2008-01-24 12:16:38 -
www.researchandmarkets.com - Research and Markets (www.researchandmarkets.com/reports/c80584) has announced the addition of "World Ultra capacitor Markets 2007" to their offering.
This Frost & Sullivan research titled World Ultra capacitor Market provides revenue forecasts, trends and market share of companies in the world market. In this research, Frost & Sullivan's expert analysts thoroughly examine the applications: transportation, industrial, and consumer electronics.
Market Overview
Ability to Meet Instantaneous Power Requirements Spurs Demand for Ultra capacitors
The world ultra capacitor market undergoes significant changes every year as it is still in its early commercialization stage. Although ultra capacitors are set to replace batteries in the long term, they are currently used in complementing batteries for more efficient energy storage. When used in tandem with the battery, they can significantly increase battery life by handling all the peak power requirements of the device. Ultra capacitor technology offers some very unique selling points such as high power density, ability to operate at a wide range of temperatures and climatic conditions, quick and easy recharge, and up to a million charge recharge cycles without affecting its efficiency.
The market has advanced and has found several optimal uses in the transportation and industrial segments. Moreover, with a growing need for environment-friendly solutions, especially in Europe and North America, there is a lot of investment in this technology toward a cleaner environment. There are several opportunities for ultra capacitors that are yet to be explored. "Their use in micro, mild, full, and fuel cell hybrids, is seen as a high volume application for the future ultracapacitor market," cites the analyst. "In the industrial market, their use can be diversified in backup power applications." Hence, the role of researches in identifying the right applications for product expansion is a key to drive the market in the long term.
Ultra capacitor Technology Can Realize Its Full Market Potential by Scrutinizing and Improving Its Production Process
From a technology standpoint, ultra capacitors' footprint and form factor do not have standardized sizes in the market and hence there are several random designs being made by manufacturers. Integrating these designs in devices is a challenge especially in the consumer electronics market. Moreover, their prices have remained high.
Cost reduction must be achieved by higher economies of scale, increase in production capacities, sourcing materials from cheaper suppliers and enabling easy design and packaging. Once demand for the ultra capacitor is established and clearly defined standards for sizes are laid out, the currently rigorous and time consuming task of design and incorporation into devices can be easily minimized. In addition, identification of niche application areas and early adoption into new technology is the key to growth in this market. "Funding has been abundant in the market and continues to remain steady implying that there are high expectations from this technology," remarks the analyst. "Hence, as a product, the ultra capacitor has performed fairly well, but there is scope for further improvement in technology."
For more information, visit www.researchandmarkets.com/reports/c80584.
Research and Markets
Laura Wood, Senior Manager
Fax: +353 1 4100 980
press@researchandmarkets.com
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