Global Market Study on Hybrid Electric Vehicles and Growth Analysis Covering Drivers and Trends Forecasted during 2017-2022

ROCKVILLE, US, 2018-Jul-04 — /EPR Network/ —   Hybrid electric vehicles combine conventional Internal Combustion Engine (ICE) system with an electric propulsion system. Hybrid electric vehicles are being equipped with various features such as modern powertrain systems, real-time information on battery level, navigation system, etc. Manufacturers are also focusing on increasing the speed of hybrid electric vehicles. They are also trying to reduce the cost of maintenance and upgrades. Hybrid electric vehicle manufacturers are also integrating remote monitoring systems to navigate heavy traffic and to assess energy consumption and cost. This FactMR report discusses key prospects for growth of global hybrid electric vehicles market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.

The scope of the report is to analyze the global hybrid electric vehicles market for the period 2017-2022 and give readers an accurate, unbiased analysis. Hybrid electric vehicles manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.

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Hybrid electric vehicles combine electric propulsion system with Internal Combustion Engine (ICE) system. These vehicles consist electric powertrain that offers better fuel economy and performance than conventional vehicles. Hybrid electric vehicles also use regenerative brakes for converting kinetic energy into electric energy. Moreover, there is no need to plug-in the batteries in hybrid electric vehicles to recharge as the batteries get recharged by regenerative braking.

Hybrid electric vehicle manufacturers are focusing on providing efficient and durable batteries, as hybrid electric vehicles need frequent charging as it loses its battery power in a very short time. Manufacturers are also adding new features to meet customer expectations. Stringent rules and regulations on vehicle emissions in various countries are also resulting into leading automobile manufacturers moving towards producing hybrid electric vehicles. Also, Li-ion batteries are being used on a large scale in hybrid electric vehicles as these batteries have very low self-discharge rate. However, hybrid electric vehicles still face some challenges such as costs, complex safety requirements, powertrain complexity, etc.

Stored Electricity Power Source to Gain Maximum Revenue Share

Compared to on-board electric generator as a power source for hybrid electric vehicles, stored electricity power source is expected to account for more than three-fourth of the revenue share by the end of 2017. Meanwhile, on-board electric generator will also experience impressive growth during 2017-2022.

Forecast Highlights on Global Hybrid Electric Vehicles Market

1. Asia Pacific Excluding Japan (APEJ) is expected to remain dominant in the global hybrid electric vehicles market. APEJ hybrid electric vehicles market is projected to bring in nearly US$ 16,800 million revenues by the end of 2022.
2. North America hybrid electric vehicles market is also expected to experience impressive growth during 2017-2022. Owing to the government focusing on pollution reduction, zero-emission vehicles are increasingly being promoted, hence, North America is witnessing the growth in adoption of hybrid electric vehicles. Moreover, manufacturers are also introducing cost-effective and lightweight vehicles.
3. Stored electricity is expected to be the largest power source for hybrid electric vehicles. Towards the end of 2022, stored electricity is estimated to reach nearly US$ 33,600 million revenues. Meanwhile, the on board electric generator is also expected to witness significant growth during the forecast period, 2017-2022.
4. Parallel hybrid powertrain system is estimated to account for nearly three-fourth of the revenue share by the end of 2017. The parallel hybrid powertrain system is projected to create an incremental opportunity of over US$ 16,600 million between 2017 and 2022.
5. Compared to commercial hybrid electric vehicles, passenger hybrid electric cars are expected to witness robust growth. By the end of 2022, passenger hybrid electric cars are estimated to surpass US$ 25,200 million revenue. Whereas, commercial hybrid electric vehicles are projected to account for nearly one-third of the revenue share on global revenues by 2017 end.

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Table Of Content:

1. Global Hybrid Electric Vehicles Market – Executive Summary
2. Global Hybrid Electric Vehicles Market Overview
   2.1. Introduction
   2.1.1. Global Hybrid Electric Vehicles Market Taxonomy
   2.1.2. Global Hybrid Electric Vehicles Market Definition
   2.2. Global Hybrid Electric Vehicles Market Size (US$ Mn) and Forecast, 2012-2022
   2.2.1. Global Hybrid Electric Vehicles Market Y-o-Y Growth
   2.3. Global Hybrid Electric Vehicles Market Dynamics
   2.4. Supply Chain
   2.5. Cost Structure
   2.6. Pricing Analysis
   2.7. Raw Material Sourcing Strategy and Analysis
   2.8. List of Distributors
   2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Hybrid Electric Vehicles Market Analysis and Forecast By Power Source 
   3.1. Global Hybrid Electric Vehicles Market Size and Forecast By Power Source, 2012-2022
   3.1.1. Stored Electricity Hybrid Electric Vehicles Market Size and Forecast, 2012-2022
   3.1.1.1. Revenue (US$ Mn) Comparison, By Region
   3.1.1.2. Market Share Comparison, By Region
   3.1.1.3. Y-o-Y growth Comparison, By Region
   3.1.2. On Board Electric Generator Hybrid Electric Vehicles Market Size and Forecast, 2012-2022
   3.1.2.1. Revenue (US$ Mn) Comparison, By Region
   3.1.2.2. Market Share Comparison, By Region
   3.1.2.3. Y-o-Y growth Comparison, By Region

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