REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
---|---|---|
USD 71.53 billion by 2029 | 10.79% | Asia-Pacific |
By Vehicle Type | By Battery Type | By System | By Component | By Region |
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SCOPE OF THE REPORT
Hybrid System Market Overview
The Hybrid System Market is expected to grow at 10.79% CAGR from 2023 to 2029. It is expected to reach above USD 71.53 billion by 2029 from USD 28.44 billion in 2022.
The Hybrid System Market is a dynamical system that shows both continuous and discrete dynamic activity. It is combination of both techniques and methods of the dynamic systems. The systems that integrate neural nets and fuzzy logic, or electrical and mechanical drivelines are frequently referred as hybrid dynamical systems. These systems have various advantages like increased fuel efficiency, exclusion of mechanical linkages, low tail-pipe emission, allows greater modeling flexibility while dealing with dynamic phenomena and incorporating a broader range of systems within structure.
Parallel hybrid bus and Series hybrid bus are two different types of hybrid systems. In parallel hybrid bus the internal combustion engine (ICE) and electric motors are independently connected to the transmission, ICE gives better fuel efficiency at higher speed. In Series hybrid bus, the ICE is connected to electric generator. Hybridization has enhanced the system’s ability by boosting the durability of the system and reduced the operating expenses. The adoption of hybrid system is expected to rise in the land and sea-based industry, and commercial sector, which will boost the growth of the hybrid system market.
The growth of the market is primarily driven by increasing the demand for high fuel efficiency, high voltage applications, and government’s regulations for stringent emission and to decrease the carbon emission have forced manufacturers to adopt the hybrid and electric vehicle technology.
ATTRIBUTE | DETAILS |
Study period | 2023-2029 |
Base year | 2022 |
Estimated year | 2023 |
Forecasted year | 2023-2029 |
Historical period | 2018-2022 |
Unit | Value (USD BILLION) |
Segmentation | By  Vehicle Type, By Battery Type, By System, By Component, By Region |
By Type
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By Battery Type
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By System
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By Component
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By Region
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The hybrid systems have various advantages like increased fuel efficiency, exclusion of mechanical linkages, low tail-pipe emission these factors are driving the market growth and are expected to drive the growth in forecast years. The government’s stringent rules for decreasing the carbon emission and vehicles emission are raising the demand for electric vehicles. For instance, it is crucial to introduce alternative means in the transportation sector given the commitments made by governments around the world during the COP21 Summit held in Paris to reduce emission intensity by 33–35% by 2030 from 2005 levels. This is because these commitments are expected to coincide with global economic growth, rising urbanization, increased travel demand, and a nation’s energy security. These elements are anticipated to fuel the global market growth for hybrid systems.
The market expansion for hybrid systems is being constrained by the lack of standardized hybrid technology, such as high voltage batteries. There are no existing norms or requirements for the industry. To save the cost of R&D for developing hybrid systems, components including electric motors, starter generators, and energy storage devices can be standardized. The inability of manufacturers to standardized system components is anticipated to restrain the growth of the hybrid system market during the forecast period.
Rise in government subsidies & policies on electric & hybrid vehicle purchase, lack of charging station for electric vehicles, and rise of investment in R&D for hybrid system technology will act as an opportunity for growth of hybrid system market.
The hybrid system market is reaching its pre-COVID state in short period of time, and it is expected to grow in forecast years. The COVID-19 affected various markets; hybrid system market is no exception. The lockdown has caused transportation bans and many business shutdowns which affected the global supply chain of the market. Hybrid system was an evolving sector before the pandemic since; the demand for hybrid vehicle was increasing. But COVID-19 had a positive impact on the electric vehicles market since the sales of electric vehicles has increased than the previous year which affects the sale of hybrid vehicles which in turn affects the hybrid system market.
Hybrid System Market Segment Analysis
The Hybrid System Market is segmented based on Vehicle Type, Battery Type, System, Component and Region, Global trends and forecast.
By Vehicle type, the market is bifurcated into Mild Hybrid, EV, HEV and PHEV, by Battery Type market is bifurcated into Lead Acid Battery, Lithium Ion Battery, Nickel based Battery, by System market is bifurcated into Start-Stop, Regenerative Braking, EV Drive, and e-Boost. By Component market is bifurcated into High voltage Battery, DC/AC Convertor, DC/AC Invertor and Region, Global trends.
In terms of vehicle type, the hybrid system market is segmented into Mild Hybrid, EV, HEV, and PHEV. The EV segment dominates the hybrid system market and accounts for largest share of 41% of the total market. To reduce the carbon emission the adoption of EV vehicles is growing across the world, which will eventually increase the demand contributing to the growth of hybrid system market.
In terms of battery type the market is divided into Lead Acid battery, Lithium battery, and Nickel based battery. Based on battery type the lithium ion battery holds the largest share. The lithium ion battery is popular in high voltage battery market because of its high power-to-weight ratio, good high temperature performance, high energy efficiency, and low-self-discharge. Most of the hybrid and fully electric vehicles use lithium ion batteries. The nickel based batteries holds the second place in the market.
In terms of system type the hybrid system market is segmented into Start-stop, Regenerative braking, EV drive and e-boost. The regenerative braking held the largest share of 38% in 2021. The demand for regenerative braking cars is increasing as these cars reduce the fuel usage by 10-25 %. The EV drive segment is expected to grow at 10.79% CAGR in forecast years.
In terms of components the market is divided into High voltage Battery, DC/AC Convertor and DC/AC Invertor. Based on components the high voltage battery is expected hold the largest share. High voltage battery is important and costly component in hybrid and electric vehicles. The market of high voltage battery is projected to remain largest during forecast years.
Hybrid System Market Players
The Hybrid System Market key players include Bosch, Continental, Magna International, Denso, Delphi, Johnson Controls, ZF, Valeo, Hitachi Automotive, Schaeffler, Infineon, GKN, Adgero Hybrid Systems, , Odyne Systems Llc.
Who Should Buy? Or Key Stakeholders
- Automotive & Transportation Manufacturers
- Automotive Companies
- Industrial Supplier
- Motor Manufacturers
- Research Organizations
- Investors
- Regulatory Authorities
- Others
Hybrid System Market Regional Analysis
The Hybrid System Market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Poland, Austria, Russia, and Rest of Europe
- South America: includes Brazil, Argentina, Colombia, and Rest of South America
- Middle East & Africa: includes UAE, Saudi Arabia, South Africa, and Rest of MEA
Based on regions the Asia-Pacific region holds the largest market share of 37% of the global market and it is projected to grow at 10.79% CAGR during forecast period. The sales of the electric vehicles is incresing in the countries like China, India and Japan which has accelerated the maket growth. The electric vehicles in China and Japan are expected to increase in coming years. The chinese government is working on to end the production and sales of the gasoline and diesel cars and Japnese Government is initiated “Next-Generation Vehicle Strategy 2010” , which targets the eclectric vehicles market incresing elecric vehicles sales by 50% of thotal vehicles by the year 2020. Thus as electric vehicles sales is incrasing the hybrid systems market is also growing.
During the projection period, the North American region is anticipated to experience considerable growth at a CAGR of 10.79%. The U.S.’s strict corporate average fuel-economical standards, which have encouraged the use of electric and hybrid vehicles in the area, are boosting the demand for hybrid systems.
The European hybrid and electric cars market is highly copetiotive as compared to other regions due to presecnce of large number automakers within the region but demand is still at early adoption stage. In forecast years the market will show considerable growth in this region.
Key Market Segments: Hybrid System Market
Hybrid System Market By Vehicle Type, 2023-2029, (USD Billion)
- Mild Hybrid
- EV
- HEV
- PHEV
Hybrid System Market By Battery Type, 2023-2029, (USD Billion)
- Lead Acid Battery
- Lithium Ion Battery
- Nickel Based Battery
Hybrid System Market By System, 2023-2029, (USD Billion)
- Start-Stop
- Regenerative Braking
- EV Drive
- Eboost
Hybrid System Market By Component, 2023-2029, (USD Billion)
- High Voltage Battery
- Dc/Ac Convertor
- Dc/Ac Invertor
Hybrid System Market By Region, 2023-2029, (USD Billion)
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered.
Key Question Answered
- What is the current size of the Hybrid System Market?
- What are the key factors influencing the growth of Hybrid System Market?
- What are the major applications for Hybrid System vehicles?
- Who are the major key players in the Hybrid System Market?
- Which region will provide more business opportunities for hybrid vehicles in future?
- Which segment holds the maximum share of the Hybrid System Market?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global Hybrid System outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 on Hybrid System market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global Hybrid System outlook
- GLOBAL HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLION)
- Mild Hybrid
- EV
- HEV
- PHEV
- GLOBAL HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION)
- Lead Acid Battery
- Lithium Ion Battery
- Nickel Based Battery
- GLOBAL HYBRID SYSTEM MARKET BY SYSTEM (USD BILLION)
- Start-Stop
- Regenerative Braking
- EV Drive
- E-Boost
- GLOBAL HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION)
- High Voltage Battery
- DC/AC Convertor
- DC/AC Invertor
- GLOBAL HYBRID SYSTEM MARKET BY REGION (USD BILLIONS)
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Poland
- Austria
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles*
(Business Overview, Company Snapshot, Products Offered, Recent Developments)
- Bosch
- Continental
- Magna International
- Denso
- Delphi
- Johnson Controls
- ZF
- Valeo
- Hitachi Automotive
- Schaeffler
- Infineon
- GKN
- Adgero Hybrid System
- Odyne Systems Llc.
 *The Company List Is Indicative
LIST OF TABLES
TABLE 1 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 2 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 3 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 4 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 5 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HYBRID SYSTEM MARKET BY REGION (USD BILLIONS), 2020-2029
TABLE 6 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 7 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 8 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 9 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA HYBRID SYSTEM MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â US HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â US HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HYBRID SYSTEM MARKET BY VEHICLE TYPE (BILLIONS), 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA HYBRID SYSTEM MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA -PACIFIC HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA -PACIFIC HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA -PACIFIC HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA -PACIFIC HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA -PACIFIC HYBRID SYSTEM MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HYBRID SYSTEMBY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA HYBRID SYSTEMBY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HYBRID SYSTEMBY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE HYBRID SYSTEM MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â UK HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â UK HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â UK HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â UK HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â POLAND HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â POLAND HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â POLAND HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â POLAND HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â RUSSIA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â RUSSIA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â RUSSIA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â RUSSIA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â AUSTRIA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â AUSTRIA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â AUSTRIA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â AUSTRIA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST ABD AFRICA HYBRID SYSTEM MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â UAE HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â UAE HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â UAE HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â UAE HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HYBRID SYSTEM MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HYBRID SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HYBRID SYSTEM MARKET BY SYSTEM (USD BILLIONS), 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HYBRID SYSTEM MARKET BY COMPONENT (USD BILLION), 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HYBRID SYSTEMS BY VEHICLE TYPE, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HYBRID SYSTEMS BY BATTERY TYPE, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL HYBRID SYSTEMS BY SYSTEM, USD BILLION, 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL HYBRID SYSTEMS BY COMPONENT, USD BILLION, 2020-2029
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL HYBRID SYSTEMS BY REGION, USD BILLION, 2020-2029
FIGURE 13          PORTER’S FIVE FORCES MODEL
FIGURE 14Â Â Â Â Â Â Â Â Â Â HYBRID SYSTEM MARKET BY VEHICLE TYPE 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â HYBRID SYSTEM MARKET BY BATTERY TYPE 2021
FIGURE 16Â Â Â Â Â Â Â Â Â Â HYBRID SYSTEM MARKET BY SYSTEM 2021
FIGURE 17Â Â Â Â Â Â Â Â Â Â HYBRID SYSTEM MARKET BY COMPONENT 2021
FIGURE 18Â Â Â Â Â Â Â Â Â Â HYBRID SYSTEM MARKET BY REGION 2021
FIGURE 19Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 20Â Â Â Â Â Â Â Â Â Â BOSCH: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â CONTINENTAL: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â MAGNA INTERNATIONAL: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â DENSO: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â DELPHI: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â JOHNSON CONTROLS: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â ZF: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â VALEO: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â HITACHI AUTOMOTIVE: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â SCHAEFFLER: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â INFINEON: COMPANY SNAPSHOT
FIGURE 31Â Â Â Â Â Â Â Â Â Â GKN: COMPANY SNAPSHOT
FAQ
The Hybrid System Market size was USD 31.51 billion in 2022 and will observe a CAGR of more than 10.79 % up to 2029.
Asia-Pacific held more than 35% of the Hybrid System Market revenue share in 2022 and will witness expansion in the forecast period.
Stringent emission norms, favorable government policies, and increasing sales of electric vehicles are expected to drive the demand of global hybrid system market.
Based on the battery type, the market is divided into lead acid battery, lithium-ion battery, and nickel-based battery. Lithium-ion battery is expected to capture the largest market share in the forecast period.
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