Hybrid System in Automotive Market Research Report -Global Forecast To 2027

Hybrid System in Automotive Market Research Report by Type (Start-Stop, Regenerative Braking, EV Drive), Component (Battery, DC/DC Converter, DC/AC Inverter, eMotor), Battery Type (Li-Ion, Lead Acid), Electric Vehicle Type (Mild Hybrid, HEV, PHEV, EV)

ID: MRFR/AM/3664-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


The automotive manufacturers have started moving towards mid hybrid vehicles because the cost of manufacturing conventional vehicle is higher as compared to mid hybrid vehicle. The hybrid system in automotive constitutes various electric generated systems such as Start-Stop, Regenerative Braking, EV Drive, Others. This system enables the vehicle to reduce the emission which in turn saves the environment from its ill effects. Various components such as Battery, DC/DC Converter, DC/AC Inverter, and eMotor are integrated in the vehicle to increase the efficiency of the vehicle. Furthermore, the government of various countries have taken initiatives to increase the sales of electric vehicles. In countries such as India, Singapore, Indonesia, Brazil, and MEA regions, the government has planned to invest more and welcome several electric vehicles manufacturers to set up manufacturing plants. Companies such as Tesla Motors, Hyundai, Mahindra & Mahindra, Tata Motors and others are leading the race to roll out electric vehicles soon. Apparently, other developing countries have also taken similar initiatives to boost the production of electric vehicles. This will enable an increase in demand for the hybrid system in the vehicle. Moreover, electric vehicles are eco-friendly and have several benefits to environment. Also, the electric car owner doesn’t need any government license and other certification to run the vehicles. The market is expected to reach USD 256 billion by 2023 at a CAGR of 5.98% during the forecast period.


The factors responsible for the growth of hybrid system in automotive market are, stringent regulation for emission, increasing sales of electric driven vehicle, and increasing fuel prices is estimated to boost the market demand. The surge in the demand for electric vehicle will result in the increased use of hybrid systems in the vehicles, which will drive the market in future. According to Automobile Association of America (AAA), lower gas prices have not inhibited enthusiasm for electric cars. As per the market research, the demand for electric car is likely to increase in the forecast period. More than 30 million Americans are likely to buy electric car as their next vehicle. This trend is majorly influenced by compliance and the commitment of general masses towards environmental concerns and carbon reduction. Heading towards APAC region, China has named itself as the leading market for electric vehicles. Over the past decade, it has been experienced that the prices of crude oil per barrel is increasing very rapidly and also the availability the crude oil is decreasing day by day. Due to these factors, the mind-set of a large pool of population is shifting their preference towards electric vehicles. In the last 3 to 4 years, the demand for electric vehicles in the United States is rapidly increasing and seen around 70% of year-over-year growth in the sales. This increase in the fuel prices will result in the growing demand for hybrid system in electric vehicle which will drive the market during forecast period.


The Hybrid System in Automotive market is segmented based on type, component, battery type, electric vehicle type, and region. On the basis of system type, the market as segmented based start-stop, regenerative braking, EV drive, others. The regenerative braking segment is expected to dominate the market during the forecast period because it reduces the fuel consumption and increases the efficiency of car by 10-25%. This increase in fuel efficiency will result in the growth of the segment in future. On the basis of component, the market is segmented based on battery, DC/DC converter, DC/AC inverter, and eMotor. The battery segment is expected to dominate the market during the forecast period because it is the key component in electric vehicle. Battery helps in the storage of power which drives the electric vehicle. This storage capability will help the hybrid system market to grow in future. On the basis of battery type, the market is segmented based on Li-Ion, lead acid, and others. Li-ion battery is expected to grow at the highest CAGR during the forecast period. Li-ion battery technology is currently used in a large range of applications, both for consumer market and industrial applications such as electronic devices like mobile phones, laptops and tablets, hybrid-electric vehicles and electric vehicles and others. Currently, the most popular technology of the battery sector is that of the lithium-ion battery. Compared to other battery types, lithium-ion batteries have superior energy, power density and superior cycling ability. These qualities play an important role in electric and hybrid vehicles.


