Published Date : 2024-Dec-18
The global ultracapacitor market has emerged as a vital segment in the energy storage industry, driven by advancements in renewable energy, electric vehicles, and industrial applications. Ultracapacitors, also known as supercapacitors, are poised to play a significant role in the global energy transition.
Below is a detailed look at the top 10 leading companies in the ultracapacitor market: Maxwell Technologies, Nippon Chemi-Con Corporation, Skeleton Technologies, Eaton Corporation, CAP-XX Limited, LS Mtron, Panasonic Corporation, Ioxus, NEC Corporation and Nesscap Energy.
Overview: Maxwell Technologies, a subsidiary of Tesla in 2019, is one of the most recognized names in the ultracapacitor industry. The company specializes in energy storage and power delivery solutions, with ultracapacitors at the core of its technology offerings. These devices are designed for high-performance applications in sectors such as automotive, renewable energy, and industrial power systems.
Headquarters: Palo Alto, California, USA
Founded: 1965 (Maxwell Technologies) ; 2003 (Tesla)
Employees: Approx. 127,855 (Tesla overall)
Revenue 2023: $81.46 billion
Regional Focus:
Headquarters: Tokyo, Japan
Founded: 1931
Employees: Approx. 6,000
Revenue 2023: $1.4 billion
Regional Focus: Asia-Pacific, Europe
Overview: Nippon Chemi-Con is a Japanese corporation that produces capacitors and other discrete electronic components. The company has grown to become one of the largest capacitor manufacturers in the world. Its ultracapacitor products, marketed under the DYNACAP brand, are designed to meet the demands of modern energy storage applications, offering high durability and rapid charge/discharge capabilities.
Regional Focus:
Headquarters: Grossröhrsdorf, Germany
Founded: 2009
Employees: Approx. 350
Revenue 2023: Approx. $45 million
Overview: Skeleton is a German company and global leader in ultracapacitor technology. Renowned for its curved graphene-based ultracapacitors, the company focuses on delivering high-performance energy storage solutions for industries ranging from automotive to renewable energy and industrial power management
Regional Focus: Skeleton Technologies has a strong presence in Europe and is rapidly expanding into North America and Asia-Pacific. Its strategic partnerships with organizations like Siemens and the European Space Agency underscore its commitment to global energy sustainability.
Headquarters: Dublin, Ireland
Founded: 1911
Employees: Approx. 86,000
Revenue 2023: $24 billion
Overview: Eaton Corporation is a globally renowned power management company that provides a wide range of energy-efficient solutions, including ultracapacitors. Eaton’s ultracapacitor technology is tailored for industrial, transportation, and renewable energy applications, emphasizing sustainability, reliability, and innovation. Its ultracapacitor products are part of a broader portfolio of energy storage and power delivery systems, designed to support peak power demands, improve energy efficiency, and enhance system resilience.
Regional Focus:
Headquarters: Sydney, Australia
Founded: 1997
Employees: Approx. 50
Revenue 2023: Approx. $5 million
Overview: CAP-XX Limited is a leading manufacturer of thin-form, high-performance ultracapacitors designed for space-constrained applications. The company is recognized for its innovative energy storage solutions tailored to IoT devices, automotive systems, medical devices, and consumer electronics. CAP-XX has established itself as a pioneer in ultracapacitor miniaturization while maintaining high power and energy densities.
Regional Focus:
Headquarters: Anyang, South Korea
Founded: 1962
Employees: Approx. 3,000
Revenue 2023: Approx. $1.1 billion
Overview: LS Mtron is a South Korean company recognized for its ultracapacitors in hybrid buses, wind turbines, and grid stabilization projects. The company has positioned itself as a key player in the ultracapacitor market by focusing on large-scale industrial and automotive applications. The company combines advanced technology with a commitment to sustainability, creating energy-efficient products that contribute to global electrification efforts.
Regional Focus:
Headquarters: Osaka, Japan
Founded: 1918
Employees: Approx. 240,000
Revenue 2023: $74.7 billion
Overview: Panasonic Corporation, a globally recognized electronics giant, is at the forefront of energy storage innovation, including ultracapacitor technology. With a strong focus on sustainability and advanced manufacturing, Panasonic develops ultracapacitors that are integral to automotive systems, renewable energy solutions, and industrial applications. Panasonic’s energy storage products deliver exceptional performance, reliability, and environmental compliance.
Regional Focus:
Headquarters: Oneonta, New York, USA
Founded: 2007
Employees: Approx. 200
Revenue 2023: Approx. $30 million
Overview: Ioxus based in the United States, is a leading manufacturer of ultracapacitors and energy storage systems designed for heavy-duty vehicles, renewable energy systems, and industrial applications. With a focus on durability, efficiency, and customization, Ioxus delivers high-performance solutions tailored to meet the energy needs of demanding environments.
The company specializes in ultracapacitor-based energy storage systems that deliver reliable power and long lifespans for rugged applications. Known for their fast response times and energy efficiency, Ioxus products are widely used in electric and hybrid transportation, as well as industrial systems requiring frequent charge-discharge cycles.
Regional Focus:
Headquarters: Tokyo, Japan
Founded: 1899
Employees: Approx. 114,000
Revenue 2023: Approx. $23.5 billion
Overview: NEC Corporation, a leading Japanese technology company, has been a prominent player in the global energy storage market. While NEC is renowned for its cutting-edge IT, telecommunications, and electronics solutions, the company has also made significant strides in energy storage systems (ESS), including ultracapacitors. NEC’s ultracapacitor technology plays a crucial role in stabilizing power grids, enhancing renewable energy applications, and improving industrial systems.
Regional Focus:
Headquarters: Seoul, South Korea (Nesscap division)
Founded: 1999
Employees: Approx. 500 (pre-acquisition)
Revenue 2023: Integrated with Maxwell’s revenue (part of Tesla as of 2019)
Overview: Nesscap Energy, originally based in Seoul, South Korea, was a leading manufacturer of ultracapacitors and energy storage systems before its acquisition by Maxwell Technologies in 2017. Known for its cutting-edge ultracapacitor technology, Nesscap’s products were designed for applications in renewable energy, transportation, and industrial power systems. Despite its acquisition, Nesscap’s innovations continue to influence the ultracapacitor market as part of Maxwell’s and subsequently Tesla’s product lines
Regional Focus: Asia-Pacific, North America
The ultracapacitor market is positioned for robust growth in 2024 and beyond, with these companies leading the charge in innovation and deployment.
