Hybrid Cars Market: Series Parallel Hybrid Cars to Surface as Most Valued Product, predicts TMR

The global hybrid cars market witnesses a high degree of competition between the leading players, namely, Toyota, General Motors, Hyundai, Ford, Nissan, Honda, BMW, and Volkswagen, finds a new study by Transparency Market Research (TMR). Researchers anticipate this rivalry to intensify further in the near future as companies will try to take center stage by introducing new products constantly.

Obtain Report Details @: http://www.transparencymarketresearch.com/hybrid-cars-market.html

As per the research report, the global market for hybrid cars stood at US$102.88 bn in 2015. Rising at a CAGR of 16.50% during the period from 2016 to 2024, the opportunity in this market is likely to reach a value of US$398.90 bn by the end of the forecast period. Currently, series parallel hybrid cars are registering a higher demand than other vehicles. Analysts expect the scenario to continue being so over the next few years, thanks to the unmatched efficiency offered by series parallel hybrid cars.

Continued Strong Demand for Hybrid Cars in Asia Pacific

The report also presents a regional analysis of the worldwide market for hybrid cars that includes its performance in North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America. Asia Pacific has acquired the dominance in this market. It led the overall market in 2015 with a share of more than 70% and is projected to continue to dominate at a high cumulative average growth rate throughout the forecast period. The rise in the awareness level pertaining to the benefits offered eco-friendly vehicles as compared to conventional vehicles among consumers in Asian economies, especially in Japan and China and the increase in various governments’ initiatives to encourage the uptake of hybrid cars are anticipated to ensure the leadership of Asia Pacific market for hybrid cars over the forthcoming years.

On the flip side, Europe and North America are likely to record a moderate progress in their respective markets for hybrid cars in the near future due to motorization. The markets in Latin America and the Middle East and Africa are expected to register sluggish growth in the near future, as the penetration of these cars is minimal in these regions, states the research report.

Make an Enquiry @: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=250

Increasing Level of Air Pollution due to Carbon Emission to Fuel Need for Hybrid Cars

“The increase in air pollution to alarming levels has influenced the uptake of hybrid vehicles remarkably,” says an analyst at TMR. Carbon emission from vehicles is the most prominent factor behind the rising air pollution across the world. The surge in concerns of people regarding this has shifted their interests towards hybrid cars, which are eco-friendly and utilize electricity as the main source of power for their functioning. This, as a result, is reflecting amazingly on the sales of these cars, leading to a thriving future for the global hybrid cars market.

Apart from this, the increasing enforcement of regulations mandating strict emission standards is also anticipated to promote the uptake of hybrid cars substantially over the next few years. However, the high costs associated with hybrid cars, together with the availability of electric cars at much lower rates may limit the market’s growth in the near future, notes the study.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Hybrid Cars Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024.”

The global hybrid cars market has been segmented as follows:

By Type

Series hybrid
Parallel hybrid
Plug-in hybrid
Series-Parallel hybrid

By Energy Source

ICE hybrids
Fuel cell hybrids
Solar hybrid
Natural gas hybrid

By Vehicle Type

Passenger Cars
Commercial Car

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

Name: Rohit Bhisey
Organization: Transparency Market Research
Website: http://www.transparencymarketresearch.com/hybrid-cars-market.html

Latest News

Japan's Fukushima cleanup plan delays removal of fuel rods

Sep 26, 2017

TOKYO — Japan's government on Tuesday approved a revision of its 30-to-40-year plan to decommission the Fukushima nuclear plant, delaying by three more years the removal of radioactive fuel rods stored at two of the three reactors damaged in the 2011 disaster. Six and a half years since a massive earthquake and tsunami struck the plant on Japan's northeastern coast, the amount of contaminated water that must be pumped out and treated every day has decreased significantly, and remote-controlled robots have provided a limited view of melted fuel debris inside the reactors. Still, the exact location of the melted fuel...

3 share 'Alternative Nobel,' US lawyer gets honorary award

Sep 26, 2017

COPENHAGEN, Denmark — The "Alternative Nobel" was given to four people Tuesday for their "courageous work" in human rights, public health and good governance. The prize foundation announced the 2017 winners as Indian human rights lawyer Colin Gonsalves, Azeri journalist Khadija Ismayilova and Ethiopian lawyer Yetnebersh Nigussie. American environmental lawyer Robert Bilott was given an honorary award. The three others share a cash award of 3 million kronor ($374,000). The award's official name is the Right Livelihood Award. Gonsalves was cited "for his tireless and innovative use of public interest litigation over three decades to secure fundamental human rights for...

Evacuations from Bali volcano swell to more than 57,000

Sep 26, 2017

BALI, Indonesia — More than 57,000 people have fled the surrounds of Mount Agung volcano on the Indonesian tourist island of Bali, fearing an imminent eruption, officials said Tuesday. An increasing frequency of tremors from the volcano indicates magma is continuing to move toward the surface and an eruption is possible, said National Disaster Mitigation agency spokesman Sutopo Purwo Nugroho. He said more than 560 volcanic earthquakes were recorded on Monday, most of them shallow. The alert status of Agung was raised to the highest level on Friday following a dramatic increase in seismic activity. It last erupted in 1963,...

Trump directs Ed secretary to prioritize computer science

Sep 26, 2017

WASHINGTON — President Donald Trump on Monday directed his education secretary to prioritize science and technology education and spend at least $200 million annually on competitive grants so schools can broaden access to computer science education in particular. During an Oval Office appearance, where he was surrounded by students from local schools, Trump said more than half of U.S. high schools don't teach computer programming and that nearly 40 percent don't offer physics. He said more widespread access to such instruction will help students develop the skills they need to compete and win in tomorrow's workforce. "Who likes to win?"...

Wanted: 1 million people to study genes, habits and health

Sep 26, 2017

WASHINGTON — In a quest to end cookie-cutter health care, U.S. researchers are getting ready to recruit more than 1 million people for an unprecedented study to learn how our genes, environments and lifestyles interact — and to finally customize ways to prevent and treat disease. Why does one sibling get sick but not another? Why does a drug cure one patient but only cause nasty side effects in the next? Finding out is a tall order. Today, diseases typically are treated based on what worked best in short studies of a few hundred or thousand patients. "We depend on...

Search

Recent Discovery will take you to the captivating developments in science, technology, and the universe around us. We deliver to you the latest news, theories, and developments in the world of science.

Contact us: sales@recentdiscovery.com

Trending News

ScienceAgricultural ScienceArchaeologyAstronomy Press