"Since Cloud Expo is running the week of June 10, we thought it'd be a great idea to schedule our Meetup this week. That way, if you have colleagues, friends, or family in town that week for the Expo, you can invite them to join you!" With those words, the OpenStack New York Meetup Group's organizer's launched a landing page this week where anyone interested can register for the June 12 evening event.| By PR Newswire | Article Rating: |
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| January 16, 2013 02:00 AM EST | Reads: |
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LONDON, Jan. 16, 2013 /PRNewswire/ -- Industrial applications represent substantial, untapped growth potential for lithium-ion batteries. The increasing need for cordless tools, data communication equipment and energy storage applications for renewable power will promote greater demand for lithium-ion batteries.
New analysis from Frost & Sullivan (http://www.powersupplies.frost.com), European Lithium-ion Battery Market for Industrial Applications, finds that the market earned revenues of $748.2 million in 2012 and estimates this to reach $1,644.2 million in 2017. The research covers the use of lithium-ion batteries in six key applications: industrial tools, medical devices, aerospace and defence, data collection, energy storage, and telecom and data communication.
"High energy density, light-weight, improved performance and long life-cycle are the key factors that motivate the use of lithium-ion batteries in industrial applications," noted Frost & Sullivan Energy and Power Supplies Industry Manager, Suba Arunkumar. "Such inherent advantages are highlighting their appeal, despite higher costs."
These features are also underlining the potential for lithium-ion batteries in energy storage applications. In 2012, back-up applications accounted for majority of the revenues. However, the contribution of residential and community energy storage systems is likely to pick up significantly after 2015.
"Incentives to promote renewable energy is driving market growth by increasing the need for self-consumption of the energy generated," added Arunkumar. "This will lead to heightened demand for lithium-ion batteries."
A key challenge for market participants is to address the high initial price, which could impede mass adoption in stationary applications.
"Owing to low unit shipments and it being a relatively new market, lithium-ion batteries are a little more expensive than existing, established chemistries like lead acid, nickel cadmium and nickel metal hydride," explained Arunkumar. "On reaching mass commercial volume, similar to consumer applications, the price of these batteries is expected to fall, pushing usage levels."
If you are interested in more information on this research, please send an email to Chiara Carella, Corporate Communications, at chiara.carella@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
European Lithium-ion Battery Market for Industrial Applications is part of the Power Supplies & Batteries Growth Partnership Service programme. Frost & Sullivan's related research services include: Global Thin-film Battery Market, Chinese Uninterruptible Power Supplies Market, and Global Inverter Market for Renewable Energy Systems. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
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European Lithium-ion Battery Market for Industrial Applications
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Contact:
Chiara Carella
Corporate Communications – Europe
P: +44 (0) 20 7343 8314
M: +44 (0) 753 3017689
E: chiara.carella@frost.com
SOURCE Frost & Sullivan
Published January 16, 2013 Reads 354
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In an ideal developer/systems administrator’s world, most applications would deploy seamlessly to multiple platforms and scale elastically with minimal effort bringing the unprecedented agility of the cloud within immediate reach of developer teams and IT organizations.
OpenStack, a RackSpace and NASA initiative, is now managed by an independent foundation and is supported by multiple vendors. It defines APIs for compute, storage, networking, services, monitoring, and additional infrastructure...
In his session at 12th Cloud Expo | Cloud Expo New York [June 10-13, 2013], Intel's Chris Black will review the background of Apache Hadoop, its application, and methods to accelerate data system clusters with Intel SSD technology. The session will overview the genius of Hadoop and provide an overview of the ecosystem landscape.
Cloud Expo/Big Data Expo delegates will learn how the Hadoop framework and SSD technology augment cloud data systems ranging from analytics to on-line transaction pro...
Cloud computing is transforming the way businesses think about and leverage technology. As a result, the general understanding of cloud computing has come a long way in a short time. However, there are still many misconceptions about what cloud computing is and what it can do for businesses that adopt this game-changing computing model.
In his General Session at the 12th International Cloud Expo, Gene Eun, Senior Director, Oracle Cloud at Oracle, will discuss and dispel some of the common myth...
SYS-CON Events announced today that Wowrack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
Wowrack’s core expertise lies in high-availability Private and Public Cloud IaaS Hosting Solutions. Wowrack provides a true Hybrid service – where business release all IT management and hardware provisioning – taking the data center and server system administrative headaches off our customer’s shoulders. ...
SYS-CON Events announced today that nfina Technologies, a provider of highly reliable cloud server products, will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
nfina Technologies develops, manufactures, and markets highly reliable cloud server products, designed to solve the most demanding data center requirements in mission-critical cloud applications. Nfina’s staff has decades of experience in co...
SYS-CON Events announced today that OpenStack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York. OpenStack software controls large pools of compute, storage, and networking resources throughout a datacenter, all managed by a dashboard that gives administrators control while empowering their users to provision resources through a web interface.
OpenStack powers some of the most widely-used SaaS app...
As enterprises deploy private IaaS clouds into production they are reevaluating their future application delivery models. SUSE and WSO2 believe that private PaaS will leverage the automation and scalability of Private IaaS solutions, such as OpenStack-based SUSE Cloud, to deliver the secure, standardized development environments that will make migrating to an agile, serviceoriented delivery model possible.
In their session at the 12th International Cloud Expo, Chris Haddad, VP of Technology Ev...
Organizations across the world are increasingly starting to see the benefits of moving more and more services to the cloud. The focus on the cost-saving potential of cloud is rapidly shifting to completely transforming the business with cloud. As organizations are investing enormous sums on technology they are starting to realize that in order to maximize the return on investment and accelerate the business transformation process the first area of focus should be people. By ensuring the organiza...
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