Transformers are a vital link to the entire supply chain for electric power, from generation to transmission to distribution networks. According to a new iRAP report, the global market reached to about $41,560 million in 2014, and it is estimated to increase to $63,500 million by 2019 at a CAGR of 8.8 % per year from 2014 to 2019.
Ultracapacitors, once a technological novelty, are now in mainstream and are showing significant sales volumes. There are four major markets where ultracapacitors are needed, each having its own specific requirements. The new report has estimated the markets according to applications, form factors and regions.
The global market for thin-film batteries is expected to reach $90 million in 2010. This market will increase to $600 million by 2015. The range for the average annual growth rate (AAGR) is expected to be 37.9% to 67.8% for the six major regions surveyed for the period 2010 to 2015.
The coming decade will see the rapid emergence of low-cost, intelligent, wireless switches and wireless sensors and their widespread deployment throughout our environment. The report reviews the various energy harvesting technologies currently available or under development.
The market data contained in this report quantify opportunities for ultracapacitors. In addition to product types, this report also covers the many issues concerning the merits and future prospects of the ultracapacitor business, including corporate strategies, information technologies, and the means for providing these highly advanced product and service offerings.
Over the past few years, fuel cells have demonstrated increased reliability and lower costs thanks to the incorporation of nanomaterials. Nanomaterials are also increasingly used in the production, purification and storage of hydrogen for use with fuel cells.