Automotive Hybrid System Market 2019 Global Industry Forecast To 2023 is latest depth analysis research report published by Market Research Future. According to this Automotive Hybrid System Industry Analysis report, the Global Market for Automotive Hybrid Systems is to register 11.25% growth rate during forecast period of 2019 to 2023. This report plays important role in future business plans, decision making, to know about upcoming market growth opportunities, trends, key players in Automotive Hybrid System Industry.
Some significant vendors in the worldwide Automotive Hybrid System market include Denso (Japan), Magna International (Canada), ZF (Germany), Johnson Controls (US), Hitachi Automotive (U.S.), Bosch (Germany), GKN (U.K), Schaeffler (Germany), Valeo (France), Infineon (Germany), Continental (Germany), to name a few.
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Automotive Hybrid System Market Research Report 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). Rising Environmental Issues Boosts Growth of Automotive Hybrid System Market. APAC to Lead the Automotive Whiplash Protection System Market
Market Overview:
The global Automotive Hybrid System market could touch the valuation of USD 256 billion by 2023, estimates Market Research Future (MRFR). The market is expected to achieve a CAGR of 11.25% during the forecast period (2017-2023).
Market Boosters and Key Barriers
Factors working in favor of the global Automotive Hybrid System market include strict regulations striving to curb carbon emission and rising sales of electric vehicles. The surge in fuel prices could also boost market demand. The soaring demand for electric vehicle is predicted to be an important factor that could elevate the market position the world over.
The Automobile Association of America (AAA) reveals that although gas prices have declined in recent years, the eagerness to buy electric cars remains the same among consumers. As a result, demand for electric car is poised to surge in the coming years. Few reports say that over 30 million Americans are expected to buy electric car in the next few years. This trend has gained momentum with the support of compliance and commitment among people towards environmental issues as well as carbon reduction. The mounting sales of hybrid electric vehicles are bound to stimulate growth of Automotive Hybrid System market in the given timeframe.
Several government initiatives are aimed at reducing hazardous emission, which results in business growth. Also, rising fuel prices does wonders for the Automotive Hybrid System market. A massive pool of population now prefers electric vehicles, with e-bikes gaining considerable traction among consumers. This increase in preference for electric vehicles could elevate the use of hybrid systems in the years to come.
Market Segmentation:
The worldwide Automotive Hybrid System market has been segregated depending on type, component, battery type, and electric vehicle type.
With respect to the system type, the market covers start-stop, regenerative braking, EV drive and others. The regenerative braking segment could seize the largest share of the market in the following years as it helps bring down the fuel consumption and raises the car efficiency by 10-25%. The high fuel efficiency is estimated to play an important role in the segmental growth soon.
Component-wise, the market is considered for battery, DC/DC converter, DC/AC inverter, and eMotor. The battery segment is touted to lead the market during the evaluation period since the battery si the main component in electric vehicles. Battery helps store power used for driving the electric vehicle. This storage capability is seen as an appealing quality that could help elevate the demand for hybrid system in the ensuing years.
In terms of battery type, the market is split into Li-Ion, lead acid, and others. Between these, Li-ion battery is expected to garner the highest CAGR in the years ahead. Li-ion battery technology, at present, has a broad range of applications, both in the consumer market and industrial applications including electronic devices such as laptops, tablets and mobile phones, electric vehicles and hybrid-electric vehicles, among others. At present, the most popular battery technology is lithium-ion battery as compared to other types of battery, lithium-ion batteries possess superior power density, energy, and enhanced cycling ability.
The types of vehicles covered by the report include passenger car and commercial car. Digitization coupled with surging infrastructural spending could help augment demand for commercial vehicles in subsequent years.
Regional Insight:
The Automotive Hybrid System market is primarily concentrated in the key regions of Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW).
APAC covers the most substantial portion of the worldwide market, with Europe and North America landing the second and third position, respectively. The Automotive Hybrid System market in APAC is thriving backed by the increasing sales of electric vehicles as well as the surge in fuel. In the region, China has emerged as the most profitable market for hybrid system in automation, given the high production rate. For instance, the country had produced close to 40% of total electric vehicles in 2016. Stealing the limelight from the United States (U.S.), China has soared as the most attractive market for hybrid systems in automotive in past couple of years. China has managed to elevate its industry leadership by garnering considerable revenues across every scope of the supply aspect of the hybrid system.
Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive Hybrid System Market, By System Type
5.1 Introduction
5.2 Start-Stop
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3 Regenerative Braking
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
5.4 EV Drive
5.4.1 Market Estimates & Forecast, 2017-2023
5.4.2 Market Estimates & Forecast By Region, 2017-2023
5.5 Others
5.5.1 Market Estimates & Forecast, 2017-2023
5.5.2 Market Estimates & Forecast By Region, 2017-2023
6 Global Automotive Hybrid System Market, By Component
6.1 Introduction
6.2 Battery
6.2.1 Market Estimates & Forecast, 2017-2023
6.2.2 Market Estimates & Forecast By Region, 2017-2023
6.3 DC/DC Converter
6.3.1 Market Estimates & Forecast, 2017-2023
6.3.2 Market Estimates & Forecast By Region, 2017-2023
6.4 DC/AC Inverter
6.4.1 Market Estimates & Forecast, 2017-2023
6.4.2 Market Estimates & Forecast By Region, 2017-2023
6.5 EMotor
6.5.1 Market Estimates & Forecast, 2017-2023
6.5.2 Market Estimates & Forecast By Region, 2017-2023
7 Global Automotive Hybrid System Market, By Battery Type
7.1 Introduction
7.2 Li-Ion
7.2.1 Market Estimates & Forecast, 2017-2023
7.2.2 Market Estimates & Forecast By Region, 2017-2023
7.3 Lead Acid
7.3.1 Market Estimates & Forecast, 2017-2023
7.3.2 Market Estimates & Forecast By Region, 2017-2023
7.4 Others
7.4.1 Market Estimates & Forecast, 2017-2023
7.4.2 Market Estimates & Forecast By Region, 2017-2023
8 Global Automotive Hybrid System Market, By Electric Vehicle Type
8.1 Introduction
8.2 Mild Hybrid
8.2.1 Market Estimates & Forecast, 2017-2023
8.2.2 Market Estimates & Forecast By Region, 2017-2023
8.3 HEV
8.3.1 Market Estimates & Forecast, 2017-2023
8.3.2 Market Estimates & Forecast By Region, 2017-2023
8.4 PHEV
8.4.1 Market Estimates & Forecast, 2017-2023
8.4.2 Market Estimates & Forecast By Region, 2017-2023
8.5 EV
8.5.1 Market Estimates & Forecast, 2017-2023
8.5.2 Market Estimates & Forecast By Region, 2017-2023
9 Global Automotive Hybrid System Market, By Region
Continued…
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