Thursday 27 October 2016

Global Automotive Ultra-capacitor Market to grow at a CAGR of 19.24% during the period 2016 - 2020; Finds New Report

Global Automotive Ultracapacitor Market 2016 - 2020

Report forecast the global automotive ultra-capacitor market to grow at a CAGR of 19.24% during the period 2016-2020.

An ultracapacitor is an energy storage device that stores energy through an electric field, whereas a battery stores and generates energy through a chemical reaction. Ultracapacitors can store higher charge quantity than batteries as they conduct electricity through an electric field, making them ideal for applications requiring high electric current and voltage.

The report covers the present scenario and the growth prospects of the global automotive ultra-capacitor market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA

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.

Global Automotive Ultra-capacitor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global automotive ultra-capacitor market: Maxwell Technologies, NEC Tokin, Nesscap, Nippon Chemi-Con, and Skeleton Technologies.

Other prominent vendors in the market are: Ioxus, CAP-XX, and Panasonic.

Market driver
  • Regulatory push toward efficient vehicles leading to new application areas within automotive industry.
  • For a full, detailed list, view our report

Market challenge
  • Low energy density leading to shift of demand toward batteries.
  • For a full, detailed list, view our report

Market trend
  • Use of ultracapacitor in electric turbochargers.
  • For a full, detailed list, view our report

Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Spanning over 62 pages and 32 Exhibits Global Automotive Ultracapacitor Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Geographical segmentation, Market drivers, Market challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://mrr.cm/3Ad

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