The hybrid system market was valued at USD 18.88 billion in 2016 and is projected to grow at a CAGR of 10.79% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017�2022.Factors such as decreased tail-pipe emission limits, potential fuel savings with adoption of mild hybrids, and tax benefits & incentives/subsidies for adoption of electric vehicles are the key factors fueling the growth of the hybrid system market.

Objectives of the Study:

To define, describe, and project the hybrid system market, by battery type (lead acid, Li-ion battery, and Nickel-based) during the forecast period, in terms of volume and value

To identify and forecast the hybrid system market from 2017 to 2022 based on component (12V battery, high voltage battery, DC/AC inverter, DC/DC converter, DC/DC boost converter, E-motor, motor controller and AC/DC charger), in terms of volume and value at regional level

To analyze and forecast the hybrid system market based on system type (start-stop, regenerative braking, EV drive, E-boost, sailing, and plug-in charging system) and vehicle type (mild hybrid, HEV, PHEV, and BEV) from 2017 to 2022, in terms of volume and value at country level

To identify the market dynamics, including drivers, restraints, opportunities, and challenges, and analyze their impact on the hybrid system market

To analyze the competitive leadership map for the key players based on their product offerings and business strategies to identify the dynamic differentiators, innovators, visionary leaders, and emerging companies in the hybrid system market

The research methodology uses secondary sources, which include associations such as International Organization of Motor Vehicle Manufacturers (OICA), Emission Controls Manufacturers Association (ECMA), European Automobile Manufacturers Association (EAMA), Environmental Protection Agency (EPA), and International Council on Clean Transportation (ICCT) and paid databases and directories such as Factiva and Bloomberg. In the primary research stage, experts from related industries, manufacturers, and suppliers have been interviewed to understand the present situation and future trends in the hybrid system market. The hybrid system market for OE has been derived from forecasting techniques based on electric & hybrid vehicle sales, hybrid system penetration, and electric vehicle regulations incentives.

The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.

To know about the assumptions considered for the study, download the pdf brochure

The hybrid system market ecosystem consists of hybrid system manufacturers such as Bosch (Germany), Continental (Germany), Denso (Germany), ZF (Germany), and Johnson Controls (US). Hybrid system is supplied to major OEMs in the automotive industry including Nissan (Japan), General Motors (US), Toyota (Japan), and others.

Target Audience

Hybrid System Component Manufacturers

Distributors and Suppliers of Hybrid System Components

Independent and Authorized Dealers Hybrid Components

Hybrid System Manufacturers

Electric Vehicle Manufacturers

Industry Associations and Experts

Scope of the Report

Market, By Region Asia Oceania Europe



North America



RoW

Market, By Component 12V Battery



High Voltage Battery



DC/AC Inverter



DC/DC Converter



DC/DC Boost Converter



E-Motor



AC/DC Charger



Motor controller

Market, By Electric Vehicle Type BEV



HEV



PHEV

Market, By System Type Start-stop



Regenerative Braking



EV Drive



E-booster



Sailing



Plug-in Charging System

Market, By Battery Type Lead Acid



Li-ion Battery



Nickel-Based

Mild Hybrid System Market, By System Type Start-stop



Regenerative Braking



E-booster

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with the company�s specific needs.

Market, By Battery Type & Country, 2015-2025 Lithium-Ion



Nickel-Based



Lead Acid



Solid State Battery

(The Countries to be Studied are China, Japan, India, South Korea, Germany, France, Italy, the Netherlands, Norway, UK, US, Canada, Mexico, Brazil, Russia, and South Africa)

Market, By Voltage Architecture, System Type & Region 48V (Mild Hybrid) Start-stop system Regenerative braking E-booster 60V�299V Start-stop system Regenerative braking E-booster Sailing/coating 300V�349V Start-stop system Regenerative braking E-booster Sailing/coating Plug-in charging >349V Start-stop system Regenerative braking E-booster Sailing/coating Plug-in charging (Regions to be considered are Asia Pacific, Europe, North America, and RoW) Mild Hybrid System Market, By System Type & Country Start-stop system Regenerative braking system E-Booster system



(The countries to be studied are China, Japan, India, South Korea, Germany, France, Italy, the Netherlands, Norway, UK, US, Canada, Mexico, Brazil, Russia, and South Africa)

The hybrid system market is projected to grow at a CAGR of 10.79% during the forecast period and is projected to reach USD 40.99 billion by 2022. Owing to the benefits offered by hybrid system, such as elimination of mechanical linkages, improved fuel efficiency and, thereby, decreased tail-pipe emissions, the demand for these systems is projected to grow in near future. Also, secondary factors such as increase in demand for electric & hybrid vehicles, government subsidies for BEVs, and investments in charging infrastructure will fuel the demand for hybrid systems in the coming years.

Regenerative braking system is projected to be the largest segment of the mild hybrid system market, by value. The major factor contributing to the large demand for regenerative braking system in the mild hybrid cars is the fact that it can reduce fuel consumption of a car by 10�25% according to the International Council on Clean Transportation (ICCT). Asia Pacific is the region with the highest growth of regenerative braking system market size in terms of volume and value because of the increasing elctric cars sales volume in the region, followed by North America where the sales of electric vehicles are growing significantly.

The EV drive system is leading the hybrid system market in terms of value because of the high cost of EV drive, which includes key components such as high voltage battery, E-motor, and DC/DC Converter. The cost of high voltage battery, which includes mainly lithium-ion and nickel-based battery, is expected to decline tremendously in the future. According to ICCT (The International Council of Clean Transportation), the cost of battery packs for battery electric vehicle has declined to USD 295 per kWh in 2015. Further, it is anticipated that the cost will come down to USD 154-212 per kWh by 2020. This is impacting the overall EV drive cost, as the key component is high voltage battery.

The high voltage battery is expected to hold the largest market size in hybrid system components market during the forecast period. The high voltage battery is the one of the most important and costly components in a plug-in hybrid or fully electric vehicle. The cost of battery module is up to 30�45% of the total cost of a fully electric vehicle. Although the manufacturers are trying to reduce the cost of battery packs used in EVs so as to make the overall price of the electric vehicle cheaper and reachable to mass market. The market for high voltage battery is projected to remain the largest among the market for other components of the hybrid system.

The lithium-ion battery type is estimated to hold the largest market size during the forecast period mainly because of its popularity in high voltage battery market and its high power-to-weight ratio, good high-temperature performance, high energy efficiency, and low self-discharge. Most of today's plug-in hybrid electric vehicles and full electric vehicles use lithium-ion batteries, though the cost of the battery is high. Nickel-based batteries were having the second major market as of 2016 after lithium-ion battery technology.

Asia Pacifc is estimated to be the largest hybrid system market owing to the increasing electric vehicle sales in countries such as China and Japan. The electric vehicle sales in China and Japan is expected to increase from 0.49 million units and 1.09 million units in 2016 to 2.17 million units and 2.1 million units in 2022, respectively. The Chinese government�s move towards working on a time table to end the production and sales of gasoline as well as diesel cars and Japanese government�s �Next-Generation Vehicle Strategy 2010�, which targets the market share of electric vehicles sales is 50% of total vehicle sales by the end of year 2020, are expected to increase the market of electric vehicles in the Asia Pacific region. Thus, the market for hybrid sytems is also slated to increase with the increasing electric vehicles in the region.

The factor that is restraining the market is the lack of standardization of hybrid technologies such as high voltage battery. There is no such specific industry standards or specification available. The components such as electric motors, starter generators, and energy storage systems can be standardized in order to decrease the R&D cost of developing the hybrid systems. Standardizing the system components is difficult for the manufacturers, and this restrains the market growth. The hybrid system market comprises several regional players and is dominated by a few global players. Some of the key manufacturers operating in the market are Bosch (Germany), Continental (Germany), Denso (Germany), ZF (Germany), and Johnson Controls (US).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst