Green, smarter chargers will be the future of supercharging technologies, finds Frost & Sullivan's TechVision team
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:
"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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