The global automotive ultra-capacitor market is forecast to grow at a CAGR of 19.24% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One of latest trends in the market is graphene and carbon nanotubes in ultracapacitor: A breakthrough in electric cars. Carbon nanotubes and graphene are different forms of carbon used in ultracapacitor, which can store high energy. This energy can be stored and used later for quick power outburst demand in a vehicle. To make ultracapacitor more affordable and scalable, companies are moving toward the use of this carbon structure. This will not only reduce the overall cost of the ultracapacitor but will also enhance performance.
According to the report, one of the primary drivers in the market is regulatory push toward efficient vehicles leading to new application areas within automotive industry. There are strict standards set by the governments of different countries worldwide to curb carbon emissions. The use of ultracapacitors is gaining popularity due to their environment-friendly energy storage. As the increased emission of carbon dioxide (CO2) results in global warming, governments are enforcing stricter rules to reduce the same. Although the complete elimination of emissions is not possible, a significant reduction is, however, possible. Automotive manufacturers are shifting from ICE-propelled vehicles to electric energy. Replacing electrolyte batteries in cars by ultracapacitor reduces the carbon emission to the environment significantly.
Further, the report states that one major challenge in the market is low energy density leading to shift of demand toward batteries. The main disadvantage of ultracapacitors is low energy density (i.e., the amount of energy stored per unit weight is much smaller than that of the battery). A battery has an energy density of 20-150 Wh/kg while ultracapacitors have only 5-15 Wh/kg. However, research is being carried out to overcome this shortfall by using different forms of carbons such as activated carbons, carbon nanotubes, and carbon aerogels. Ultracapacitors have higher self-discharge rate than batteries, which makes them harder to replace than batteries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- Maxwell Technologies
- NEC Tokin
- Nippon Chemi-Con
- Skeleton Technologies
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Market challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
PART 14: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/qmhb6m/global_automotive
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