Ultracapacitor Market Is Projected To Grow At A 25% CAGR Till 2024: Grand View Research Cheap Jerseys Wholesale , Inc. Business Articles | August 4, 2016
New Market Research Reports Title “Ultracapacitor Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database
The global?Ultracapacitor Market?is expected to reach USD 8,049.1 million by 2024, according to a new report by Grand View Research Cheap Jerseys From China , Inc. These capacitors have the ability to rapidly charge to their maximum capacity and also discharge quickly up to zero-charge level. It also ensures safety of operation as it eliminates potential risk of explosion or self-ignition. Ultracapacitors have a high transient response time of 20 microseconds and are also maintenance free, which can result in increasing adoption over the coming years.
The inherent characteristics of ultracapacitors makes it suitable for use in consumer electronics including audiovideo systems and digital cameras owing to low power and energy, and long life back-up offered by these modules. Further, ultracapacitors also possess high power and energy density which makes it an ideal match for use in industrial and automotive applications Cheap Jerseys China , which may further escalate growth over the forecast period
The electronics segment accounted for over 50% of the overall revenue in 2015 and is estimated to witness considerable growth over the forecast period. This is primarily attributed to the smartphone proliferation particularly in developing countries including India, China, and Brazil coupled with increasing demand for smart glasses, e-books Cheap Jerseys , smart watches, and e-papers worldwide. The energy segment is expected to grow at a CAGR exceeding 20% over the period of 2016 to 2024. Utilization of energy storing technology in ultracapacitors delivers a considerable amount of energy at high power. This makes these modules suitable for supplying high power in multi-functional devices. In addition, the advances in material science and electronics sector have enabled new developments in the energy storage field. The100 volts and above segment is estimated to grow at a CAGR beyond 30% owing to the ability of these modules to operate with a temperature range up to 65 degrees Celsius, which makes them suitable for use in emerging application areas including wind turbine pitch control Cheap NCAA Hats , small UPS systems, and small industrial systems. Asia Pacific Ultracapacitor Market accounted for over 30% of the overall revenue share in 2015, which may increase over the next eight years. Increased penetration of consumer electronics is anticipated to drive regional demand over the forecast period. Key players in the industry include Maxwell Technologies, Inc. Cheap NCAA Hoddies , Panasonic Corporation, VINA Tech Co. Ltd, Supreme Power Solutions Co. Ltd, Ioxus Cheap NCAA T-shirts , Nippon Chemi-Com Corporation, LS Mtron, Nesscap Co. Ltd and Yunasko.
Grand View Research has segmented the global Ultracapacitor Market on the basis of power, application and region:
Ultracapacitors Power Type Outlook (Revenue Cheap NCAA Shirts , USD Million; 2014 -?2024)
Less than 10 volts Modules 10 volts to 25 volts Modules 25 volts to 50 volts Modules 50 volts to 100 volts Modules Above 100 volts Modules
Ultracapacitors Application Outlook (Revenue, USD Million; 2014 -?2024)
Automotive Bus Auto Train ?Others Industrial Cranes Valves Mining Smart Grid Electronics Solid State Disk Drive Non-volatile RAM UPS Energy Wind Solar Energy Harvesting
Ultracapacitors Regional Outlook (Revenue, USD Million; 2014 -?2024)
North America Europe Asia Pacific South America Middle East & Africa