New Materials Driving Fit-and-Forget Devices in Various Industries
On Tuesday, January 30, 2024, the global trend of fit-and-forget devices is gaining traction. This trend is being driven by the use of new materials that are more durable and require less maintenance. One industry that is experiencing this shift is the electric vehicle market, where the use of new materials has resulted in vehicles with almost no maintenance needs. As a result, major manufacturers, such as Textron, have acquired companies that specialize in battery-powered vehicles.
Fit-and-forget parts in high demand
With the increase in unmanned deep mines and military investment, the demand for fit-and-forget parts has become more important than the initial cost. This is also driven by the focus on total cost of ownership. The use of new materials has also resulted in the development of long-lasting energy storage solutions, such as redox flow batteries and gravity storage lifting blocks, which can last up to 100 years with minimal repairs. These solutions are becoming increasingly important due to the need to store electricity for longer periods, caused by the rise of wind and solar power. For more information on this topic, see Zhar Research’s report, “Long Duration Energy Storage LDES Reality: Materials, Equipment Markets in 35 Lines, Technology Roadmaps, Manufacturers, Winners, Losers, Alternatives 2024-2044”.
Hybrid devices with new materials on the rise
The use of new materials is also revolutionizing the energy storage market, with the emergence of hybrid devices. These devices, such as hybrid-RFB and lithium-ion capacitors, combine different chemistries to create more efficient and durable solutions. These hybrid devices are being used in various industries, including transportation, energy storage, and defense. For example, LICs are being used in hydrogen-supercapacitor trains, fusion power, and electromagnetic weapons. To learn more about these hybrid devices and their potential impact, see Zhar Research’s report, “Supercapacitor, Pseudocapacitor, CSH and BSH Hybrid Market Forecasts in 26 Lines, 110 Manufacturers Appraised, Deep Technology Analysis, Roadmaps, Next Successes 2024-2044”.
New materials for everyday use
The development of new materials is also driving the trend towards everyday elements in energy storage solutions. This is seen in the decreasing use of expensive and toxic materials, such as vanadium, in redox flow batteries. Instead, manufacturers are opting for more cost-effective and environmentally friendly options, such as aqueous electrolytes and graphene electrodes. This trend is also evident in the shift towards battery-free storage solutions. For more information on this topic, see Zhar Research’s report, “Battery-Free Electrical Energy Storage and Storage Elimination MilliWh-GWh: Markets, Technologies 2024-2044”.
Solid state cooling and new electronics materials
The development of new materials is also impacting other industries, such as electronics and cooling. The emergence of solid-state cooling, using multifunctional smart materials, is becoming increasingly popular due to its energy efficiency and decreased use of expensive materials. In electronics, new materials, such as plasmonic graphene and chalcogenides, are being used to improve efficiency and functionality. This is especially important as the telecommunications industry moves towards higher frequencies. For more information on these topics, see Zhar Research’s reports, “Solid State Cooling Markets 2024-2044” and “6G Communications: Materials and Hardware Markets and Technology 2024-2044”.
The future of materials in various industries
The use of new materials is expected to continue to drive innovation and revolutionize various industries, such as energy storage, electronics, and telecommunications. The development of self-healing and multifunctional materials, as well as the use of everyday elements, is expected to bring added value to both suppliers and device manufacturers. For more insight into the future of materials and their impact, see Zhar Research’s reports, “Hydrogels: Future Technologies and Markets 2024-2044” and “Sensor Markets, Technologies, Companies 2024-2044: By Inputs, Modes, Applications, Patents, Manufacturers, Research, Roadmaps, Forecasts”.
For access to these reports and more, visit www.zharresearch.com and www.Giiresearch.com.
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