Hybrid system is a dynamical system that projects both discrete and continuous dynamic behavior. The global hybrid system market is expected to have a CAGR of 11% during the forecast period 2016-2023. Hybrid systems offers several advantages such as improved fuel efficiency, reduced tail-pipe emissions, elimination of mechanical linkages etc. Additional factors such as surging demand for increase in demand for hybrid and electric vehicles, government subsidies for battery electric vehicle (BEV), and investments in charging infrastructure is expected to fuel the demand for hybrid systems.
The key factor driving the growth of global hybrid system market is the increasing demand for higher voltage systems to increase hybridization. Hybridization has enhanced the abilities of a hybrid system with reduced capital and operating expenses, reduced downtime of the system by enhancing the robustness during the power-quality issues. The adoption of the hybrid system is expected to continuously increase majorly in the land and sea based industry as well as commercial sectors, specifically due to the cost reduction of batteries and increase in energy density. Hybridization of systems increases the flexibility and enhances the capability to integrate a wide variety of common battery bank voltages by using a DC/DC converter. The high voltage systems are also extensively used to store large amount of energy to be used in over-supply situations. Hence the increasing demand for hybridization of systems is expected to positively influence the growth of global market.
Source: OBRC Analysis.
The report on global market includes battery type, system, components and vehicle type.
Batteries used in hybrid system include:
· Lead acid battery
· Lithium ion battery
· Nickel based battery
Systems used in hybrid system include:
· Start-stop system
· Regenerative braking system
· E-booster system
· Other systems
Components used in hybrid system include:
· Battery
· DC/AC inverter
· DC/DC converter
· e-motor
Vehicle types included in hybrid system are:
· Mild hybrid
· HEV
· PHEV
· EV
The report scope is widely categorized on the basis of the vehicle types which include Mild hybrid, HEV, PHEV and EV.
The global hybrid system market report has been geographically segmented in:
· North America (U.S. & Canada)
· Asia Pacific (China, India, Japan, RoAPAC)
· Europe (UK, France, Germany, RoE)
· Rest of World
Geographically, Asia Pacific is the largest region for global market in terms of market revenue share. The key factors driving the market growth in Asia Pacific is the increasing sales of electric vehicles in its developing countries such as India, China, Japan, etc. Furthermore, Government of China is working upon transitioning towards the adoption of hybrid systems in order to end the production and sales of gasoline and diesel automobiles. Also, Government of Japan had initiated “Next-Generation Vehicle Strategy 2010”, according to which it is estimated that the total market share of electric vehicles sales would be 50% of the total vehicle sales by the end of 2020. However, North America is anticipated to emerge as the fastest growing region during the forecast period 2016-2023. This is due to the stringent Corporate Average Fuel Economy (CAFE) standards in U.S. which has supported the adoption of electric and hybrid vehicles in North America to enhance the fuel economy of light trucks and cars.
The report covers segmentation analysis of battery type, system, components and vehicle type. Report further covers segments of types of batteries used in hybrid systems which include lead acid battery, lithium ion battery and nickel-based battery. Lithium ion battery is the dominating battery segment owing to the high power-to-weight ratio, high energy efficiency, efficient high temperature performance, low self-discharge etc. Moreover, the components used in lithium ion batteries are recyclable. Report further covers segments of systems used in hybrid system which includes start-stop system, regenerative braking system, e-booster system, etc. Regenerative braking system is the largest system segment owing to the surging demand for regenerative braking system in the mild hybrid cars in order to reduce the fuel consumption by 10%–25% as per International Council on Clean Transportation (ICCT). Report further covers segments of components used in hybrid system which includes battery, DC/AC inverter, DC/DC converter, e-motor etc. High voltage battery is the leading component segment as it is widely used in plug-in hybrid or complete electric vehicles. Also the battery cost is only 30%-40% of the total electric vehicle cost. Report further covers segments of vehicle types which includes Mild hybrid, HEV, PHEV, EV etc. HEV is the leading vehicle segment owing to the increased adoption of hybrid systems such as start stop, regenerative braking, e-booster etc. in hybrid electric vehicle (HEV). Moreover, conversion of a conventional vehicle into hybrid electric vehicle is the cost effective as compared to PHEVs and BEVs.
The major market players are:
· BOSCH
· DELPHI AUTOMOTIVE
· HITACHI AUTOMOTIVE
· INFINEON TECHNOLOGIES
· MAGNA INTERNATIONAL INC.
· OTHERS
These companies are using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, product and service launch is the key strategy adopted by the companies..
For Example; In October 2017, Bosch launched 48-volt battery for mild-hybrid systems to provide cost efficient battery solutions to its customers.
In April 2016, Delphi Automotive launched 48-volt mild hybrid system that could prove pivotal solutions for automotive manufacturers to meet the future emission regulations and provide effective performance to its customers.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in global market.
Key reason to buy the report:
· The report includes market estimation, forecast and analysis for the year 2016-2023
· Report includes detailed analysis of different segments such as battery type, system, components and vehicle type.
· Identify and understand the strengths, opportunities, challenges and threats.
· Covers detailed analysis of Porters 5 force model and other strategic models and also covers revenues, market share analysis, and competitive landscape analysis of major players.
· Detailed analysis of various regulatory policies which are affecting the global market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global hybrid system market offers detailed analysis of strategic models, such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape with extensive SCOT analysis of key companies.
Key findings:
· The key factor driving the growth of global hybrid system market is the increasing demand for higher voltage systems to increase hybridization.
· Asia Pacific is the largest region in terms of market revenue share.
· Lithium ion battery is the dominating battery segment.
· Product and service launch is the key strategy adopted by the companies.
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