Ultracapacitor Market by Materials (Electrodes, Electrolyte, and Separators) Estimated to Reach $2.10 Billion by 2020 – New Report by MarketsandMarkets
(PRWEB) September 16, 2014 -- According to the new market research report "Ultracapacitor Market by Materials (Electrodes, Electrolyte, and Separators), Products (Consumer, Industrial, Transport, and Others), Applications (Primary, Energy, Wireless, and Others), and Geography - Analysis & Forecast (2013 - 2020)", the global market is estimated to grow at a CAGR of 26.93% from 2014 to 2020. The report also includes in-depth analysis of the materials, products, application and geographic demand in the overall market.
Browse more than 45 Market Data Tables with 88 Figures spread through 262 Pages and in-depth TOC on "Ultracapacitor Market - Analysis & Forecast (2013 - 2020)".
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According to the report, the global Ultracapacitor Market is in its budding stage, however, it contains a great potential across many industry verticals such as consumer electronics, transportation, and industrial segments. Ultracapacitor is finding its place in such applications due to its advanced features such as high power pulse, extended battery life, and lower battery cost for consumers. The highlighting features such as regenerative braking and easy application in hybrid electric vehicles have made Ultracapacitor the best suited device in transportation and industrial applications. The report observes a massive increase in the renewable energy generation in the regions such as Europe, Asia, and the Americas. This shows that the integration of renewable energy with Ultracapacitor has increased rapidly over a period of time.
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This report describes the trends, drivers, and challenges with respect to the global Ultracapacitor Market and forecasts the market growth to 2020, based on the applications and geographic regions. It also gives a detailed view of the market across the geographies such as Americas (North America and South America), Europe (U.K., Germany, France, and others), the Asia-Pacific (China, Japan, South Korea, Australia, and others), and ROW. The report estimates that the Americas are expected to dominate the market in terms of revenue generation. However, Europe has a foremost position in the scientific publication on Ultracapacitors, as per the report. Europe has also gradually increased in numbers from early 2000s. Asian governments are funding internationally to support the hybridized transportation systems. The highest orders of bus traction batteries are placed in East Asia and China. The report profiles more than 13 promising players in the Ultracapacitor Market ecosystem.
The competitive landscape of the market presents a very interesting picture, where a large number of small players have become a force to reckon with. As per the report, the market is witnessing large scale collaboration and partnership across the value chain with a number of tier-one players around the globe.
The global Ultracapacitor market has witnessed massive developments in the past few years. The companies in Americas have shown an extensive growth and have a major market share in the Ultracapacitor ecosystem. According to the report, Europe is following the countries from American regions such as North America and South America and has given rise to the research and development areas of Ultracapacitor .The major market for Ultracapacitor falls in the highly developed countries and still, large scale research and development is being carried out in Europe. Though there have been considerable changes in the market with focus on green and clean technology in APAC countries such as South Korea, Japan, China, India, and so on.
Major companies in Americas, such as Ioxus, Inc. (U.S.), have implemented elastic methods for preserving and delivering power in order to design and manufacture supercapacitors with the highest standards. North America has a unique electrode designs delivery and high power density required for the highest performance with the lowest resistance. As per the report, Maxwell Technologies (U.S.) is trying its best to expand its market for high-voltage capacitors and radiation-hardened microelectronic products. It has entered into partnerships with SK Innovations (Korea) and University of California (U.S.) for developing new energy storage solutions. It also entered into strategic alliance with SK Innovation (Korea) to grab the opportunities for commercial transport, industrial sector, and other segments of the market. From 2000, there has been a drop in the government funding in Europe, which has hindered the growth of the market in this region due to the cost aggressive nature of the new materials. The report suggests that Germany, France, Switzerland, and the U.K. are expected to be the major players in Europe. Energy storage is playing a key role in the German government strategy for a dependable, economical, and environment-friendly energy supply by 2050. Even the governments from Asia are funding internationally to support the hybridized transportation system of supercapacitors. The largest orders for supercapacitor bus traction batteries are placed in East Asia and China, which are harvesting the energy from braking of the trains.
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