Booming Growth in Hybrid Vehicle Market and Forecast to 2023 by Worldwide Top Key Manufacturers – Toyota, Nissan, Honda, Hyundai, Kia, Suzuki, Mercedes-Benz, Volvo

Global Hybrid Vehicle Market Report 2019 offers elaborated knowledge on the market parts like size, Key Regions, growth, trends, dominating firms, Major Manufactures. The Hybrid Vehicle report introduces market competition situation among the vendors, revenue, product & services, latest developments and business strategies.

Overview of the Global Hybrid Vehicle Market:

The Global Hybrid Vehicle Market is anticipated to record a CAGR of 5.78% during the forecast period. Stringent emission norms, government incentives for the use of hybrid vehicles, and concern for fuel efficiency, are the factors driving the global hybrid vehicle market. In 2017, Hybrid Electric Vehicles (HEV) holds the largest market share followed by Plug-In Hybrid Electric Vehicles (PHEV).

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With technological innovations, lithium-ion batteries emerged as a combo-addition to the traditional battery, supporting the lead-acid battery to hold the charge for a longer time. However, increase in the weight and spaces have urged innovators to revamp this combination into a battery with the voltage ranging from 24V to 48V. Latest lithium iron phosphate battery proves to be robust in performance and ampere holding capacity. The composite iron phosphate added to the lithium has improvised properties, such as, improved fuel efficiency, reduced emissions, high power capabilities, and wider temperature operating range, as compared to other lithium ion batteries, and this has ruled out the deployment of two batteries in a single vehicle. The combination of lead-acid battery and a smaller lithium-ion battery did not prove to be much reliable, as additional hardware and complexity in integration resulted in moderate performance, compared to that of single battery type.

The benefits of micro-hybrid vehicle over pure ICE vehicles, such as, lower operating cost with 5-15% less fuel expenditure. Furthermore, micro-hybridization has become one of the cheapest and easiest solutions for increasing fuel efficiency of a passenger car. The reason is primarily attributed to technologies, such as, the start-stop system and regenerative braking. The aforementioned factors help to drive emerging countries in the adoption of micro-hybrid vehicles as fuel-efficient vehicles during the forecast period.

This comprehensive Hybrid Vehicle Market research report 2019 – 2023 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

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Major Key Players:

1 Toyota

2 Nissan

3 Honda

4 Hyundai

5 Kia

6 Suzuki

7 Mercedes-Benz

8 Volvo

9 Volkswagen Group

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Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview And Technology Trends

5 Market Dynamics

6 Global Hybrid Vehicle Market Segmentation, By Machinery Type

7 Global Hybrid Vehicle Market Segmentation, By Vehicle Type

8 Global Hybrid Vehicle Market Segmentation, By Geography

9 Competitive Landscape

10 Company Profiles

11 Initiatives Offered By The Government, For The Adoption Of Hybrid Vehicles

12 Future of the Market

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