Market Research Report
Hybrid System - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||641986|
|Published||Content info||158 Pages
Delivery time: 2-3 business days
|Hybrid System - Global Market Outlook (2017-2026)|
|Published: March 18, 2018||Content info: 158 Pages||
According to Stratistics MRC, the Global Hybrid System Market is accounted for $23.67 billion in 2017 and is expected to reach $63.61 billion by 2026 growing at a CAGR of 11.6% during the forecast period. Growing demand for advanced voltage systems to raise hybridization and rising government motivations for the implementation of mild hybrids are some of the key factors propelling the market growth. However, insufficiency standardization of hybrid technologies is hindering the growth of the market. Expanding charging technologies and configuration for electric vehicles provides ample of opportunities for the market growth
By Vehicle type, Electric Vehicle (EV) utilizes one or more than one electric motors for momentum. It is powered either by a collector system through electricity otherwise can be charged by self-charging tools such as regenerative braking systems, turbochargers, etc. The benefits for using electric vehicles are tax exclusion, bargain selling prices and free of charging electric vehicles at different charging areas. Factors such as rising product selection of original equipment manufacturer (OEM's), governments' encouraging rules & existing funding and improved vehicle range per charge are fueling the market growth.
By System type, regenerative braking system segment is driven by rising concern for commanding vehicular emission, increasing fuel cost and growing concern for improved technology. It is a significant element in hybrid vehicles, electric vehicles and plug-in hybrid electric vehicles. It is utilized for producing electricity by changing momentum loss during application of brakes. The energy can also store in batteries or banks of super capacitors.
By Geography, Asia Pacific captured the largest market share of the Hybrid System market owing to growing sales of electric vehicles. North America is anticipated to grow at the fastest CAGR due to strict Corporate Average Fuel Economy (CAFE) standards which has encourage the acceptance of electric and hybrid vehicles to improve the fuel economy of light trucks and cars.
Some of the key players in Hybrid System Market include Denso Corporation, Delphi Technologies, Johnson Controls, Robert Bosch GmbH, Continental AG, Schaeffler Technologies AG & Co. KG, Hitachi Automotive Systems Ltd, ZF Friedrichshafen AG, Infineon Technologies AG, Magna International Inc, GKN Plc, Valeo and Adgero Hybrid Systems.
Vehicle Types Covered:
Battery Types Covered:
System Types Covered:
What our report offers: