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7% CAGR growth by 2023 in Mid-hybrid Vehicles Market| Dominant Vendors – Audi, BMW, Buick, Chevrolet, Daimler, FAW Group Corp., Geely automobile Holdings, Honda, Mercedes, Nissan, Peugeot, Saturn, Toyota, amongst others

01-18-2019 12:14 PM CET | Logistics & Transport

Press release from: Market Prognosis

Market Analysis:

The electric machine provides the much-required torque boost and assists in the considerable downsizing of the internal combustion engine. The main challenge faced by the OEMs as of now is putting forward a portfolio of electrified vehicles that not only satisfy the regulatory requirements but are also acceptable to the customer at a cost effective bargain.

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Evolution of vehicle emission regulations will result in difficulty in meeting the standards with the conventional vehicle technology. Also, a shift to the fully hybrid and pure electric powertrains involves a considerable cost in building different infrastructural platforms. Thereby, an intermediate technology like that of mild-hybrid is a very effective development where the vehicle has the capacity to incrementally improve fuel efficiency from the traditional powertrains. The improvements and developments permit the 48V mild-hybrid to have increased acceleration, noiseless start-stop and smooth take-off that would significantly improve driver experiences, almost replicating the advantages of hybrids at less than half the cost and structure.

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Market Segments:
Mid-hybrid Vehicles Market is segmented by:
1. Capacity: 24-V, 48-V, Others
2. Vehicle: Passenger Cars, Pickup Vans and Trucks, Buses and Heavy Trucks, Others
3. Battery: Lead Acid, Lithium Ion, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market:
• The Mercedes mild-hybrid system is a mainstream hybrid system that uses a lithium-ion battery.
• In 2010, GM launched a second-generation version of its mild-hybrid.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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