LAMEA 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 Latin America, Middle East and Africa Ultracapacitors/Supercapacitors Market is expected to witness market growth of 21.3% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA 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 $387.9 million by 2031. The Argentina market is showcasing a CAGR of 22% during 2024-2031. Additionally, the UAE market would register a CAGR of 20.1% during 2024-2031.



A further factor that is contributing to the rise in demand for ultracapacitors is the growing emphasis placed on environmentally friendly technology and renewable energy sources. According to the IEA, the yearly capacity additions for renewable energy sources climbed by about fifty percent to nearly 510 gigawatts (GW) in 2023. This achievement is the highest growth rate in the last twenty years.

Ultracapacitors can play a critical role in stabilizing renewable energy systems by providing rapid bursts of power during periods of high demand or when the energy supply fluctuates due to weather conditions. For instance, ultracapacitors are already being used in wind turbines to smooth out the power output, helping to manage the variability in energy production and improve the system's overall efficiency. The increasing demand for ultracapacitors in these applications is anticipated to coincide with the expansion of the renewable energy sector.

Countries across this region are seeing increased production and consumption of consumer devices such as smartphones, laptops, and wearables, pushing manufacturers to adopt more advanced energy storage solutions like ultracapacitors. Governments in these nations are supporting the growth of their electronics industries through initiatives that encourage innovation, local production, and infrastructure development. Adopting ultracapacitors is vital in addressing consumer devices' demand for efficient, fast-charging, and long-lasting power sources. The tech-savvy population and the growing emphasis on locally produced products have made Brazil one of the largest markets in Latin America for smartphones and electronics. The Brazilian government’s National Strategy for Science, Technology, and Innovation encourages the technology sector's growth, which includes investments in energy storage solutions for electronics. Thus, as the market continues to grow, ultracapacitors are expected to play a critical role in meeting the energy storage needs of the rapidly evolving electronics sector across LAMEA.

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

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA