Global Mild Hybrid Vehicles Market

Gaarti17 Jul, 2021Finance

Global Mild Hybrid Vehicles Market is segmented by capacity, by vehicle type, by battery type, and by Region. By battery capacity, 48V and above capacity segment held 38.65% of market share in 2019 and is expected to keep its dominance over the forecast period. As consumers across the world are now demanding environmental-friendly vehicles, the 48-volt mild-hybrid vehicle and above capacity electrical system has emerged as the new saviour. The 48V and above battery capacity system does not require any vehicle manufacturer to overhaul its existing setup as it is a complementary technology. In Europe, there are a few automobile manufacturers, such as Renault and Audi, who have delivered the 48V mild hybrid cars on the roads. Continental AG is deeply engaged with this technology and has gained formidable expertise. By vehicle type, passenger vehicle dominated the global market in 2019 and is expected to keep its dominance over the forecast period. A popular example of a mild hybrid vehicl