Global Ultracapacitors Market to Reach $261 Million By 2015, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on Ultracapacitors. The world market for Ultracapacitors is projected to reach $260.7 million by 2015. Significant opportunities from large-scale energy storage systems and consumer electronics, substantial cost benefits offered by ultracapacitors in comparison to other alternative energy storage solutions, and fast paced R&D projects for expanding product usability are among factors that are expected to fuel the Ultracapacitors market in future.

Ultracapacitors: A Global Strategic Business Report

Against the backdrop of growing clamor for clear and environment-friendly energy storage solutions, the demand for alternative energy storage solutions such as ultracapacitors is on the rise. Currently, used as solutions to compliment the battery technology, ultracapacitors are fast being developed and enhanced for replacing traditional batteries in the long run. As alternative energy storage devices, ultracapacitors evolved over the years, to now present considerable usage benefits, such as superior power density, rapid recharging and compact design among others.

Growth in the worldwide Ultracapacitors market has long been fashioned by demand from industrial sector. However, off late the market has been witnessing a huge spurt in demand from automotive applications segment, especially in hybrid buses and other electric transit vehicles. With ultracapacitors finding their adoption in several automotive applications, such as regenerative braking, auto start-stop, power assist, door-lock systems, catalyst preheating and stabilization of electrical system among others, it is of no surprise that the automotive application segment has out staged the industrial application segment, as the largest end-use market for ultracapacitors.

As the world economy recovers poise in the upcoming years, the ultracapacitors market will only strengthen its stand further. Significant opportunities from large-scale energy storage systems and consumer electronics, substantial cost benefits offered by ultracapacitors in comparison to other alternative energy storage solutions, and fast paced R&D projects for expanding product usability are among factors that are expected to fuel the Ultracapacitors market in future. However, optimum penetration and commercialization of innovative ultracapacitor solutions, remain contingent on the ability of manufacturers to iron out issues related to high price, lack of standardization, and development of economically viable microscopic manufacturing processes.

Leading players operating in this industry include Nippon Chemi-Con, Panasonic, Maxwell Industries, NessCap, NEC/Tokin, Nichicon, Elna Co., Ltd, Cap-XX, ELIT Co, APowerCap Technologies, Axion Power International Inc., BatScap, Cellergy Ltd., EEStor, Inc., Enable IPC, EPCOS AG and ESMA among others

The report titled "Ultracapacitors: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a review of noteworthy market trends, growth drivers and issues. The report in addition also enumerates recent mergers, acquisitions, and other strategic industry activities. The report quantifies latent demand patterns in the ultracapacitors market in dollars across key end-use market verticals. The study analyzes market data and analytics in terms of annual revenues (in US$ Million) by regional markets including North America, Europe, and Rest of World, as well as by application segments including Automotive, Industrial and Consumer Electronics Applications.

For more details about this market research report, please visit - http://www.strategyr.com/Ultracapacitors_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website