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Global Micro-Hybrid Vehicles Market ‚ Growth, Trends, and Forecast (2020 - 2025)

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Technological Developments Such as Lithium-Ion Batteries to Drive the Market

While the conventional micro-hybrid technology relies on just a simple stop-start system for the enginesecond-generation micro-hybrid systems incorporate features, such as energy regeneration and harvesting. The premium to be paid for a micro-hybrid purchase is nominal for each vehicle. The next generation of micro-hybrid systems has started emerging, where advanced concepts, such as shutting off the engine during coasting (not just when stopped), and useful features, like keeping the air conditioning running when the engine is not functioning, as well as, some mild levels of boost from the batteries during acceleration, are incorporated.

The development of high-performance lithium-ion batteries is expected to help drive the micro-hybrid vehicle market significantly during the forecast period. These vehicles have small batteries and motors that do not require any technical modification or requirements for battery manufacturing other than what is required for hybrid and electric vehicles.

European countries are expected to dominate the global micro-hybrid market in terms of shipment of unit sales, with a share of 45% by the end of 2020.The concerns to protect the environment and reducing greenhouse gas emissions, especially carbon dioxide, will play a major role in driving the growth of the market. The fall in the prices of fuel has had an adverse impact on the choice of fuel-efficient vehicles, thereby posing some challenges to the micro-hybrid vehicle market.

                   

Market Segmentation

The market is segmented by capacity, vehicle type, battery type, and geography.

Key Developments

Key Industry Players

Some of the key players in the market are Audi, BMW, Daimler, Hyundai, Nissan, and Porche.

Reasons to Purchase the Report

  • To study the current and future market in the developed and emerging regions.
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