Connect with us

Global Market

Hybrid Vehicles Market Size, Share & Industry Analysis 2024

Published

on

Press Release

Hybrid Vehicles Market

Hybrid Vehicles Market: Summary

The Global Hybrid Vehicles Market is estimated to reach 6,272 (Thousand) Units in 2024 at a CAGR of 9.3 %, predicts forencis research (FSR). Hybrid vehicles use two or more engines who work simultaneously to provide maximum power for reducing fuel consumption and volatile organic compounds (VOC) emissions. Few variants of hybrid vehicles can run completely on electric motor whereas some variants can utilize both gas engines and an electric motor which results in low fuel consumption. These vehicles are mainly powered by Internal Combustion Engine (ICE) but are assisted by an electric motor. Regenerative braking system is one of the advanced technology used in these vehicles which helps is recapturing the lost energy and generate electricity to charge the battery that helps to boost the electric motor while applying breaks. Some key players in Hybrid Vehicles Market are TOYOTA MOTOR CORPORATION, Delphi Technologies,  Ford Motor Company, Continental AG, ZF Friedrichshafen AG, AB Volvo, Daimler AG, Hyundai Motor Co, Honda Motor Co Ltd, BorgWarner Inc and Other Key Companies

Request for sample pdf of Global Hybrid Vehicles Market @ https://www.forencisresearch.com/hybrid-vehicle-market-sample-pdf/

Hybrid Vehicles Market: Drivers & Restraints

Market Drivers:

Rise in Demand for Emission Free Vehicles

The market is growing on the grounds of the growing need for emission free vehicles globally. The prime contributor to air pollution is the transportation sector. As per U.S. Environmental Protection Agency (EPA) on an average, a medium-size vehicle per mile emits 411 grams of CO2 and fuel engine vehicles emits carbon monoxide (CO), sulfur oxides (SOx), nitrogen oxide (NOx) and unburned hydrocarbons (CxHy). The impact of these gases is high on global warming than CO2, which is boosting the demand for emission free vehicles. Hybrid Vehicles are environment-friendly because it emits less CO2 comparatively diesel or petrol-powered vehicles, is fueling the market demand. For instance, India’s objective by 2030 is to have all-electric car vehicles which will help in lowering the import of fuel.

Demand for Low Fuel Consuming Vehicles

Hybrid vehicles need less fuel which results in low emission. These vehicles run on diesel or petrol engine with an electric motor. The purpose of using them together results in low fuel consumption and conserves energy. Hybrid vehicles provide a high fuel economy which results in reducing the overall running cost. According to the International Council on Clean Transportation (ICCT), hybrid systems reduce CO2 emissions and fuel consumption by 35% which is equal to a 50% increase in fuel economy. Hence the demand for low fuel consuming vehicles is expected to drive the hybrid vehicles market during the forecast period.

Request for Report Methodology @ https://www.forencisresearch.com/hybrid-vehicle-market-request-methodology/

Market Restraint:

High Production Cost

Hybrids are more expensive than petrol or diesel engine vehicles due to designing, developing, validating and building reasons. These vehicles include systems like electronic control units, electric inverters & converters, high-voltage batteries, sensors and semiconductors which are not used in conventional vehicles which results in high purchasing costs. Additional complex components add extra cost to hybrid cars. Thus high production cost impacts the market growth of the hybrid vehicles market.

Hybrid Vehicles Market: Key Segments

  • Based on Type: Parallel Hybrids, Series Hybrids, and Plug-in Hybrids.
  • Based on Component: Prime Mover, Electric Motor, Energy Storage System and Transmission System.
  • Based on Propulsion: Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Battery Electric Vehicles (BEVs) and Natural Gas Vehicles (NGV).
  • Based on Vehicle Type: Passenger Vehicles, Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV).
  • Key Regions Covered: North America, South America, Europe, Asia-Pacific Middle East & Africa, South America with individual country-level analysis.

Hybrid Vehicles Market: Report Scope

The report on the hybrid vehicles market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Hybrid Vehicles Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Hybrid Vehicles Market, by Type

  • Parallel Hybrids
  • Series Hybrids
  • Plug-In Hybrids

Hybrid Vehicles Market, by Component

  • Battery system
  • Prime Mover
  • Electric Motor
  • DC/DC Converter
  • DC/AC Inverter
  • Controller
  • Energy Storage System
  • Transmission System

Hybrid Vehicles Market, by Propulsion

  • Hybrid Electric Vehicles (HEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)
  • Battery Electric Vehicles (BEVs)
  • Natural Gas Vehicles (NGV)

Hybrid Vehicles Market, by Vehicle Type

  • Passenger Vehicles
  • Internal Combustion Engine (ICE)
  • Electric Vehicles
  • Light Commercial Vehicles (LCV)
  • Internal Combustion Engine (ICE)
  • Electric Vehicles
  • Heavy Commercial Vehicles (HCV)
  • Internal Combustion Engine (ICE)
  • Electric Vehicles

For more info, you can get consultation analysis @ https://www.forencisresearch.com/hybrid-vehicle-market-consult-with-an-analyst/

Hybrid Vehicles Market, by Region

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific

North America

  • US
  • Canada
  • Mexico

Europe

  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Norway
  • Rest of Europe

Middle East & Africa

  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

South America

  • Brazil
  • Argentina
  • Rest of South America

Purchase Premium Industry Report of Global Hybrid Vehicles Market @  https://www.forencisresearch.com/hybrid-vehicle-market-purchase-now/

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

Contact Us

FORENCIS RESEARCH

Phone: +1 (720) 306 9020

Email: [email protected]

For more market research insights, please visit  https://www.forencisresearch.com

Global Market

Global Lidocaine Transdermal Patch Market Is Expected to Grow At A CAGR of 3.2% from 2020 to 2027

Published

on

Press Release

Lidocaine is categorized as a local anesthetic which acts by blocking the voltage-gated sodium channel in the central nervous system. The rising prevalence of neuropathic pain and technological advancement in the transdermal drug delivery system will together drive the market growth.

Post-herpetic neuralgia is dominating the clinical application segment in the lidocaine transdermal patch market. The growing incidence of Herpes zoster viral infection due to unsafe sex practices is responsible for the disease etiology of post-herpetic neuralgia. It is also known as shingles infection, which recurs due to reactivation of the varicella-zoster viral infection. The early symptoms associate with the shingles infection is the development of cold sores in the genitalia region which is severely painful, burning sensation, and highly sensitive to touch. The joint pain will be projecting exemplary market growth on account of the growing popularity of sports and athletic activities often resulting in acute joint injuries. Additionally, increasing the geriatric population suffering from osteoporosis causing arthritis will further accentuate the market growth.

Browse the full report Lidocaine Transdermal Patch Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027 at https://www.atlanticmarketresearch.com/lidocaine-transdermal-patch-market

Hospital pharmacy is currently ruling the distribution channel segment in the lidocaine transdermal patch market. The rising prevalence of osteoarthritis causing severe joint pains determines the market growth. Different strengths of lidocaine transdermal patch are dispensed by hospital pharmacists according to the degree of pain intensity and kind of joint pain. Retail pharmacies are garnering huge popularity as a sales channel among consumers worldwide. Flourishing generic medicines market in the developing regions further propel its market growth.

North America is currently leading the geography segment for the lidocaine transdermal patch market. The growing incidence of osteoporosis in the geriatric population causing throbbing joint pain primarily drives the market growth in the region. According to the latest information provided by the Center for Disease Control and Prevention (CDC), approximately 20.4 % population in the United States are suffering from chronic joint pain. Additionally, rising public health awareness pertaining to neuropathic pain and its treatment drives the lidocaine transdermal patch market growth in the region. Europe is placed 2nd in the regional segment due to the significant increase in the number of adults suffering from a shingles infection. As per the statistics provided by the European Commission report, the prevalence rate associated with Herpes Zoster in Europe is 2.5 per 1000 people. The Asia Pacific is anticipated to be the fastest-growing regional segment during the forecast period. The constant rise in the injuries associated with sports and athletic activities and flourishing over the counter analgesics market together with determining the lidocaine transdermal patch market in the region.

Pharmaceutical manufacturers actively engaged in the production of Lidocaine Transdermal Patch are Endo International, Plc., Mylan N.V., Teva Pharmaceutical Industries, Ltd., Hisamitsu Pharmaceuticals Co., Inc., Sorrento Therapeutics, Inc., Galen Limited, Seqirus Pty Ltd., ACTAVIS LABS UT INC, CERAMISPHERE and Aetna, Inc.

Key Market Movements:

  • Rising prevalence of shingles infection among the adult population worldwide
  • Significant increase in the number of musculoskeletal disorders causing throbbing joint pains will further accentuate the market growth
  • Technological advancement in the transdermal drug delivery system to provide local anesthetic effect will further propel the market growth

About Atlantic Market Research

Atlantic Market Research is the largest provider of market research and consulting services.

Research and consulting services of Atlantic Market Research help businesses across the globe navigate the challenges in a rapidly growing marketplace with confidence. Our customized and syndicated market research reports deliver sufficient insights that drive sustainable growth.

Contact:
Mr. Trevor Wilson
Atlantic Market Research
911 Central Ave #268
Albany, NY 12206, USA

Website: https://www.atlanticmarketresearch.com
Email: [email protected]

Continue Reading

Global Market

Global Electrosurgical Cutting Forceps Market is expected to grow at a CAGR of 6.0% from 2020 to 2027

Published

on

Press Release

The primary purpose of electrosurgical devices is caused to prevent the bleeding by causing the coagulation of tissue at the site of surgery with the help of either Monopolar or bipolar forceps. Technological advancement in the electrochemical devices and increasing demand for minimally invasive surgical procedures drive the electrosurgical cutting forceps market growth.

In the present situation, the Monopolar forceps are dominating the types segment for the electrosurgical cutting forceps market. The major factors contributing to its market dominance are its applicability in surgical procedures requiring a high degree of tissue desiccation, vaporization and coagulation, and fulguration. Bipolar forceps have gained tremendous demand in the last decade owing to its ability to perform laparoscopic surgical procedures worldwide. Furthermore the ability to coagulate tissue in a fluid environment, and the flow of current being limited to the surgical site ultimately results in the prevention of tissue burns and damages.

Browse the full report Electrosurgical Cutting Forceps Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027 report at https://www.atlanticmarketresearch.com/electrosurgical-cutting-forceps-market

Hospitals and clinics are currently representing the largest end-user market for the electrosurgical cutting forceps. Significant rise in the number of outpatient admissions to undergo the surgical procedure as the only viable treatment option for chronic diseases. Huge funding by healthcare agencies worldwide to provide technological advanced electrosurgical devices to hospitals and clinics worldwide. Ambulatory surgical centers are gaining huge traction owing to its ability to drastically reduce the healthcare cost burden of ailing patients and a significant rise in the number of inpatient population opting minimally invasive surgical procedures throughout the globe.

North America is presently spearheading the geography segment for the electrosurgical cutting forceps market. As per the research findings brought forward by the U.S. Department for Health & Human Services in 2018, approximately 129 million outpatient surgeries were performed in the United States. The chief contributing factors such as increasing demand for non-invasive surgical procedures and the presence of key players such as Aesculap, Inc., Elite Medical, CONMED Corporation, Stryker, etc. further promote a positive impetus to the electrosurgical cutting forceps market growth in the region. In Europe, the market growth is defined by the proactive role adopted by the European Medical Agency (EMA) for the early clearance of electrosurgical devices. Western Europe has been pioneering in the manufacturing of invasive and noninvasive surgical devices for centuries and is anticipated to continue the trend during the forecast period. The Asia Pacific is expected to register comfortable growth in the near future owing to the significant rise in medical tourism. The constant rise in the ambulatory surgical centers to address emergency situations in the remote areas further propels the market growth in the region.

Medical device manufacturers engaged in the production of electrosurgical devices are Aesculap, Inc., Erbe Elektromedizin GmbH, Elite Medical, Medtronic, Plc., Ethicon, Inc., Bovie Medical, CONMED Corporation, Bissinger Medizintechnik GmbH, Stryker and BOWA-electronic GmbH & Co. KG.

Market key Takeaways:

  • Significant increase in the number of surgical procedures performed as the only treatment option for chronic diseases
  • Technological advancement in the development of Monopolar and bipolar forceps minimizing tissue burns and damages
  • Increasing demand for minimally invasive surgical procedures and constant rise in the ambulatory surgical centers together drive the electrosurgical cutting forceps market

About Atlantic Market Research

Atlantic Market Research is the largest provider of market research and consulting services.

Research and consulting services of Atlantic Market Research help businesses across the globe navigate the challenges in a rapidly growing marketplace with confidence. Our customized and syndicated market research reports deliver sufficient insights that drive sustainable growth.

Contact:
Mr. Trevor Wilson
Atlantic Market Research
911 Central Ave #268
Albany, NY 12206, USA

Website: https://www.atlanticmarketresearch.com
Email: [email protected]

Continue Reading

Global Market

Global Mothballs Market is expected to grow at a CAGR of 5.4% from 2020 to 2027

Published

on

Press Release

Mothballs produce fumes which curb the manifestation of moths, larvae, and eggs. The synthetic mothballs produce toxic fumes as they are sublime in nature and can prove toxic on exposure to children. Naphthalene mothballs and 1,4 paradichlorobenzene have potent carcinogenic properties and hence there is been an increasing demand for nontoxic natural mothballs which is moth repellant and deodorant.

The synthetic mothballs are holding the largest market in the type segment for the mothballs market. Chemical moieties such as naphthalene and 1,4 dichlorobenzene are used in manufacturing synthetic mothballs owing to its excellent physicochemical properties such as heat resistance and sublime nature that produces toxic vapors which curbs the manifestation of moths, larvae and eggs in closet, house pantry and toilets. Natural mothballs are manufactured using chemical moieties such as cedarwood oil, camphor oil, and lavender oil, which has potent moth repellent properties and produces good fragrance in closed indoor areas.

Browse the full report Mothballs Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027 at https://www.atlanticmarketresearch.com/mothballs-market

Household demand for mothballs is on a constant rise as the heated house ventilation in cold winters promotes the manifestation of moths. The huge destruction caused to costly textiles, fabrics, cereals, and grains further fortify the household demand for mothballs. The commercial demand for mothballs is increasing due to a concomitant rise in the pest management industry. The availability of mothballs as flakes, marbles, blocks, and cases provides excellent deodorization and sanitation in huge commercial spaces and retail outlets.

North America is considered the largest market for mothballs on account of the climatic conditions which produces excellent breeding grounds for gypsy moths which causes huge destruction of wooden furniture made from hardwood and conifer. Mothballs containing pheromones are currently being used in the Eastern coast of the United States to prevent the spread of gypsy moths westwards. The presence of key players such as Enoz, Boxania, Hovex, Merck Millipore, etc. further provides a positive stimulus to the mothball market growth in the region. In Europe the heated house ventilation during the cold winters provides beneficial breeding grounds for cloth moth and pantry moth which causes destruction of costly textiles, fabrics, cereals, and grains. Chemical companies and academic research institutes are collaborating for the development of natural mothballs and pheromones to curb the manifestation of moths, larvae, and eggs in closed indoor areas in the Eastern Europe region. It is expected that the Asia Pacific will register positive market growth in the forecast period on account of unhygienic sanitary conditions in the house pantry and the emergence of local players pioneering in the production of synthetic mothballs.

Chemical companies engaged in the production of mothballs are Enoz, Boxania, Hovex, Henkel Ltd., Wego Chemical Group, Merck Millipore, Sigma Aldrich, Pan Chem Corporation, Roeper GmbH, and Hangerworld Ltd.

Market Key Takeaways:

  • Constant rise in the manifestation of clothing moth and pantry moth due to heated house ventilation in cold winters
  • Increasing demand for natural mothballs owing to its non-toxic nature and availability in attractive fragrances
  • Mothballs are being developed by addition of pheromones to trap moths in closed indoor areas

About Atlantic Market Research

Atlantic Market Research is the largest provider of market research and consulting services.

Research and consulting services of Atlantic Market Research help businesses across the globe navigate the challenges in a rapidly growing marketplace with confidence. Our customized and syndicated market research reports deliver sufficient insights that drive sustainable growth.

Contact:
Mr. Trevor Wilson
Atlantic Market Research
911 Central Ave #268
Albany, NY 12206, USA

Website: https://www.atlanticmarketresearch.com
Email: [email protected]

Continue Reading

Trending

Copyright © 2019 Melanian News