Hybrid System Market Competitive Insights, Growth and Forecast 2017-2022

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Hybrid System Market by System (Start-Stop, Regenerative Braking, EV Drive, eBoost), Component (Battery, DC/DC Converter, DC/AC Inverter, eMotor), Battery (Li-Ion, Lead Acid, NiMH), Vehicle (Mild Hybrid, HEV, PHEV, EV) – Global Forecast to 2022″, 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.

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
To know about the assumptions considered for the study, download the pdf brochure

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

Key Market Players

The hybrid system market ecosystem consists of hybrid system manufacturers such as Bosch (Germany), Continental (Germany), Denso (Germany), ZF (Germany), and Johnson Controls (US). Hybrid system is supplied to major OEMs in the automotive industry including Nissan (Japan), General Motors (US), Toyota (Japan), and others.

Hybrid System Market, By Battery Type & Country, 2015-2025

  • Lithium-Ion
  • Nickel-Based
  • Lead Acid
  • Solid State Battery
The hybrid system market is projected to grow at a CAGR of 10.79% during the forecast period and is projected to reach USD 40.99 billion by 2022. Owing to the benefits offered by hybrid system, such as elimination of mechanical linkages, improved fuel efficiency and, thereby, decreased tail-pipe emissions, the demand for these systems is projected to grow in near future. Also, secondary factors such as increase in demand for electric & hybrid vehicles, government subsidies for BEVs, and investments in charging infrastructure will fuel the demand for hybrid systems in the coming years.
Regenerative braking system is projected to be the largest segment of the mild hybrid system market, by value. The major factor contributing to the large demand for regenerative braking system in the mild hybrid cars is the fact that it can reduce fuel consumption of a car by 10–25% according to the International Council on Clean Transportation (ICCT). Asia Pacific is the region with the highest growth of regenerative braking system market size in terms of volume and value because of the increasing elctric cars sales volume in the region, followed by North America where the sales of electric vehicles are growing significantly.

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.
Location: United States

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