February 07, 2011 11:08 ET

Hybrid Electric Cars Market Expected to Grow 23% Annually Through 2015

ROCKVILLE, MD--(Marketwire - February 7, 2011) - has announced the addition of Industry Experts' new report "Hybrid Electric Cars -- A Global Market Overview" to their collection of Energy market reports. For more information, visit

The widespread acceptance of vehicles incorporating hybrid technology has been the result of growing awareness among consumers, governments and car producers that this technology is here to stay and has to be accepted with open arms. The last decade has witnessed rapid technological advancements in hybrid vehicles, thereby improving their efficiency, and the volatile oil prices have also contributed towards a change of mindset, with more and more motorists opting for the fuel efficient and eco-friendly hybrid car.

The market for hybrid technology types analyzed in this study include Series/Parallel, Parallel, Two-Mode and Others including Plug-In hybrid type. The report analyses the market both in terms of unit sales and market value. Authentic sales analysis has been conducted for global auto giants such as Ford, General Motors, Honda, Lexus, Mercedes, Nissan and Toyota. The study also focuses on Key players such as Hyundai, KIA and BYD F3DM in their respective regions. Sales of Hybrid Electric cars are estimated at 940.3 thousand units in 2010 and are expected to cross the 1 million unit mark in 2011. The Market for Hybrid Electric cars is expected to register an impressive CAGR of 22.9% during 2006-2015 to reach 2.5 million units by 2015.

The report reviews, analyses and projects the Hybrid Cars market for global and the regional markets including North America, Japan, Europe, Asia-Pacific and Rest of World. The regional markets further analyzed for 24 independent countries across North America -- the United States and Canada; Europe -- Top 8 countries consisting France, Germany, Italy, the Netherlands, Spain, Sweden, Switzerland, the United Kingdom and 6 key countries of Austria, Belgium, Greece, Ireland, Norway and Portugal in Rest of Europe; Asia-Pacific -- Australia, China, India, South Korea, New Zealand, Singapore, Taiwan and Thailand.

As a value addition, the report also includes the key data about the top selling hybrid models, sights a glance at existing and upcoming hybrid car models and reviews the major hybrid technologies. Competitive landscape for suppliers of hybrid car components is included in the study for 89 suppliers comprising A123 Systems, Aisin AW, BAE, BorgWarner, Cobasys, Denso, Johnson Controls, Robert Bosch and Toshiba.

For more information, visit

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