This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies
By closing this message or continuing to use our site, you agree to our cookie policy. Learn More
This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Ceramic Industry logo
search
cart
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Ceramic Industry logo
  • News
    • Ceramic Industry News
    • Market Trends
    • Events Calendar
  • Topics
    • Advanced Ceramics
    • Refractories
    • Glass
    • Whitewares
    • Brick and Structural Clay
    • Raw and Processed Materials
    • Firing and Drying
    • Batching and Materials Handling
    • Forming and Finishing
    • Instrumentation & Lab Equipment
    • Decorating
  • New Products
    • New Products
    • Virtual Supplier Brochures
  • Columns
    • IP in Depth
    • Glass Works
    • Ceramic Decorating
    • Taking Care of Business
  • CI Top 14
  • Multimedia
    • Videos
    • Podcasts
    • Photo Galleries
    • Mobile App
    • Webinars
  • Directories
    • Data Book & Buyers' Guide
    • Ceramic Components Directory
    • Materials Handbook
    • Equipment Digest
    • R&D Lab Equipment & Instrumentation
    • Services Directory
    • Take a Tour
  • Explore
    • CI Supplier of the Year Award
    • Blog
    • CI Store
    • Raw & Manufactured Materials Overview
    • Material Properties Charts
    • Market Research
  • Magazine
    • Current Issue
    • Digital Edition
    • Classifieds & Services Marketplace
    • Advertiser Index
  • Contact
    • Classifieds & Services Marketplace
    • Custom Content Marketing Services
Home » Multiple Trends Driving Strong Growth for Hybrid Vehicles
Ceramic Industry NewsAdvanced CeramicsCeramic Industry TopicsMarket Trends

Multiple Trends Driving Strong Growth for Hybrid Vehicles

By geography, the Asia-Pacific region is the highest market due to the huge sales volume in Japan and China.

chart - generic
August 31, 2018
KEYWORDS batteries / ceramics in automotive / ceramics in electronics / ceramics in energy / fuel cells / market reports
Reprints
No Comments

The global hybrid vehicle market accounted for over $68 billion in 2017 and is expected to reach $243.2 billion by 2026, growing at a CAGR of 11.2%, according to a recent report available from Research and Markets. Raising discharge norms, growing eco-friendly initiatives pertaining to fuel emissions, optimum fuel ratio and uninterrupted reduction in battery prices are all trends driving the market. However, increasing vehicle costs and growing demand for battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs) are inhibiting market growth.

On the basis of powertrain, parallel hybrid is one of the fastest-growing markets in the hybrid vehicle market due to its less-complex system and high performance. It is also suitable for long-distance travel. In addition, the energy conversion losses are minimized in a parallel hybrid since the engine and battery are connected to the motor directly. The regenerative braking system is the most commonly used technology in hybrid vehicles. The use of the regenerative braking system and the lesser cost of micro and mild hybrids compared to plug-in electric vehicles (PHEVs) will boost demand for parallel hybrids.

By geography, the Asia-Pacific region is the highest market due to the huge sales volume in Japan and China. Additional details are available at www.researchandmarkets.com.

Related Articles

Multiple Factors Driving Strong Growth for Embedded Instrumentation Market

Multiple Factors Driving Strong Growth for LTCCs

Multiple Trends Driving Growth for Solid Oxide Fuel Cells Worldwide

Hybrid and Electric Vehicles Continue to Drive Growth in Lithium-Ion Batteries

You must login or register in order to post a comment.

Report Abusive Comment

Subscribe For Free!
  • Print & Digital Edition Subscriptions
  • eNewsletters
  • Online Registration
  • Customer Service

More Videos

Events

January 1, 2030

Webinar Sponsorship Information

For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com.

View All Submit An Event

Products

Handbook of Advanced Ceramics Machining

Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

See More Products

Ceramic Industry Magazine

01_CI0519Cover-144px

May 2019

What can Ceramics UK attendees expect to see? Find out in our May issue, and learn about brazing, zirconia structural ceramics, waste heat transfer, and more!

View More Create Account
  • Resources
    • Advertiser Index
    • List Rental
    • Classifieds & Services Marketplace
    • Manufacturing Group
    • Partners
    • Want More?
    • Connect
    • Privacy Policy
    • Survey And Sample

Copyright ©2019. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing