This report analyzes the worldwide markets for Ultracapacitors in US$ Million by the following end-use application segments: Automotive, Industrial, and Consumer Electronics. The report provides separate comprehensive analytics for North America, Europe, and Rest of World. Annual Production forecasts are provided for each region for the period 2006 through 2015. The report profiles 41 companies including many key and niche players worldwide such as APowerCap Technologies, Axion Power International Inc., BatScap, Cellergy Ltd., CAP-XX Limited, EEStor, Inc., ELIT Co., Elna Co. Ltd., Enable IPC, EPCOS AG, ESMA, Maxwell Technologies, Inc., NEC TOKIN America, Inc., NESSCAP Co. Ltd., Nichicon Corporation, and Nippon Chemi-con. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

TABLE OF CONTENTS 

ULTRACAPACITORS	    	MCP-5051
A GLOBAL STRATEGIC BUSINESS REPORT


                                       CONTENTS



  I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       II-1
      Disclaimers                                                       II-2
      Data Interpretation & Reporting Level                             II-3
       Quantitative Techniques & Analytics                              II-3
      Product Definitions and Scope of Study                            II-3


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Ultracapacitors: At the Forefront of a New Era of Practical Usage II-1
       Table 1: Global Market for Alternative Energy Storage
       Solutions (2012P): Percentage Share Breakdown of Revenue  by
       Solution Type (includes corresponding Graph/Chart)               II-2
      Ultracaps: Future & Present Potential - A Straight Talk           II-3
       The Future                                                       II-3
        The Disruptive Potential of Ultracapacitors: A Futuristic
         Rumination                                                     II-3
       The Present                                                      II-4
        Ultracaps' Tango With Batteries: A Dance of Survival            II-4
      Noteworthy Market Trends & Issues                                 II-5
       Ultracapacitors as Replacement to Batteries: A Trend in the
        Making                                                          II-5
       A Review of the Current Scenario                                 II-5
        Outlook                                                         II-6
       Animated R&D Activity: Symbolic of the Industry's Effervescence  II-7
       Ultracapacitors Market on the Rise                               II-8
       Cost Benefits Drive Ultracapacitor Adoption                      II-8
        Table 2: Cost Comparison for Power Quality Technologies
        (2004): Breakup of Annual Costs ($/KW based on 20 second
        discharge) by Energy Storage Technology (includes
        corresponding Graph/Chart)                                      II-9
       Consumer Electronics & Energy Generation: Lucrative Markets
        to Mine                                                         II-9
       Heavy-Duty Hybrid Vehicles to Drive Market for Ultracaps in
        Transportation Sector                                           II-10
       Commoditization: A Key Strategy for Larger Market Players        II-10
       Ultracapacitors to Skirt Recessionary Pressures                  II-10
       Competitive Scenario                                             II-11
        Table 3: Worldwide Ultracapacitors Market (2008): Percentage
        Share Breakdown of Revenue by Leading Players - Nippon
        Chemi-Con, Panasonic (Formerly Matsushita), Maxwell
        Industries, NessCap, NEC/Tokin, Nichicon, Elna Co., Ltd (a
        part of Asahi Glass), Cap-XX, and ELIT Co (includes
        corresponding Graph/Chart)                                      II-11
       Market Challenges                                                II-12
        Emerging Battery Technologies                                   II-12
        High Price                                                      II-12

  2. PRODUCT OVERVIEW                                                   II-13
      Capacitors & “Capacitance”: A Rudimentary Overview                II-13
      Ultracapacitors: A Definition                                     II-13
      History & Evolution                                               II-13
      Working of an Ultracapacitor                                      II-14
      Product Characteristics                                           II-15
      Technology Insight                                                II-16
       Use of Carbon Nanotubes or Carbon Aerogels in Supercapacitors    II-16
       Energy & Power Density                                           II-18
       Types of Ultracapacitor                                          II-18
       Usage Benefits                                                   II-19
       Environmental Friendliness                                       II-19
      Product/Technology Challenges                                     II-19
      Ultracapacitors & Other Energy Storage Solutions: A
       Comparative Study                                                II-20
       Performance Index: Comparative Study of Key Energy Storage
        Devices                                                         II-21
       Ultracapacitors -Vs - Batteries                                  II-21
       Ultracapacitors-Vs-Traditional Capacitors                        II-23

