DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/p37hvp/global_hybrid) has announced the addition of the "Global Hybrid Powertrain Systems Market 2014-2018" report to their offering.
The Global Hybrid Powertrain Systems market to grow at a CAGR of 10.86% over the period 2013-2018
The benefits associated with hybrid vehicles are many. They not only reduce fuel consumption but also assist in reducing vehicle emission levels and reducing the carbon footprint. Hybrid vehicles reduce fuel consumption by 10-15 percent. Hybrid powertrain systems are used in hybrids, plug-in hybrids, and electric vehicles.
The increasing use of electronics has become a trend that is proving to have a positive impact on this market. The electronic components assist powertrain systems to exchange messages, sense signals and control signals for their operations.
According to the report, The Global Hybrid Powertrain Systems market has taken center stage mainly because of modified government legislation for carmakers. The changed legislation makes it mandatory for carmakers to adhere to the new emission standards in all new upcoming models. There is increased adoption of automatic transmission systems in vehicles especially in emerging economies. Hybrid powertrain systems work more efficiently in automatic transmission systems.
Further, the report states that high upfront cost of hybrid technology is one of the major challenges that the market faces. The cost of components that are used in the manufacturing of powertrain systems are high, along with design and quality control costs that eventually add to the overall cost of the whole powertrain system.
- Allison Transmission
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Application
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/p37hvp/global_hybrid