Bharatbook.com added a new report on "Global Ultracapacitors Market Analysis and Forecasts to 2015" which gives the sales growth and applications of Ultracapacitors Industry.
Online PR News – 04-November-2009 – – “Global Ultracapacitors Market Analysis and Forecasts to 2015”, which provides in-depth analysis of the ultracapacitors market. The report provides detailed assessment of the global ultracapacitor industry with market revenue forecasts to 2015. The research covers revenue shares of the major end-users such as the renewable energy, industrial, transportation and consumer electronics sectors. The report identifies the key growth regions of the world for ultracapacitors sales in its section that provides region-wise analysis. The report’s treatment of the global ultracapacitor market is comprehensive with dedicated sections on technology landscape, competitive landscape, and cost analysis. It also reviews revenue trends, R&D trends and the regulatory framework of the ultracapacitors market. ( http://www.bharatbook.com/Market-Research-Reports/Global-Ultracapacitors-Market-Analysis-and-Forecasts-to-2015.html )
The Automotive Sector will be the Cornerstone of Growth for Ultracapacitors
Ultracapacitors, with their quick charging and discharging capabilities, are best-suited for short duration boost power applications in hybrid vehicles. Advancements in ultracapacitor technology are expected to displace the lithium-ion battery as the dominant automotive battery technology. The expected takeoff in hybrid electric vehicles sales will drive the demand for ultracapacitors in the automotive sector. Revenues from ultracapacitor applications in the transportation sector are expected to grow at a CAGR of 42.5% during the forecast period of six years, from 2009 to 2015. From 2010 onwards, in automotive sector applications, ultracapacitors are expected to experience an annual revenue growth of 50% or higher. R&D initiatives for hybrid battery/fuel cell automobiles are gathering pace with automotive majors such as Honda and Toyota testing prototypes of hybrid fuel vehicles. Ultracapacitors, due to their higher energy efficiency and power density features, are ideally suited for fuel-cell based vehicles.
Modernization of Power Grid and Smart Grid Initiatives will Offer Sales Growth
Utilities are looking for alternatives for battery banks as they move ahead with the modernization of the power grid. Battery banks have been the traditional choice of utilities for the short-term electricity supply needs during power outages. However, Utilities are increasingly using modern storage devices such as ultracapacitors to ensure the continuous supply of power during the period between a power blackout and the resumption of back-up power. The deployment of ultracapacitors in the power grid is expected to gain momentum with smart grid initiatives forging ahead in key economies of the globe.
The Ultracapacitors Market is Expected to Grow Due to Expanding Peak Power and Backup Applications
The substantial increase in the peak power needs of modern vehicles, industrial applications, and consumer electronic gadgets is expected to offer opportunity for sales growth of ultracapacitors. Ultracapacitors provide quick, short-duration energy spurts for peak power applications such as elevators, forklifts, consumer electronic gadgets and robotics applications. The growth in back-up power devices will sustain the demand growth of ultracapacitors until 2015. Ultracapacitors are typically used in conjunction with batteries or fuel cells in back-up power applications such as Uninterrupted Power Supply (UPS). Critical-load utility customers such as hospitals, cell phone towers and airport control towers deploy ultracapacitors in uninterruptible power sources. The ultracapacitors market is expected to grow at a CAGR of 25.3% in dollar revenue terms during the forecast period of six years from 2009 to 2015.
High Capital Outlays will Continue to Obstruct the Demand for Ultracapacitors
High initial capital costs of ultracapacitors have restrained their uptake. Cheaper competing technologies such as batteries are denting the attractiveness of expensive ultracapacitors in applications that require moderate power supply. Capital costs associated with ultracapacitors that include a power conditioning system and all other necessary power supply equipment are high. Moreover, ultracapacitors incur high integration costs when deployed with legacy technologies.
Ultracapacitor manufacturers, keen about achieving cost reduction, are maximising their cost optimization plans to spur the sales growth of ultracapacitors. Ultracapacitor manufacturers across the globe are taking initiatives to cut down on the high capital cost of ultracapacitors that are about 50 times that of batteries. Key market players are yet to find ingredient materials that are cheaper and which have optimal safety features for use in their production. Cost improvements of ultracapacitors achieved so far are not significant enough to make an impact on the overall sales. The vendors are taking a multi-pronged approach focusing on ingredient materials and R&D among other things, to address the high capital concerns.
Modern Ultracapacitors With Their Enhanced Capabilities Are Expected To Supplant Batteries
Advanced features of ultracapacitors such as low form factor, high power density, quick charging, and quick response time are driving the ultracapacitor market. Ultracapacitors are slowly penetrating into battery dominated devices such as digital cameras and flashlights. The emergence of battery-free devices in consumer electronics will be a key growth driver for the ultracapacitors market during the period 2009-2015. Technology advancements in ultracapacitors are prolonging the duration of energy release. Traditionally, ultracapacitors have been used in applications that needed intense jolts of energy for short durations. The use of circuits in modern ultracapacitors allow for sustained and efficient release of energy. A recently launched flashlight model called “Light for Life” which uses modern ultracapacitor technology will recharge in 90 seconds and can last for two hours. Fuel-cell and battery-based applications realize significant increases in life cycles with ultracapacitors that stabilize the power output of these systems. Electric double-layer capacitors (EDLCs) reduce power drain from the energy sources and extend the available life up to 400% when used in combination with batteries or other energy sources.
Need for Reliable, High Quality Power Supply Drives the Global Ultracapacitors Industry
The need for reliable and quality power supply is driving the ultracapacitors market. Reliable power supply entails uninterrupted, high quality, fluctuation-free power supply at constant frequency. Frequent fluctuations and frequency variations in power supply can cause unwanted damage to machineries and even result in loss of important data in data centers, telecom centers, and related others. Ultracapacitors provide the benefit of increased system reliability, which is one of the highest priorities of consumers. Advanced features such as compact size, high power density, quick charging, and wider temperature range, make ultracapacitors particularly suitable for short duration power boost applications such as instant high power back-up systems, regenerative braking in hybrid vehicles or trains, and others. By ensuring the availability of high quality power, ultracapacitors help in achieving increased system reliability for consumers.
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