TechNavio today launched its report Global Hybrid Electric Vehicle Battery Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said; ”The recent surge in the production of Hybrid Electric Vehicles (HEVs) in various countries is one of the most significant trends observed in the Global HEV Battery market. For instance, in its twelfth five-year plan, the Chinese Government stated its plans to increase the production of HEVs in the country to boost the growth of the Renewable Energy industry. This is a result of the commitment of the country to reducing carbon emissions. Furthermore, the HEV market in the US is witnessing the formation of partnerships aimed at expanding the market at a rapid pace. The limited oil supply in the US is also forcing the Government to rely on HEVs. These factors together are a major encouraging trend prevailing in the market.”
According to the report, HEVs result in lower vehicle emissions compared to full internal combustion vehicles (ICVs), leading to the growth of the Global HEV Battery market.
Further, the report also discusses that limited performance of HEVs is one of the negative factors slowing the growth of the Global HEV Battery market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/Pg2Ty
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TechNavio Announces the Publication of its Report – Global Hybrid Electric Vehicle Battery Market 2011-2015
