Micro-hybrids to grow to 39 million vehicles in 2017

micro-hybrid-vehicles

Micro-hybrids to grow to 39 million vehicles in 2017


By
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
mild-hybrids market.

Lux Research
forecasts that Micro-hybrids will dominate the automotive market, gaining 42
percent of the overall light-duty vehicle market.

The mild
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.

“Micro-hybrids
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.

Medium
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.

Europe will
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.

Absorbed
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
vehicles.

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.

editor@greentechlead.com