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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Micro-hybrid Vehicle Market
Request Now !Hybrid electric vehicles or HEVs are a type of electric vehicles, which combine an electric propulsion system. A micro-hybrid vehicle uses “start-stop system” where regenerative braking technology helps to stop a combustion engine when the vehicle pulls to a stop, and to restart it when the driver accelerates. Micro hybrid vehicles are useful in cutting fuel consumption and the hazardous vehicular emissions. There are several different versions of the system, which are now being called as the “simplest hybrid technology” in the international market. Micro-hybrid manufacturers claim the cars can deliver 5-10% better fuel economy and therefore lower tailpipe emissions. Thus, micro-hybrid vehicles provide numerous benefits as compared to the conventional fuel-consuming vehicles.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Capacity, Vehicle Type, Battery Type |
Regions covered | North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East and Africa |
Companies covered | Audi AG, General Motors Company, BMW AG, Toyota Motor Corporation, Daimler AG, Fuji Motor Corp, Hyundai Motor Company, Fiat Automobiles S.P.A., Jaguar Land Rover, Nissan, Mahindra & Mahindra, Porshe Ag and Mazda Motor Corporation |
Covid-19 Scenario Analysis
The significant factors impacting the growth of global micro hybrid vehicle market are reduce in greenhouse gas emission and enhancing the fuel efficiency of the vehicles. However, reliability issues of battery terminals hampers the growth of global micro hybrid vehicle market. On the other hand, vast improvements in battery technology and cost reductions provides an opportunity to global micro hybrid vehicle market to grow in near future.
Micro hybrid cars can emit 46% less greenhouse gases than regular vehicles. Micro hybrid vehicles have energy management functions like idle stop and start which emit less gases. Reduce in greenhouse gas emission results in the growth of micro hybrid vehicle market.
Micro hybrid vehicles have very important feature of start-stop function. Start-stop systems could help to reduce exhaust pipe emissions. Reduction in the emissions through pipe boosts the fuel efficiency of vehicles. Thus improved fuel efficiency leads to the growth of micro hybrid vehicle market in near future.
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Key benefits of the report:
Questions answered in the global automotive foam market research report:
Key Market Segments
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Key Market Players
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