The North America Automotive Ultracapacitor Market would witness market growth of 21.0% CAGR during the forecast period (2023-2030).
Ongoing research and development efforts are focused on improving the energy density of ultracapacitors. The primary objective of advancements in materials and manufacturing techniques is to improve the storage capacity of such devices, thereby broadening their potential uses and bolstering their appeal within the automotive sector. The automotive ultracapacitor market is witnessing a trend towards synergies with energy harvesting technologies. Integrating ultracapacitors with systems that capture and store energy from various sources, such as regenerative suspension or kinetic energy recovery systems, opens up new possibilities for energy-efficient and sustainable automotive solutions. Likewise, ultracapacitors are being explored for their potential to enhance power quality and stability in automotive electrical systems. These devices can act as a buffer, supplying quick bursts of power during peak demand, thereby reducing strain on the electrical system and contributing to a more stable power supply.
Moreover, integrating ultracapacitors into fast-charging infrastructure is a notable trend as electric vehicles become more prevalent. These devices can facilitate rapid energy storage and release, reducing charging times and enhancing the feasibility of electric vehicles in the broader automotive sector. A significant trend is the development of ultracapacitor modules tailored for integration into OEMs' vehicles. Collaborative efforts between ultracapacitor manufacturers and automakers allow for creating custom solutions that address specific power and energy requirements, fostering seamless integration into diverse vehicle models.
The escalating demand for electric vehicles in Canada will necessitate the development of energy storage solutions that are both efficient and dependable. Ultracapacitors can play a crucial role in complementing traditional batteries by providing quick bursts of energy during acceleration and regenerative braking. Thus, rising electric vehicle sales and the automotive sector in North America will help expand the regional automotive ultracapacitor market.
The US market dominated the North America Automotive Ultracapacitor Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,723 million by 2030. The Canada market is experiencing a CAGR of 23.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 22.7% during (2023 - 2030).
Free Valuable Insights: The Automotive Ultracapacitor Market is Predict to reach $8.9 Billion by 2030, at a CAGR of 21.6%
Based on Application, the market is segmented into Start/Stop Function, Regenerative Braking, and Others. Based on Propulsion Type, the market is segmented into Electric, and ICE. Based on Vehicle Type, the market is segmented into Passenger Car, and Commercial Vehicles. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Maxwell Technologies (UCAP Powers, INC.)
- Skeleton Technologies
- Yunasko Ltd
- Panasonic Holdings Corporation
- Hitachi, Ltd (Hitachi Energy Ltd.)
- Kemet Corporation
- XS Power Batteries (Loxus)
- Nichicon Corporation
- Nippon Chemi-Con Corp.
- Sumitomo Corporation
North America Automotive Ultracapacitor Market Report Segmentation
By Application
- Start/Stop Function
- Regenerative Braking
- Others
By Propulsion Type
By Vehicle Type
- Passenger Car
- Commercial Vehicles
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Ultracapacitor Market, by Application
1.4.2 North America Automotive Ultracapacitor Market, by Propulsion Type
1.4.3 North America Automotive Ultracapacitor Market, by Vehicle Type
1.4.4 North America Automotive Ultracapacitor Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Automotive Ultracapacitor Market
