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The global ultracapacitors industry is driven by the rapid demand for electronics products such as laptops and smartphones, and automotive applications. The use of micro ultracapacitor increases the opportunity for the ultracapacitor market. The use of ultracapacitors in solar and wind energy applications increases the opportunity for ultracapacitor market growth. The ultracapacitor is a critical part of the irrigation system. The demand for irrigation systems is fueling the use of capacitors. Innovation in the storage technology extended life period of ultracapacitors compared to conventional capacitors is anticipated to boost the growth of the global ultracapacitors industry. The market is also witnessing the need for ultracapacitors used for energy re-filling in buses, trams, and trains, owing to a vigorous demand for energy-efficient products. During the forecast period, regenerative braking systems are expected to drive the adoption of ultracapacitors in automobiles. Ultracapacitors are expected to play a significant role in future vehicles, absorbing kinetic energy and later using it for propulsion. The demand is thus expected to grow further as more prominent automobile manufacturers adopt this technology.
To accelerate the research and development programmes, ultracapacitors companies are increasingly collaborating with research institutes, universities, technology companies, and other market players. For example, Versarien (OTCMKTS: VRSRF) signed a Memorandum of Understanding with Warwick Manufacturing Group in April 2016 to produce power storage devices such as supercapacitors using Versarien's graphene nanoplatelets.
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The major players in the global ultracapacitors industry are Maxwell Technologies Inc., Supreme Power Solutions Co. Ltd., SECH SA, Skeleton Technologies, and LICAP Technologies, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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