Autumn Market Research projects that the global market for supercapacitors is estimated to reach
$2.9 billion by 2024, growing at a CAGR of 19.8% over the forecast period (2019-2024). The market
is primarily driven due to its increased application in hybrid automobiles, electronics and electrical
equipment, and smart grid applications.

Supercapacitors are a vital tool for short-term energy storage in power electronics due to its beneficial
features such as faster discharge time, high cycle efficiency, greater number of charging cycles, and
longer life cycle. In addition, supercapacitors have the capacity to store high energy density compared
to any conventional battery technology, providing opportunities which extends to new power
electronics and industrial energy storage applications.

The study outlines the market structure and offers in-depth analysis of the supercapacitor market by
product types (Double Layer Capacitor, Pseudo Capacitor, And Hybrid Capacitor), applications in
various end-use industries (Transportation & Automotive, Consumer Electronics, Industrial,
Infrastructure, Medical, Aerospace & Defense, Energy, Smart Grid, and Others), and regions (North
America, Europe, Asia-Pacific, South America, and ROW). The study also provides the competitive
landscape of the market, along with economic, industry- and region-specific, and technological trends
driving the supercapacitor market over the forecast period.