Hybrid System Market - Global Forecast to 2022

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The 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. The market is primarily driven by the increasing demand for higher fuel efficiency, high voltage applications, and stringent emission regulations by governments that have forced the manufacturers to adopt the hybrid and electric vehicle technology.
Browse138 Market Data Tables and44 Figures spread through213Pages and in-depth TOC on“Hybrid System Market – Global Forecast to 2022”

Objectives of the Study:

  • To define, describe, and project the hybrid system market, by battery type (lead acid, Li-ion battery, and Nickel-based) during the forecast period, in terms of volume and value
  • To identify and forecast the hybrid system market from 2017 to 2022 based on component (12V battery, high voltage battery, DC/AC inverter, DC/DC converter, DC/DC boost converter, E-motor, motor controller and AC/DC charger), in terms of volume and value at regional level.
  • To analyze and forecast the hybrid system market based on system type (start-stop, regenerative braking, EV drive, E-boost, sailing, and plug-in charging system) and vehicle type (mild hybrid, HEV, PHEV, and BEV) from 2017 to 2022, in terms of volume and value at country level.
  • To identify the market dynamics, including drivers, restraints, opportunities, and challenges, and analyze their impact on the hybrid system market
  • To analyze the competitive leadership map for the key players based on their product offerings and business strategies to identify the dynamic differentiators, innovators, visionary leaders, and emerging companies in the hybrid system market
The research methodology uses secondary sources, which include associations such as International Organization of Motor Vehicle Manufacturers (OICA), Emission Controls Manufacturers Association (ECMA), European Automobile Manufacturers Association (EAMA), Environmental Protection Agency (EPA), and International Council on Clean Transportation (ICCT) and paid databases and directories such as Factiva and Bloomberg. In the primary research stage, experts from related industries, manufacturers, and suppliers have been interviewed to understand the present situation and future trends in the hybrid system market. The hybrid system market for OE has been derived from forecasting techniques based on electric & hybrid vehicle sales, hybrid system penetration, and electric vehicle regulations incentives.
The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Hybrid System Market 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

HEVs estimated to showcase the largest demand for Hybrid Systems

The HEV segment is estimated to hold the largest share of the Hybrid System Market. HEVs use hybrid systems such as start-stop, regenerative braking, and E-booster. The demand for the hybrid system in HEVs is influenced by the total HEV vehicle sales. According to MarketsandMarkets analysis, the HEV vehicle sales are projected to grow from 1.8 million units in 2016 to 4.6 million units in 2022 and are expected to increase further in the future. Furthermore, the conversion of a conventional vehicle to an HEV is the least inexpensive option in comparison to PHEVs and BEVs. Hence, the Hybrid System Market is led by the HEV vehicle segment.
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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.
The hybrid system market is dominated by a few global players. Some of the key manufacturers operating in the market are Bosch (Germany), Continental (Germany), Denso (Japan), ZF (Germany), and Valeo (France). There are certain key innovators gaining attention in the hybrid system market including UQM Technologies (US), Schaeffler (Germany), and Johnson Controls (US).

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