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Hybrid Drivetrain Market by Future Demand Analysis and Trends Insights to 2027

Hybrid Drivetrain Market by Future Demand Analysis and Trends Insights to 2027

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Hybrid Drivetrain Market by Future Demand Analysis and Trends Insights to 2027

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  1. Hybrid Drivetrain Market by Current Trends and Business Strategies Analysis by Leading Players to 2027 • Growing need for sustainable development coupled with promising outlook for hybrid vehicles is expected to accelerate the adoption of hybrid drivetrain technologies over the upcoming years. Increasing emission of greenhouse gases from the transportation sector and severe environmental impact caused by the fossil fuel-powered vehicles has led to increased government interventions and initiatives to promote the adoption of hybrid vehicles. According to the Argonne National Laboratory statistics, Americans bought 75,959 Hybrid-Electric Vehicles in March 2021, which is a new record-high. • In light of these factors, hybrid drivetrain market is projected to observe a commendable growth by recording a valuation of more than USD 385 billion by 2027, according to a recent report by Global Market Insights, Inc. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Elaborating on the government initiatives, various governing bodies around the globe are actively introducing major tax breaks and incentive programs aimed at promoting the adoption of sustainable transportation. In certain countries, like China and Norway, hybrid vehicles are liable to up to 20% credit of registration charges and other benefits such as exemption of toll tax and parking charges. • Hybrid drivetrains are available in different types such as series, parallel and series-parallel. Of these, parallel hybrid drivetrain is in huge demand in which engine and electric motor works adjacently to generate power that drives the automobile. The system comprises of small battery packs and relies on the regenerative braking for recharging the systems. On account of the elevated product demand, parallel drivetrain segment had held a revenue share of 25% and is expected to grow significantly over the ensuing years. • The product comes in various levels like mild HEV, full HEV and PHEV. Full HEVs are witnessing increased penetration. This can be ascribed to the technological advancements offering improved range capability and enhanced efficiency in synchronized propulsion systems resulting in considerable reduction in payback period of price premium. Besides, the system has larger batteries to meet higher energy requirements for extended range which in turn is fueling the product penetration. With this mounting demand, full HEV segment is estimated to observe a lucrative CAGR of 25% through 2027. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/4495 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • In terms of regional outlook, Asia Pacific stands tall as a strong growth avenue for hybrid drivetrain market. In 2020, the regional hybrid drivetrain industry had accounted for a substantial share of over 60%. This can be credited to enhanced economic scenario and rapidly increasing urbanization resulting in increased sales of personalized motor vehicles in the region. Various initiatives from the countries including China and India to curb the sales of fossil fuel vehicles and dramatic rise in the share of clean energy operated vehicles is complementing the industry expansion further. • Competitive Analysis • The global hybrid drivetrain market is dominated by leading firms such as BAE Systems, Aisin Seiki, Delphi Automotive, ZF Friedrichshafen, BorgWarner Inc., Continental AG, Hofer Powertrain, Denso, JATCO Ltd., Magna International, Obrist Powertrain, Punch Powertrain Nanjing. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Hybrid Drivetrain Market @ https://www.gminsights.com/industry-analysis/hybrid-drivetrain-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4495 Request for customization: https://www.gminsights.com/roc/4495 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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