Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Micro-hybrid vehicles market

Micro-Hybrid Vehicles Market 2019
Micro-Hybrid Vehicles Market Share, Size, Trends, And Business Opportunity Analysis Report
2019 include historic data, with forecast data to 2023. Micro-Hybrid Vehicles Market report is
helpful for future strategy development, and to know about Market Drivers, Restraints,
Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
Global Micro-Hybrid Vehicles Market Research Report by Battery Type (Lead-acid, Lithium-ion,
Others), by capacity (12V Micro-Hybrid, 48V Micro-Hybrid, Others), by Vehicle type (Passenger
vehicles, Commercial Vehicles) and by Region - Forecast Till 2023
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Market Overview:
Technological advancement in the automotive sector is leading to the development of multiple
systems that are energy efficient and are positively tested for enhancing the functioning and
performance of automobiles. The paradigm shift to electric propulsion systems is aiding the
development of micro-hybrid vehicles. Market Research Future (MRFR) has published a report
stating that the global micro-hybrid vehicles market is marked to expand significantly at a CAGR
of 12% During the forecast period of 2017-2023.
Key players:
The major players profiled by MRFR that are operating in the global micro-hybrid vehicles market
are Audi AG (Germany), BMW AG (Germany), Daimler AG (Germany), Subaru (Japan), Hyundai
Motor Company (South Korea), and Kia Motors Corporation (South Korea). Mahindra and
Mahindra Limited (India), Jaguar Land Rover Automotive PLC (the U.K.), Mazda Motor
Corporation (Japan), Porsche AG (Germany) and others.
Market Drivers and Restraints:
The ability of micro-hybrid vehicles to automatically shut down the internal combustion engine
when kept in idle, aids is reducing the fuel consumption by the engines. Hence, increasing
demand for fuel-efficient vehicles as a result of increasing fuel prices and government regulation
regarding the emission rate of vehicles is leading to the rapid adoption of micro-hybrid vehicles,
which in turn is propelling the growth of the global micro-hybrid vehicles market.
Rapid development in automotive sector and increasing adoption of electric vehicles are some
other factors that are driving the growth of the global micro-hybrid vehicles market. Introduction
of second generation micro-hybrid systems for energy regeneration and harvesting is impacting
positively on the expansion of the global micro-hybrid vehicles market. However, high cost of
micro-hybrid systems is likely to restrain the growth of the global micro-hybrid vehicles market
during the forecast period.