Transparency Market Research has released a new market report titled “Air Powered Vehicle Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According to the report, the global air powered vehicle market is anticipated to expand at a CAGR of about 70% during the forecast period.
Air powered vehicle is a pollution-free vehicle that is powered
by a compressed air engine. The air powered vehicle consists of compressed air
tanks that hold compressed air and deliver the air at appropriate pressure,
thereby providing power source to the vehicle. The air powered vehicle is
pollution-free, economical, lightweight, easy to maintain, and has low
operating cost.
The global air powered vehicle is a technological
development that contains high energy input, efficient released energy,
controlled emission, and storage & fueling, and temperature. Major companies
such as Motor Development International and Tata Motors have already developed
and launched air powered vehicles. Furthermore, demand for air powered vehicles
is projected to increase rapidly owing to the numerous benefits offered by the
vehicle, such as zero emission, high energy density, high comfort, and improved
technology and engineering dynamics. Increase in government support for
environmental-friendly vehicles is projected to boost the air powered vehicle
market during the forecast period. However, pure air powered vehicles have
relatively low top speed, which is projected to hamper the market during the
forecast period.
Get PDF brochure for Industrial Insights and business
Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38417
Based on energy mode, the single energy mode segment is
projected to hold a prominent share of the market and expand at a CAGR of 66.81
% during the forecast period. This high growth rate of the segment is primarily
due to regulations imposed on the transportation industry in order to curtail
carbon emission. This, in turn is estimated to boost demand for air powered
vehicles significantly during the forecast period. Surge in awareness to opt
for environment-friendly vehicles is a prime factor that is likely to boost the
air powered vehicle market during the forecast period.
In terms of vehicle type, the passenger vehicle segment leads
the air powered vehicle market. Rise in demand from consumers for low
emission vehicles, owing to emission regulations and policies, is a major
factor that projected to fuel the air powered vehicle market during the
forecast period. The segment is likely to hold more than 89% share of the
market by the end of 2020. Additionally, technological advancements,
pollution-free vehicle, relative low cost of the air powered vehicle are
projected to attract passenger vehicle users to opt for this vehicle. This, in
turn, is anticipated to drive the air powered vehicle market during the
forecast period.
In terms of region, Europe dominates the global air powered
vehicle market. Europe is projected to account for around 38% share of the
market by the end of the forecast period. This is due to the region being a
pioneer of the air powered vehicle. Rising awareness about emissions caused
from vehicles and increasing adoption of emission-free vehicles are prime
factors that are likely to augment the air powered vehicle market during the
forecast period. Furthermore, presence of prominent OEMs and auto manufacturers
in the region is projected to propel the air powered vehicle market in the
region.
Prominent players operating the global air powered vehicle
market include Motor Development International SA, Tata Motors, Magnetic Air
Car, Inc., Engineair Pty Ltd, Honda Motor Co., Ltd., and Groupe PSA. Among
global manufactures, Motor Development International SA is a pioneer of the air
powered vehicle technology. Expansion and joint ventures undertaken by the
company are projected to consolidate its position in the global market during
the forecast period.
The global air powered vehicle market has been segmented as
follows:
- Air
Powered Vehicle Market, by Energy Mode
- Single
Energy Mode
- Dual
Energy Mode
- Air
Powered Vehicle Market, by Vehicle Type
- Passenger
Vehicle
- Commercial
Vehicle
Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=38417<ype=S
About Us
Transparency Market Research (TMR) is a global market
intelligence company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use proprietary data
sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by
a team of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research techniques to
develop distinctive data sets and research material for business reports.
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
No comments:
Post a Comment