What's Driving the Hybrid Drivetrain Market Growth? BAE Systems, BorgWarner Inc., Continental, Delphi, DENSO, hofer powertrain, Magneti Marelli, Punch Powertrain, Texas Instruments, Voith Group, ZF Group

Global hybrid drivetrain market is projected to catch on significant traction on account of increasing adoption of hybrid cars. These vehicles are lately observing high demand due to their enhanced fuel efficiency, easier maintenance, and lower environmental impact. Apart from operating on traditional fossil fuel, these vehicles can utilize alternate electric power to lower fuel consumption.

Technological innovation in the drivetrain sector may improve the growth trajectory of advanced hybrid drivetrains. Taking July 2019 for instance, Toyota announced the development of its second hybrid transmission at Poland's TMMP plant.

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Growing concerns over global warming and rising carbon emissions could drive sales in hybrid drivetrain market. In a move to minimize carbon emissions, federal regulators worldwide have started to promote the use of hybrid drivetrain by offering lucrative subsidies on vehicle purchases.

Growth Drivers:

o Increasing financial incentive and spending for supporting infrastructure
o Stringent emission regulations and initiatives to reduce carbon footprint
o Presence of multiple automotive OEMs along with investments for technology advancements
o Increasing requirement for clean mobility & transportation solutions
o Presence of lithium reserves
o High spending on prohibitive cost vehicles and government initiatives to decrease dependency on crude oil

Europe is pioneering the global automobile sector with the launch of next-generation vehicles that incorporate hybrid technology. Growing demand for such hybrid vehicles could supplement regional industry growth over the forthcoming years. Earlier in 2019, renowned automaker, BMW had revealed that it would deliver a mild-hybrid option for the BMW 5 series vehicles.

Companies covered
Aisin Seiki, BAE Systems, BorgWarner Inc, Continental AG, Delphi Automotive, Denso, Hofer Powertrain, JATCO Ltd., Magna International, Magneti Marelli S.p.A, Obrist Powertrain, Punch Powertrain Nanjing, Texas Instruments, The Voith Group, ZF Friedrichshafen

Owing to its unparalleled mechanical advantages, the mild HEV segment is expected to record exponential growth in the hybrid drivetrain market by 2026. These vehicles comprise of electric motors that offer mild levels of assistance to the vehicle's IC engine, thereby offering a more refined and smooth user driving experience.

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Series-parallel drivetrain is incredibly efficient as they split the engine power into two different paths, with one going towards a generator that produces electricity and the other one going through a gear system to deliver optimum momentum to the wheels. This feature has helped car manufacturers to optimize the power distribution in their latest models, which in turn, could play a crucial role in expanding product penetration. The system is currently witnessing robust demand owing to its ability to offer maximum power usage while filling in engine torque gaps with the help of electric power.

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