Lithium-ion Capacitor Market Size, Share, By Product (Radial Type, Laminating Type), By Application (Energy Storage, Transportation, UPS, Industrial Machine, Others), and By Region - Trends, Analysis, and Forecast till 2034

Lithium-ion Capacitor Market Size was valued at USD 26.5 Million in 2024 and is expected to reach USD 42 Million by 2034, growing at a CAGR of 5.2%

An LIC is a heterogeneous energy storage device in which technology has been borrowed from lithium-ion batteries and supercapacitors. This hybrid technology thus fills the gap between the high energy density provided by lithium-ion batteries and the high power density provided by supercapacitors, solving several unique applications requiring high energy and power capabilities.

The Lithium-ion Capacitor has two electrodes—a positive electrode (cathode) comprising activated carbon, just like in supercapacitors, and a negative electrode containing lithium-doped carbon, just as in a lithium-ion battery. Mostly used is an organic solution with dissolved lithium salts as the electrolyte. Also included in this cell is electrostatic energy storage through double-layer capacitance and electrochemical energy storage due to lithium intercalation. Lithium ions move between the electrodes during charging and discharging in a Lithium-ion Capacitor. In the case of charging, lithium ions from the electrolyte diffuse into the anode's carbon structure through intercalation, whereas on the surface of another electrode composed of activated carbon, adsorption of anions takes place concomitantly. Such a dual mechanism raises the value of stored energy, as compared to traditional supercapacitors. The opposite occurs on discharge: lithium ions move back into the electrolyte from the cathode, while anions are desorbed from the cathode surface area.

Compared to traditional energy storage technologies, LICs have some advantages. Their energy density is higher than that of supercapacitors, typically 10 to 20 Wh/kg, about 3 to 5 times more than traditional supercapacitors. Furthermore, the device has high power density and can experience quite rapid charge/discharge cycles without significant degradation. Apart from this, it has a quite long cycle life compared with lithium-ion batteries.

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Key Drivers of Target Market:

Growing Demand for Electric Vehicles:

• Rapid growth in the electric vehicle market is a major driver for LICs to apply regenerative braking and peak power delivery. This can be explained by the fact that LICs can store and provide large amounts of energy in a very short period, which optimizes an electric vehicle's performance and potential range. In addition, LICs can contribute to prolonging the life of a battery by reducing the charge-discharge cycles of the device.

High Cost:

• LICs are a good fit for storing energy from renewable intermittent sources like solar and wind power. This is because LICs can charge and discharge large amounts of energy quickly, making them very instrumental in balancing fluctuating output from such sources. In addition, LICs enhance the efficiency of renewable energy systems by reducing the energy loss resulting from curtailment.

Restrains:

High Production Cost:

• The production cost for LICs is currently higher than that of conventional batteries and supercapacitors, so their application in such a wide range is greatly suppressed. This is attributed to several factors, such as high raw material costs, a complex manufacturing process, and a small scale of production. However, since the market for LICs is building up, economies of scale will eventually help bring down the cost of production, making it more competitive with other technologies for energy storage.

Opportunities:

Emerging Applications:

• They can potentially disrupt consumer electronics, medical devices, aerospace, and defense industries. For example, LICs can power wearable devices like smartwatches and fitness trackers and portable medical devices like defibrillators and insulin pumps. They can also serve industries like the aerospace industry in fields such as electric aircraft and drones and energy storage from solar panels. For the defense sector, LICs have applications in powering military vehicles and equipment and providing stand-by power to critical systems, to mention just a few.

The market is segmented based on Product, Application, and Region.

Product Insights:

• Radial Type: The radial type of lithium-ion capacitors is cylindrical and designed for applications requiring high power density with fast discharge capability. Because of their compactness, these capacitors find their place in compact electronic devices and become a preferential choice where space is at a premium.
• Laminating Type: These are designed with a flat and layered structure, making the design for size and shape customization more flexible. These capacitors can be adapted for large surface areas and thin profiles in applications like automotive parts and wearable electronics.

Application Insights:

• Energy Storage: Lithium-ion capacitors are used in energy storage to stabilize the grid, store renewable energy, and extend a battery's life through fast charge/discharge cycles. Their high energy density and longer cycle life make them appropriate for large-scale applications in energy storage.
• Transportation: In the transportation sector, lithium-ion capacitors are used in hybrid and electric vehicles to provide high power levels for rapid acceleration and recovery of energy when the vehicle brakes. Moreover, they have good mechanical strength and work well at varying temperatures, making them suitable for the automotive and aerospace industries.
• UPS: Lithium-ion capacitors are used in UPS systems to provide reliable backup power during electrical failures. Their fast response and long operational life have made them useful in all critical applications in data centers and hospitals.
• Industrial Machine: These capacitors are applied in industrial machines to provide high burst power, maintaining voltage stability during power fluctuations. Their strength and long cycle life support the demanding energy requirements of industrial equipment, particularly those related to automation and robotics.
• Others: Ranging from a wide spectrum of applications in consumer electronics, medical devices, and telecommunication systems, lithium-ion capacitors offer high performance and reliability in niche applications requiring quick energy release and high durability.