Chapter 5. North America Automotive Ultracapacitor Market, By Application
5.1 North America Start/Stop Function Market, By Country
5.2 North America Regenerative Braking Market, By Country
5.3 North America Others Market, By Country
Chapter 6. North America Automotive Ultracapacitor Market, By Propulsion Type
6.1 North America Electric Market, By Country
6.2 North America ICE Market, By Country
Chapter 7. North America Automotive Ultracapacitor Market, By Vehicle Type
7.1 North America Passenger Car Market, By Country
7.2 North America Commercial Vehicles Market, By Country
Chapter 8. North America Automotive Ultracapacitor Market, By Country
8.1 US Automotive Ultracapacitor Market
8.1.1 US Automotive Ultracapacitor Market, By Application
8.1.2 US Automotive Ultracapacitor Market, By Propulsion Type
8.1.3 US Automotive Ultracapacitor Market, By Vehicle Type
8.2 Canada Automotive Ultracapacitor Market
8.2.1 Canada Automotive Ultracapacitor Market, By Application
8.2.2 Canada Automotive Ultracapacitor Market, By Propulsion Type
8.2.3 Canada Automotive Ultracapacitor Market, By Vehicle Type
8.3 Mexico Automotive Ultracapacitor Market
8.3.1 Mexico Automotive Ultracapacitor Market, By Application
8.3.2 Mexico Automotive Ultracapacitor Market, By Propulsion Type
8.3.3 Mexico Automotive Ultracapacitor Market, By Vehicle Type
8.4 Rest of North America Automotive Ultracapacitor Market
8.4.1 Rest of North America Automotive Ultracapacitor Market, By Application
8.4.2 Rest of North America Automotive Ultracapacitor Market, By Propulsion Type
8.4.3 Rest of North America Automotive Ultracapacitor Market, By Vehicle Type
Chapter 9. Company Profiles
9.1 Maxwell Technologies (UCAP Power, Inc.)
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Product Launches and Product Expansions:
9.1.3 SWOT Analysis
9.2 Skeleton Technologies
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.2.2.2 Product Launches and Product Expansions:
9.2.3 SWOT Analysis
9.3 Panasonic Holdings Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 Hitachi, Ltd. (Hitachi Energy Ltd.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 Nichicon Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 SWOT Analysis
9.6 Nippon Chemi-Con Corp.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 XS Power Batteries (Loxus)
9.7.1 Company Overview
9.7.2 SWOT Analysis
9.8 Sumitomo Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 SWOT Analysis
9.9 KEMET Corporation
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.9.3 SWOT Analysis
9.10. YUNASKO LTD
9.10.1 Company Overview
9.10.2 SWOT Analysis
TABLE 1 North America Automotive Ultracapacitor Market, 2019 - 2022, USD Million
TABLE 2 North America Automotive Ultracapacitor Market, 2023 - 2030, USD Million
TABLE 3 North America Automotive Ultracapacitor Market, By Application, 2019 - 2022, USD Million
TABLE 4 North America Automotive Ultracapacitor Market, By Application, 2023 - 2030, USD Million
TABLE 5 North America Start/Stop Function Market, By Country, 2019 - 2022, USD Million
TABLE 6 North America Start/Stop Function Market, By Country, 2023 - 2030, USD Million
TABLE 7 North America Regenerative Braking Market, By Country, 2019 - 2022, USD Million
TABLE 8 North America Regenerative Braking Market, By Country, 2023 - 2030, USD Million
TABLE 9 North America Others Market, By Country, 2019 - 2022, USD Million
TABLE 10 North America Others Market, By Country, 2023 - 2030, USD Million
TABLE 11 North America Automotive Ultracapacitor Market, By Propulsion Type, 2019 - 2022, USD Million
TABLE 12 North America Automotive Ultracapacitor Market, By Propulsion Type, 2023 - 2030, USD Million
TABLE 13 North America Electric Market, By Country, 2019 - 2022, USD Million
TABLE 14 North America Electric Market, By Country, 2023 - 2030, USD Million
TABLE 15 North America ICE Market, By Country, 2019 - 2022, USD Million
TABLE 16 North America ICE Market, By Country, 2023 - 2030, USD Million
TABLE 17 North America Automotive Ultracapacitor Market, By Vehicle Type, 2019 - 2022, USD Million
TABLE 18 North America Automotive Ultracapacitor Market, By Vehicle Type, 2023 - 2030, USD Million
TABLE 19 North America Passenger Car Market, By Country, 2019 - 2022, USD Million
TABLE 20 North America Passenger Car Market, By Country, 2023 - 2030, USD Million
TABLE 21 North America Commercial Vehicles Market, By Country, 2019 - 2022, USD Million
TABLE 22 North America Commercial Vehicles Market, By Country, 2023 - 2030, USD Million
TABLE 23 North America Automotive Ultracapacitor Market, By Country, 2019 - 2022, USD Million
TABLE 24 North America Automotive Ultracapacitor Market, By Country, 2023 - 2030, USD Million
TABLE 25 US Automotive Ultracapacitor Market, 2019 - 2022, USD Million
TABLE 26 US Automotive Ultracapacitor Market, 2023 - 2030, USD Million
TABLE 27 US Automotive Ultracapacitor Market, By Application, 2019 - 2022, USD Million
