London, 09 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Off-highway Hybrid Commercial Vehicles Market 2014-2018, which is expected to grow at a CAGR of 60.16 percent during the period 2013-2018.
“Insulated-gate bipolar transistors have the ability to operate at high voltages, and with technological advancements, the efficiency of IGBTs to work on high voltages would improve,” says Faisal Ghaus, Vice President of TechNavio.
“Improvements taking place in IGBTs would enhance the features of hybrid vehicles, thereby increasing the demand for such vehicles.”
Key Market Drivers
- Fuel Economy
- Increase in Government Incentives
- Stringent Legislation
Key Market Trends
- Growing Environmental Concerns
- Improvements in IGBTs
- Increase in Use of Electronics
Key Market Vendors
- Caterpillar Inc.
- Mitsubishi Corp.
- STILL GmbH
- Toyota Motors Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
