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Hybrid Drivetrain Market | Business Growth, Development Factors, Current and Future Trends till 2031 | Tmax Battery Equipments Ltd. Toray Battery Separator Film Korea Ltd. W-SCOPE CORP.

08-30-2024 10:51 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Hybrid Drivetrain Market

Hybrid Drivetrain Market

The global hybrid drivetrain market is anticipated to grow at a significant CAGR of 26.5% during the forecast period. The global hybrid drivetrain market is driven by the increased initiatives taken by governmnet such as zero carbon emission to support the market. Transportaion sector accounts for 18% of total energy consumption in India and this demand is being met by importing crude oil, which contributes an estimated 142 million tonnes of CO2 emissions annually. Owing to which government is insisting setting out EV charging stations by offering capital subsidy through faster adoption and manufacturing of hybrid and electrical vehicles in India, under (FAME) India Scheme Phase II and state level initiatives. In addition, in February 2019, the Government of India reportedly announced a $1.4 billion subsidy program to boost sales of hybrid and electric vehicles in the country. Further, government has also delicenced the activity of setting up EV charging stations to increase private investments to enhance the adoption of market in future.

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The COVID-19 pandemic has affected almost every country globally. It has impacted automotive industry along with every other industry. The sale of cars declined during COVID-19 as showrooms were closed and manufacturing was also ceased. The demand for vehicles had decreased as the source of income for individuals and businesses was disturbed and they could not afford to buy new vehicles. Further, only essential activities were allowed during the lockdown period, which resulted in restrictions on sale and manufacturing of vehicles. However, government is taking initiatives to promote the hybrid and electric vehicles market post COVID-19 period.

full report of Hybrid Drivetrain Market available @ https://www.omrglobal.com/industry-reports/hybrid-drivetrain-market

• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Hybrid Drivetrain Market Report by Segment
By Type
• Series Drivetrains
• Parallel Drivetrains
• Series-parallel Drivetrains

By Component
• Electric Motor
• Power Electronics
• Controller
• Inverter/Converter
• Battery Pack

By Degree of Hybridization
• Mild HEV
• Full HEV
• PHEV

Global Hybrid Drivetrain Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global hybrid drivetrain market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/hybrid-drivetrain-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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