Micro-Hybrid Vehicles Market to grow at 12% CAGR during forecast 2023 due to better performing batteries
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. 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. 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 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 othe...