Micro Hybrid Vehicles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
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<strong>Micro</strong> <strong>Hybrid</strong> <strong>Vehicles</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>,<br />
<strong>Growth</strong>, <strong>Trends</strong>, <strong>and</strong> <strong>Forecast</strong> <strong>2017</strong> - <strong>2025</strong><br />
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<strong>Hybrid</strong> electric vehicles or HEVs are a type of electric vehicle which combine an electric propulsion system<br />
i.e. a hybrid vehicle drive-train with the traditional; internal combustion engine. . <strong>Hybrid</strong> electric vehicles are<br />
essentially of three types, namely: full hybrid vehicles, mild hybrid vehicles <strong>and</strong> micro hybrid vehicles.<br />
.Among these, the micro hybrid vehicles which are also known as start-stops systems have the lowest battery<br />
size as they support only in the start stop function. The battery offers support to the auxiliary circuits for<br />
controlling the climate <strong>and</strong> the vehicle makes uses of regenerative braking to recharge the battery quickly. In<br />
micro hybrids, the vehicle is capable of automatically shutting down the engine when kept in idle, thereby<br />
helping to reduce the amount of time spent by the engine idling.<br />
<strong>Micro</strong> hybrid vehicles are useful in cutting fuel consumption <strong>and</strong> the hazardous vehicular emissions <strong>and</strong> thus<br />
provide numerous benefits as compared to the conventional fuel consuming vehicles. The operating costs<br />
associated with these vehicles are also comparatively low than the fuel based automobiles. Thus, owing to<br />
the aforementioned reasons <strong>and</strong> factors such as incorporation of regenerative braking <strong>and</strong> start-stop system,<br />
micro hybrid vehicles are increasingly becomes one of the easiest <strong>and</strong> cheapest solutions for the fuel <strong>and</strong><br />
emissions efficient passenger vehicles.<br />
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The emphasis on cost-reduction has resulted in the development of the most early micro hybrid vehicles with<br />
lead-acid batteries with either the absorbed glass mat or the enhanced flooded battery design. Such batteries<br />
have design enhancements which help to improve the overall life cycle under partial SOC conditions, when<br />
compared to the conventional automotive starting, lighting <strong>and</strong> ignition batteries, thus enabling them to perform<br />
the start stop actions at minimal cost impact. The development of the high capacity lithium ion batteries<br />
is set to fuel the growth of the micro hybrid vehicle market substantial during the forecast period. While the<br />
conventional micro hybrid vehicles simple rely on start stop system for the engine, the second generation<br />
micro hybrids incorporated other features like energy harvesting <strong>and</strong> regeneration.<br />
These vehicles are in the emerging phase <strong>and</strong> advanced features such as keeping the air conditioning running<br />
while the engine is not functioning <strong>and</strong> shutting off the engine during coasting are incorporated in these micro
hybrids. Thus, rapid technological advancements are projected to further bolster the global micro hybrid vehicle<br />
market growth during the forecast period. Further, ultracapacitor makers are looking at vehicle electrification<br />
as a means to increasing sales, targeting the micro hybrid vehicles instead of the plug-in electric<br />
vehicles <strong>and</strong> this is set to offer potential growth opportunities to the global market.<br />
The global micro hybrid vehicles market can be segmented on the basis of battery type into lead acid batteries,<br />
lithium ion batteries <strong>and</strong> others. Based on battery capacity the global market can be segregated into 12-V<br />
<strong>Micro</strong>-<strong>Hybrid</strong>, 48-V <strong>Micro</strong> <strong>Hybrid</strong> <strong>and</strong> others. Additionally the market can be bifurcated, by vehicle type into<br />
light vehicles <strong>and</strong> heavy vehicles. The global micro hybrid vehicles market can be further classified geographically<br />
into North America, Europe, Asia Pacific, South America <strong>and</strong> Middle East <strong>and</strong> Africa.<br />
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The global micro hybrid vehicles market report provides the market share analysis of the key industry participants<br />
operating in the industry. The global market comprises a considerable number of manufacturers. These<br />
players have been exhaustively profiled <strong>and</strong> their business overview, financial overview, business strategies<br />
<strong>and</strong> recent developments have been covered under the purview of the report. Some of the major players operating<br />
in the global micro hybrid vehicles market include Audi AG, General Motors Company, BMW AG,<br />
Toyota Motor Corporation, Daimler AG, Fuji Motor Corp, Hyundai Motor Company, Fiat Automobiles<br />
S.p.A., Jaguar L<strong>and</strong> Rover, Nissan, Mahindra & Mahindra, Porshe Ag <strong>and</strong> Mazda Motor Corporation among<br />
others.<br />
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical<br />
data, <strong>and</strong> verifiable projections about market size. The projections featured in the report have been<br />
derived using proven research methodologies <strong>and</strong> assumptions. By doing so, the research report serves as a<br />
repository of analysis <strong>and</strong> information for every facet of the market, including but not limited to: Regional<br />
markets, technology, types, <strong>and</strong> applications.<br />
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