Supercharging Within Minutes: Opportunities in Key Application Sectors, recent research from Frost & Sullivan's TechVision (Information & Communication) Growth Partnership Service program, finds that the regional hot spots for fast charging related to consumer electronics (CE) are North America and Asia-Pacific because of the presence of many multinational corporations involved in R&D. For fast charging related to electric vehicles (EVs), Asia-Pacific and Europe are the innovation leaders due to high government support.
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Although supercharging is making rapid strides, it is still a relatively nascent technology, battling typical challenges such as high costs and unstable mechanism. For instance, public direct current (DC) and EV supply equipment (EVSE) may cost up to $80,000 per station, which is almost 500 percent more than a level-2 charger. The biggest item of expenditure is charge station hardware, which accounts for nearly 43.75 percent of the total cost.
These challenges notwithstanding, companies have been making significant headway in supercharging technology, rolling out many cutting-edge products. Some of the prominent companies and their innovations include:
- Proterra: Developed an overhead fast-charging configuration for electric buses. It is eight times faster than the CHAdeMO protocol and three times faster than Tesla Supercharger
- Posicharge: Developed an intelligent fast charger for material handling equipment
- LyteSystem: Developed a battery that can fully charge a 2550mAh battery within 10 minutes
- Enavate: Developed an ultrafast charging battery that can charge up to 90 percent in just 15 minutes
- Qnovo: Developed algorithms known as Adaptive Pulse Modulation™ that optimize charging current for each cell to minimise the charging time
"Future product innovations will be aimed at delivering seamless and connected user experiences in a smarter, greener environment," noted Amin. "Innovators are looking to embed new product capabilities and user experiences to stoke demand and user-base expansion. This will also drive energy ownership, which is an offshoot of the Smart Cities concept, wherein instead of plug and play, users will plug, learn and play."
Frost & Sullivan's global TechVision practice is focused on innovation, disruption and convergence, and provides a variety of technology-based alerts, newsletters and research services as well as growth consulting services. Its premier offering, the TechVision program, identifies and evaluates the most valuable emerging and disruptive technologies enabling products with near-term potential. A unique feature of the TechVision program is an annual selection of 50 technologies that can generate convergence scenarios, possibly disrupt the innovation landscape, and drive transformational growth. View a summary of our TechVision program by clicking on the following link: http://ifrost.frost.com/TechVision_Demo.
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