Pune, India, May, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on global Micro-Hybrid Vehicles Market. The Micro-Hybrid Vehicles Market is expected to expand at ~ 12% CAGR during the period 2017 to 2023.
The micro-hybrid vehicles market is expected to be majorly driven with the introduction of second-generation micro-hybrid systems, which include features such as energy regeneration and harvesting. Furthermore, many manufacturers are developing micro-hybrid systems with advanced concepts such as shutting off the engine at times of coasting and keeping the air conditioning running when the engine is not under function. Also, these vehicles are incorporated with mild levels of boost from batteries during acceleration.
Furthermore, these vehicles are gaining importance owing to the numerous benefits provided by these micro-hybrid vehicles, such as prolonged engine life and added environment- friendliness of vehicles. Micro-hybrid vehicles are becoming one of the cheapest and easiest solutions for fuel and emissions-efficient passenger vehicles, owing to the incorporation of start-stop system and regenerative braking systems in them.
Market Research Analysis
By battery type, the market has been segmented as Lead-acid, Lithium-ion and others. Amongst these, lithium-ion is expected to dominate the market over the forecast period. Lithium-ion batteries are being extensively used in micro-hybrid vehicles. Lithium-ion batteries possess superior energy, power density and cycling ability. The lithium-ion battery is considered core technology as it is lightweight and has high energy density, high power, long life, low self-discharging rate, and wide temperature range. However, the disadvantages of Li-ion batteries are their high cost and safety concerns.
Based on vehicle type, the market has been segmented as passenger vehicle and commercial vehicle. Among them, the commercial vehicles segment is expected to dominate the growth of the market as the use of regenerative braking systems in these vehicles will ensure longer life for the brake discs and pads of the vehicles by protecting them from wear and tear.
Scope of the Report
This study provides an overview of the global micro-hybrid vehicles market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global micro-hybrid vehicles market by battery type, capacity, vehicle type and regions.
The prominent players in the Micro-Hybrid Vehicles Market include 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 (U.K.), Mazda Motor Corporation (Japan), and Porsche AG (Germany) are among others.