Asia-Pacific Ultracapacitors/Supercapacitors Market Size, Share & Trends Analysis Report By Power, By Type, By Application, By Electrode Material (Carbon, Metal Oxide, Conducting Polymers, and Composites), By Country and Growth Forecast, 2024 - 2031

The Asia Pacific Ultracapacitors/Supercapacitors Market is expected to witness market growth of 19.1% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Ultracapacitors/Supercapacitors Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.09 billion by 2031. The Japan market is registering a CAGR of 18.5% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 19.9% during 2024-2031.



One of the most significant hurdles is the technology’s relatively low energy density compared to traditional batteries. While ultracapacitors excel at delivering short bursts of power, they cannot store as much energy over extended periods. This limitation has restricted their use in applications that require long-term energy storage, such as electric vehicles (EVs) or grid storage systems. The competition from alternative energy storage technologies further complicates the growth of this market.

However, ultracapacitors offer several advantages over traditional batteries and other energy storage technologies that could support market growth. One such advantage is their environmental sustainability. Unlike batteries, which rely on chemical reactions involving toxic materials like lithium, cobalt, and nickel, ultracapacitors are composed of more environmentally friendly materials. This simplifies the recycling process and mitigates the environmental consequences of their production and disposal.

As countries in this region increase investments in solar, wind, and grid modernization projects, ultracapacitors are becoming a key technology to stabilize energy output and manage fast energy delivery, ensuring reliable power in urban and rural areas. Countries like China, India, Japan, South Korea, and Australia are investing significantly in industrial and energy infrastructure, driving the demand for ultracapacitors to enhance energy efficiency and storage capabilities. China is at the forefront of this market in the Asia-Pacific region, propelled by its ambitious energy transition goals and large-scale modernization of its electrical grid. Consequently, the Asia-Pacific region is witnessing robust growth in the ultracapacitors/supercapacitors market as countries prioritize sustainable and resilient energy infrastructure.

List of Key Companies Profiled

• Maxwell Technologies
• Skeleton Technologies
• NEC Corporation
• Panasonic Holdings Corporation
• Hitachi, Ltd. (Hitachi Energy Ltd.)
• Kemet Corporation
• Nichicon Corporation
• XS Power Batteries(Loxus)
• Eaton Corporation plc
• Sumitomo Corporation

Market Report Segmentation

By Power

• 10 Volts to 25 Volts
• 25 Volts to 50 Volts
• Less than 10 Volts
• 50 Volts to 100 Volts
• Above 100 Volts

By Type

• Double Layered Capacitors
• Pseudocapacitors
• Hybrid Capacitors

By Application

• Automotive
• Consumer Electronics
• Energy
• Industrial
• Aerospace
• Medical
• Other Application

By Electrode Material

• Carbon
• Metal Oxide
• Conducting Polymers
• Composites

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific