Led by Transportation, the Niche Power Solution Will Grow at an 18% CAGR, as Novel Electrode Materials Drop Cost and Boost Performance, Lux Research Says
BOSTON, MA--(Marketwired - Oct 1, 2013) - The market for supercapacitors will more than double to $836 million in 2018, up from $466 million in 2013, according to Lux Research. An emerging energy storage solution that bridges the gap between conventional capacitors and rechargeable batteries, supercapacitors will grow based mainly on adoption in transportation applications like hybrid buses and micro-hybrids. Consumer electronics and wind turbines make up the other significant opportunities.
"Supercapacitors have long gained attention as disruptive devices, and they're now starting to realize their potential in transportation -- though their adoption in consumer electronics has been limited," said Cosmin Laslau, Lux Research Analyst and the lead author of the report titled, "Power Play: Supercapacitor Innovation for Growth in Transportation and Electronics." "To reach the technology's full commercial potential, innovations in electrode materials are needed to drive down cost and improve performance," he added.
Lux Research analysts examined the current applications where supercapacitors have strong value, and the outlook for materials, cell, and system performance and cost improvements that may enable bigger and better opportunities down the road. Among their findings:
The report, titled "Power Play: Supercapacitor Innovation for Growth in Transportation and Electronics," is part of the Lux Research Mobile Energy Intelligence service.
About Lux Research
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.
Contact Information:
Contact:
Carole Jacques
Lux Research, Inc.
617-502-5314
carole.jacques@luxresearchinc.com