Lithium-Ion Capacitors in
Wind and Solar Power
Generation
Global Market Forecast
According to ElectroniCast, the value of
LICs with Solar and Wind power generation is projected to reach $500 million on
2025…
2016 -- ElectroniCast
Consultants, a leading market & technology forecast consultancy, today
announced their market forecast of the worldwide use of lithium-ion capacitors
used in wind and solar power generation. A lithium-ion capacitor (LIC) is a
hybrid type of capacitor out of the family of the supercapacitors.
The
worldwide consumption value of lithium-ion capacitors used in standalone wind
turbine plus standalone solar photovoltaic (PV) plus combined
(hybrid) wind/solar power generation applications reached $10.8 million in
2015, and it is forecast to reach $500 million in the year 2025). [1]
Market forecast data in this study report refers to consumption (use)
for a particular calendar year; therefore, this data is not cumulative data.
“The use
of lithium-ion capacitor (LIC) based rechargeable energy storage systems in
conjunction with wind and solar power is being advanced for a wide range of
devices such as light emitting diode (LED) streetlights, roadside
signage/displays, airfield lighting, surveillance cameras, security sensors, as
well as various commercial and residential applications,” said Stephen
Montgomery, president at ElectroniCast.
Lithium-ion
capacitors are characterized by an ability to charge with even weak current;
therefore, ElectroniCast forecasts market demand for LICs to increase
substantially in the renewable energy industry sector.
“Currently, the overall use of LICs in conjunction
with the use of wind and solar energy solutions is still in the development
stage, with a rapidly increasing ‘push’ of activity of entering the
introduction or innovation stage in the product life cycle,” Montgomery added.
www.electronicast.com
[1] All values are at factory as-shipped levels,
and are in current dollars, which include the effect of a forecasted 5 percent
annual inflation rate over the forecast period.
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