Ultracapacitor Market, By Application (Automotive (Bus, Auto, Train, Others), Industrial (Cranes, Valves, Mining, Smart Grid), Energy (Wind, Solar, Energy Harvesting), Electronics (S SDD, Non-volatile RAM, UPS), Others), By Region (North America, Europe, Asia Pacific, Rest of World) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
Ultracapacitor has a number of applications in modern day electrical engineering. It is widely recognized that ultracapacitors hold great potential for improving both short and long run cost of ownership of electric vehicles, with potentially huge benefits to the environment. Ultracapacitor systems can store large amounts of electrical energy that can then be used when a charge is required. This allows an enormous level of power storage capacity, which has proved very useful in remote outlying systems such as wind turbines.
Ultracapacitor devices are made from a wide range of materials and configurations, depending on their application and costumer specification. Ultracapacitor designs tend to adopt high surface area configurations, meaning the potential energy they can store is directly proportional to its surface area.
Market Dynamics:
R&D in hybrid supercapacitors is expected to propel growth of the global ultracapacitors market. For instance, in July 2020, scientists at the International Advanced Research Center for Powder Metallurgy and New Materials, in collaboration with IIT Hyderabad, India, developed a facile, scalable, and cost-effective electrochemical route to synthesize electrodes made of Nickel cobaltite (NiCo2O4) containing nanosheet structures with incorporated oxygen vacancies as an active material, for hybrid supercapacitors.
Major players operating in the global ultracapacitors market are focused on launching new products to expand their product portfolio. For instance, in July 2021, AVX Corporation, launched SCP Series PrizmaCap supercapacitors with an operating temperature range of -55°C to +90°C, capacitance of 3.5–15F and energy density of 1.14–2.43Wh/kg.
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