Hybrid drivetrain market is anticipated to grow at a considerable CAGR of 26.5% during the forecast period. The global hybrid drivetrain market is driven by the increased initiatives taken by governmnet such as zero carbon emission to support the market. Transportaion sector accounts for 18% of total energy consumption in India and this demand is being met by importing crude oil, which contributes an estimated 142 million tonnes of CO2 emissions annually. Owing to which government is insisting setting out EV charging stations by offering capital subsidy through faster adoption and manufacturing of hybrid and electrical vehicles in India, under (FAME) India Scheme Phase II and state level initiatives. In addition, in February 2019, the Government of India reportedly announced a $1.4 billion subsidy program to boost sales of hybrid and electric vehicles in the country. Further, government has also delicenced the activity of setting up EV charging stations to increase private investments to enhance the adoption of market in future.
Moreover, Advanced hybrid drivetrains are increasingly witnessing technological advancements which are further bolstering the overall market outlook. For instance, in July 2019, Toyota reportedly announced the development of its second hybrid transmission at the TMMP plant located in Walbrzych, Poland. However, the increasing number of sales of fuel-based vehicles is likely to hamper the market growth during the forecast period.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2022
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Component
- By Degree of Hybridization
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Autovia Ltd., BAE Systems, BorgWarner Inc., ContiTech AG, Ford Motor Co., Honda Motor Co., Ltd., Jaguar Land Rover Automotive Plc, Toyota Motor Corp., Vantage Power Ltd., ZF Friedrichshafen AG, and others.
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Hybrid Drivetrain Market Report by Segment
By Type
- Series Drivetrains
- Parallel Drivetrains
- Series-parallel Drivetrains
By Component
- Electric Motor
- Power Electronics
- Controller
- Inverter/Converter
- Battery Pack
By Degree of Hybridization
- Mild HEV
- Full HEV
- PHEV
Hybrid Drivetrain Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Allison Transmission, Inc.
- Autovia Ltd.
- BAE Systems
- BorgWarner Inc.
- ContiTech AG
- Hofer Powertrain
- Honda Motor Co., Ltd.
- Jaguar Land Rover Automotive Plc
- Magna International Inc.
- Marelli Holdings Co., Ltd.
- Obrist Powertrain GmbH
- Texas Instruments Inc.
- Vantage Power Ltd.
- Voith GmbH & Co.
- ZF Friedrichshafen AG
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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