Hybrid electric vehicles are eco-friendly, include reduced emissions and reduced fuel consumption as compared to gasoline engine vehicles, hence the hybrid electric vehicles are gaining popularity across the globe. With several stringent emission policies by various countries, hybrid electric car manufacturers are focusing on developing new hybrid electric car batteries that can be recharged quickly. Data acquisition system and remote monitoring system are being implemented in the hybrid electric vehicles to locate nearby charging stations, help in navigation, etc.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=270
Leading market players are also focusing on improving performance and efficiency of cooling electronics in hybrid electric vehicles, as hybrid electric vehicles employ both electric motor and turbo diesel engine. High energy density and low-discharge rates make Li-ion batteries suitable for hybrid electric vehicles. However, low temperature reduces the energy of the battery, hence manufacturers are focusing on increasing capacity of Li-ion batteries in cold temperatures.
According to the latest report by Fact.MR, the global hybrid electric vehicles market is anticipated to witness robust growth, registering 13.8% CAGR during the forecast period, 2017-2022. Reduced fuel costs, stringent emission policies, high resale value are some of the factors driving the demand for hybrid electric vehicles across the globe.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=270
Manufacturers are also working on delivering lightweight and innovative vehicles to meet changing preferences of customers. Following insights show how the global hybrid electric vehicles market will perform in the next five years.
5 Forecast Highlights on Global Hybrid Electric Vehicles Market
- 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 2024.
- 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.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/270/S
- Stored electricity is expected to be the largest power source for hybrid electric vehicles. Towards the end of 2024, 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.
- 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 2024.
- Compared to commercial hybrid electric vehicles, passenger hybrid electric cars are expected to witness robust growth. By the end of 2024, 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.
For comprehensive insights on this market adoption, ask an analyst here – https://www.factmr.com/connectus/sample?flag=AE&rep_id=270
The report has also profiled leading players in the global market for hybrid electric vehicles, which will remain active through 2024. These include companies such as Nissan Motor Corporation, Limited, Bayerische Motoren Werke AG, Honda Motor Company, Limited, Toyota Motor Corporation, Volkswagen AG, Tesla Motors, Inc., Mitsubishi Heavy Industries Ltd, Renault SA, Ford Motor Company, Daimler AG, and General Motors.
Why Choose Fact.MR?
- Multi-Disciplinary Approach to Solve Market Challenges
- Accurate Regional Demand Estimation And Forecast
- Data Acquisition from Trusted Multidimensional Sources
- Real-Time Competitive Breakdown
- Customized Business Solutions
Explore Fact.MR’s Comprehensive Coverage on Automotive Landscape
Off-Highway Engine Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031: https://www.factmr.com/report/off-highway-engine-market
Autonomous Farm Equipment Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031: https://www.factmr.com/report/autonomous-farm-equipment-market
Aircraft Tugs Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031: https://www.factmr.com/report/2366/aircraft-tugs-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com
