Hybrid System Market in Automotive Industry Size, Share, Trends Analysis Research Report 2018

Hybrid System Market in Automotive Industry Size, Share, Trends Analysis Research Report 2018 of 100 pages expands comprehensive information on Hybrid System Market in Automotive Industry by Type (Start-Stop, Regenerative Braking, EV Drive), Component (Battery, DC/DC Converter, DC/AC Inverter, eMotor), Battery Type (Li-Ion, Lead Acid), Electric Vehicle Type (Mild Hybrid, HEV, PHEV, EV) with forecast to 2023. Global Hybrid System Market in Automotive Industry is expected to witness significant growth between 2018 and 2023.

The hybrid system in automotive includes various electric generated systems such as Start-Stop, Regenerative Braking, EV Drive, Others. The hybrid systems are used in electric vehicle such as HEV, PHEV, mild hybrid and others. The major share of the market is contributed by HEV. The HEVs mainly includes motorcycles, cars, trucks, buses, aircraft and others.

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Hybrid System Market in Automotive Industry Companies Analyzed in report are: Aisin Seiki Co., Ltd. (Japan), American Axle & Manufacturing, Inc. (U.S.), GKN plc. (U.S.), Magna International Inc. (Canada), BorgWarner Inc. (U.S.), Dana Holding Corporation (U.S.), JTEKT Corporation (Japan), TM4 (Canada), Magtec (U.K), Delphi Automotive LLP (U.K), Visedo (Finland), Parker Hannifin Corp (U.S.), Punch Powertrain Nv (Belgium), AVTEC LTD (India), AxleTech International SAS (U.S.).

The factors responsible for the growth of hybrid system in automotive market are, stringent regulation for emission, increasing sales of electric driven vehicle, and increasing fuel prices is estimated to boost the market demand. The surge in the demand for electric vehicle will result in the increased use of hybrid systems in the vehicles, which will drive the market in future. According to Automobile Association of America (AAA), lower gas prices have not inhibited enthusiasm for electric cars. As per the market research, the demand for electric car is likely to increase in the forecast period. More than 30 million Americans are likely to buy electric car as their next vehicle. This trend is majorly influenced by compliance and the commitment of general masses towards environmental concerns and carbon reduction. Heading towards APAC region, China has named itself as the leading market for electric vehicles. Over the past decade, it has been experienced that the prices of crude oil per barrel is increasing very rapidly and also the availability the crude oil is decreasing day by day. Due to these factors, the mind-set of a large pool of population is shifting their preference towards electric vehicles. In the last 3 to 4 years, the demand for electric vehicles in the United States is rapidly increasing and seen around 70% of year-over-year growth in the sales. This increase in the fuel prices will result in the growing demand for hybrid system in electric vehicle which will drive the market during forecast period.

Market Segmentation:

The Hybrid System in Automotive market is segmented based on type, component, battery type, electric vehicle type, and region. On the basis of system type, the market as segmented based start-stop, regenerative braking, EV drive, others. The regenerative braking segment is expected to dominate the market during the forecast period because it reduces the fuel consumption and increases the efficiency of car by 10-25%. This increase in fuel efficiency will result in the growth of the segment in future. On the basis of component, the market is segmented based on battery, DC/DC converter, DC/AC inverter, and eMotor. The battery segment is expected to dominate the market during the forecast period because it is the key component in electric vehicle. Battery helps in the storage of power which drives the electric vehicle. This storage capability will help the hybrid system market to grow in future.

On the basis of battery type, the market is segmented based on Li-Ion, lead acid, and others. Li-ion battery is expected to grow at the highest CAGR during the forecast period. Li-ion battery technology is currently used in a large range of applications, both for consumer market and industrial applications such as electronic devices like mobile phones, laptops and tablets, hybrid-electric vehicles and electric vehicles and others. Currently, the most popular technology of the battery sector is that of the lithium-ion battery. Compared to other battery types, lithium-ion batteries have superior energy, power density and superior cycling ability. These qualities play an important role in electric and hybrid vehicles.

Geographic Analysis:

On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. This market has seen a substantial growth over the past few years and the market is estimated to remain on the same growth level during the forecast period. Among the regions covered, Asia Pacific has accounted for the largest market followed by Europe and North America. Major factors that have driven the hybrid system market in Asia Pacific are rapidly increasing sales of electric vehicles and increasing fuel prices will boost demand of electric vehicles. China is the largest market for hybrid system production and has produced around 40% of the total electric vehicle build globally in 2016. Overtaking the U.S., China is now the most attractive country for hybrid systems in electric vehicles. China has stretched its industry leadership by making profits across all scopes of the supply side of hybrid system containing current and projected production of hybrid system in automotive and their components, such as battery, DC/DC converter, DC/AC inverter, and eMotor.

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Target Audience of Report:

This report mainly focuses on Hybrid System Market in Automotive Industry Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Hybrid System Market in Automotive Industry also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Hybrid System Market in Automotive Industry studied.

Global Hybrid System Market in Automotive Industry Research Insights:

The report for Global Hybrid System in Automotive Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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