Global Hybrid System In Automotive Market Is Predicted To Grow At Approximately 5.98% CAGR By 2030

Pune, India, December 28, 2017 /MRFR Press Release/- Market research future published a half cooked research report on global hybrid system in automotive market. The hybrid system in automotive market is expected to grow over the CAGR of around 5.98% during the period 2022 to 2030.

Market Highlights

The current trend in automotive industry is going toward electrification. Many manual transmission parts are replaced by electric transmitted components for better efficiency. The hybrid system in automotive includes various electric generated systems such as Start-Stop, Regenerative Braking, EV Drive, Others. The hybrid systems are used in electric vehicle such as HEV, PHEV, mild hybrid and others. The major share of the market is contributed by HEV. The HEVs mainly includes motorcycles, cars, trucks, buses, aircraft and others. Over the last few years, the hybrid electric vehicles gained much attention due the combination of both better as well as internal combustion engine systems. Also, it has been witnessed that the hybrid electric vehicles sales is growing at a rapid pace due to the presence of several manufacturers with a wide range of variety.  The increase in sales of hybrid electric vehicle will result in the growth of hybrid system in automotive market during the forecast period. Factors such as government initiative to reduce hazardous emission and the growing fuel prices have led to the growth of the market during the forecast period. Along with agencies such as European Environment Agency and others, have set stringent regulations on vehicles to reduce the emission. As a result, a large pool of population have shifted their preferences towards electric vehicles such as e-bikes. This change in preference towards electric vehicle will result in increased use of hybrid systems. The market is expected to reach USD 38.5 billion by 2023 at a CAGR of 5.98% during the forecast period.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Hybrid System Automotive Market Research Report

On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to account for the largest market in hybrid system in automotive during the forecast period due to increase in the sale of electric vehicle in this region. In Asia Pacific, China is the largest market for hybrid system and has about 40% of the electric vehicles developed in this region. Europe is the second largest market due to the presence of major automakers, increase in technological advancements and huge demand for e-cars. North America is growing at a steady rate in hybrid system because of the U.S. contributing the highest revenue in this region. The U.S. has always been the most lucrative market for electric vehicles. Over the past few years, the sales of electric vehicles in the U.S. have doubled, which means the market will generate ample revenue in the forecate period. The major factors that have driven the U.S. market are government initiatives and healthy disposable income.

Drivers

Global Hybrid System in Automotive Market Size, 2017-2023(CAGR)

Scope of the Report

This study provides an overview of the global hybrid system in automotive market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global hybrid system in automotive market by system type, component, battery type, electric vehicle type, and region

• Start-Stop


• Regenerative Braking


• EV Drive


• Others

• Battery


• DC/DC Converter


• DC/AC Inverter


• eMotor

• Li-Ion


• Lead Acid


• Others

• Mild Hybrid


• HEV


• PHEV


• EV

• North America


• Europe


• Asia Pacific


• Rest of the World

Key Players

The key players in Hybrid System in Automotive market are Bosch (Germany), Continental (Germany), Denso (Japan), ZF (Germany), Johnson Controls (US), Hitachi Automotive (U.S.), Infineon (Germany), Magna International (Canada), Schaeffler (Germany), Valeo (France), and GKN (U.K).