Mild Hybrid Vehicles Market is Projected to Witness 4.8% CAGR by 2030

Pune, India, July 2019/MRFR Press Release Market Research Future Published a Half-Cooked Research Report on the Global Mild Hybrid Vehicles Market.

Market Highlights

A mild hybrid vehicle is a combination of a conventional gasoline vehicle and a fully electric vehicle as they are designed to boost performance while reducing fuel use. This type of vehicle uses a smaller battery and a motor-generator that can both create electricity and help boost the gas engine’s output. The motor-generator uses stored electricity to apply torque to the engine, increasing its output without burning additional fuel. On the other hand, the vehicle uses the gasoline engine while coasting or cruising as the gasoline engine spins the motor-generator to create electricity that recharges the battery.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Mild Hybrid Vehicles Market Research Report

The global mild hybrid vehicles market is segmented based on capacity, vehicle type, battery type, and region. On the basis of capacity, the global mild hybrid vehicles market has been segmented into 12 V, 12 V to 24 V, and more than 24 V. On the basis of vehicle type, the global mild hybrid vehicles market has been divided into passenger cars and commercial vehicle. On the basis of battery type, the global mild hybrid vehicles market has been segmented into lithium-ion, lead-acid, and others.

The global mild hybrid vehicles market is primarily driven by factors such as the increasing environmental awareness regarding the impact of exhaust emissions, continuous reduction in battery price, and government standards and regulations for boosting the mild hybrid vehicles sale. However, the rising demand for battery electric vehicles and fuel cell electric vehicles is expected to hamper the growth of mild hybrid vehicles market over the forecast period.

Key Players

Some of the major players operating in the global mild hybrid vehicles market are Peugeot Sa (France), Suzuki Motor Corporation (Japan), Volkswagen Ag (Germany), Tesla Motors Incorporated (US), Toyota Motor Corporation (Japan), Renault–Nissan–Mitsubishi Alliance (Netherland), Daimler Ag (Germany), Fiat Spa (Italy), Ford Motor Company (US), General Motors Company (US), Honda Motor Company Limited (Japan), Groupe PSA  (France), Hyundai Motor Company  (South Korea), BYD Co. Ltd  (China), and AB Volvo (Sweden).

Drivers: Global Mild Hybrid Vehicles Market
 

Market Research Analysis

In terms of region, the global market for mild hybrid vehicles is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Europe is expected to lead the global mild hybrid vehicles market during the forecast period. This growth is due to the relatively stringent emission standards, fuel efficiency, and government incentives. Furthermore, the increasing demand for hybrid vehicles, as the mild hybrid vehicles have better fuel efficiency than the traditional vehicles, and rapid rise in the petroleum prices and the growing operational costs of the conventional vehicles.

Scope of the Report

This study provides an overview of the global mild hybrid vehicles market, tracking three market segments across four geographic regions. The report studies key players and provide a six-year annual trend analysis, which highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, which focuses on the market opportunities for the next six years for each region. The scope of the study segments the global mild hybrid vehicles market by capacity, vehicle type, battery type, and region.

• By Capacity
  
  
  
  • Up to 12 V
  
  
  • 12 V to 24 V
  
  
  • More than 24 V
  
  
  
  

• By Vehicle Type
  
  
  
  • Passenger Cars
  
  
  • Commercial Vehicle
  
  
  
  

• By Battery Type
  
  
  
  • Lithium-Ion
  
  
  • Lead-Acid
  
  
  • Others
  
  
  
  

• By Regions
  
  
  
  • North America 
  
  
  • Asia-Pacific 
  
  
  • Europe
  
  
  • Rest of the World