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ElectroniCast Consultants Publishes Lithium-Ion Capacitors Used in Solar Photovoltaic Power Generation Global Market Forecast - According to ElectroniCast, the consumption value of Linthium-ion-Capicitors in Solar Photovoltaic power generation is forecast to grow from less than$1 million in 2011 to nearly $233 million in 2021 - ElectroniCastconsultants.com
ElectroniCast Consultants Publishes Lithium-Ion Capacitors Used in Solar Photovoltaic Power Generation Global Market Forecast

 

PRZOOM - /newswire/ - Upper Lake, CA, United States, 2011/12/13 - According to ElectroniCast, the consumption value of Linthium-ion-Capicitors in Solar Photovoltaic power generation is forecast to grow from less than$1 million in 2011 to nearly $233 million in 2021 - ElectroniCastconsultants.com.

   
 
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ElectroniCast Consultants, a leading market & technology forecast consultancy, today announced their market forecast of the worldwide consumption of lithium-ion capacitors (LICs) used in solar photovoltaic (PV) power generation.

ElectroniCast estimates that in 2011, the worldwide consumption value of lithium-ion capacitors used in solar photovoltaic power generation applications will reach (only) $0.862 million; however, consumption value is forecast to increase at an average annual growth rate of 87.5 percent to $19.99 million in 2016. From 2016-2021, the total consumption value is forecast an increase 63.4 percent per year, reaching $232.88 million in the year 2021. (All values and prices in this report are at end-user levels, and are in current dollars, which include the effect of a forecasted 5 percent annual inflation rate over the forecast period).

A capacitor is an electrical device that stores or releases electricity through rapid electrostatic reactions. Compared with a battery that stores electricity through slow chemical reactions, a capacitor makes it possible to charge and discharge electricity almost instantaneously with a long cycle life.

Lithium-Ion Capacitors (LICs) have a higher power density as compared to batteries and they are safer in use than Lithium-Ion Batteries (LIBs), since thermal runaway reactions may occur with LIBs. Compared to an Electric Double-Layer Capacitor (EDLC), the lithium-ion capacitor has a higher output voltage. They both have similar power densities, but energy density of a lithium-ion capacitor is higher.

According to ElectroniCast (electronicast.com) one of the main market driver for LICs with solar (PV) panels will be in conjunction with light emitting diode (LED) street/roadway lighting.

Although there is currently a huge build-up of existing inventory of PV solar panels, mainly due to the on-going global economic pressures, eventually the solar photovoltaic industry sector has an impressive outlook.

 
 
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Agency / Source: ElectroniCast Consultants

 
 

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ElectroniCast Consultants Publishes Lithium-Ion Capacitors Used in Solar Photovoltaic Power Generation Global Market Forecast

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Contact: Theresa Hosking - ElectroniCastConsultants.com 
707-275-9397 thosking[.]electronicastconsultants.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ElectroniCast Consultants securities in any jurisdiction including any other companies listed or named in this release.

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