Automotive Hybrid Engine: Introduction
- The hybrid engine contains at least one electric motor along with the gasoline engine to drive the vehicle. The three types of hybrid engines are series hybrid, parallel hybrid, and plug-in hybrid. In a series hybrid engine, the electric motor is utilized to provide power to the wheel. The motor receives energy from the battery or from an engine generator. In a parallel hybrid engine, the electric motor and engine both, together, drive the wheel. The plug-in hybrid engine is used when higher power is required to drive the vehicle.
Key Drivers of Automotive Hybrid Engine Market
- Rise in demand for high performance vehicles is offering opportunities to improve vehicle engine efficiency. Rise in disposable income and reduction in tax rates on passenger and commercial vehicles due to the coronavirus pandemic are prompting consumers to own vehicles. Increase in government support across the globe for the adoption of alternate energy vehicles to reduce vehicle emission. According to the United States Environment Protection Agency, hybrid vehicles reduce 20% to 25% carbon emission, which is likely to increase the demand for hybrid engines across the globe.
- Growing awareness about environment protection across the globe is likely to increase the demand for hybrid engines across the globe. Reduce in cost of batteries is anticipated to boost the automotive hybrid engine market across the globe.
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Key Players Operating in Automotive Hybrid Engine Market
The global automotive hybrid engine market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global automotive hybrid engine market are:
- Aisin Seiki
- Cummins Inc.
- BAE Systems
- BorgWarner Inc.
- Continental AG
- Delphi Automotive
- JATCO Ltd
- Magna International
- Denso Corporation
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Schaeffler AG
- Allison Transmission
- Daimler AG
- Ford Motor Company
- Toyota Motor Corporation
- Volvo AB
Global Automotive Hybrid Engine Market: Research Scope
Global Automotive Hybrid Engine Market, by Type
- Parallel Hybrid
- Series Hybrid
- Plug-In Hybrid
Global Automotive Hybrid Engine Market, by Vehicle Type
- Passenger Vehicle
- Hatchback
- Sedan
- Utility Vehicle
- Commercial Vehicle
- Light Commercial vehicle
- Heavy Commercial vehicle
Global Automotive Hybrid Engine Market, by Level
- Full Hybrid
- Micro Hybrid
- Mild Hybrid
Global Automotive Hybrid Engine Market, by Sales Channel
- OEM
- Aftermarket
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