Related Links

  • Lux Research
  • Elsevier Ltd is not responsible for the content of external websites.

News

Micro-hybrids could create a US$6.9bn battery market in 2017

Micro-hybrids could grow nearly eight-fold to 39 million vehicles in 2017 and create a US$6.9 billion market for energy storage devices, according Lux Research.

By Kari Williamson

Micro-hybrids, which use a small battery to provide varying degrees of efficiency-boosting features, will dominate the automotive market, gaining 42% of the overall light-duty vehicle market.

Simultaneously, the mild hybrids — superior to micro-hybrids but not as efficient as pure hybrids – could rise from near-zero to 1.5m vehicles in 2017, accounting for 1.6% of the auto market, according to the report Every Last Drop: Micro- And Mild Hybrids Drive a Huge Market for Fuel-Efficient Vehicles.

“Micro-hybrids will take over the automotive market, while mild hybrids will leverage the excessive build-out of Li-ion capacity to grow,” says Kevin See, Lux Research Analyst and Lead Author of the report.

“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.”

To estimate adoption rates for micro-hybrids and mild hybrids, Lux researchers factored in the adoption of other fuel-saving technologies and modelled cost impact variations, besides estimating the costs of battery replacement and maintenance for the vehicles.

Lux' conclusions include:

  • Europe will lead with China and the US in tow. Europe will continue its leadership in the micro-hybrid market, growing over three-fold to 12.6m units in the next five years. China will see explosive 81% annual growth to reach 8.9m units in 2017 and the U.S. will zoom from miniscule levels today to over 8 million in 2017;
  • Medium micro-hybrids dominate. A low price premium, fuel savings of up to 10% and a relatively easier manufacturing process will propel medium micro-hybrids to the top of the alternative auto market over the next five years. These vehicles will grow at 36% CAGR to 22.2m vehicles in 2017, driven largely by the European market and automakers like Volkswagen;
  • AGM battery technology will grow nine-fold. Absorbed glass mat (AGM), lead-acid batteries will dominate the market for storage of micro-hybrids, growing at 46% annually to nearly US$4bn in 2017. In mild hybrids, Li-ion will carve out a niche, growing from near-zero to nearly US$570m in 2017, capturing a 47% market share among plug-in vehicles.

Share this article

More services

 

This article is featured in:
Energy storage including Fuel cells  •  Policy, investment and markets

 

Comments

ANUMAKONDA JAGADEESH said

02 February 2012
Yes. Micro-hybrids have great future.

Dr.A.Jagadeesh Nellore (AP), India
E-mail: anumakonda.jagadeesh@gmail.com

Note: The majority of comments posted are created by members of the public. The views expressed are theirs and unless specifically stated are not those Elsevier Ltd. We are not responsible for any content posted by members of the public or content of any third party sites that are accessible through this site. Any links to third party websites from this website do not amount to any endorsement of that site by the Elsevier Ltd and any use of that site by you is at your own risk. For further information, please refer to our Terms & Conditions.

Comment on this article

You must be registered and logged in to leave a comment about this article.