Micro-Hybrid Vehicles Market Scope
A micro hybrid uses an automatic start-stop system to recuperate braking energy and store it in a classic 12V starter battery. However, the vehicle is driven exclusively by the internal combustion engine, which explains why micro hybrids are not listed as a hybrid concept in many drive classifications. In other words, micro hybrids are cars with an ICE drive system and well-engineered drive electronics. The level of fuel saving is low.
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), Hyundai Motor Company (South Korea), Fiat Automobiles S.P.A. (Italy), Tata Motors (India), Nissan (Japan), Mahindra & Mahindra (India), Porshe Ag (Germany) and Mazda Motor Corporation (Japan) |
CAGR | % |
To entice more end users, market players are focusing on providing Micro-Hybrid Vehicles with higher quality while adhering to all regulatory standards. In the global Micro-Hybrid Vehicles market, there are numerous large and small-scale service providers. They are also concentrating on the implementation of numerous advanced technologies in the development of better scents. Furthermore, the numerous industry profits have led to the entry of new players, raising the level of rivalry in an already competitive market. The Micro-Hybrid Vehicles market is currently expanding due to the rapid advancement of technology. Some of the key players in this market follow strategies, which include new product offerings, product approvals, partnerships and alliances, mergers and acquisitions, and business expansions.
Audi AG (Germany), General Motors Company (United States), BMW AG (Germany), Toyota Motor Corporation (Japan), Daimler AG (Germany), Hyundai Motor Company (South Korea), Fiat Automobiles S.P.A. (Italy), Tata Motors (India), Nissan (Japan), Mahindra & Mahindra (India), Porshe Ag (Germany) and Mazda Motor Corporation (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Micro-Hybrid Vehicles market by Type and Region with country level break-up.
On the basis of geography, the market of Micro-Hybrid Vehicles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
May 2020, Audi launches high-tech car unit Artemis to fast-track a pioneering EV to market. Audi has created a new business unit called Artemis to bring electric vehicles equipped with highly automated driving systems and another tech to market faster the latest bid by the German automaker to become more agile and competitive.
APPLICABILITY OF THIS TYPE APPROVAL PROCEDURE and This Type Approval Procedure shall be applicable to Electric and Hybrid Electric Vehicles models (including their variants and versions) of motor vehicles of categories L, M and N, introduced in market for Pilot/ Demonstration projects intended for Government Scheme. Depending on the scope and objective of the pilot project the nodal agency in charge may announce the number of vehicles that may be covered under this procedure.
Influencing Trend:
Government Initiatives to Promote Reduce Carbon Emission
Market Growth Drivers:
Lithium Ion Batteries Being More Sustainable Thus Driving the Market Growth
Challenges:
Not Having Adequate Infrastructure
Restraints:
Not Having a Higher Range or Mileage
Opportunities:
Consumer Shift towards More Sustainable Vehicles
Key Target Audience
EV Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others