Plug-In Hybrid Electric Vehicle Powertrain Market Trends and Report 2022-27

Business News

The latest research study “Plug-In Hybrid Electric Vehicle Powertrain Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global plug-in hybrid electric vehicle powertrain market is expected to exhibit a CAGR of 18.80% during 2022-2027.

A plug-in hybrid electric vehicle (PHEV) powertrain represents an assembly of several critical elements that work together to transfer power from the battery system of the automobile to the motors. It essentially consists of an inverter, battery pack, DC-AC converter, power distribution module, electric motor, and onboard charger. A plug-in hybrid electric vehicle powertrain has 60% fewer parts than an internal combustion engine and more powerful batteries that allow faster acceleration. In addition, it is a lightweight, compact system that delivers instant torque and renders extremely low vibrations.

Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/plug-in-hybrid-electric-vehicle-powertrain-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into thereport.

Plug-In Hybrid Electric Vehicle Powertrain Market Trends and Drivers:

The expanding automotive sector and the continued electrification of components are primarily driving the plug-in hybrid electric vehicle powertrain market. Besides this, the escalating need for lightweight driveshafts to enhance fuel efficiency and improve vehicular performance is further augmenting the market growth. Moreover, various improvements in powertrain technology, such as the introduction of piezoelectric instruments that minimize the size of the battery, improve the range, and accelerate the charging speed, are also catalyzing the global market. Apart from this, the elevating requirement for this system across countries, owing to the growing consumer concerns towards the harmful effects of greenhouse gas emissions on the atmosphere, is acting as another significant growth-inducing factor. Furthermore, the launch of several policies by the government bodies to reduce carbon footprints and provide purchase grants, related incentives, tax rebates, utility rate reductions, and parking privileges to the consumers is anticipated to propel the plug-in hybrid electric vehicle powertrain market over the forecasted period.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/plug-in-hybrid-electric-vehicle-powertrain-market

Plug-In Hybrid Electric Vehicle Powertrain Market 2022-2027 Analysis and Segmentation:

The report has segmented the market on the basis of

Breakup by Component:

  • Transmission
  • Motor/Generator
  • Battery
  • Engine
  • Controller
  • Axles
  • Others

Breakup by Powertrain Type:

  • Series Hybrid
  • Parallel Hybrid

Breakup by Position Type:

  • Front Wheel Drive
  • Rear Wheel Drive
  • All Wheel Drive

Breakup by Vehicle Type:

  • Passenger Cars
  • Commercial Vehicle

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Contact Us:

IMARC Services Private Limited.

30 N Gould St Ste R

Sheridan, WY 82801 USA – Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Leave a Reply