realistic illustration of energy efficiency may be seen in the latest generation of energy storage devices, where the turbo boost feature allows the computational power to be increased several times more efficiently than their predecessors while using the same level of power supply. The energy-efficient functionality is enabled by a supercapacitor, an electronic device that is traditionally composed of carbonaceous material such as activated carbon and metal oxide such as ruthenium oxide as the major components in order to store and provide energy. However, because ruthenium oxide is a scarce metal, its introduction has significantly increased the cost of finished products. As a result, research in this sector has focused on enhancing the capacitive performance of existing supercapacitors by altering the active components. Thus, the development of nanohybrids and nanocomposites of activated carbons has piqued the interest of global experts.

COVID-19 Impact: Supply and Demand Chain were Interrupted Due to Restrictions Imposed

Due to mandatory lockdown and other restrictions imposed by the relevant regulatory organisations in the aftermath of the recent COVID-19 outbreak, several industries have either temporarily ceased operations or are operating with a reduced workforce.The global limits imposed to prevent the spread of the coronavirus halted the construction of new buildings, forced many businesses to close, and resulted in a fall in energy consumption, which impacted the supercapacitor activated carbon market share. Demand for supercapacitor activated carbon is rising due to a variety of factors, including businesses resuming operations and adjusting to the new normal as they recover from the effects of COVID-19.

LATEST TRENDS

"The Recent Innovations and High Efficiency to Attract the Consumers and Inflate the Market"

Power is becoming increasingly important in modern culture. Recent advances in recuperative energy, ranging from hybrid automobiles to power tools and harvesting natural energy sources such as wind, wave, and sun, are becoming more widespread. Energy storage is more difficult, particularly short-term accumulation for immediate and rapid reuse. As a result, the role of supercapacitors in tackling this challenge is evolving.

A supercapacitor stores electrolyte within its porosity by using a combination of various carbon materials, including an extraordinarily high surface area, high purity activated carbon. This electrolyte can quickly charge with electrons as expended energy is recovered, and it can keep them with low leakage and a capacity considerably in excess of its own mass. When it comes time to discharge the stored energy, activated carbon makes it possible to do so quickly and without major energy loss, restoring optimal capacity to the supercapacitor cell. This means that the cell can be charged and discharged thousands of times without deterioration in performance.

Supercapacitor Activated Carbon Market Segmentation

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• By Type

Based on type; the supercapacitor activated carbon market is divided into under 1500 m2/g, 1500-1900 m2/g, 2000-2200 m2/g, Above 2200 m2/g  and others.

The part under 1500 m2/g is the leading of the type segment.

• By Application

Based on the application; the supercapacitor activated carbon market is divided into electric double-layer capacitors (EDLCs), lithium-ion capacitors (LICs) and others.

The part electric double-layer capacitors (EDLCs) is the leading part of the application segment.

DRIVING FACTORS

"The Growing Solar Energy Demand Across the Globe to Uplift the Market Demand"

Supercapacitors are innovative energy storage systems that can deliver higher power density than batteries and higher energy density than ordinary capacitors. Solar PV panels and solar illumination are two potential applications for supercapacitors. Furthermore, solar panels are employed in both online and offline modes, for which supercapacitors are reliable solutions. Because environmental friendliness is a top goal, there is a greater emphasis on minimising emissions among users of energy storage equipment.

"The Intensive Use in Automotive Industry to Drive the Market Growth"

The surge in demand for supercapacitors in automotive applications is a significant element driving the supercapacitor market expansion. Supercapacitors are suitable for automotive applications because to features such as long shelf life, high power density, and fast charging.

RESTRAINING FACTORS

"The Raw Materials Price Fluctuations to Restrain the Market Growth"

Although high-surface-area activated carbons have been widely used in supercapacitors, their capacitive and rate performances are often limited due to low conductivity and slow electrochemical kinetics induced by their amorphous microporous structure. However, progress is hampered by high initial material prices and a lack of awareness of supercapacitors and it will likely limit the supercapacitor activated carbon market growth in the coming years.

Supercapacitor Activated Carbon Market Regional Insights

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"Asia-Pacific Region to Lead the Market with Wide Utilization and Major Players"

The Asia-Pacific area has seen a tremendous increase in the demand for supercapaciting carbon materials in recent years. Due to increased automotive business and growth in the electronic sector in China and India, Asia-Pacific accounted for the greatest supercapacitor activated carbon market share in 2019.

The region's rising automotive output is largely to blame for the rise in demand. China and India are projected to witness a considerable increase in demand for supercapacitors materials as a result of beneficial government support for the automotive and electronics industries to improve output. As a result of the reasons stated above, Asia-Pacific is predicted to experience the fastest supercapacitor activated carbon market growth rate during the projection period.

KEY INDUSTRY PLAYERS

"Key Industry Players to Promote the Market Expansion"

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.

LIST OF TOP SUPERCAPACITOR ACTIVATED CARBON COMPANIES

• Kuraray (Japan)
• Power Carbon Technology (South Korea)
• Haycarb (Sri Lanka)
• Millennium Carbon (U.S.A)
• Fujian Yuanli Active Carbon (China)
• Beihai Sence Carbon Materials (China)
• Yihuan Carbon (China)
• Zhejiang Apex Energy Technology (China).

REPORT COVERAGE

This research includes a thorough examination of the market's historical context, a review of the parent market, and a thorough investigation of the market's dynamics. Size of the market in terms of value and volume in the past, currently, and in the future. In-depth analysis of market shares and strategies of main competitors, recent industry developments, emerging niche markets, and recent market trends in specific regions are all addressed in the research.