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(Transportation-News.com, November 11, 2017 ) Market Overview:
Rising population coupled with increasing usage of individual transport vehicles contribute to significant increase in air pollution in metropolitan cities. Development of secondary cities has gained momentum as a part of economic development in various economies including India, China, Brazil, and Japan. However, old and inefficient transport infrastructure in metropolitan cities has lead to increasing levels of traffic congestion, noise, and vehicle emissions.
Apart from increasing monitoring duties, various regulations have been implemented that affect the type of fuel usage in vehicles. Favorable government initiatives for investing in new low emission technologies are expected to minimize fossil fuel usage that has major contribution to air pollution. This has also encouraged industry participants to invest in developing low carbon technologies and offer opportunities for improvisation in the automotive supply chain.
Low Emission Vehicles are expected to positively influence the growth of environment friendly automotive companies. Improvements in fuel efficiency and improvisation of automotive components to cater to the renewable fuels are expected to drive innovations in manufacturing sector. Recent developments in biofuels market are expected to drive decarbonisation in aviation and freight sector.
Key Players of Low Emission Vehicles Market:
Global Low Emission Vehicles market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including:
Tesla Motor Company, Mitsubishi Motor Corporation, Daimler, Ford Motor Company, General Motors Ltd, Honda Motors Ltd,Hyundai Motors, Toyota, BMW, Isuzu Motors, BYD
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Market Highlights:
Electric vehicles (EV) require continuous electric supply and cannot be dependent solely on electric batteries. Focus on low emission automobiles provides opportunity for R&D initiatives in developing fuel efficient cars and buses. Developments in combining both conventional and renewable energy systems are anticipated to play major role in driving hybrid electric vehicle (HEV) demand over the forecast period.
According to the degree of hybridization, low emission vehicles can be classified into full HEVs and battery powered EVs that mark dominance in the global market share. Battery powered vehicles are dependent majorly on nickel metal hydride (NiMH) and lithium ion batteries that offer longer usage time over conventional ones.
Study Objective of Low Emission Vehicles Market
• To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the global Low Emission Vehicles market
• To provide insights about factors affecting the market growth
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by Material, Type, Function, Application and Region.
• To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global barrier systems market
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Market Segmentation:
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Pure Electric Vehicles
• Hybrid Electric Vehicles
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Low Emission Vehicles for each application, including
• Passenger Cars
• Commercial Vehicles
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