The report "Hybrid System Market by System

sangharatna
sangharatna 2/19/2019 10:13:03 AM

The report "Hybrid System Market by System (Start-Stop, Regenerative Braking, EV Drive, eBoost), Component (Battery, DC/DC Converter, DC/AC Inverter, eMotor), Battery (Li-Ion, Lead Acid, NiMH), Vehicle (Mild Hybrid, HEV, PHEV, EV) - Global Forecast to 2022", The hybrid system market is projected to grow at a CAGR of 10.79% from 2017 to 2022, to reach a market size of USD 40.99 billion by 2022. The market is primarily driven by the increasing demand for higher fuel efficiency, high voltage applications, and stringent emission regulations by governments that have forced the manufacturers to adopt the hybrid and electric vehicle technology.

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