Hybrid System in Automotive Market, By Segmentation
Hybrid System in Automotive Market Image


On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. This market has seen a substantial growth over the past few years and the market is estimated to remain on the same growth level during the forecast period. Among the regions covered, Asia Pacific has accounted for the largest market followed by Europe and North America. Major factors that have driven the hybrid system market in Asia Pacific are rapidly increasing sales of electric vehicles and increasing fuel prices will boost demand of electric vehicles. China is the largest market for hybrid system production and has produced around 40% of the total electric vehicle build globally in 2016. Overtaking the U.S., China is now the most attractive country for hybrid systems in electric vehicles. China has stretched its industry leadership by making profits across all scopes of the supply side of hybrid system containing current and projected production of hybrid system in automotive and their components, such as battery, DC/DC converter, DC/AC inverter, and eMotor.


Key Players


The key players in aerospace flight control system market are Aisin Seiki Co., Ltd. (Japan), American Axle & Manufacturing, Inc. (U.S.), GKN plc. (U.S.), Magna International Inc. (Canada), BorgWarner Inc. (U.S.), Dana Holding Corporation (U.S.), JTEKT Corporation (Japan), TM4 (Canada), Magtec (U.K), Delphi Automotive LLP (U.K), Visedo (Finland), Parker Hannifin Corp (U.S.), Punch Powertrain Nv (Belgium), AVTEC LTD (India),  AxleTech International SAS (U.S.).


On October 2017, AxleTech internation has collaborated with Proterra to provide specialty electric axles to support the development of electric drivetrain system in buses that can provide zero emission.


The report for Global Hybrid System in Automotive Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Frequently Asked Questions (FAQ) :


Asia Pacific occupied the largest market out of all in the global level.

Type, component, battery type, electric vehicle type are the segments of the market.

The stringent regulation for emission, snowballing sales of electric driven vehicle, and growing fuel prices are to boost the market growth.

GKN plc. (U.S.), American Axle & Manufacturing, Inc. (U.S.), Magna International Inc. (Canada), Aisin Seiki Co., Ltd. (Japan) are the competitors are highly grossing the market share.

The market will be valuing of around USD 256 billion by 2023 in the forecast period.

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Threat of substitutes

3.1.4 Segment rivalry

3.1.5 Bargaining Power of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends


5 Global Hybrid System in Automotive Market, By System Type

5.1 Introduction

5.2 Start-Stop

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Regenerative Braking

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

5.4 EV Drive

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast by Region, 2020-2027

5.5 Others

5.5.1 Market Estimates & Forecast, 2020-2027

5.5.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Hybrid System in Automotive Market, By Component

6.1 Introduction

6.2 Battery

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 DC/DC Converter

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.4 DC/AC Inverter

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

6.5 EMotor

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Hybrid System in Automotive Market, By Battery Type

7.1 Introduction

7.2 Li-Ion

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Lead Acid

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Others

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

8 Global Hybrid System in Automotive Market, By Electric Vehicle Type

8.1 Introduction

8.2 Mild Hybrid

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 HEV

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 PHEV

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 EV

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

9 Global Hybrid System in Automotive Market, By Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by System Type, 2020-2027

9.2.3 Market Estimates & Forecast by Component, 2020-2027

9.2.4 Market Estimates & Forecast by System Type, 2020-2027

9.2.5 Market Estimates & Forecast by Component, 2020-2027

9.2.6 The U.S.

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast by System Type, 2020-2027

9.2.6.3 Market Estimates & Forecast by Component, 2020-2027

9.2.6.4 Market Estimates & Forecast by System Type, 2020-2027

9.2.6.5 Market Estimates & Forecast by Component, 2020-2027

9.2.7 Canada

9.2.7.1 Market Estimates & Forecast, 2020-2027

9.2.7.2 Market Estimates & Forecast by System Type, 2020-2027

9.2.7.3 Market Estimates & Forecast by Component, 2020-2027

9.2.7.4 Market Estimates & Forecast by System Type, 2020-2027

9.2.7.5 Market Estimates & Forecast by Component, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by System Type, 2020-2027

