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Pricing Pressures
However, despite its many benefits, the major challenge for ultracapacitor manufacturers is likely to lie in reducing the overall cost of their technology. The adoption of any new technology is generally a slow process and this trend in the industry is in turn sustaining the high costs involved in manufacturing ultracapacitors, and low volumes particularly influence this high cost. Hence, the costs of ultracapacitors are completely dependent on their positive adoption by various end users across the globe.
"The high costs involved with ultracapacitors are significantly slowing down adoption and restraining full-fledged commercialization of these systems," explains Anu Abraham. "Nevertheless, manufacturers are undertaking innovative R&D efforts to address the shortcomings of the technology and it is essential to note that the prices per Farad range have significantly reduced enabling these devices to be competent enough to cater to the needs of a large commercial market."
Additionally, expecting an upturn in adoption, manufacturers are increasing their production capacities and revising their marketing strategies. This is, in fact, a cyclic response to the commercialization of ultracapacitors in all three end-user industries, namely transportation, industrial, and commercial applications.
Summing up, increased proliferation of advanced consumer and portable electronic devices is likely to have a positive impact on revenues in the world ultracapacitor market. The transportation sector is also emerging a very promising application segment and overall market penetration for ultracapacitors is likely to witness a steady growth trend until 2010.
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