Global Hybrid System Market, By Vehicle Type (Mild Hybrid, HEV and PHEV), By Battery Type (Lead Acid Battery, Lithium Ion Battery and Nickel Based Battery), By System (Start-Stop, Regenerative Braking, EV Drive, eBoost), By Component (High Voltage Battery, DC/DC Converter, DC/AC Inverter, DC/DC Boost Converter, AC/DC Charger and Others), By Company and By Geography, Forecast & Opportunities, 2027
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
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Global hybrid system market is projected to reach USD 41.1 Billion by 2027, growing at a CAGR of over 10% in value terms owing to increasing demand for electric vehicles, government’s stringent rules for vehicle emission and government focus on decreasing carbon emission.
Moreover, government subsidies for BEVs, and investments in charging infrastructure drives the hybrid systems market. Based on system, EV drive system holds the largest market share in 2021 in terms of value and is expected to maintain its dominance over the next five years as well due to high cost of EV drive. Based on battery type, lithium-ion battery type is estimated to hold the largest market size over the next five years due to its high power-to-weight ratio, high energy efficiency, good high-temperature performance and low self-discharge.
Key Drivers and Trends
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Renewable Energy Integration
Hybrid systems, which combine renewable sources like solar and wind with conventional sources like diesel, offer a sustainable and reliable power solution, especially in areas with limited grid access.
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Government Support
Government policies and incentives, including subsidies and tax rebates, are encouraging the adoption of hybrid vehicles and renewable energy systems.
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Stringent Emission Standards
Growing regulations regarding emissions and environmental concerns are pushing for cleaner energy sources, including hybrid systems.
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Demand for Reliable Power
In developing countries and remote areas, hybrid systems provide a reliable and cost-effective power solution, reducing reliance on traditional fossil fuel generators.
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Advancements in Technology
Innovations in battery storage, energy management systems, and hybrid vehicle technology are further enhancing the efficiency and capabilities of these systems.
Market Segments and Applications
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Hybrid Vehicles
The demand for fuel-efficient and low-emission vehicles is driving the growth of hybrid vehicles, including HEVs (Hybrid Electric Vehicles) and PHEVs (Plug-in Hybrid Electric Vehicles).
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Hybrid Power Solutions
Hybrid systems are used in various industries, including commercial, industrial, and residential sectors, for both on-grid and off-grid applications.
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Hybrid Energy Storage Systems
The combination of different energy storage technologies, like batteries, supercapacitors, and fuel cells, is improving the performance and reliability of hybrid systems.
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Regional Analysis
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Asia-Pacific
This region is expected to be a major growth driver due to the increasing adoption of renewable energy projects and government support for the sector.
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Europe
Stringent environmental regulations and a growing focus on sustainability are driving the demand for hybrid systems in Europe.
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North America
The US and Canada are witnessing a growing trend of hybrid vehicles and renewable energy integration, further fueling market growth.
Some of the major key players operating in global hybrid system market
Schaeffler
Magna
Infineon
Hitachi Automotive
GKN
Denso
Objective of the Study
- To assess the demand-supply scenario of Hybrid System which coversproduction, demand and supply of Hybrid System market globally.
- To analyze and forecast the market size of Hybrid System in terms ofvolume and Value.
- To classify and forecast global Hybrid System based on vehicle type, batterytype, system, component and regional distribution.
- To identify drivers and challenges for global Hybrid System market.
- To examine competitive developments such as expansions, new productlaunches, mergers & acquisitions, etc., in global Hybrid System market.
- To identify and analyze the profile of leading players involved in themanufacturing of global Hybrid System.
Key Target Audience
- Hybrid System manufacturers
- Automobile OEM’s
- Distributors and Suppliers of Hybrid System Components
- Component suppliers
- Research Institutes
- Associations, organizations, forums and alliances related to Hybrid System manufacturers.
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as
|
Attribute |
Details |
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Base Year |
2021 |
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Historical Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
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Regional scope |
North America; Europe; Asia Pacific; South America; Middle East & Africa |
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Country scope |
United States, Mexico, Canada, China, India, Japan, Australia; Germany, France, United Kingdom, Italy, Poland, Austria, Romania, Netherlands, South Africa, UAE, Saudi Arabia, Qatar; Brazil, Argentina, Colombia; |
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Key companies profiled |
Bosch, Continental, Delphi, ZF, Valeo, Schaeffler, Magna, Infineon, Hitachi Automotive, GKN, Denso. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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