The Hybrid Vehicle Market report evaluates the important characteristics of the Hybrid Vehicle market based on present industry scenarios, market demands and business strategies. The Market report separates the Hybrid Vehicle industry based on the Types, Applications, Key Players & Regions.
The Global Hybrid Vehicle Market is anticipated to record a CAGR of 5.78% during the forecast period. Stringent emission norms, government incentives for the use of hybrid vehicles, and concern for fuel efficiency, are the factors driving the global hybrid vehicle market. In 2017, Hybrid Electric Vehicles (HEV) hold the largest market share followed by Plug-In Hybrid Electric Vehicles (PHEV).
Regenerative Braking and Large Batteries are a Cost Effective Solution
The most commonly used hybrid vehicles are equipped with batteries of higher charge storage capacities through which they help in an extended drive distance, which is further complimented by regenerative braking.
With technological innovations, lithium-ion batteries emerged as a combo-addition to the traditional battery, supporting the lead-acid battery to hold the charge for a longer time. However, increase in the weight and space have urged innovators to revamp this combination into a battery with the voltage ranging from 24V to 48V. Latest lithium iron phosphate battery proves to be robust in performance and ampere holding capacity. The composite iron phosphate added to the lithium has improvised properties, such as, improved fuel efficiency, reduced emissions, high power capabilities, and wider temperature operating range, as compared to other lithium ion batteries, and this has ruled out the deployment of two batteries in a single vehicle. The combination of lead-acid battery and a smaller lithium-ion battery did not prove to be much reliable, as additional hardware and complexity in integration resulted in moderate performance, compared to that of single battery type.
Low Operating and Maintenance Costs
The benefits of micro-hybrid vehicle over pure ICE vehicles, such as, lower operating cost with 5-15% less fuel expenditure. Furthermore, micro-hybridization has become one of the cheapest and easiest solutions for increasing fuel efficiency of a passenger car. The reason is primarily attributed to technologies, such as, the start-stop system and regenerative braking. The aforementioned factors help to drive emerging countries in the adoption of micro-hybrid vehicles as fuel-efficient vehicles during the forecast period.
Ask for Sample Copy of Report @ https://www.industryresearch.biz/enquiry/request-sample/13102124
Hybrid Vehicle market report provides the comprehensive analysis of the market, based on leading players of present, past of Hybrid Vehicle Industry and resourceful data that will act as a supportive guide for leading players.
Major Key Players of Hybrid Vehicle Market Report: Toyota, Nissan, Honda, Hyundai, Kia, Suzuki, Mercedes-Benz, Volvo, Volkswagen Group, BMW, Ford, Audi, Mitsubishi, BYD Co Ltd, Chevrolet.
Key Stakeholders in Hybrid Vehicle Market Report:
Reasons to Purchase this Report:
Price of Report: $ 4250 (Single User License)
Purchase Report @ https://www.industryresearch.biz/purchase/13102124
In a word, the Hybrid Vehicle Market report provides major statistics on the state of the Hybrid Vehicle industry and is a valuable source of guidance and direction for companies and individuals interested in the market.