DUBLIN--(BUSINESS WIRE)--The "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" report has been added to Research and Markets' offering.
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 increasing fuel prices and stringency in legislation governing emission standards are driving the demand for hybrid and electric vehicles across the globe. Owing to the high cost of battery-operated vehicles, OEMs are focused towards increasing hybridization features in ICE vehicles. Hence, the demand for micro- and mild-hybrid vehicles is increasing. In addition to decrease in harmful emissions, these vehicles improve fuel economy significantly.
For instance, micro hybrid with start-stop function reduces fuel consumption by 2-5% compared with ICE vehicle without start-stop function, according to Natural Resource Canada (NRCan). On the other hand, vehicles with 48V architecture called as mild hybrids help in reducing fuel consumption by 8-15%.
Full hybrid vehicles working on higher voltages reduce fuel consumption by 20-50%, and plug-in hybrid vehicles provide 40-80% reduction in fuel consumption. The market growth is restrained by the lack of standardization of the hybrid technologies, which needs to be worked upon by OEMs and Tier-1 companies.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Hybrid System Market, By Battery Type and Region
7 Mild Hybrid System Market, By System Type and Region
8 Hybrid System Market, By Component & Region
9 Hybrid System Market, By Region, Vehicle Type & System Type
10 Competitive Landscape
11 Company Profiles
- Hitachi Automotive
- Johnson Controls
For more information about this report visit https://www.researchandmarkets.com/research/qg3s3k/hybrid_system