The Infinium Global Research analyzes the Micro-Hybrid Vehicle Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global micro-hybrid vehicle market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of micro-hybrid vehicle. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the micro-hybrid vehicle market during the period. The global micro-hybrid vehicle market is projected to grow at a CAGR of 19.58% over the forecast period of 2019-2025
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The Development of High-Performance Lithium-Ion Batteries is Projected to Offer Lucrative Opportunities to the Market Players
The major factor contributing to the growth of the micro-hybrid vehicle market is that the micro-hybridization of the vehicle is an economical method of enhancing fuel efficiency. Moreover, the growing preference for environment-friendly automobiles is likely to increase the demand for the micro-hybrid vehicle.
Furthermore, the high disposable income of the individuals boosts the growth of the micro-hybrid vehicle market. However, the longer time for charging the batteries and lower battery capacities is projected to be a key restraining factor for the micro-hybrid vehicle market. Nevertheless, the development of high-performance lithium-ion batteries is projected to offer lucrative opportunities to the market players.
Europe Held the Highest Market Share, Dominating the Global Micro-Hybrid Vehicle Market
Regionally, Europe held the highest market share, dominating the global micro-hybrid vehicle market. The dominance of the Europe market attributed to the increase in concerns to protect the environment and reducing greenhouse gas emissions. Moreover, the regulatory bodies of Europe have set emission targets, which is expected to boost the growth of the micro-hybrid vehicle market in this region.
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Micro-hybrid Vehicle Market: Segmentation
The micro-hybrid vehicle market is segmented by battery type, capacity and vehicle type. The battery type of micro-hybrid vehicle includes lead-acid and lithium-ion. Based on battery type, the lead-acid segment accounted for the highest share in the market owing to the required low maintenance, high power density, and ease of use.
The capacity of the micro-hybrid vehicle includes 12V micro-hybrid, 48V micro-hybrid, and other capacities. The 48V micro-hybrid segment among the capacity held the major share in the market. The vehicle type of micro-hybrid vehicle includes passenger vehicles and commercial vehicles. Among the vehicle type, passenger vehicles accounted for the largest market share owing to the growing demand for fuel-efficient vehicles and strict government regulations to curb the emissions.
Micro-Hybrid Vehicle Market: Competitive Analysis
The micro-hybridization requires lowest battery size. The micro-hybrid vehicle market is competitive and consolidated in nature. Only some of the market players hold a large amount of market share. The key market players including Audi AG, BMW AG, Toyota Motor Corporation, Nissan Motor Co., Ltd., Mazda Motor Corporation, General Motors Company, Daimler AG and others are highly investing in the development of improved batteries to enhance the performance of vehicles.
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=> Comprehensive analysis of global as well as regional markets of the micro-hybrid vehicle.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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