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Global Low Carbon Propulsion Market By Fuel Type (CNG, LNG, Others), By Electric Vehicle (Passenger Car, Bus, Others), By Vehicle Type (Heavy-Duty, Light-Duty, Others), By Mode, By Region, Forecast & Opportunities to 2026

The global low carbon propulsion market accounted for a value of USD XX billion in 2019 and is projected to register growth at a CAGR of 30.5% during forecast period.

COVID-19 has impacted the low carbon propulsion market. The automotive industry is adversely affected due to this ongoing pandemic. The manufacturing of vehicles is on halt due to lockdown and supply chain got disrupted due to travel restriction. The sales of vehicle are immensely declined across the globe. The low carbon propulsion growth is directly dependent on vehicle production. The growth of low carbon propulsion market is likely to decline during COVID-19.

Definition:

Process of reducing impact of CO2 emissions from vehicles and, therefore, to reduce the fuel consumption for the propulsion of vehicle by the widest possible amount at any engine load. This means that the inherent design CO2 index of a new engine, the so-called Energy Efficiency Design Index (EEDI), will be reduced accordingly.

Market Dynamics (Drivers/Opportunities):

The government is focusing on increasing reducing air pollution by reducing carbon emission. The demand is increasing for fleets in order to fulfill mass transit with less cost of fuel. This increases demand for low carbon propulsion and drives growth in this market during forecast period.

The demand for energy efficient and emission free transportation is increasing around the world. The technological progressions in order to advance the emission standards by conventional conversions of vehicles are increasing the low carbon propulsion market. This drives growth in low carbon population market during forecast period.

Market Insights, by Electric Vehicle

On the basis of electric vehicle, the low carbon propulsion market is segmented into electric bus, electric passenger car, electric two-wheeler and electric off-highway. The electric passenger car segment is estimated to dominate the market during forecast period. The governments in many regions are adopting stringent emission norms which increase the demand for electric passenger car. Europe is planning to have 1 million electric cars by the end of 2020. The US and China are estimated to dominate the market for electric passenger cars. The demand and adoption of electric passenger car is increasing around the world and this drives growth in electric passenger car during forecast period.

Market Insights, by Fuel Type

On the basis of fuel type, the low carbon propulsion market is segmented into compressed natural gas, liquefied natural gas, ethanol, hydrogen and electric. The hydrogen segment is estimated to be fastest growing market during forecast period. The hydrogen is an emission free fuel which is obtained from various sources such as water, natural gas and fossil fuel. It can be produced from various techniques such as biological process, thermochemical process, electrolyte process and direct solar water splitting process. Hydrogen is produced using heat and chemical reactions in a thermochemical process. Hydrogen can be also produced using various resources such as biomass, coal and natural gas. Hydrogen fuel has less impact on environment and is sustainable. This drives growth in hydrogen segment during forecast period.

Market Insights, by Mode

On the basis of mode, the low carbon propulsion market is segmented into rail and road. The rail segment is estimated to be the fastest growing during forecast period. The income level of people is increasing in the world which increases the demand for personal mobility but this increases road traffic. The increasing road traffic increases the congestion and commute time in urban areas. Local government and urban planners are merging tramways and rapid transit networks with existing infrastructure of cities in order to reduce traffic congestion. The demand for eco-friendly, cost effective and reliable transit option is increasing. This drives growth in rail segment during forecast period.

Regional Insights

Europe region is estimated to dominate the market during forecast period. The Europe region is trying constantly to improve fuel efficiency and safety of commercial vehicles. The government is this region is adopting initiatives to support low carbon propulsion which helps in reducing air pollution. This region has announced their plans to replace diesel and gasoline station with LNG, electric, CNG and other biofuels. The demand for low carbon propulsion is increasing in this region and this drives growth in Europe region during forecast period.

Key Companies & Market Share Insights

The key market players in low carbon propulsion sector are Tesla Inc., BYD, Nissan, Siemens, Alstom, Yutong, Proterra, Toyota, Honda, Hyundai, Man SE, General Electric, Cummins INC., Nikola Motor Company, Volkswagen, AB Volvo, VDL Groep, Diamler AG and Scania.

Segments Covered in the Report

This report forecasts The Global Low Carbon Propulsion Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global low carbon propulsion market report on the basis of electric vehicle, fuel type, vehicle type and mode.

Low Carbon Propulsion Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Low Carbon Propulsion Market, By Fuel Type , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Compressed Natural Gas
  • Liquefied Natural Gas
  • Ethanol
  • Hydrogen
  • Electric
  1. Low Carbon Propulsion Market, By Mode, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Road
  • Rail
  1. Low Carbon Propulsion Market, By Vehicle Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Heavy-Duty
  • Light-Duty
  1. Low Carbon Propulsion Market, By Electric Vehicle, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Electric Bus
  • Electric Passenger Car
  • Electric Two-Wheeler
  • Electric Off-Highway
  1. Low Carbon Propulsion Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Fuel Type
    • By Mode
    • By Vehicle Type
    • By Electric Vehicle
    • By Country
      • USA
        • By Electric Vehicle
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Fuel Type
      • By Mode
      • By Vehicle Type
      • By Electric Vehicle
      • By Country
        • Brazil
          • By Electric Vehicle
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Fuel Type
        • By Mode
        • By Vehicle Type
        • By Electric Vehicle
        • By Country
          • UK
            • By Electric Vehicle
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Fuel Type
          • By Mode
          • By Vehicle Type
          • By Electric Vehicle
          • By Country
            • China
              • By Electric Vehicle
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Fuel Type
            • By Mode
            • By Vehicle Type
            • By Electric Vehicle
            • By Country
              • Saudi Arabia
                • By Electric Vehicle
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Scania
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Tesla Inc.
    • BYD
    • Nissan
    • Siemens
    • Alstom
    • Yutong
    • Proterra
    • Toyota
    • Honda
    • Hyundai
    • Man SE
    • General Electric
    • Cummins INC.
    • Nikola Motor Company
    • Volkswagen
    • AB Volvo
    • VDL Groep
    • Diamler AG
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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