Hybrid Vehicle Market Highlights:
The conventional internalcombustion engine powered vehicles are the most popular types of automobiles onthe basis of fuel type. These automobiles have the highest power-to-weightratio compared to automobiles plying on other fuel types such as battery-poweredvehicles, electric vehicles, and compressed natural gas-powered vehicles. Thesevehicles have an extremely smooth drive provided from the high-powered engineright up to the wheels. The biggest drawback of the internal combustion enginepowered automobiles is the large-scale pollution due to the waste gases emittedfrom them. To tackle the growing problem of pollution, different automotivesocieties and governments from around the world have laid down strictguidelines regarding the emission norms. Hybrid vehicles, thus, provide theperfect balance between the high power, high engine efficiency, high fuelefficiency, and low carbon footprint of that individual automobile.
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On the basis of degree ofhybridization, hybrid vehicles are categorized into micro hybrid, mild hybridand full hybrid. The full hybrid variety is the most popular and registers thehighest sales compared to the other hybrid varieties. The full hybrid vehiclesare built on the principle of pure electric vehicle functionality. The fullhybrid vehicle is installed with a larger electric motor and a battery systemto drive the automobile in the EV mode for a sustained period, thus aidingimproved fuel efficiency. The full hybrid vehicle, thus, provides the highestefficiency, of all hybrid vehicles. The battery in this case operates in thedepleting charge zone and when the battery gets sufficiently discharged, itstarts to function in the reserve mode. The mild hybrid variety is builtto only support and sustain the regenerative braking and the drive assist mode.The battery size, in this case, is much less than the full hybrid vehicle, andthus, the mild hybrid is only operated in the charge reserve mode. In case ofmicro-hybrid vehicles, the battery size is the lowest of all the three types,and only functions in the vehicle start and stop function. The smaller batterysize is compensated by the regenerative braking, which helps in quick rechargeof the battery when the charge reaches below a critical level. Additionally,the battery in micro-hybrid vehicles also provides essential charge and powersupply to the climate control circuits in the vehicle.
On the basis of the componenttype, the hybrid vehicles consist of a battery pack, a transmission line and anelectric motor. The hybrid vehicles use the fossil fuel like petrol or dieselto power the electric generator. The generator provides input drive to theelectric motor. The output from the electric motor is the drive provided to thewheels. The automobile transmission system, also called the drive system, isresponsible for providing the essential drive to the wheels. The smoothness ofthe entire system decides the efficiency of the hybrid vehicle.
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HybridVehicle Market Scope of the Report:
This study provides an overviewof the Global Hybrid Vehicle Market, tracking four market segments across four geographicregions. The report studies key players, including a five-year annual trendanalysis that highlights market size, volume and share for North America,Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report alsoprovides a forecast, focusing on the market opportunities for the next fiveyears for each region. The scope of the study segments the Global HybridVehicle Market by its Electric Powertrain, Propulsion, Component Type, Degreeof Hybridization, Vehicle Type and Region.
By Electric Powertrain
Parallel Hybrid
Series Hybrid
By Propulsion
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Natural Gas Vehicle (NGV)
By Component Type
Electric Motor
Transmission
Battery
By Degree of Hybridization
Micro Hybrid
Mild Hybrid
Full Hybrid Vehicle
By Vehicle Type
Passenger Car
Commercial Vehicle
By Region
North America
Europe
Asia Pacific
Rest of the World
Key Players
The key players in hybrid vehiclemarket are Toyota Motor Corporation (Japan), The Ford Motor Company (U.S.), ABVolvo (Sweden), Continental AG (Germany) and ZF Friedrichshafen AG (Germany).Daimler AG (Germany), Hyundai Motor Company (South Korea), Honda Motor Company,Ltd. (Japan), Schaeffler Technologies AG & Co. KG (Germany), BorgWarnerInc. (U.S.), Delphi Technologies, Inc. (U.K.) and Allison Transmission (U.S.)are amongst the other important players in this market.
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