RE: Back up we go.31 Oct 2024 10:11
Market size and growth
According to market research, the global supercapacitor market was valued at approximately USD 4.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of approximately 23% from 2023 to 2030(4). Although smart meters represent a niche within this larger market, the demand for supercapacitors in this segment is rising due to increased investment in smart grid technologies, especially in North America and Europe, where energy infrastructure modernisation is a key focus(5).
The global smart meter market, which is expected to reach USD 19.98 billion by 2025, will likely see growing integration of supercapacitors as utilities and governments prioritise the development of efficient, resilient energy management system(6). This trend highlights the crucial role of supercapacitors and ultracapacitors in supporting the future of smart energy infrastructure.