According to research firm TechNavio, the Global Hybrid Powertrain Systems Market will grow at a CAGR of 10.86 percent from 2014-2018, in response to increasing need for fuel-efficient, low-emissions vehicles.
About the Report
The latest report by TechNavio focuses on modified government legislation for carmakers, which makes it mandatory for manufacturers to adhere to the new emission standards in all upcoming models. This has led to increased adoption of hybrid powertrain systems, which can help decrease fuel consumption significantly.
“Hybrids, plug-in hybrids, and electric vehicles have now become an alternative and the most viable solution to the emissions issue,” says Faisal Ghaus, Vice President of TechNavio.
“Governments worldwide are playing an active role in protecting the environment and are making efforts to reduce greenhouse gas emissions and the carbon footprint. Developed countries are taking a lead and helping developing countries invest more in technologies that reduce the negative impact on their environment.”
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2018
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Market Growth Drivers:
- Fuel Economy
- For a full detailed list, view our report.
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Market Challenges:
- Battery Issues
- For a full detailed list, view our report.
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Market Trends:
- Growing Environmental Concerns
- For a full detailed list, view our report.
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Key Vendors:
- Allison Transmission
- Bosch Group GmbH
- Eaton Corp.
- Siemens AG
- Other Prominent Vendors:
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on hybrid systems:
If you are interested in more information, please contact our media team at media@technavio.com.
Contacts:
Jes Ellacott, US: +1 630-333-9501
UK: +44
208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com
