Hybrid Drivetrain Market Insights, Top Trends, Drivers, Growth and Forecast to 2028

Hybrid Drivetrain Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Series, Parallel, Series-Parallel); Degree of Hybridization (Mild HEV, Full HEV, PHEV); Component (Electric Motor, Power Electronics, Controller, Battery Pack, InverterConverter) and Geography"

In addition to the conventional drivetrain components such as transfer box, gearbox, clutch etc. hybrid drivetrains comprise of components such as battery packs, electric motors, power electronics and energy storage systems. They are responsible for transmission of power from the engine or electric motor to the wheel axles. As the global electric and hybrid electric vehicle industry continues to expand in markets of Europe and North America, the demand for hybrid drivetrains is expected to rise.

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Companies Profiled in this report includes: Adarin ET, AISIN AW CO., LTD., AVL List GmbH, BAE Systems, Continental AG, Dana TM4, OBRIST Powertrain GmbH, The Danfoss Group, Valeo, ZF Friedrichshafen AG

MARKET DYNAMICS

The global hybrid drivetrain market is growing at a significant pace owing to increasing sales of electric and hybrid electric vehicles in China and the US. As major US and China based electric vehicle manufacturers such as Tesla, Inc., BYD Auto Co., Ltd., and BAIC Motor Corporation Limited roll new vehicle models to cater to rising demand for EV and HEV vehicles, the hybrid drivetrain industry is anticipated to thrive in the forecast period. Innovations in battery technology and gradually declining cost of electric batteries is anticipated to have a positive influence on the overall sales of electric vehicles. Implementation of incentives, tax rebatement, and exemption of custom duty on electric and hybrid electric vehicles is expected to have a positive impact on the hybrid drivetrain industry. However the lack of electric vehicle charging charging stations and charging infrastructure may hinder the growth of the EV and HEV markets and subsequently restrain the expansion of the the hybrid drivetrain industry to some extent.

MARKET SEGMENTATION

The global hybrid drivetrain market is segmented on the basis of type, degree of hybridization, and component. On the basis of type, the hybrid drivetrain market is segmented into, series, parallel, and series-parallel. On the basis of degree of hybridization, the market is bifurcated into, mild HEV, full HEV, and PHEV. Based on component, the global hybrid drivetrain market is segmented into, electric Motor, power electronics, controller, battery pack, and inverter/converter.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hybrid drivetrain market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hybrid drivetrain market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the hybrid drivetrain market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hybrid drivetrain market in these regions.

The purposes of this analysis are:

To characterize, portray, and check the Hybrid Drivetrain market based on product type, application, and region.

To estimate and inspect the size of the Hybrid Drivetrain market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.

To estimate and inspect the Hybrid Drivetrain markets at country-level in every region.

To strategically investigate every sub-market about personal development trends and its contribution to the Hybrid Drivetrain market.

To look at possibilities in the Hybrid Drivetrain market for shareholder by recognizing excessive-growth segments of the market.

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Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

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Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.