  3. OVERVIEW OF END-USE APPLICATIONS                                   II-24
      A Primer                                                          II-24
      Major End-Use Applications                                        II-24
       Applications in Automotive/Transportation Industry               II-24
        Regenerative Braking                                            II-24
        Catalyst Preheating                                             II-25
        Key Benefits in Transportation Industry                         II-25
        Ultracapacitors in Hybrid Electric Vehicles                     II-25
        Few Noteworthy Applications                                     II-26
       Industrial Applications                                          II-26
        Benefits of Replacing Batteries with Ultracapacitors in
         Industrial Applications                                        II-27
        Special Focus On Application in Uninterruptible Power Supply
         (UPS) Systems                                                  II-27
       Consumer Electronics                                             II-28
        Select Application Areas                                        II-28
         Quick-Charge Applications                                      II-28
         Memory Backup Applications                                     II-28
         High Pulse-Power Applications                                  II-28

  4. REGIONAL MARKET OVERVIEW                                           II-29

  4a. NORTH AMERICA                                                     II-29
      A.Market Analysis                                                 II-29
        Outlook                                                         II-29
      B.Market Analytics                                                II-29
        Table 4: North American Recent Past, Current & Future
        Analysis for Ultracapacitors Market by End-Use  Application -
        Automotive, Industrial and Consumer Electronics Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    II-29

        Table 5: North American 10-Year Perspective for
        Ultracapacitors Market by End-Use Application -  Percentage
        Breakdown of Revenues for Automotive, Industrial, and
        Consumer Electronics Markets for  Years 2006, 2009 & 2015
        (includes corresponding Graph/Chart)                            II-30

  4b. EUROPE                                                            II-31
      A.Market Analysis                                                 II-31
        Outlook                                                         II-31
        Focus on Renewable Energy Augurs Well for Ultracapacitors
         Market in Europe                                               II-31
         Table 6: European Market for Alternative Energy  Storage
         Solutions (2008): Percentage Share Breakdown  of Revenue by
         Solution Type (includes corresponding Graph/Chart)             II-31
      B.Market Analytics                                                II-32
        Table 7: European Recent Past, Current & Future  Analysis
        for Ultracapacitors by End-Use Application - Automotive,
        Industrial and Consumer Electronics  Markets Independently
        Analyzed with Annual Revenues  in US$ Million for Years 2006
        through 2015  (includes corresponding Graph/Chart)              II-32

        Table 8: European 10-Year Perspective for Ultracapacitors by
        End-Use Application - Percentage Breakdown of Revenues for
        Automotive, Industrial, and Consumer Electronics Markets for
        Years 2006, 2009 & 2015  (includes corresponding
        Graph/Chart)                                                    II-32

  4c. REST OF WORLD                                                     II-33
      A.Market Analysis                                                 II-33
        Outlook                                                         II-33
        Focus on Select Regional Markets                                II-33
         China                                                          II-33
          Chinese Supercapacitor Market to Witness                      II-33
          Robust Growth                                                 II-33
           Table 9: Chinese Market for Supercapacitors (2008):
           Percentage Share Breakdown of Revenue by Type                II-33
          Practical Applications                                        II-34
          Imports: An Essential Part in the Chinese Supercapacitor
           Industry                                                     II-34
         Taiwan                                                         II-34
      B.Market Analytics                                                II-35
        Table 10: Rest of World Recent Past, Current & Future
        Analysis for Ultracapacitors by End-Use Application -
        Automotive, Industrial and Consumer Electronics  Markets
        Independently Analyzed with Annual Revenues  in US$ Million
        for Years 2006 through 2015  (includes corresponding
        Graph/Chart)                                                    II-35

        Table 11: Rest of World 10-Year Perspective for
        Ultracapacitors by End-Use Application - Percentage
        Breakdown of Revenues for Automotive, Industrial,  and
        Consumer Electronics Markets for Years 2006,  2009 & 2015
        (includes corresponding Graph/Chart)                            II-35

