Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Avijit - Micro-Hybrid Vehicles Market PR

Global Micro-Hybrid Vehicles Market to grow at 12% CAGR between 2017
and 2023 due to better performing batteries
Micro-Hybrid Vehicles Market Share, Size, Trends, And Business Opportunity Analysis Report
2019 include historic data, with forecast data to 2023. Micro-Hybrid Vehicles Market report is
helpful for future strategy development, and to know about Market Drivers, Restraints,
Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023.
Micro-hybrid vehicles have the smallest battery size, and the battery used in these vehicles can
be recharged easily and quickly via regenerative braking systems. The batteries also support the
start-stop function in an automobile. Market Research Future (MRFR) has published a research
report on the global micro-hybrid vehicles market that estimates enhancement for this market at
12% CAGR (Compound Annual Growth Rate) between 2017 and 2023.
The major driver for global micro-hybrid vehicles market growth is the development of high-
performance lithium-ion batteries. Other factors facilitating the market growth include better fuel
efficiency, lower cost of vehicles, nominally-priced lead-acid batteries with higher life, and
lastly, energy harvesting & regeneration.
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Segmentation
The global micro-hybrid vehicles market segmentation covers battery type, capacity, vehicle
type, and lastly, region. By battery type, this market has been segmented into lead-acid, lithium-
ion and others. During the forecast period, the lead-acid battery segment is expected to witness
the highest growth in the market because lead acid batteries are rechargeable, and they require
low maintenance. These batteries have high power density, and they are available in all
amperages, shapes, sizes, and voltages.
The capacity-based segmentation segments the market into 12V micro-hybrid, 48V micro-
hybrid, others. Based on vehicle type, the market can be segmented into passenger vehicle and
commercial vehicle. The passenger vehicle is used for traveling. The commercial vehicle is used
for transferring goods from one place to another for business purposes.
Regional Analysis
The regional segmentation of the global micro-hybrid vehicles market has segmented the market
into regional markets known as Asia Pacific, North America, Europe, and the rest of the world
(RoW). Europe is the largest regional market due to the presence of developed countries like
France, Germany, Norway, and the United Kingdom (UK) because people have higher
purchasing power. Germany has a strong automotive sector. Many important market players are
based in Europe. Another important country-specific market in this region is Italy, followed by
the remaining countries of Europe.