Hybrid system market is projected to grow at a CAGR of 10.79% from 2017 to 2022, to reach a market size of USD 40.99 billion by 2022.
Asia Pacific is estimated to be the largest hybrid system market owing to the increasing electric vehicle sales in countries such as China and Japan. The vehicle sales in China and Japan is expected to increase from 0.49 million units and 1.09 million units in 2016 to 2.17 million units and 2.1 million units in 2022, respectively.
The Chinese government’s move towards working on a timetable to end the production and sales of gasoline as well as diesel cars and Japanese government’s “Next-Generation Vehicle Strategy 2010”, which targets the market share of electric vehicles sales is 50% of total vehicle sales by the end of year 2020, are expected to increase the market of electric vehicles in the Asia Pacific region. Thus, the market for hybrid systems is also slated to increase with the increasing electric vehicles in the region.
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Automotive manufacturers have started moving towards the manufacture of mild hybrid vehicles as the cost of conversion of conventional vehicles to full hybrid or plug-in hybrid vehicles is very high. Additionally, the cost of building battery charging infrastructure for plug-in hybrids and full electric vehicles is high too.
Most of the benefits of hybrid or plug-in hybrid vehicles can be achieved by 48V mild hybrid vehicles at a fraction of the cost.
Lithium-ion battery type is the most preferred battery type today in the electric cars market as these batteries have high power-to-weight ratio, superior high-temperature performance, high energy efficiency, and low self-discharge. Most components of lithium-ion batteries are recyclable.
Because of their aforementioned benefits most of today's plug-in hybrid electric vehicles and full electric vehicles use lithium-ion batteries even though the cost of the battery is high. Thus, the market for lithium-ion battery type is the largest globally.
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Target Audience Include Hybrid SystemMarket Report:
- 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
Get “Hybrid System Market” spread across 213 pages, profiling 12 companies and supported with 138 tables and 44 figures is now available at www.rnrmarketresearch.com/contacts…unt?rname=1229333
Top 12 Companies Analyzed for Hybrid System Market are – Bosch (Germany), Denso (Japan), ZF (Germany), Valeo (France). Hitachi Automotive (Japan), Delphi (UK), GKN (UK), Schaeffler (US), Johnson Controls (US), Infineon (Germany), and Magna (Canada).
Fundamental Key Point from Table of Content:
Hybrid System Market, By Battery Type and Region
Lead Acid Battery Market, By Region
Lithium Ion Battery Market, By Region
Nickel Based Battery Market, By Region
Mild Hybrid System Market, By System Type and Region
Start-Stop System Market Size for Mild Hybrids, By Region
Regenerative Braking System Market Size for Mild Hybrids, By Region
E-Booster Market Size for Mild Hybrids, By Region
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Hybrid System Market, By Component & Region
12v Battery Market, By Region
High Voltage Battery Market, By Region
DC/AC Inverter Market, By Region
DC/DC Converter Market, By Region
DC/DC Boost Converter, By Region
E-Motor Market, By Region
AC/DC Charger Market, By Region
Motor Controller Market, By Region
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