LONDON, Feb. 28, 2017
/PRNewswire/ -- Aggressive marketing efforts have ensured high
visibility for fast-charging applications. However, using
supercharging as a selling point has meant that the hype has
outpaced research efforts. Once the technology matches the most
demanding customer expectations, the intensity of marketing
messages will fade. Current innovations have focused on
analytics and making chargers more personalized to improve
the efficiency and life of batteries.
"Technology growth will be driven by the convergence of charging
protocols that support synchronous and asynchronous
communications, enabling businesses and users to choose simple,
but more powerful charging tools," noted Frost & Sullivan
TechVision Research Analyst Hafiz
Amin. "Intelligent, personalised chargers that combine
analytics, machine learning and advanced automation
will be the next generation of chargers. Developers will also scale
vertically by developing batteries with faster charging processes
and higher capacity."
Supercharging Within Minutes: Opportunities in Key
Application Sectors, recent research from Frost &
Sullivan's TechVision (Information &
Communication) Growth Partnership Service program, finds that
the regional hot spots for fast charging related to consumer
electronics (CE) are North
America and Asia-Pacific
because of the presence of many multinational corporations involved
in R&D. For fast charging related to electric vehicles
(EVs), Asia-Pacific and
Europe are the innovation leaders
due to high government support.
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Although supercharging is making rapid strides, it is still a
relatively nascent technology, battling typical challenges such as
high costs and unstable mechanism. For instance, public direct
current (DC) and EV supply equipment (EVSE) may cost up to
$80,000 per station, which is
almost 500 percent more than a level-2 charger. The biggest
item of expenditure is charge station hardware, which accounts for
nearly 43.75 percent of the total cost.
These challenges notwithstanding, companies have been making
significant headway in supercharging technology, rolling out many
cutting-edge products. Some of the prominent companies and their
innovations include:
- Proterra: Developed an overhead fast-charging
configuration for electric buses. It is eight times faster
than the CHAdeMO protocol and three times faster than
Tesla Supercharger
- Posicharge: Developed an intelligent fast charger for
material handling equipment
- LyteSystem: Developed a battery that can fully charge a
2550mAh battery within 10 minutes
- Enavate: Developed an ultrafast charging battery that
can charge up to 90 percent in just 15 minutes
- Qnovo: Developed algorithms known as Adaptive Pulse
Modulation™ that optimize charging current for each cell to
minimise the charging time
"Future product innovations will be aimed at delivering seamless
and connected user experiences in a smarter, greener environment,"
noted Amin. "Innovators are looking to embed new product
capabilities and user experiences to stoke demand and user-base
expansion. This will also drive energy ownership, which is
an offshoot of the Smart Cities concept, wherein instead of
plug and play, users will plug, learn and play."
About TechVision
Frost & Sullivan's global
TechVision practice is focused on innovation, disruption and
convergence, and provides a variety of technology-based alerts,
newsletters and research services as well as growth consulting
services. Its premier offering, the TechVision program, identifies
and evaluates the most valuable emerging and disruptive
technologies enabling products with near-term potential. A unique
feature of the TechVision program is an annual selection of 50
technologies that can generate convergence scenarios, possibly
disrupt the innovation landscape, and drive transformational
growth. View a summary of our TechVision program by clicking on the
following link: http://ifrost.frost.com/TechVision_Demo.
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Corporate Communications – Europe
P: +39.02.4851 6133
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SOURCE Frost & Sullivan