Mild Hybrid Vehicle Market, By Capacity Type (Less than 48V, 48V and Above), By Vehicle Type (Passenger Cars, Commercial Vehicle), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Compared to full hybrid vehicle, mild hybrids may offer some of the benefits of the application of hybrid technologies, with less of the cost–weight penalty that is sustained by installing a full hybrid series-parallel drivetrain. Fuel savings would commonly be lower than forecast with use of a full hybrid design, as the design do not facilitate huge levels of regenerative braking or essentially promote the use of smaller, lighter and more efficient internal combustion engines.
Market Dynamics:
Various technological developments have been seen over the past year in terms of OEM product innovation. Effective ways to comprise hybrid vehicles in urban areas have been rising which is anticipated to aid the growth of global mild hybrid vehicle market. For instance, In Nov 2021, Suzuki declared the new S-Cross SUV with 48V hybrid system standard in the European model, which minimizes the fuel consumption and assists with additional torque. Some organizations participate in assisting research on propulsion materials to decrease any adoption barriers for electric drive technologies about issues in the use of particular materials involved in manufacturing is expected to propel the growth of the global mild hybrid vehicle market.
On contrary, with main OEMs impacted by supply chain restraints and the quick spread of corona virus, smaller parts manufacturers faced restrictions in enduring production actions without purchase orders which is anticipated to hinder the growth of the global mild hybrid vehicle market.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook