Global Hybrid Electric Vehicles Components Market 2018-2023: Industry Trends, Size and Share by Brands, Statistics and Segmentation

Hybrid engines are becoming well established as an addition to conventional engines. Current worldwide sales figures support this trend and suggest that the hybrid market will grow strongly over the coming years. Forecasts of actual market volumes predict sales of more than ten million hybrid electric vehicles by 2023. In the long term, hybrid vehicles will be a complementary solution to electric cars and will use new energy sources such as batteries and fuel cells. In 2017, Toyota sold more than one million hybrid vehicles worldwide. Hybrid technology has been most successful in Japan and the U.S. but also is likely to gain popularity in Europe and China, among others.

Hybrid systems can be divided into three different forms: mild hybrid, full hybrid and plug-in hybrid. The differences are dictated by the performance of the electric motor, the size of the battery and the charging of the battery. In a mild hybrid system, the electric motor can provide support of up to 20 kW and is primarily used to start or accelerate at low engine speeds. The full Hybrid system has a much stronger electric engine of 20 kW to 50 kW and can function at high speeds for short periods of time.

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Plug-in hybrid vehicles are similar to full hybrids but differ in their battery packs. A plug-in hybrid has a much stronger engine of 60 kW to 120 kW and has larger batteries to support longer distance travel.

Unlike on-board charging for mild and full hybrids, a plug-in hybrid vehicle can be charged externally and can act as a pure electric vehicle. In full hybrids and plug-in hybrids, the electric motor can be used to drive the vehicle without the aid of a conventional IC engine for a limited distance.

Components for hybrid electric vehicles will experience continuous market growth with three factors driving worldwide market development. First, European (ACEA), Korean (KAMA), and Japanese (JAMA) automotive manufacturers are working towards emission reduction. This is a result of voluntary commitments as well as current and future emissions laws (especially regarding CO2 emission).

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Secondly, further environmental protection issues, such as those regarding particle emissions, will play an increasingly important role. Finally, the added value that hybrid vehicles can offer through improved driving dynamics without increased energy consumption is a decisive factor.

Higher fuel prices also help hybrid vehicles achieve a higher market share. Regenerative braking substantially helps reduce emissions and fuel consumption. If the mild hybrid system is applied, consumption can be reduced by REDACTED to REDACTED. The full hybrid system combined with a modified brake leads to an even greater potential for reduction. When brakes are applied, an intelligent steering system divides energy between the conventional brake and the hybrid engine. In this way, as much electric energy as possible is recovered and can be used to power the hybrid system. This leads to increased driving comfort and dynamics without increased fuel consumption.

The REDACTED worldwide market for hybrid electric components in 2018 will continue to grow exponentially at a CAGR of REDACTED through 2023. This market is stable and growing due to record high fuel prices, global warming, depletion of fossil fuel stocks and calls for environment friendly cars.

From 2018 to 2023, all 13 components for hybrid electric vehicles will show significant growth. The trend for nine electrical/electronic items (batteries, motors, generators, ultracapacitors, IGBT-inverters, electronic control units (ECU’s), Integrated power units (IPU’s), high voltage wiring and electric compressors for HVAC) indicates a CAGR of REDACTED. This is followed by four mechanical items (engine, continuously variable transmission (CVT), electric power steering and regenerative braking) with a CAGR of REDACTED.

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Companies Mentioned:

• A123 SYSTEMS, LLC
• AISIN SEIKI CO. LTD.
• APTIV PLC
• BLUE ENERGY COMPANY LTD. (GS YUASA)
• BORGWARNER INC.
• BYD COMPANY LTD.
• CHINA AUTOMOTIVE SYSTEMS INC.
• CONTINENTAL AG
• DENSO CORP.
• EATON CORP. PLC
• FUJI ELECTRIC CO. LTD.
• GS YUASA CORP.
• HITACHI AUTOMOTIVE SYSTEMS, LTD.
• JATCO LTD.
• JOHNSON CONTROLS INC.
• KEIHIN CORP.
• LG CHEM, LTD.
• MAGNA INTERNATIONAL INC.
• MAGNETI MARELLI S.P.A.
• MAXWELL TECHNOLOGIES INC.
• NSK LTD.
• PRIMEARTH EV ENERGY CO. LTD.
• ROBERT BOSCH GMBH
• SAFT GROUPE SA
• SAMSUNG SDI CO., LTD.
• SCHAEFFLER AG
• SIEMENS AG
• Toyota Motor Corp.
• UQM TECHNOLOGIES INC.
• VALEO S.A.
• VISTEON CORP.
• YAZAKI CORP.
• ZF FRIEDRICHSHAFEN AG

