Continuous R&D in Energy Storage to Open-up Opportunities in Innovative and Efficient Energy Storage Applications Finds Frost & Sullivan
MOUNTAIN VIEW, Calif., June 17 /PRNewswire/ — Currently, researchers are focusing not only on satisfying energy demands, but also on tapping the potential of environment-friendly sources of energy. Only continuous and dedicated R&D in the energy storage stream can achieve such a tough task. While sustainable power generation continues to be a challenge, the efficient storage of this generated power is a priority for the research community. Therefore, the current research on energy storage materials aims at developing existing technologies that increase energy storage efficiency and innovating novel materials that allow energy storage in various forms.
New analysis from Frost & Sullivan (http://www.technicalinsights.frost.com), Materials for Energy Storage: R&D Management, finds that R&D in the energy storage market is quite intense with the participation of national laboratories, renowned research universities, and major corporations. The number of patents in energy storage materials and technologies is a key indicator of the competent and intense R&D prevalent in this market.
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“Consumers in the electronics and transportation segments are wary of the limitations of conventional energy storage technologies in reducing pollution,” notes Technical Insights Senior Research Analyst Rajaram Vijayan. “This environmental aspect in conjunction with the possible stringent regulations of various governing councils has aided the development of nanomaterials for energy storage applications.”
Consumer demand for hybrid electric vehicles is on the rise due to the environmental benefits associated with these vehicles as well as the different subsidies provided by the government.
All energy storage technologies are dependent on high energy density, which implies enormous amounts of energy stored within minuscule mass and volume. Such high energy density materials are anticipated to be hazardous compounds with concerns pertaining to their thermal, electrical, mechanical, and chemical stability. For example, cathode materials in lithium-ion batteries are often unstable at high temperatures and are likely to undergo exothermic degradation resulting in acceleration of ignition.
“It is imperative to select and develop materials appropriately in order to successfully exhibit their desired functionality in energy storage applications,” concludes Vijayan. “Moreover, maximization of effective surface area is necessary to balance the price as well as performance characteristics.”
Materials for Energy Storage: R&D Management, a part of the Technical Insights subscription, provides a detailed analysis of the technology landscape of energy storage materials along with a brief overview of their properties and manufacturing and regulatory standards. Furthermore, this research service includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants.
Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.
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Materials for Energy Storage: R&D Management
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SOURCE Frost & Sullivan