Market Research Future (MRFR) highlights that the Global Mild Hybrid Vehicles Market 2020 is slated to grow exponentially over the review period, estimated to grow at a healthy CAGR of 4.8% by 2025. The global mild hybrid vehicles market is analyzed in detail in the report, which takes a close look at the market’s historical statistics and present condition in order to present to readers detailed and accurate forecasts regarding the market’s movement over the forecast period from 2019 to 2025. The impact of the COVID-19 pandemic on the global mild hybrid vehicles market is also studied in the report.
Mild hybrid vehicles are internal combustion engine vehicles equipped with an electric motor. This motor allows the vehicles to perform several functions, such as stopping the engine while coasting and slowing down, with the electric motor taking over. This allows for a considerable saving in terms of fuel and emissions. Mild hybrid vehicles are the connecting bridge between conventional, internal combustion vehicles and futuristic electric vehicles running purely on electric power.
Competitive Leader board:
Leading players in the global mild hybrid vehicles market include AB Volvo, BYD Co. Ltd., Hyundai Motor Company, Groupe PSA, Renault-Nissan-Mitsubishi Alliance, Toyota Motor Corporation, Tesla Motors Inc., Volkswagen AG, Suzuki Motor Corporation, Peugeot SA, Honda Motor Company Ltd., General Motors Company, Ford Motor Company, Fiat SpA, and Daimler AG.
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Segmentation:
- By capacity, the global mild hybrid vehicles market is segmented into up to 12 V, 12 V – 24 V, and more than 24 V. The more than 24 V segment majorly comprises 48 V mild hybrid cars.
- By vehicle type, the global mild hybrid vehicles market is segmented into passenger cars and commercial vehicles. The passenger cars segment dominates the global mild hybrid vehicles market at present due to the growing demand for electric passenger cars. Growing popularity of electric cars among urban consumers is likely to drive this segment over the forecast period.
- By battery type, the global mild hybrid vehicles market is segmented into lithium ion, lead acid, and others. The lithium ion battery segment dominates the global mild hybrid vehicles market.
Regional Analysis:
North America is expected to register substantial growth over the next decade owing to rising adoption of electric cars and stringent government regulations and standards to reduce emissions across the region.
TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Mild hybrid vehicles Market, By Segments
- Competitive Analysis
Continued…….….
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Global Mild Hybrid Vehicles Market can achieve a healthy CAGR of 4.8% CAGR during the forecast period (2019-2025), asserts Market Research Future (MRFR).
A hybrid electric vehicle (HEV) has two sources of power for propulsion- internal combustion engine (ICE) and electric motor.
Mild hybrid vehicles offer an effective powertrain solution that helps in improving the driving experience and fuel economy, thereby reducing engine load.
Moreover, mild hybrids are primarily conventional vehicles that allow engines to turn off in case of braking, coasting, and car stoppage, yet restarting cleanly and quickly.
Mild hybrid vehicles provide a readily available, cost-effective, and consumer pleasing platform to align with stringent steps for safer, cleaner, and more fuel-efficient vehicles.Get a FREE Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/8152Market Boosters and Key RestraintsFuel efficiency has become a significant purchasing factor for consumers, given the rising need to curb fuel spending.
Sensing the underlying opportunity in this scenario, several automakers like Hyundai and Mahindra are focusing on developing alternatives that deliver similar productivity but also high fuel efficiency.