9.3.3 Market Estimates & Forecast by Component, 2020-2027

9.3.4 Market Estimates & Forecast by System Type, 2020-2027

9.3.5 Market Estimates & Forecast by Component, 2020-2027

9.3.6 U.K.

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by System Type, 2020-2027

9.3.6.3 Market Estimates & Forecast by Component, 2020-2027

9.2.6.4 Market Estimates & Forecast by System Type, 2020-2027

9.2.6.5 Market Estimates & Forecast by Component, 2020-2027

9.3.7 Germany

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by System Type, 2020-2027

9.3.7.3 Market Estimates & Forecast by Component, 2020-2027

9.3.7.4 Market Estimates & Forecast by System Type, 2020-2027

9.3.7.5 Market Estimates & Forecast by Component, 2020-2027

9.3.8 France

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by System Type, 2020-2027

9.3.8.3 Market Estimates & Forecast by Component, 2020-2027

9.3.8.4 Market Estimates & Forecast by System Type, 2020-2027

9.3.8.5 Market Estimates & Forecast by Component, 2020-2027

9.3.9 Italy

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by System Type, 2020-2027

9.3.9.3 Market Estimates & Forecast by Component, 2020-2027

9.3.9.4 Market Estimates & Forecast by System Type, 2020-2027

9.3.9.5 Market Estimates & Forecast by Component, 2020-2027

9.3.10 Rest of Europe

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast by System Type, 2020-2027

9.3.10.3 Market Estimates & Forecast by Component, 2020-2027

9.3.10.4 Market Estimates & Forecast by System Type, 2020-2027

9.3.10.5 Market Estimates & Forecast by Component, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by System Type, 2020-2027

9.4.3 Market Estimates & Forecast by Component, 2020-2027

9.4.4 Market Estimates & Forecast by System Type, 2020-2027

9.4.5 Market Estimates & Forecast by Component, 2020-2027

9.4.6 China

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by System Type, 2020-2027

9.4.6.3 Market Estimates & Forecast by Component, 2020-2027

9.4.6.4 Market Estimates & Forecast by System Type, 2020-2027

9.4.6.5 Market Estimates & Forecast by Component, 2020-2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by System Type, 2020-2027

9.4.7.3 Market Estimates & Forecast by Component, 2020-2027

9.4.7.4 Market Estimates & Forecast by System Type, 2020-2027

9.4.7.5 Market Estimates & Forecast by Component, 2020-2027

9.4.8 India

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by System Type, 2020-2027

9.4.8.3 Market Estimates & Forecast by Component, 2020-2027

9.4.8.4 Market Estimates & Forecast by System Type, 2020-2027

9.4.8.5 Market Estimates & Forecast by Component, 2020-2027

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast by System Type, 2020-2027

