What is Micro-Hybrid Vehicle?
The Micro-Hybrid Vehicle recovers braking energy and stores it in a traditional 12V starter battery via an automatic start-stop system. However, the vehicle is powered solely by an internal combustion engine, which explains why micro hybrids are not classified as hybrids in many drive classifications. In other words, micro hybrids are vehicles that have an ICE drive system as well as well-designed drive electronics. The amount of fuel saved is minimal. A micro-hybrid vehicle will have a system that only allows electrical functions to draw power from the battery without the assistance of the engine. This eliminates the need for the alternator to draw power from the engine. When the engine is at its most efficient, it charges the battery or recovers energy when the vehicle is braking. This is why these vehicles have different batteries than standard models. Car manufacturers, for example, have developed Advanced Glass Mat Batteries (AGM) to operate more efficiently at low charge levels. Check the type of battery your car may require if it has stop-start. You will almost certainly need to install an AGM battery.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Audi AG (Germany), General Motors Company (United States), BMW AG (Germany), Toyota Motor Corporation (Japan), Daimler AG (Germany), Fuji Motor Corp (Japan), Hyundai Motor Company (South Korea), Fiat Automobiles S.P.A. (Italy), Jaguar Land Rover (United Kingdom) and Nissan (Japan) |
The study covers a detailed analysis segmented by key business segments i.e. and major geographies. Research Analyst at AMA predicts that Germans & Japanese Vendors will contribute to the maximum growth of Global Micro-Hybrid Vehicle market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Micro-Hybrid Vehicle market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Audi AG (Germany), General Motors Company (United States), BMW AG (Germany), Toyota Motor Corporation (Japan), Daimler AG (Germany), Fuji Motor Corp (Japan), Hyundai Motor Company (South Korea), Fiat Automobiles S.P.A. (Italy), Jaguar Land Rover (United Kingdom) and Nissan (Japan).
Market Overview:
On 14th June 2022, Mahindra & Mahindra, India's leading utility vehicle manufacturer, has applied to the National Company Law Tribunal for permission to merge Mahindra Electric Mobility Ltd with itself i.e., Mahindra and Mahindra Limited. M&M explained to the tribunal that the value chain required for end-to-end EV (Electric Vehicles) development, manufacturing, and sales are currently spread between M&M and MEML and needs to be consolidated.
In order to encourage the early implementation of these Hybrid Electric Vehicles into wide-spread use, India has taken leadership in creating these regulations. This standard may need to take the benefit of the new elements in legislation that may be introduced in regulations worldwide as they evolve.
The Micro Hybrid Vehicle Market is dominated with various international and regional players such Audi AG, BMW AG, DAIMLER AG, SUBARU and General Motors. Although to have the edge over its competitors, the major automotive micro hybrid vehicle companies are making joint-ventures, partnerships to launch newer products.
Micro-Hybrid Vehicle Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Demand for Reliable Electric Systems in Vehicles
- Rising Need for 48V Architecture
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Major Trends | - Considerable Shifting of the Technologies from Hydrocarbon Energy to Electrical Energy in the Automotive Industry.
- New Developments for Climate-Friendly Micro-Hybrid Vehicles
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Restraints | - Higher Cost of Micro-Hybrid Vehicle
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Road Blocks / Challenges | - Inadequate Charging Infrastructure for Micro-Hybrid Vehicles
- Considerable Number of Failure Cases in Safe Electronic and Micro-Hybrid Components
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Gaps & Opportunities | - Electrification of Commercial Vehicles
- Rise of Technological Advancements and Tax Exemption Provided By the Government on the Purchase of Micro-Hybrid Vehicle
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Key highlights of the Global Micro-Hybrid Vehicle market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Micro-Hybrid Vehicle market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Micro-Hybrid Vehicle market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Micro-Hybrid Vehicle Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Micro-Hybrid Vehicle market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Micro-Hybrid Vehicle market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Micro-Hybrid Vehicle Manufacturers, Micro-Hybrid Vehicle Suppliers & Distributors, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.