Hybrid Electric Vehicles (HEVs) Market to Grow at 10.53% CAGR to 2019 Says a New Research Report at RnRMarketResearch.com
Dallas, Texas (PRWEB) May 11, 2015 -- According to “Global Hybrid Electric Vehicles (HEVs) Market 2015-2019” report advances in technologies over the years have led to increased usage of various battery-operated devices worldwide. This, in turn, has led to an increase in energy usage, especially batteries. HEVs are increasingly being equipped with various innovative features such as GPS navigation systems and modern powertrain systems as well as air-conditioning systems, power windows, and displays that give real-time information about the battery charge level. All these consume a substantial amount of battery power. Thus HEVs loses their battery power in a shorter time and therefore they require frequent charging. As a result, there is increased need for efficient and durable rechargeable batteries, which has led to a growth in the use of Li-ion batteries in HEVs. The analysts forecast Global Hybrid Electric Vehicles (HEVs) market to grow at a CAGR of 10.53% over the period 2014-2019.
Complete report spreads across 86 pages, the report provides growth prospects in the coming years, calculate market size based on unit shipments of hybrid electric cars and also 34 List of Exhibits. Read report on Hybrid Electric Vehicles (HEVs) Market at http://www.rnrmarketresearch.com/global-hybrid-electric-vehicles-hevs-market-2015-2019-market-report.html .
Increased consumer awareness has fueled the demand for Hybrid Electric Vehicles (HEVs) in recent years, which will continue to boost market growth through the forecast period. According to the report “Global Hybrid Electric Vehicles (HEVs) Market 2015-2019”, in recent years, increased marketing by vendors and widespread education about the benefits of HEVs have helped these vehicles gain popularity among end-users. Several initiatives are being taken to create awareness among consumers about the energy efficiency and environmental benefits offered by HEVs such as reductions in air and noise pollution. For instance, Ford's website offers a detailed explanation about the benefits of electric vehicles and related technologies. Consumers can view videos, text, and cutaway diagrams to get insights on the technology and customize options as per their driving habits and needs. Thus, increased consumer awareness has fueled the demand for HEVs in recent years, which will boost the market growth in the future. The latest industry analysis report also draws attention towards advances in technology and new features that have led to increased use of battery-operated vehicles worldwide.
Increased marketing by vendors and widespread education about the benefits of HEVs have helped these vehicles gain popularity among end-users. Several initiatives are being taken to create awareness about the energy efficiency and environmental benefits offered by HEVs, like reductions in air and noise pollution. The report recognizes the following companies as the key players in Global Hybrid Electric Vehicles (HEVs) Market 2015-2019: Ford Motor, Honda Motor, Hyundai Motor, Toyota Motor and Volkswagen.
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Other Prominent Vendors in the market are: Daimler, General Motors, Mazda, Mitsubishi and Nissan Motors
Further, the report states that the cost of these vehicles is expected to affect the growth of the market during the forecast period.
Other Related Report:
Global Lithium Iron Phosphate Battery Market 2015-2019: Analysts forecast the Global Lithium Iron Phosphate Battery market to grow at a CAGR of 20% over the period 2014-2019. The report covers the present scenario and the growth prospects of the Global Lithium Iron Phosphate Battery market for the period 2015-2019. The market has been segmented on the basis of the following: end-user industry application (EVs and HEVs, consumer electronics, renewable power, and others) and geography.
Key Vendors: A123 Systems, BYD, Electric Vehicle Power System Technology, Hi power New Energy Group and Shenzhen OptimumNano
Other Prominent Vendors: Phostech, Pihsiang Energy Technology, Pulead Technology Industry, Victory Battery Technology, K2Energy, GAIA and LiFeBATT
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