According to a market research report titled ‘Ultracapacitors’ from Pike Research, revenues of ultracapacitors in grid and transportation services will increase by over 10 times to $284.1 million between the period 2011-2016.
Ultracapacitors, which powers vehicles by capturing energy from their braking system, could assist manufacturers to produce vehicles complying with the latest standards. The comprehensive report discusses in detail the important application fields of ultracapacitors such as fuel cell and hybrid, stop-start vehicles and utility grid applications such as additional services for energy storage.
The market report covers an analysis of market and technology issues, profiles of major companies in the up-and-coming ultracapacitor market as well as market predictions through 2020.
So far ultracapacitors have been considered as costly for majority of the energy storage applications and chances of usage in transportation applications is inadequate. However, according to the new report, the utilization of ultracapacitors in stop-start vehicles and hybrid trucks has been quickly growing. Stop-start vehicles can shut off the engine temporarily during idling or stopping and restart it automatically to continue locomotion.
Stop-start technology has been integrated into over two dozen models in Europe, which follows more strict emission standards than the US. More number of vehicle producers in the US are expected to start using ultracapacitors due the latest fuel efficacy standards. Pike Research estimates that global sales of stop-start vehicles will surpass 14 million by 2020. It also predicts that global revenues of ultracapacitors in the stop-start vehicle segment will attain $356 million by 2020, as they find significant applications in diesel-powered stop-start vehicles.
Source: http://www.pikeresearch.com