Regional Insights

• North America: North American demand is driven by advanced energy storage solutions and the increasing adoption of electric vehicles. This region is also backed up by the existence of key players and high investment in renewable energy infrastructure.
• Asia Pacific: The region enjoys dominance in the Asia Pacific market growth, owing to rapid industrialization, urbanization, and increasing consumer demand for electronic goods within countries like China, Japan, and South Korea. Further, the robust manufacturing base and emphasis on adopting technology drive market growth.
• Europe: Stringent environmental policies and a move towards green energy drive the growth of the European market. The increasing adoption of lithium-ion capacitors in automotive and industrial applications aligns with the region's quest for sustainability and energy efficiency.
• Latin America: The market in Latin America is presently showing stable growth, assisted by growth in the renewable energy sector and the rise in the demand for efficient energy storage solutions. Grid modernization and electrification in Brazil and Mexico create demand for lithium-ion capacitors.
• Middle East and Africa: The market in this region is driven by the increasing adoption of energy storage systems for renewable energy projects and grid reliability. Again, economic diversification and infrastructure development efforts in countries like the UAE and Saudi Arabia support the market growth.

Lithium-ion Capacitor Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Product, Application, and Region.

Segmentation:

By Product:

• Radial Type
• Laminating Type

By Application:

• Energy Storage
• Transportation
• UPS
• Industrial Machine
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Lithium-ion Capacitor Market include LICAP Technologies, Inc., TAIYO YUDEN, JSR Micro NV, Electro Standards Laboratories, Socomec Group, VINATech Co., Ltd., Murata Manufacturing Co., Ltd., Spel Technologies Pvt. Ltd., Elecorev Ramway India Private Limited, Yunasko.

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• In April 2024, Researchers at the Korea Advanced Institute of Science and Technology (KAIST) uncovered a promising battery innovation that could transform portable electricity. Professor Jeung Ku Kang and his colleagues work on sodium-ion batteries, which are comparable in design to traditional lithium-ion batteries and can be built using the same industrial techniques. In these batteries, sodium ions replace lithium ions in the cathode, and lithium salts in the electrolyte (the liquid that transports charge between the cell electrodes) are exchanged for sodium salts.
• In July 2023, Asahi Kasei started licensing technology for designing and manufacturing lithium-ion capacitors (LiCs) using its patented lithium pre-doping method. The novel proprietary doping method allows LiCs to be manufactured at a lower cost using widely available materials and equipment used to manufacture lithium-ion batteries (LiBs) while allowing for the design and manufacture of LiCs with increased capacity and improved input/output performance. The licensing agreement comprises Asahi Kasei's intellectual property relating to LiC technology and technical skills such as cell design and manufacturing using pilot equipment. Asahi Kasei hopes to help licensees worldwide cut LiC development timelines and achieve low-cost LiC manufacturing using current equipment by licensing its technology.

• LICAP Technologies, Inc.*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• TAIYO YUDEN
• JSR Micro NV
• Electro Standards Laboratories
• Socomec Group (France)
• VINATech Co., Ltd.
• Murata Manufacturing Co., Ltd.
• Spel Technologies Pvt. Ltd.
• Elecorev Ramway India Private Limited
• Yunasko

“*” marked represents similar segmentation in other categories in the respective section.

Research Objective and Assumption

• Research Objectives
• Assumptions
• Abbreviations

Market Preview

• Report Description
  • Market Definition and Scope
• Executive Summary
  • Market Snippet, By Product
  • Market Snippet, By Application
  • Market Snippet, By Region
• Opportunity Map Analysis

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restraints
  • Market Opportunities
• Market Trends
• Product Launch
• Merger and Acquisitions
• Impact Analysis
• PEST Analysis
• Porter’s Analysis

Market Segmentation, By Product, Forecast Period up to 10 Years, (USD Bn)

• Overview
  • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Radial Type
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Laminating Type
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Segment Trends

Market Segmentation, By Application, Forecast Period up to 10 Years, (USD Bn)

• Overview
  • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Energy Storage
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Transportation
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• UPS
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Industrial Machine
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Others
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)

• Overview
  • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (USD Bn), By Product, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • U.S
    • Canada
• Asia Pacific
  • Market Size and Forecast (USD Bn), By Product, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Europe
  • Market Size and Forecast (USD Bn), By Product, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Rest of Europe
• Latin America
  • Market Size and Forecast (USD Bn), By Product, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • Brazil
    • Mexico
    • Rest of Latin America
• Middle East and Africa
  • Market Size and Forecast (USD Bn), By Product, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East and Africa

Competitive Landscape

• Heat Map Analysis
• Company Profiles

• LICAP Technologies, Inc.
• TAIYO YUDEN
• JSR Micro NV
• Electro Standards Laboratories
• Socomec Group (France)
• VINATech Co., Ltd.
• Murata Manufacturing Co., Ltd.
• Spel Technologies Pvt. Ltd.
• Elecorev Ramway India Private Limited
• Yunasko

The Last Word

• Future Impact
• About Us
• Contact