As Global Sales for Stop-Start Vehicles Grow, Lead-Acid Batteries Are Expected to Maintain Leading Energy Storage Technology Market Share, According to Navigant Research
By Business Wire News
By Business Wire News
A new report from Navigant Research analyzes the opportunities and challenges present in the global market for light duty stop-start vehicles (SSVs), including global market forecasts for light duty SSVs, segmented by technology and region, through 2024.
Basic stop-start systems, which automatically stop a car’s engine to prevent long idling times, are emerging as one piece of a complex approach to improving fuel economy in light duty vehicles. For recovering, storing, and reusing energy in an SSV, advanced versions of the lead-acid battery are currently the market’s leading energy storage technology, and this is expected to continue through the forecast period. Click to tweet: According to a recent report from Navigant Research, 90% of the light duty SSVs sold globally in 2024 are expected to feature a lead-acid battery.
“The primary driver for manufacturers to produce SSVs is the increasingly challenging legislation on fuel consumption and emissions in most areas of the world,” says David Alexander, senior research analyst with Navigant Research. “Vehicle manufacturers now have to meet strict average fuel economy targets and other measures or face heavy financial penalties, and stop-start technology can help reach these targets.”
With these increasing restrictions on vehicle emissions, manufacturers are looking for the most cost-efficient solutions, and upgraded lead-acid batteries such as valve-regulated lead-acid (VRLA), enhanced flooded batteries (EFBs), and absorbed glass mat (AGM) are currently the best option, according to the report. While lithium ion batteries and ultracapacitors do offer some performance benefits, the overall cost still favors lead-acid chemistry for the high-volume markets.
The report, Stop-Start Vehicles, analyzes the opportunities and challenges present in the global market for light duty SSVs. The study examines the major components of stop-start systems, with a focus on the technologies used for energy storage, including lead-acid batteries, lithium ion (Li-ion) batteries, and ultracapacitors. Global market forecasts for light duty SSVs, segmented by technology and region, extend through 2024. The report also contains profiles of the key market players and detailed analyses of the benefits and market drivers and barriers related to light duty SSVs. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is an independent specialized, global professional services firm that combines deep industry knowledge with technical expertise to enable companies to defend, protect and create value. With a focus on industries and clients facing transformational change and significant regulatory and legal issues, the Firm serves clients primarily in the healthcare, energy and financial services sectors which represent highly complex market and regulatory environments. Professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolutions services and business process management services. The Firm provides services to companies, legal counsel and governmental agencies. The business is organized in four reporting segments – Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare; and Energy. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Stop-Start Vehicles, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.