Micro-hybrids to Grow to 39 Million Vehicles in 2017, Creating a $6.9 Billion Battery Market

Micro-hybrids will grow nearly eight-fold to 39 million vehicles in 2017 and create a $6.9 billion market for energy storage devices as the fuel-saving alternative technology finds ready adoption, driven by stricter emission standards, according to a Lux Research report titled, "Every Last Drop: Micro- And Mild Hybrids Drive a Huge Market for Fuel-Efficient Vehicles." "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."
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 — will rise from near-zero to 1.5 million vehicles in 2017, accounting for 1.6% of the auto market.
 

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

EagleView Technologies - 360° Views; CAD Delivered

EagleView Technologies - 360° Views; CAD Delivered

EagleView Technologies offers Pictometry® Intelligent Images® and analytical tools for 360° views of every property. After closing the sale, Solar Roof Reports deliver detailed measurements and CAD files for precise solar installation. Learn more at www.eagleview.com/solar