Table of Contents

Chapter 1 Introduction

Definition and Background

Study Goals and Objectives

Reasons for Doing the Study

Scope 

Methodology

Geographic Breakdown

Analyst's Credentials

BCC Custom Research

Related BCC Research Reports

Chapter 2 Summary and Highlights

Chapter 3 Industrial Overview

Introduction

Hybrid Electric Vehicle Energy Concept

Idle-off Capability

Regenerative Braking Capacity

Engine Downsizing

Extended Battery-Electric Range

Rate of Hybridization (ROH)

Order of Hybridization

Electric Hybridization Rate (HER)

Benefits of Hybrid Electric Technology

Hybrid Type

Degrees of Hybridization

Mild Hybrids

Full Hybrid

Plug-In Hybrid Electric Vehicle (PHEV)

Power Train Configurations

Hybrid Electric Drivetrains

Series

Parallel

Combination

Hybrid Electric Vehicle Component Analysis

Key Points

Chapter 4 Market Dynamics

Introduction

Key Market Growth Drivers

Rising Demand for Hybrid Electric Vehicles and Plug-In Hybrid Electric Vehicles

Tax Incentives and Regulatory Assistance for Plug in Hybrid Electric Vehicles (PHEV's)

Lower Fuel Consumption When Compared to Conventional ICE Vehicles 

Lesser Emissions When Compared to Conventional ICE Vehicles

Dual Benefits of IC Engine and Electric Motor as Prime Mover

Key Market Growth Restraints

High Capital Cost When Compared to Conventional ICE Vehicles

Reduced Tax Benefits and Incentives for HEV's (Excluding PHEV's)

Key Market Growth Opportunity

State Targets to Minimize Use of Fossil Fuels and Stringent Emission Norms

Key Market Growth Challenge

Availability of Alternatives Such as Pure Electric Vehicles, Hydrogen Driven Vehicles, Fuel Cell Driven Vehicles

Chapter 5 Global Components Market of Hybrid Electric Vehicles, by Components

Introduction

Global Market for Components Used in Hybrid Electric Vehicles 

Engines 

Batteries and Battery Software

Motors

Generators

Continuously Variable Transmissions (CVT’s)

Ultracapacitors 

IGBT Inverters 

Electronic Control Units 

Integrated Power Units 

High-Voltage Wiring 

Electric Compressors for HVAC

Electric Power Steering 

Regenerative Braking 

Other Components of Hybrid Electric Vehicles 

Chapter 6 Global Components Market for Hybrid Electric Vehicles, by Type

Overview

Mild Hybrids 

Mild Hybrid Cars and SUV's

Full Hybrid

Full Hybrid Cars and SUV's

Plug-In Hybrid Electric Vehicle (PHEV)

Plug-in Hybrid Electric Cars and SUV's

Chapter 7 Global Components Market for Hybrid Electric Vehicles, by Region

Introduction 

North America 

Asia-Pacific

Europe

Rest of the World

Chapter 8 Competitive Landscape

Industry Overview

Component Manufacturers

OEM's

Market Share Analysis

Market Strategy Analysis

Key Market Developments

New Product Launch, 2015-2018

Contracts and Agreements, 2015-2018

Expansion, 2016-2018

Mergers and Acquisitions, 2017-2018

Other Developments, 2017-2018

Chapter 9 Company Profiles

A123 SYSTEMS, LLC

AISIN SEIKI CO. LTD.

Products Offered

Financials

Recent Developments

APTIV PLC

BLUE ENERGY COMPANY LTD. (GS YUASA)

BORGWARNER INC.

BYD COMPANY LTD.

CHINA AUTOMOTIVE SYSTEMS INC.

CONTINENTAL AG

Products Offered

Financials

Recent Developments

DENSO CORP.

Products Offered

Financials

Recent Developments

EATON CORP. PLC

Products Offered

Financials

FUJI ELECTRIC CO. LTD. 

Recent Developments

GS YUASA CORP.

Products Offered

Financials

Recent Developments

HITACHI AUTOMOTIVE SYSTEMS, LTD.

Products Offered

Financials

Recent Developments

JATCO LTD.

Products Offered

Financials

Recent Developments

JOHNSON CONTROLS INC.

KEIHIN CORP.

Recent Developments

LG CHEM, LTD.

MAGNA INTERNATIONAL INC.

MAGNETI MARELLI S.P.A.

MAXWELL TECHNOLOGIES INC.

Products Offered

Financials

Recent Developments

NSK LTD.

Recent Developments

PRIMEARTH EV ENERGY CO. LTD.

Recent Developments

ROBERT BOSCH GMBH

Products Offered

Financials

Recent Developments

SAFT GROUPE SA 

SAMSUNG SDI CO., LTD.

SIEMENS AG

SCHAEFFLER AG

Recent Developments

TOYOTA MOTOR CORP.

Products Offered

Financials

Recent Developments

UQM TECHNOLOGIES INC.

VALEO S.A.

Overview 

VISTEON CORP.

YAZAKI CORP.

ZF FRIEDRICHSHAFEN AG

Recent Developments

Chapter 10 Appendix

Abbreviations

Report Sources