What are the market trends for ultracapacitor technology?
Ultracapacitors are the type of electrochemical capacitors that are able to store exceptionally large amount of energy for their size. They have gotten a lot of attention recently, especially in the hybrid vehicle market. Today, the applications for Ultracapacitors are expanding to construction equipment and telecommunication. Also, we are seeing the increasing usage of Ultracapacitors in the emerging applications, such as renewable energy, residential power, public transportation, military/aerospace, and medicine/healthcare. The detailed U.S. and European market trends presented by this report describe and forecast the expanding Ultracapacitor market. The report forecasts that the size of the combined Ultracapacitor market (U.S. and European) may grow to 2.4 billion dollars in 2009, from 1.2 billion dollars in 2005; this means that the Ultracapacitor demand may double the 2005 figure in the forecast period. In the foreseeable future, demand for Ultracapacitor needs are increasing; thi
