Global Hybrid Electric Drive System Market Growth 2025-2031

The global Hybrid Electric Drive System market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Hybrid Electric Drive System is a propulsion technology that combines an internal combustion engine (usually gasoline or diesel) with an electric motor and battery. It allows the vehicle to operate using either the internal combustion engine, the electric motor, or a combination of both, depending on the driving conditions and power requirements.The system uses regenerative braking to recharge the battery by converting the kinetic energy generated during braking into electrical energy. This energy is then stored in the battery and can be used to power the electric motor during acceleration or at low speeds, reducing the reliance on the internal combustion engine and improving fuel efficiency.

United States market for Hybrid Electric Drive System is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Hybrid Electric Drive System is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Hybrid Electric Drive System is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Hybrid Electric Drive System players cover Mahle GmbH, Bosch, Danfoss, BorgWarner, ZF, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Hybrid Electric Drive System Industry Forecast” looks at past sales and reviews total world Hybrid Electric Drive System sales in 2024, providing a comprehensive analysis by region and market sector of projected Hybrid Electric Drive System sales for 2025 through 2031. With Hybrid Electric Drive System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hybrid Electric Drive System industry.

This Insight Report provides a comprehensive analysis of the global Hybrid Electric Drive System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hybrid Electric Drive System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hybrid Electric Drive System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hybrid Electric Drive System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hybrid Electric Drive System.

This report presents a comprehensive overview, market shares, and growth opportunities of Hybrid Electric Drive System market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Low Voltage Electric Drive System
Medium Voltage Electric Drive System
High Voltage Electric Drive System

Segmentation by Application:
Commercial Vehicle
Passenger Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Mahle GmbH
Bosch
Danfoss
BorgWarner
ZF
Mitsubishi
Jing-Jin Electric
Jiangsu Weiteli
Shanghai Edrive
Anhui JEE
Ningde Contemporary Electric
Inovance Automotive
XPT E-powertrain Technology
Ningbo Physis
Ningbo Shuanglin
Zhongshan Broad-Ocean
Huayu Automotive

Key Questions Addressed in this Report

What is the 10-year outlook for the global Hybrid Electric Drive System market?

What factors are driving Hybrid Electric Drive System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Hybrid Electric Drive System market opportunities vary by end market size?

How does Hybrid Electric Drive System break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.