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SOURCE Research and Markets
DUBLIN, February 21, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/24bpff/ultracapacitors) has announced the addition of the "Concise Analysis of the International Ultracapacitors Market - Forecasts to 2019" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
An ultracapacitor (also known as supercapacitor) is a double-layer electrochemical device which can store thousands of times more energy than a common capacitor. The global ultracapacitors market is expected to witness robust growth during the forecast period due to the benefits associated with it as compared to conventional batteries. Increasing applications of ultracapacitors in the automotive sector such as in cars and buses is further expected to fuel growth in the coming years.
The market was valued at USD 672.0 million in 2012 and is expected to increase to USD 3,120.0 million in 2019, at a CAGR of 25.2% from 2013 to 2019. Rising cost of fossil fuels, depletion of natural resources and carbon emissions is paving the way for alternate means of transportation. Continuous efforts have been taken by both public and private sector to reduce carbon emissions and save fuel. Stringent government regulations related to CO2 emission is driving the ultracapacitors market globally. For example, the European Commission issued a regulatory proposal confirming a 95g/km target by 2020. Government regulations such as 95g/km CO2 emissions in Europe and Corporate Average Fuel Economy (CAFE) in the U.S. are the major factors supporting the growth of ultracapacitors in these regions.
The growing trend and need for environment-friendly energy storage solutions is fuelling the demand for alternate energy storage solutions. As a complement to battery technology, ultracapacitors are expected to replace battery technology in the long run.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Ultracapacitors Market Analysis, By Application
5 Ultracapacitors Market Analysis And Forecast, By Geography
6 Company Profiles
For more information visit http://www.researchandmarkets.com/research/24bpff/ultracapacitors
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