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Ultracapacitors Market - Growth During the Forecasted Period 2019

01-31-2017 11:17 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Ultracapacitors Market - Growth During the Forecasted Period

Ultracapacitors also known as supercapacitors or Electrical double-layer capacitors (EDLC) is expected to see a robust growth in next six years. This is due to its increasing demand across various application sectors such as automotive, wind, electronics, industrial and military.

Currently, driven by its several applications in the automotive sector in HEVs and trains, this market is expected to emerge as a supplement and replacement to conventional batteries.

The application of ultracapacitors alongside batteries is expected to increase, and ultracapacitors are also expected to emerge as a replacement for batteries in the coming years. Batteries and ultracapacitors can be differentiated primarily on the basis of their functionality. Ultracapacitors are power devices whereas batteries are energy devices.

This report has been segmented by application and by geography and also includes the drivers, restraints and opportunities (DROs), Porter’s five forces analysis and value chain of the ultracapacitors market.

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The study highlights current market trends and also provides the forecast from 2013 to 2019. We have also covered the current market scenario for ultracapacitors and highlighted its future trends that will impact demand.

An ultracapacitor (also known as supercapacitor) is a double-layer electrochemical device which can store thousands of times more energy than a common capacitor.

The global ultracapacitors market is expected to witness robust growth during the forecasted period due to the benefits associated with it as compared to conventional batteries.

Increasing applications of ultracapacitors in the automotive sector such as in cars and buses is further expected to fuel growth in the coming years.

The market was valued at USD 672.0 million in 2012 and is expected to increase to USD 3,120.0 million in 2019 i.e., at a CAGR of 25.2% from 2013 to 2019. Rising cost of fossil fuels, depletion of natural resources and carbon emissions is paving the way for alternate means of transportation.

Continuous efforts have been taken by both public and private sector to reduce carbon emissions and save fuel. Stringent government regulations related to CO2 emission is driving the ultracapacitors market globally.

For example, the European Commission issued a regulatory proposal confirming a 95g/km target by 2020. Government regulations such as 95g/km CO2 emissions in Europe and Corporate Average Fuel Economy (CAFE) in the U.S. are the major factors supporting the growth of ultracapacitors in these region.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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