A hybrid electric vehicle combines two energy sources: mechanical, i.e., internal combustion engine (ICE), and electrical. The size of the gasoline engine in hybrid electric vehicles is smaller than that in traditional vehicles. The combination of these two power sources helps achieve better fuel economy and performance. Hybrid electric vehicles are equipped with efficiency improving technologies such as regenerative braking, which charges the battery by converting kinetic energy into electric energy. Also, many hybrid electric vehicles have start-stop systems, which shut down the ICE when idle and restart it when needed, to reduce idle emissions.
The analysts forecast the Global Hybrid Electric Vehicle market to grow at a CAGR of 20.86 percent over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global Hybrid Electric Vehicle market for the period 2014-2018. To calculate the market size, the report considers revenue generated through the unit shipment of the following types of hybrid electric vehicles: hybrid electric cars, hybrid electric trucks, and other hybrid electric vehicles.
The report, the Global Hybrid Electric Vehicle market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Hybrid Electric Vehicle market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
One major trend emerging in this market is the increase in research and development innovations. Vendors are working upon improving the efficiency and functionality of hybrid electric vehicles to enhance their performance and improve customer satisfaction.
According to the report, one of the main drivers in this market is the increased number of government initiatives for hybrid electric vehicles. Many countries provide customers with subsidies and incentives such as free parking in parking zones and tax exemptions to increase the purchase of hybrid electric vehicles.
Further, the report states that one of the major challenges in the market is the high cost of hybrid electric vehicles. The use of advanced technology in hybrid electric vehicles adds to the high cost. The larger the battery pack, the higher the cost of hybrid electric vehicles.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Hybrid Electric Vehicles by Types of Powertrain
08. Product Segmentation by Type
09. Product Segmentation by Degree of Hybridization
10. Geographical Segmentation
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
20. Other Prominent Vendors
21. Other Reports in this Series
- General Motors
- Nissan Motors
- Volvo Group
For more information visit http://www.researchandmarkets.com/research/f93cf2/global_hybrid
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SOURCE Research and Markets