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Global Low Emission Vehicle Market: Forecasts, Market Trends & Analysis 2012-2017

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Market

Automotive and Parts

Report Type

Market Research

Country

Global

Published

25 May 2012

Number of Pages

272

Report Delivery

Email

Delivery Lead Time

1-3 hours, 24 hour max

Publisher

Markets&Markets

File Format

PDF

The low emission vehicle market is expected to hit a global value of around $103 billion in 2017, driven by the growing acceptability of such vehicles over diesel and petrol automobiles. In 2011 this market was only valued at $21.13 billion, with an expectation that the industry would grow to 27.45 billion in 2012. The year-on-year compound growth rate for the low emission vehicle market up until 2017 is forecast to be around 30%.

Low emission vehicles are expected to witness good growth as they are being accepted across the globe. Currently, low emission market is dominated by Full Hybrid Electric Vehicles (FHEVs) and expected to remain as market leader during the forecasted period. The market of North America is expected to be the biggest one for FHEVs. However, our research says that market for PHEVs and BEVs will develop at a faster rate due to governments' initiatives to develop charging infrastructure in battery technology. The governments of Europe and China are promoting BEVs due to presence of competitive advantages over the other countries. China can shift to electric vehicle propulsion technology faster than its counterparts due to its ability to heavily invest in its development. Europe is already well equipped when it comes to charging infrastructure for EVs.

The most widely used batteries for low emission vehicle market are lead-acid batteries, Nickel-Cadmium batteries (NiCad), metal hydride batteries (NimH), and lithium ion batteries. Till date, the mass produced FHEV cars have been powered by nickel metal-hydride (NiMH) batteries. However, there are certain noticeable rapid shifts in consumption pattern of batteries used for HEVs. Due to high energy density of lithium ion battery, loads of FHEV manufacturers such as Honda Motors (Japan) and Ford Motors (Germany) will be switching over to the lithium ion battery for FHEV. As an outcome, lithium ion battery is expected to capture the lion's share in automotive battery market by 2017.

For the low emission vehicle market, increase in the global price of petroleum-based fuel; rise in the number of initiatives taken by different governments, ever-increasing availability of different HEV models, and continuous development in battery technology are acting as drivers. Lack of support infrastructure, power, performance, and higher cost as compared to ICE-vehicle end-user segments are acting as restraints. Charging infrastructure market and vehicle-to-grid (V2G) technology are the future opportunities for low emission vehicle market.

Report Scope

The low emission vehicle market research report categorizes the global market on the basis of degree of hybridization, different types of batteries used in the vehicle, and geographical analysis. Market segmentation also includes forecasting revenue and analyzing trends in the global low emission vehicle market.

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Select License Type

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Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

Site License

Site License

An electronic version (mostly PDF, but can be Excel or PPT). Where the report(s) is intended for use by more than one individual, across for example, a site, an office, or a division or country.

Corporate License

Corporate License

An electronic version (mostly PDF, but can be Excel or PPT). Where the report(s) is/are intended for use by an organisation in its entirety. For example, if reports are put on an Intranet or if they are distributed or used by more than one office, division, or country operation, then a Corporate Licence is required.

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