Global Electric Double-layer Capacitor (EDLC) Market 2023
Market Overview

The global electric double-layer capacitor (EDLC) market is forecast to reach USD 1.21 billion by 2029, exhibiting a CAGR of 10.0% during the 2023-2029 period. EDLCs possess high capacitance values and rapid charge/discharge capabilities, making them suitable across a wide range of applications demanding high power density and cycling stability.

Major factors driving EDLC market growth include the development of graphene and carbon nanotube-based EDLCs with superior performance as well as stringent government regulations aimed at curbing carbon emissions globally. EDLCs are being adopted as substitutes for batteries in automotive, grid infrastructure, and IT systems, owing to key advantages such as safety, rapid charging, long service life, low maintenance needs, and compact size.

Researchers are focused on developing more affordable and eco-friendly EDLC solutions to reduce production costs and dependency on expensive or critical raw materials. However, the price difference compared to lithium-ion batteries remains a restraint, limiting uptake. The COVID-19 pandemic temporarily affected manufacturing, particularly in Asia-Pacific. However, industries remain optimistic about progressing EDLC commercialization post-pandemic.

Market Segmentation

The market is segmented based on various factors, including end user and geography.

Segmentation by End User
Consumer Electronics
Energy and Utilities – Grid Applications, Wind and Others
Industrial
Automotive/Transportation – Bus and Truck, Rail and Tram, 48V Mild Hybrid Car, Micro Hybrids and Other Cars, Heavy Vehicles

Segmentation by Geography
United States
Europe
China
Japan
Korea and Rest of Asia
Rest of the World

Electric double-layer capacitors (EDLCs) have witnessed significant growth opportunities in renewable energy applications. The increasing global focus on renewable energy sources represents a major prospect for EDLC manufacturers. The Asia-Pacific region is at the forefront of renewable energy consumption and materials innovation, driving advances in EDLCs.

EDLCs offer higher power density compared to batteries along with greater energy density versus standard capacitors. With inherent advantages like high efficiency, robust charge/discharge capabilities, and wide operating temperature range, EDLCs are gaining traction in renewable power, transportation electrification, and energy management systems. For instance, in wind farms, a hybrid energy storage system combining a battery and EDLC allows for power dispatchability and extends the battery lifespan through smoothing power fluctuations.

Government initiatives and policies aimed at promoting renewable energy adoption, electric mobility, and modernizing power infrastructure will further accelerate EDLC uptake. The superior power handling traits of EDLCs make them uniquely suited to complement renewable energy intermittency, electric vehicle fast charging, frequency regulation, and grid stability applications.

Competitive Landscape

The EDLC market is fragmented, and market players are using strategies like partnerships, mergers, innovations, investments, and acquisitions to enhance their product offerings and competitive advantage. Key companies profiled in this report are Beijing HCC Energy Tech. Co. Ltd, CAP-XX Limited, Chengdu ZTech Polymer Material Co. Ltd., Cornell Dubilier Electronics Inc., Eaton Corporation plc, Ioxus Inc., Jinzhou Kaimei Power Co. Ltd. (KAM), Kyocera Corporation, Lelon Electronics Corp., Liaoning Brother Electronics Technology Co. Ltd., LS Mtron Co. Ltd., Maxwell Technologies Inc., Nantong Jianghai capacitor Co. Ltd., Nippon Chemi-Con Corporation, Panasonic Corporation, Seattle Electronics Mfg Co. Ltd., Seiko Instruments Inc. (SII), Shanghai Aowei Technology Development Co. Ltd., Shanghai Green Tech Co. Ltd. (GTCAP), Shanghai Pluspark Electronics Co. Ltd., Shenzhen Topmay Electronic Co. Ltd., Skeleton Technologies Inc., Supreme Power Solutions Co. Ltd., Taiyo Yuden Co. Ltd., Tavrima Canada Ltd., TDK Corporation, TOKIN Corporation, Vishay Intertechnology Inc., Würth Elektronik eiSos GmbH & Co. KG, and Yunasko Ltd.

Recent Industry Developments

In March 2023, The Government of Canada announced renewed support to accelerate the growth of the electronic systems industry. Quebec’s Electronic Systems Industry Cluster received approximately USD 450,000 funding from Canada Economic Development (CED) to enhance industry growth and increase business productivity.

TDK Corporation introduced the PhaseCapEnergy Plus in May 2022. It includes two new series of EPCOS PFC capacitors with a lifetime of up to 240,000 hours in temperature class -40/D. The capacitors have IP20 touch-proof terminals, pre-mounted ceramic-based discharge resistors, and a capacity of up to 15,000 switching operations per year, double the amount of previous types.

Why Buy This Report?

Get a detailed picture of the Global Electric Double-layer Capacitor (EDLC) Market
Identify segments/areas to invest in over the forecast period in the Global Electric Double-layer Capacitor (EDLC) Market
Understand the competitive environment, the market’s leading players
The market estimate for ease of analysis across scenarios in Excel format
Strategy consulting and research support for three months
Print authentication provided for the single-user license

Global Electric Double-layer Capacitor (EDLC) Market 2023

Interested in this report? Get your FREE sample now!
Global Electric Double-layer Capacitor (EDLC) Market 2023 - Report Scope
REPORT ATTRIBUTE

DETAILS

Market Size (2022)

USD 603.2 Million

Base Year

2022

Forecast Year

2023-2029

CAGR (2023-2029)

9.99%

Pages

27

Segments By

End User, Geography

Regions Covered

Global

Key Players

Beijing HCC Energy Tech. Co. Ltd, CAP-XX Limited, Chengdu ZTech Polymer Material Co. Ltd., Cornell Dubilier Electronics Inc., Eaton Corporation plc, Ioxus Inc., Jinzhou Kaimei Power Co. Ltd. (KAM), Kyocera Corporation, Lelon Electronics Corp., Liaoning Brother Electronics Technology Co. Ltd., LS Mtron Co. Ltd., Maxwell Technologies Inc., Nantong Jianghai capacitor Co. Ltd., Nippon Chemi-Con Corporation, Panasonic Corporation, Seattle Electronics Mfg Co. Ltd., Seiko Instruments Inc. (SII), Shanghai Aowei Technology Development Co. Ltd., Shanghai Green Tech Co. Ltd. (GTCAP), Shanghai Pluspark Electronics Co. Ltd., Shenzhen Topmay Electronic Co. Ltd., Skeleton Technologies Inc., Supreme Power Solutions Co. Ltd., Taiyo Yuden Co. Ltd., Tavrima Canada Ltd., TDK Corporation, TOKIN Corporation, Vishay Intertechnology Inc., Würth Elektronik eiSos GmbH & Co. KG, Yunasko Ltd.

Related Reports
Global Wearable Sensors Market 2023

The global wearable sensors market, in terms of revenue, is expected to grow by 10 percent annually through 2029, according to the latest estimates. The top market companies profiles included…

READ MORE

$1,875.00

Want to customize this report?
The present report possesses the flexibility to be tailored to your specific needs. Our team of analysts and industry experts will collaborate directly with you to gain a comprehensive understanding of your requirements.
Scroll to Top

Download Free Sample - Global Electric Double-layer Capacitor (EDLC) Market 2023

Please fill out our form and we will get back to you.