  5. RECENT INDUSTRY ACTIVITY                                           II-36
      GS Caltex Inks Agreement with Nippon Oil to Establish JV          II-36
      Maxwell Signs MoU with ISE for Developing High-Volt Energy
       Storage Solutions                                                II-36
      Argonne, Gold Peak Battery and Maxwell to Collaborate with
       other OEMs                                                       II-36
      Mouser Electronics and Maxwell Technologies Ink Distribution
       Agreement                                                        II-37
      Maxwell Technologies Bags Orders for BMOD0165 P048
       Ultracapacitor Modules                                           II-37
      Maxwell Technologies Bags Contract from Vanner                    II-37
      SolRayo Inaugurates a New Plant in Madison                        II-38
      Tecate Receives Recognition for PowerBurst Ultracapacitor
       Modules and Cells                                                II-38
      Enable IPC Fulfills Contract with IMDEA Energia                   II-39
      Graphene Energy Raises Seed Capital for Commercializing
       Graphene-Ultracap Technology                                     II-39
      Wealth Bridge to Acquire Stake in Nesscap                         II-39
      Arsenal Capital to Take Over Ferro Corporation's Fine Chemicals   II-39
      Enable IPC Takes Over SolRayo                                     II-40
      Triangle Capital Invests in Novolyte Technologies                 II-40
      Maxwell Technologies to Collaborate with Mercedes for Hybrid
       Power Train                                                      II-40
      Enable IPC Enters Into Partnership with IMDEA Energy Institute    II-41
      Lockheed Martin Inks Agreement with EEStor                        II-41
      Woojin Chooses Boostcap(R) Ultracapacitor Modules of Maxwell        II-41
      LTi REEnergy Selects Maxwell Technologies' Ultracapacitors        II-42
      Golden Dragon Bus Chooses Maxwell Technologies' BOOSTCAP(R)
       Ultracapacitors                                                  II-42
      CAP-XX Inks a Deal with Murata                                    II-43
      Continental Selects Maxwell Technologies' BOOSTCAP(R)
       Ultracapacitors                                                  II-43
      Arrowhead Announces Establishment of Agonn Systems Corporation    II-44
      APowerCap Technologies Establishes Pilot Production Facility
       in Ukraine                                                       II-44
      Batscap Inaugurates Its Industrial Manufacturing Facility at
       Ergué-Gabéric                                                    II-44
      Maxwell Technologies Receives ISO TS 16949 Certification for
       Ultracapacitor Production Facility                               II-44
      ECA Introduces Program to Promote Ultracapacitors in
       Generating Renewable Energy                                      II-45
      KEMET Corp. Takes Over Arcotronics Italia SPA                     II-45
      AVX Corp. Completes American Technical Ceramics Acquisition       II-45
      KEMET Corp. Acquires Stake in Evox Rifa Group Oyj                 II-45

  6. PRODUCT LAUNCHES/INNOVATIONS                                       II-46
      Solrayo Introduces New Ultracapacitor                             II-46
      Nesscap Launches Line of Cylindrical Ultracapacitor Cells         II-46
      CapComp Presents a Pair of New Ultracapacitor Modules             II-46
      ON Semiconductor Introduces 4-Amp Supercapacitor LED Flash Driver II-47
      Maxwell Technologies Introduces BOOSTCAP(R) Ultracapacitors         II-47
      FDK Launches ECM15P Range Ultracapacitor Modules for Automobiles  II-47
      University of Texas Develops CMG, a New Grade of Carbon Material  II-48
      Tecate Introduces CAP-XX's G Series Supercapacitors               II-48
      Panasonic Launches Advanced Double Layer Capacitors               II-49
      BatScap Announces Commercial Launch of Supercapacitors            II-49
      Maxwell Technologies Unveils 48-Volt BOOSTCAP(R) Ultracapacitor
       Module                                                           II-50
      Maxwell Technologies Launches 16-Volt BOOSTCAP(R) Ultracapacitor
       Modules                                                          II-50
      Maxwell Technologies Introduces HTM Ultracapacitor Module         II-51
      Illinois Capacitor Unveils DLR Series                             II-51
      Analogic Tech Unveils an IC for Supercapacitors                   II-51
      Maxwell Technologies Launches 75-volt BOOSTCAP Ultracapacitor
       Module                                                           II-52
      Advanced Capacitor Technologies & JEOL Develop New Supercapacitor II-52
      Maxwell Introduces 125-V HTM BMOD0063-P125 Ultracapacitor Modules II-52