9.4.9.3 Market Estimates & Forecast by Component, 2020-2027

9.4.9.4 Market Estimates & Forecast by System Type, 2020-2027

9.4.9.5 Market Estimates & Forecast by Component, 2020-2027

9.5 Rest of the World

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by System Type, 2020-2027

9.5.3 Market Estimates & Forecast by Component, 2020-2027

9.5.4 Market Estimates & Forecast by System Type, 2020-2027

9.5.5 Market Estimates & Forecast by Component, 2020-2027

8 Competitive Landscape

9 Company Profile

9.1 Bosch (Germany)

9.1.1 Company Overview

9.1.2 Products/Services Offering

9.1.3 Financial Overview

9.1.4 Key Developments

9.1.5 Strategy

9.1.6 SWOT Analysis

9.2 Continental (Germany)

9.2.1 Company Overview

9.2.2 Products/Services Offering

9.2.3 Financial Overview

9.2.4 Key Developments

9.2.5 Strategy

9.2.6 SWOT Analysis

9.3 Denso (Japan)

9.3.1 Company Overview

9.3.2 Products/Services Offering

9.3.3 Financial Overview

9.3.4 Key Developments

9.3.5 Strategy

9.3.6 SWOT Analysis

9.4 ZF (Germany)

9.4.1 Company Overview

9.4.2 Products/Services Offering

9.4.3 Financial Overview

9.4.4 Key Developments

9.4.5 Strategy

9.4.6 SWOT Analysis

9.5 Johnson Controls (US)

9.5.1 Company Overview

9.5.2 Products/Services Offering

9.5.3 Financial Overview

9.5.4 Key Developments

9.5.5 Strategy

9.5.6 SWOT Analysis

9.6 Hitachi Automotive (U.S.)

9.6.1 Company Overview

9.6.2 Products/Services Offering

9.6.3 Financial Overview

9.6.4 Key Developments

9.6.5 Strategy

9.6.6 SWOT Analysis

9.7 Infineon (Germany)

9.7.1 Company Overview

9.7.2 Products/Services Offering

9.7.3 Financial Overview

9.7.4 Key Developments

9.7.5 Strategy

9.7.6 SWOT Analysis

9.8 Magna International (Canada)

9.8.1 Company Overview

9.8.2 Products/Services Offering

9.8.3 Financial Overview

9.8.4 Key Developments

9.8.5 Strategy

9.8.6 SWOT Analysis

9.9 Schaeffler (Germany)

9.9.1 Company Overview

9.9.2 Products/Services Offering

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Strategy

9.9.6 SWOT Analysis

9.10 Valeo (France)

9.10.1 Company Overview

9.10.2 Products/Services Offering

9.10.3 Financial Overview

9.10.4 Key Developments

9.10.5 Strategy

9.10.6 SWOT Analysis

9.11 GKN (U.K)

9.11.1 Company Overview

9.11.2 Products/Services Offering

9.11.3 Financial Overview

9.11.4 Key Developments

9.11.5 Strategy

9.11.6 SWOT Analysis



List of Tables

Table 1 Global Hybrid System in Automotive Market: By Region, 2020-2027

Table 2 North America Hybrid System in Automotive Market: By Country, 2020-2027

Table 3 Europe Hybrid System in Automotive Market: By Country, 2020-2027

Table 4 Asia Pacific Hybrid System in Automotive Market: By Country, 2020-2027

Table 5 RoW Hybrid System in Automotive Market: By Country, 2020-2027

Table 6 Global Hybrid System in Automotive Market, By System Type, By Regions, 2020-2027

Table 7 North America Hybrid System in Automotive Market, By System Type, By Country, 2020-2027

Table 8 Europe Hybrid System in Automotive Market, By System Type, By Country, 2020-2027

Table 9 Asia Pacific Hybrid System in Automotive Market by System Type, By Country, 2020-2027

Table 10 RoW Hybrid System in Automotive Market by System Type, By Country, 2020-2027

Table 11 Global Hybrid System in Automotive by Component Market: By Regions, 2020-2027

Table 12 North America Hybrid System in Automotive Market by Component: By Country, 2020-2027

Table 13 Europe Hybrid System in Automotive Market by Component: By Country, 2020-2027

Table 14 Asia Pacific Hybrid System in Automotive Market by Component: By Country, 2020-2027

Table 15 RoW Hybrid System in Automotive Market by Component: By Country, 2020-2027

Table 16 Global Hybrid System in Automotive by Battery Type Market: By Regions, 2020-2027

Table 17 North America Hybrid System in Automotive Market by Battery Type: By Country, 2020-2027

Table 18 Europe Hybrid System in Automotive Market by Battery Type: By Country, 2020-2027

Table 19 Asia Pacific Hybrid System in Automotive Market by Battery Type: By Country, 2020-2027

Table 20 RoW Hybrid System in Automotive Market by Battery Type: By Country, 2020-2027

Table 21 Global Hybrid System in Automotive by Electric Vehicle Type Market: By Regions, 2020-2027

Table 22 North America Hybrid System in Automotive Market by Electric Vehicle Type: By Country, 2020-2027

Table 23 Europe Hybrid System in Automotive Market by Electric Vehicle Type: By Country, 2020-2027

Table 24 Asia Pacific Hybrid System in Automotive Market by Electric Vehicle Type: By Country, 2020-2027

Table 25 RoW Hybrid System in Automotive Market by Electric Vehicle Type: By Country, 2020-2027

