Market Outlook : Micro-Hybrid Vehicle Market Globally Grow at a CAGR of 29% by 2019
Researchmoz added Most up-to-date research on "Global Micro-Hybrid Vehicle Market 2015-2019" to its huge collection of research reports. The global 48V micro hybrid market is relatively new and still in its nascent stage. It is expected to grow exponentially in the coming years because of the benefits associated with the Class2 category of micro-hybrid vehicles. Technavios market research analysts project the global micro-hybrid vehicle market to grow at a CAGR of over 29% in the next four years. The conventional versions of micro hybrid vehicles had a 12V battery that had performance issues. Micro hybrid vehicles need more powerful and long-lasting batteries than what conventional 12V lead-acid batteries can deliver. It has led to the development of the 48V battery that is being installed in the Class 2 micro-hybrids. The 48V battery system also provides support to the vehicles active chassis systems, and air conditioning compressors. Global micro hybrid vehicle market by...