Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Hybrid Vehicle Market Research Report – Forecast t

Hybrid Vehicle Market 2018
Hybrid Vehicle Market 2018 is latest research report by MarketResearchFuture, the global
Hybrid Vehicle market is expected to Register High Growth Rate during 2018 To 2023.
Report analyzes Hybrid Vehicle Market Key Companies with Size, Share, Trends analysis,
and Key Country Forecast to 2023. Hybrid Vehicle Market Information is segmented by
Electric Powertrain (Parallel, Series), by Propulsion (HEV, PHEV, NGV), by Component
Type (Electric Motor, Transmission, Battery), by Degree of Hybridization, by Vehicle Type
& by Region - Forecast till 2023
The Key Players in Hybrid Vehicle Market Are:
Toyota Motor Corporation (Japan), The Ford Motor Company (U.S.), AB Volvo (Sweden),
Continental AG (Germany) and ZF Friedrichshafen AG (Germany). Daimler AG (Germany),
Hyundai Motor Company (South Korea), Honda Motor Company, Ltd. (Japan), Schaeffler
Technologies AG & Co. KG (Germany), BorgWarner Inc. (U.S.), Delphi Technologies, Inc.
(U.K.) and Allison Transmission (U.S.) are amongst the other important players in this
market.
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Market Scenario:
The hybrid vehicle primarily uses two or more different power sources, namely the
internal combustion engine and the electric generator, which help operate the electric
motor. Types of the fossil fuel such as petrol or diesel are used to drive the petrol engine or
the diesel engine, which in turn drives the electric trains connected to the electric
generator. The electric generator ultimately powers the electric motor. The primary
principle that drives the hybrid vehicles is that different sources of powering the engine
work efficiently corresponding to different speeds. After this, the switching from one fuel to
the other at the right time results in maximum efficiency yielded by the automobile engine.
This ultimately leads to the overall fuel efficiency thus, saving on the fuel cost required for
operating the automobile.
Several factors aid in the growth of the global hybrid vehicle market. Firstly, the rise in
fossil fuel costs has led to customers demanding hybrid vehicles to bring down the
automobile operating cost. Secondly, the governments of leading countries are trying to
reduce the carbon footprint by switching to alternative automobile fuels and the hybrid
vehicle option, which would lead to reduced pollution. Thirdly, the scarcity of the fossil
fuels due to excessive consumption has encouraged automakers to search for newer and
cost-efficient automotive technologies including the hybrid vehicles for safeguarding the