Table 26 Global Hybrid System in Automotive Market: By Region, 2020-2027

Table 27 Global Hybrid System in Automotive Market: By System Type, 2020-2027

Table 18 Global Hybrid System in Automotive Market: By Component, 2020-2027

Table 27 Global Hybrid System in Automotive Market: By Battery Type, 2020-2027

Table 18 Global Hybrid System in Automotive Market: By Electric Vehicle Type, 2020-2027

Table 19 North America Hybrid System in Automotive Market, By Country

Table 20 North America Hybrid System in Automotive Market, By System Type

Table 21 North America Hybrid System in Automotive Market, By Component

Table 20 North America Hybrid System in Automotive Market, By Battery Type

Table 21 North America Hybrid System in Automotive Market, By Electric Vehicle Type

Table 22 Europe: Hybrid System in Automotive Market, By Country

Table 23 Europe: Hybrid System in Automotive Market, By System Type

Table 24 Europe: Hybrid System in Automotive Market, By Component

Table 25 Europe: Hybrid System in Automotive Market, By Battery Type

Table 26 Europe: Hybrid System in Automotive Market, By Electric Vehicle Type

Table 27 Asia Pacific: Hybrid System in Automotive Market, By Country

Table 28 Asia Pacific: Hybrid System in Automotive Market, By System Type

Table 29 Asia Pacific: Hybrid System in Automotive Market, By Component

Table 30 Asia Pacific: Hybrid System in Automotive Market, By Battery Type

Table 31 Asia Pacific: Hybrid System in Automotive Market, By Electric Vehicle Type

Table 32 RoW: Hybrid System in Automotive Market, By Region

Table 33 RoW Hybrid System in Automotive Market, By System Type

Table 34 RoW Hybrid System in Automotive Market, By Component

Table 35 RoW Hybrid System in Automotive Market, By Battery type

Table 36 RoW Hybrid System in Automotive Market, By Electric Vehicle Type


List of Figures

FIGURE 1 Research Process of MRFR

FIGURE 2 Top down & Bottom up Approach

FIGURE 3 Market Dynamics

FIGURE 4 impact analysis: market drivers

FIGURE 5 impact analysis: market restraints

FIGURE 6 porter’s five forces analysis

FIGURE 7 Value chain analysis

FIGURE 8 Global Hybrid System in Automotive Market SHARE, By System Type, 2020 (%)

FIGURE 9 Global Hybrid System in Automotive Market, By System Type, 2020-2027 (USD MILLION)

FIGURE 10 Global Hybrid System in Automotive Market SHARE, By Component, 2020 (%)

FIGURE 11 Global Hybrid System in Automotive Market, By Component, 2020-2027 (USD MILLION)

FIGURE 12 Global Hybrid System in Automotive Market SHARE, By Battery Type, 2020 (%)

FIGURE 13 Global Hybrid System in Automotive Market, By Battery type, 2020-2027 (USD MILLION)

FIGURE 14 Global Hybrid System in Automotive Market SHARE, By Electric Vehicle Type, 2020 (%)

FIGURE 15 Global Hybrid System in Automotive Market, By Electric Vehicle Type, 2020-2027 (USD MILLION

FIGURE 16 Global Hybrid System in Automotive Market SHARE (%), BY REGION, 2020

FIGURE 17 Global Hybrid System in Automotive Market, BY REGION, 2020-2027 (USD MILLION)

FIGURE 18 North America Hybrid System in Automotive Market SHARE (%), 2020

FIGURE 19 North America Hybrid System in Automotive Market BY Country, 2020-2027 (USD MILLION)

FIGURE 20 Europe Hybrid System in Automotive Market SHARE (%), 2020

FIGURE 21 Europe Hybrid System in Automotive Market BY Country, 2020-2027 (USD MILLION)

FIGURE 22 Asia Pacific Hybrid System in Automotive Market SHARE (%), 2020

FIGURE 23 Asia Pacific Hybrid System in Automotive Market BY Country, 2020-2027 (USD MILLION)

FIGURE 24 Rest of the World Hybrid System in Automotive Market SHARE (%), 2020

FIGURE 25 Rest of the World Hybrid System in Automotive Market BY Country, 2020-2027 (USD MILLION)