TABLE 28 US Automotive Ultracapacitor Market, By Application, 2023 - 2030, USD Million
TABLE 29 US Automotive Ultracapacitor Market, By Propulsion Type, 2019 - 2022, USD Million
TABLE 30 US Automotive Ultracapacitor Market, By Propulsion Type, 2023 - 2030, USD Million
TABLE 31 US Automotive Ultracapacitor Market, By Vehicle Type, 2019 - 2022, USD Million
TABLE 32 US Automotive Ultracapacitor Market, By Vehicle Type, 2023 - 2030, USD Million
TABLE 33 Canada Automotive Ultracapacitor Market, 2019 - 2022, USD Million
TABLE 34 Canada Automotive Ultracapacitor Market, 2023 - 2030, USD Million
TABLE 35 Canada Automotive Ultracapacitor Market, By Application, 2019 - 2022, USD Million
TABLE 36 Canada Automotive Ultracapacitor Market, By Application, 2023 - 2030, USD Million
TABLE 37 Canada Automotive Ultracapacitor Market, By Propulsion Type, 2019 - 2022, USD Million
TABLE 38 Canada Automotive Ultracapacitor Market, By Propulsion Type, 2023 - 2030, USD Million
TABLE 39 Canada Automotive Ultracapacitor Market, By Vehicle Type, 2019 - 2022, USD Million
TABLE 40 Canada Automotive Ultracapacitor Market, By Vehicle Type, 2023 - 2030, USD Million
TABLE 41 Mexico Automotive Ultracapacitor Market, 2019 - 2022, USD Million
TABLE 42 Mexico Automotive Ultracapacitor Market, 2023 - 2030, USD Million
TABLE 43 Mexico Automotive Ultracapacitor Market, By Application, 2019 - 2022, USD Million
TABLE 44 Mexico Automotive Ultracapacitor Market, By Application, 2023 - 2030, USD Million
TABLE 45 Mexico Automotive Ultracapacitor Market, By Propulsion Type, 2019 - 2022, USD Million
TABLE 46 Mexico Automotive Ultracapacitor Market, By Propulsion Type, 2023 - 2030, USD Million
TABLE 47 Mexico Automotive Ultracapacitor Market, By Vehicle Type, 2019 - 2022, USD Million
TABLE 48 Mexico Automotive Ultracapacitor Market, By Vehicle Type, 2023 - 2030, USD Million
TABLE 49 Rest of North America Automotive Ultracapacitor Market, 2019 - 2022, USD Million
TABLE 50 Rest of North America Automotive Ultracapacitor Market, 2023 - 2030, USD Million
TABLE 51 Rest of North America Automotive Ultracapacitor Market, By Application, 2019 - 2022, USD Million
TABLE 52 Rest of North America Automotive Ultracapacitor Market, By Application, 2023 - 2030, USD Million
TABLE 53 Rest of North America Automotive Ultracapacitor Market, By Propulsion Type, 2019 - 2022, USD Million
TABLE 54 Rest of North America Automotive Ultracapacitor Market, By Propulsion Type, 2023 - 2030, USD Million
TABLE 55 Rest of North America Automotive Ultracapacitor Market, By Vehicle Type, 2019 - 2022, USD Million
TABLE 56 Rest of North America Automotive Ultracapacitor Market, By Vehicle Type, 2023 - 2030, USD Million
TABLE 57 Key Information – Maxwell Technologies
TABLE 58 Key Information – Skeleton Technologies
TABLE 59 Key Information – Panasonic Holdings Corporation
TABLE 60 Key Information – Hitachi, Ltd.
TABLE 61 Key Information – Nichicon Corporation
TABLE 62 Key Information – Nippon Chemi-Con Corp.
TABLE 63 Key Information – XS Power Batteries
TABLE 64 Key Information – Sumitomo Corporation
TABLE 65 Key Information – KEMET Corporation
TABLE 66 Key Information – Yunasko Ltd
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Automotive Ultracapacitor Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Automotive Ultracapacitor Market
FIG 4 Porter’s Five Forces Analysis - Automotive Ultracapacitor Market
FIG 5 North America Automotive Ultracapacitor Market share, By Application, 2022
FIG 6 North America Automotive Ultracapacitor Market share, By Application, 2030
FIG 7 North America Automotive Ultracapacitor Market, By Application, 2019 - 2030, USD Million
FIG 8 North America Automotive Ultracapacitor Market share, By Propulsion Type, 2022
FIG 9 North America Automotive Ultracapacitor Market share, By Propulsion Type, 2030
FIG 10 North America Automotive Ultracapacitor Market, By Propulsion Type, 2019 - 2030, USD Million
FIG 11 North America Automotive Ultracapacitor Market share, By Vehicle Type, 2022
FIG 12 North America Automotive Ultracapacitor Market share, By Vehicle Type, 2030
FIG 13 North America Automotive Ultracapacitor Market, By Vehicle Type, 2019 - 2030, USD Million
FIG 14 North America Automotive Ultracapacitor Market share, By Country, 2022
FIG 15 North America Automotive Ultracapacitor Market share, By Country, 2030
FIG 16 North America Automotive Ultracapacitor Market, By Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Maxwell Technologies
FIG 18 Recent strategies and developments: Skeleton Technologies
FIG 19 SWOT Analysis: Skeleton Technologies
FIG 20 SWOT Analysis: Panasonic Holdings Corporation
FIG 21 Swot Analysis: Hitachi, Ltd.
FIG 22 SWOT Analysis: Nichicon Corporation
FIG 23 SWOT Analysis: Nippon Chemi-Con Corp.
FIG 24 SWOT Analysis: XS Power Batteries
FIG 25 SWOT Analysis: Sumitomo Corporation
FIG 26 SWOT Analysis: KEMET Corporation
FIG 27 SWOT Analysis: Yunasko Ltd