  7. FOCUS ON SELECT GLOBAL PLAYERS                                     II-54
      APowerCap Technologies (Ukraine)                                  II-54
      Axion Power International Inc. (US)                               II-54
      BatScap (France)                                                  II-54
      Cellergy Ltd. (Israel)                                            II-54
      CAP-XX Limited (Australia)                                        II-55
      EEStor, Inc. (USA)                                                II-55
      ELIT Co. (Russia)                                                 II-55
      Elna Co. Ltd. (Japan)                                             II-55
      Enable IPC (US)                                                   II-55
      EPCOS AG (Germany)                                                II-56
      ESMA (Russia)                                                     II-56
      Maxwell Technologies, Inc. (USA)                                  II-56
      NEC TOKIN America, Inc. (USA)                                     II-56
      NESSCAP Co. Ltd. (South Korea)                                    II-57
      Nichicon Corporation (Japan)                                      II-57
      Nippon Chemi-con (Japan)                                          II-57

  8. GLOBAL MARKET PERSPECTIVE                                          II-58
      Table 12: World Recent Past, Current & Future Analysis for
      Ultracapacitors by Geographic Region - North America, Europe,
      and Rest of World Markets Independently Analyzed with Annual
      Revenues in US$ Million for Years 2006 through 2015 (includes
      corresponding Graph/Chart)                                        II-58

      Table 13: World 10-Year Perspective for Ultracapacitors by
      Geographic Region - Percentage Breakdown of Revenues for North
      America, Europe, and Rest of World Markets for Years 2006,
      2009 & 2015 (includes corresponding Graph/Chart)                  II-59
      By Application                                                    II-60
      Table 14: World Recent Past, Current & Future Analysis for
      Ultracapacitors in Automotive Application by Geographic Region - 
      North America, Europe, and Rest of World Markets
      Independently Analyzed with Annual Revenues in US$ Million for
      Years 2006 through 2015 (includes corresponding Graph/Chart)      II-60

      Table 15: World 10-Year Perspective for Ultracapacitors in
      Automotive Application by Geographic Region - Percentage
      Breakdown of Revenues for North America, Europe, and Rest of
      World Markets for Years 2006, 2009 & 2015 (includes
      corresponding Graph/Chart)                                        II-61

      Table 16: World Recent Past, Current & Future Analysis for
      Ultracapacitors in Industrial Application by Geographic Region - 
      North America, Europe, and Rest of World Markets
      Independently Analyzed with Annual Revenues in US$ Million for
      Years 2006 through 2015 (includes corresponding Graph/Chart)      II-62

      Table 17: World 10-Year Perspective for Ultracapacitors in
      Industrial Application by Geographic Region - Percentage
      Breakdown of Revenues for North America, Europe, and Rest of
      World Markets for Years 2006, 2009 & 2015 (includes
      corresponding Graph/Chart)                                        II-63

      Table 18: World Recent Past, Current & Future Analysis for
      Ultracapacitors in Consumer Electronics Application by
      Geographic Region - North America, Europe, and Rest of World
      Markets Independently Analyzed with Annual Revenues in US$
      Million for Years 2006 through 2015 (includes corresponding
      Graph/Chart)                                                      II-64

      Table 19: World 10-Year Perspective for Ultracapacitors in
      Consumer Electronics Application by Geographic Region -
      Percentage Breakdown of Revenues for North America, Europe,
      and Rest of World Markets for Years 2006, 2009 & 2015
      (includes corresponding Graph/Chart)                              II-65


 III. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 41 (including Divisions/Subsidiaries - 44)

     ------------------------------------------
     Region/Country                     Players
     ------------------------------------------
     The United States                     22
     Canada                                 1
     Japan                                  9
     Europe                                 5
        France                              1
        Germany                             2
        Rest of Europe                      2
     Asia-Pacific (Excluding Japan)         6
     Middle East                            1
     ------------------------------------------