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Hybrid System Market Size is set to Value $40.99 Billion by 2022 By Aaron Smith

  in Automotive | Published 2019-02-27 02:38:16 | 18 Reads | Unrated

Summary

The hybrid system market was valued at USD 18.88 billion in 2016 and is projected to grow at a CAGR of 10.79% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017–2022

Full Content

The hybrid system market was valued at USD 18.88 billion in 2016 and is projected to grow at a CAGR of 10.79% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017–2022.Factors such as decreased tail-pipe emission limits, potential fuel savings with adoption of mild hybrids, and tax benefits & incentives/subsidies for adoption of electric vehicles are the key factors fueling the growth of the hybrid system

market.

Browse 138 market data Tables and 44 Figures spread through 213 Pages and in-depth TOC on “Hybrid System Market”

View detailed Table of Content here –

https://www.marketsandmarkets.com/Market-Reports/hybrid-system-market-69130715.html

HEVs estimated to showcase the largest demand for Hybrid Systems

The HEV segment is estimated to hold the largest share of the hybrid system market. HEVs use hybrid systems such as start-stop, regenerative braking, and E-booster. The demand for the hybrid system in HEVs is influenced by the total HEV vehicle sales. According to MarketsandMarkets analysis, the HEV vehicle sales are projected to grow from 1.8 million units in 2016 to 4.6 million units in 2022 and are expected to increase further in the future. Furthermore, the conversion of a conventional vehicle to an HEV is the least inexpensive option in comparison to PHEVs and BEVs. Hence, the hybrid system market is led by the HEV vehicle segment.

Plug-in charging system to be the fastest growing segment of the Hybrid System Market

The plug-in charging system segment is projected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the various initiatives by government bodies to improve EV charging infrastructure across the world. The growth can also be attributed to high growth projections of BEVs and PHEVs in countries such as China and Japan. For instance, China has an ambitious plan of going all electric by 2025. Both these vehicle types use a plug-in charging system. Hence, this system is expected to experience the highest growth during the forecast period.

Free PDF Sample Report –

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69130715

North America expected to be the fastest growing market for Hybrid System

The hybrid system market for North America is estimated to grow at the highest rate during the forecast period. The increasingly stringent CAFE regulations have led to an increase in the demand for hybrid and electric vehicles in the region. Thus, the region is expected to see the fastest growth in the sales of hybrid and electric vehicles during the forecast period. Hence, the market for hybrid system in North America is also expected to grow in line with the growth of hybrid and electric vehicles.

Global players

The hybrid system market is dominated by a few global players. Some of the key manufacturers operating in the market are Bosch (Germany), Continental (Germany), Denso (Japan), ZF (Germany), and Valeo (France). There are certain key innovators gaining attention in the hybrid system market including UQM Technologies (US), Schaeffler (Germany), and Johnson Controls (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

MarketsandMarkets flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com

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