Greentech Lead Team:
Micro-hybrids will grow nearly eight-fold to 39 million vehicles in 2017 and
create a $6.9 billion market for energy storage devices. Stricter emission
standards and fuel savings will drive this rapid growth of micro- and
forecasts that Micro-hybrids will dominate the automotive market, gaining 42
percent of the overall light-duty vehicle market.
hybrids, superior to micro-hybrids but not as efficient as pure hybrids, will
rise from near-zero to 1.5 million vehicles in 2017, accounting for 1.6 percent
of the auto market.
will take over the automotive market, while mild hybrids will leverage the
excessive build-out of Li-ion capacity to grow. Micro-hybrids and, to a lesser
extent, mild hybrids, provide a cost-effective solution to fuel savings to
bridge the gap to more disruptive technologies like alternative fuels, plug-in
vehicles, and fuel cell vehicles,” said Kevin See, Lux research analyst and
lead author of the report.
micro-hybrids vehicles will grow at 36 percent CAGR to 22.2 million to the top
of the alternative auto market over the next five years.
continue its leadership in the micro-hybrid market, growing over three-fold to
12.6 million units in the next five years. China will experience an 81 percent
annual growth to reach 8.9 million units in 2017 and the U.S. will adopt 8
million in 2017.
glass mat (AGM), lead-acid batteries will dominate the market for storage of
micro-hybrids, growing at 46 percent annually to nearly $4 billion in 2017. In
mild hybrids, Li-ion will carve out a niche, growing from near-zero to nearly
$570 million in 2017, capturing a 47 percent market share among plug-in
According to a recent ABI Research report, the battery module market for hybrid and electric vehicles is expected
to grow from about $5 billion in 2010 to $47 billion in 2020, representing a
healthy CAGR of 25 percent over 10 years.