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Micro-Hybrid Vehicles Market 2018
Micro-Hybrid Vehicles Market Share, Size, Trends, And Business Opportunity Analysis
Report 2018 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 Synopsis
Micro-hybrid vehicles have the lowest battery size and they extensively support the start
stop function in an automobile. The battery can be recharged very quickly using
regenerative braking systems.
The growth of the market is majorly driven by the development of high-performance
lithium-ion batteries. These vehicles possess small batteries and motors that do not require
technical requirements for manufacturing battery. Micro hybrid vehicles are also gaining
importance among consumers and manufacturers as a means of economically enhancing
the fuel efficiency of automobiles and also keeping in control, the overall cost of vehicles.
Improvements in battery technology and cost reduction are complementing developments
in the field of micro hybrid vehicles.
The increased focus of manufacturers on cost-reduction is leading to the development of
micro hybrid vehicles with lead-acid batteries. These batteries have design enhancements,
which improve the overall life cycle of the vehicle and enable them to perform start stop
function at minimal cost. Therefore, it can be said that the development of high capacity
lithium ion batteries is expected to fuel the growth of the market over the forecast period.
The advanced generation micro hybrid vehicles have features such as energy harvesting
and regeneration, which help keep the air conditioning running when the engine is not
under function.
Micro-Hybrid vehicles market has seen remarkable growth in the global market and
it has been observed that, it is expected to expand with the CAGR of ~12 %.
Market Segmentation: