HYBRID SYSTEM MARKET
Hybrid System Market Expected to reach $ 40.99 billion by 2022
The hybrid system market was valued at USD 18.88 billion in 2016 and is projected to grow at a CAGR of 10.79% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017–2022.Factors such as decreased tail-pipe emission limits, potential fuel savings with adoption of mild hybrids, and tax benefits & incentives/subsidies for adoption of electric vehicles are the key factors fueling the growth of the hybrid system market.
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TARGET AUDIENCE • Hybrid System Component Manufacturers • Distributors and Suppliers of Hybrid System Components • Independent and Authorized Dealers Hybrid Components • Hybrid System Manufacturers • Electric Vehicle Manufacturers • Industry Associations and Experts
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GLOBAL PLAYERS • Bosch (Germany) • Continental (Germany) • Denso (Japan) • ZF (Germany) • Valeo (France)
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Hybrid System Market, By Region • • • •
Asia Oceania Europe North America RoW
Hybrid System Market, By Component • • • • • • • •
12V Battery High Voltage Battery DC/AC Inverter DC/DC Converter DC/DC Boost Converter E-Motor AC/DC Charger Motor controller
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North America expected to be the fastest growing market for hybrid system The hybrid system market for north America is estimated to grow at the highest rate during the forecast period. The increasingly stringent CAFE regulations have led to an increase in the demand for hybrid and electric vehicles in the region. Thus, the region is expected to see the fastest growth in the sales of hybrid and electric vehicles during the forecast period. Hence, the market for hybrid system in north America is also expected to grow in line with the growth of hybrid and electric vehicles. Get 10 % Free Customization
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Browse 138 market data tables and 44 figures spread through 213 pages and in-depth TOC on "hybrid system market by system (start-stop, regenerative braking, EV drive, eboost), component (battery, DC/DC converter, DC/AC inverter, emotor), battery (liion, lead acid, nimh), vehicle (mild hybrid, HEV, PHEV, EV) - global forecast to 2022“
This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments. Request bundle reports
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