Hybrid System in Automotive Market Analysis by Size, Share, Trends, Growth, And Regional Forecast To 2023. Global Hybrid System in Automotive Market by Type (Start-Stop, Regenerative Braking, EV Drive), Component (Battery, DC/DC Converter, DC/AC Inverter, eMotor), Battery Type (Li-Ion, Lead Acid), Electric Vehicle Type (Mild Hybrid, HEV, PHEV, EV).

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Hybrid System in Automotive Market Highlights:

The factors responsible for the growth of hybrid system in automotive market are, stringent regulation for emission, increasing sales of electric driven vehicle, and increasing fuel prices is estimated to boost the market demand. The surge in the demand for electric vehicle will result in the increased use of hybrid systems in the vehicles, which will drive the market in future. According to Automobile Association of America (AAA), lower gas prices have not inhibited enthusiasm for electric cars. As per the market research, the demand for electric car is likely to increase in the forecast period.

The Hybrid System in Automotive market is segmented based on type, component, battery type, electric vehicle type, and region. On the basis of system type, the market as segmented based start-stop, regenerative braking, EV drive, others. The regenerative braking segment is expected to dominate the market during the forecast period because it reduces the fuel consumption and increases the efficiency of car by 10-25%. This increase in fuel efficiency will result in the growth of the segment in future. On the basis of component, the market is segmented based on battery, DC/DC converter, DC/AC inverter, and eMotor. The battery segment is expected to dominate the market during the forecast period because it is the key component in electric vehicle. Battery helps in the storage of power which drives the electric vehicle. This storage capability will help the hybrid system market to grow in future. On the basis of battery type, the market is segmented based on Li-Ion, lead acid, and others. Li-ion battery is expected to grow at the highest CAGR during the forecast period. Li-ion battery technology is currently used in a large range of applications, both for consumer market and industrial applications such as electronic devices like mobile phones, laptops and tablets, hybrid-electric vehicles and electric vehicles and others. Currently, the most popular technology of the battery sector is that of the lithium-ion battery. Compared to other battery types, lithium-ion batteries have superior energy, power density and superior cycling ability. These qualities play an important role in electric and hybrid vehicles.

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