Key Findings
Global low emission vehicle (LEV) market is forecasted to witness a significant growth from 2016 to 2022. Stringent environmental directions for rising pollutants in industrial and transport emissions are encouraging demand over the estimated time frame.
Rising population coupled with increasing utilization of individual transport vehicles are contributing towards huge increase in air contamination in metropolitan urban areas. Improvement of optional urban areas has gained energy as a piece of economic advancement in different economies including China, Brazil, Japan and India. Inefficient and old transport infrastructure in metropolitan urban communities has lead to the increasing levels of traffic clog, vehicle emissions and noise.
Pollutants present in emissions include VOCs-volatile organic compounds, nitrogen oxides (NOx) and normal pollutants, for example, ground level ozone and particulate matter. Worsening impacts of air contamination range from asthma to cardiovascular ailment and lung cancer and asthma. Increasing instances of sickness and diseases have controlled both non-government and government center towards modification of emission standards and wellbeing dangers connected with risky compounds.
Seriousness of air contamination has raised worry among government authorities to screen intense traffic zones, for example, schools, hospitals, rail stations and construction sites, where blockage is high during prime hours of the day. Different spots where continuous fumes are observed include ships, distribution center, airport, and transport terminals.
Apart from increasing monitoring obligations, different directions have been actualized that influence the kind of fuels used in vehicles. Various government initiatives for investing in new low emission innovations are relied upon to minimize fossil fuel use that has real commitment to air contamination. This has additionally urged industry members to invest in developing low carbon advances and offer open doors for act of spontaneity in the car store network.
Low emission vehicles are required to influence the development of environment amicable car organizations. Enhancements in fuel productivity and car segments to take into account the renewable fuels are relied upon to drive innovations in manufacturing segment. Recent advancements in biofuel business sector are relied upon to drive decarbonisation in aeronautics and cargo market.
Electric vehicles (EV) require continuous electric supply and cannot rely exclusively on electric batteries. Concentration on low emission autos gives chance to R&D initiatives in developing fuel productive autos and transports. Advancements in combining both customary and renewable vitality frameworks are expected to assume significant part in driving hybrid electric vehicle (HEV) demand over the estimated time frame.
Combination of internal combustion (IC) engine framework with electric propulsion framework is relied upon to give increased execution and fuel economy in the HEVs. High manufacturing costs connected with LEV hinder the industry’s development. Manufacturing costs rely on upon the level of hybridization actualized in the EVs.
Market Segment Insights
The global low emission vehicle (LEV) is segmented on the basis of battery type and the degree of hybridization. According to battery type, the market is segmented into nickel cadmium battery, lithium ion battery, lithium ion battery and others. The mass production of FHEV cars have been mechanized by nickel metal-hydride (NiMH) batteries. However, there are some noticeable rapid shifts in utilization pattern of batteries used for HEVs. Because of high energy density of lithium ion battery, many FHEV manufacturers such as Ford Motors (Germany) and Honda Motors (Japan) will be moving to the lithium ion battery for FHEV. As a result, lithium ion battery is forecasted to capture lion’s share in automotive battery market by 2022.
According to the degree of hybridization, the market is segmented into plug-in hybrid electric vehicle, full hybrid electric vehicle (FHEV), pure electric vehicle (BEV or EV), and mild hybrid electric vehicle (MHEV). Presently, low emission vehicle market is lead by full hybrid electric vehicles (FHEVs) and is estimated to continue as a market leader in the forecast period. The market of North America is estimated to be the biggest one for FHEVs.
Regional Insights
Geographically, the market is segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Growing economies, for example, the Netherlands, Japan, UK, U.S. and China have executed different initiatives in promoting green fuel innovations. These districts have likewise reconsidered their emission standards in real exchange urban communities to improve their position as an environment amicable center points for purchasers.
Asia Pacific is expected to grow at the fastest compound annual growth rate during the forecast period. This can be attributed to the growth of the global low emission vehicles in countries such as China, Korea and India. Europe and North America are expected to hold maximum market share during the forecast period owing to stricter environmental regulations and higher awareness among the population regarding safeguarding the environment.
Competitive Insights
Different firms have updated their car manufacturing infrastructure to create proficient and tough EV automotives. Chevrolet, Toyota, Mitsubishi and Nissan are significant investors which drive EV innovations and produce high volumes of low emitting autos. Other members in the business sector include Renault, Tesla, Volkswagen, BMW, Cobasys, Honeywell, Ford, Honda, Suzuki, Mahindra, Hyundai and Delphi. Companies follow innovation, joint venture, collaboration etc. to increase their market share. On 2nd June 2016, Mahindra launches innovative new eVerito, India's first zero-emission, all-electric sedan. The eVerito is a creative combination of innovations in information technology, electronics and automotive paired with low operation costs and zero tailpipe emissions. It is the suitable family car for intra city use.
1. Methodology & Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List Of Data Sources
2. Executive Summary
2.1. Global Low Emission Vehicle Industry- Market Summary & Key Buying Criteria
2.2. Global Low Emission Vehicle Industry Outlook
2.3. Segmentation Analysis
2.4. Market Size And Growth Prospects 2012-2022
2.5. Low Emission Vehicle Industry Value Chain Analysis
2.6. Vendor Landscape
3. Industrial Low Emission Vehicle Market Dynamics
3.1.1. Market Driver Analysis
3.1.1.1. Rising Government Support
3.1.1.2. Major Rise In The Global Price Of Petroleum Based Fuel
3.1.1.3. Rising Availability Of Diverse HEV Models
3.1.1.4. Advancements In Battery Technology
3.1.1.5. Growing Energy Concerns And Environmental Degradation
3.1.2. Market Restraint Analysis
3.1.2.1. Lack Of Power And Performance
3.1.2.2. Huge Cost As Compared To Ice-Vehicle
3.1.2.3. Lack Of Support Infrastructure
3.1.3. Key Opportunities
3.1.4. Charging Infrastructure Market
3.1.5. Vehicle To Grid (V2g) Technology
3.1.6. Key Challenges
3.1.4.1. Controlling Prices
4. Industry Analysis
4.1. Global Low Emission Vehicle Industry– Porter’s Five Forces Model
4.2. Global Low Emission Vehicle Industry– Pestel Analysis
4.3. Global Low Emission Vehicle– Gap Analysis
4.4. Global Low Emission Vehicle By Battery Type 2012 - 2022 ($ Million)
4.5. Global Low Emission Vehicle Market By Nickel Cadmium Battery Market 2012 - 2022 ($ Million)
4.6. Global Low Emission Vehicle Market By Lithium Ion Battery Market 2012 - 2022 ($ Million)
4.7. Global Low Emission Vehicle Market By Lead Acid Battery Market 2012 - 2022 ($ Million)
4.8. Global Low Emission Vehicle Market By Others Market 2012 - 2022 ($ Million)
5. Global Low Emission Vehicle By The Degree Of Hybridization 2012 - 2022 ($ Million)
5.1. Global Low Emission Vehicle Market By Plug-In Hybrid Electric Vehicle (PHEV) Market 2012 - 2022 ($ Million)
5.2. Global Low Emission Vehicle Market By Full Hybrid Electric Vehicle (FHEV) Market 2012 - 2022 ($ Million)
5.3. Global Low Emission Vehicle Market By Pure Electric Vehicle (BEV Or EV) Market 2012 - 2022 ($ Million)
5.4. Global Low Emission Vehicle Market By Mild Hybrid Electric Vehicle (MHEV) Market 2012 - 2022 ($ Million)
6. Global Low Emission Vehicle Industry Regional Outlook 2012-2022 ($ Million)
6.1. North America
6.1.1.1. U.S.
6.1.1.2. Canada
6.1.1.3. Mexico
6.2. Europe
6.2.1.1. Germany
6.2.1.2. UK
6.2.1.3. Russia
6.3. Asia Pacific
6.3.1.1. China
6.3.1.2. India
6.3.1.3. South Korea
6.4. Middle East & Africa
6.5. Central &South America
6.5.1.1. Brazil
7. Competitive Landscape
7.1. BMW
7.1.1.1. Company Overview
7.1.1.2. Scot Analysis
7.1.1.3. Product Benchmarking
7.1.1.4. Strategic Initiatives
7.2. Chevrolet
7.2.1.1. Company Overview
7.2.1.2. Scot Analysis
7.2.1.3. Product Benchmarking
7.2.1.4. Strategic Initiatives
7.3. Cobasys
7.3.1.1. Company Overview
7.3.1.2. Scot Analysis
7.3.1.3. Product Benchmarking
7.3.1.4. Strategic Initiatives
7.4. Delphi
7.4.1.1. Company Overview
7.4.1.2. Scot Analysis
7.4.1.3. Product Benchmarking
7.4.1.4. Strategic Initiatives
7.5. Ford
7.5.1.1. Company Overview
7.5.1.2. Scot Analysis
7.5.1.3. Product Benchmarking
7.5.1.4. Strategic Initiatives
7.6. Honda
7.6.1.1. Company Overview
7.6.1.2. Scot Analysis
7.6.1.3. Product Benchmarking
7.6.1.4. Strategic Initiatives
7.7. Honeywell
7.7.1.1. Company Overview
7.7.1.2. Scot Analysis
7.7.1.3. Product Benchmarking
7.7.1.4. Strategic Initiatives
7.8. Hyundai
7.8.1.1. Company Overview
7.8.1.2. Scot Analysis
7.8.1.3. Product Benchmarking
7.8.1.4. Strategic Initiatives
7.9. Mahindra
7.9.1.1. Company Overview
7.9.1.2. Scot Analysis
7.9.1.3. Product Benchmarking
7.9.1.4. Strategic Initiatives
7.10. Mercedez-Benz
7.10.1.1. Company Overview
7.10.1.2. Scot Analysis
7.10.1.3. Product Benchmarking
7.10.1.4. Strategic Initiatives
7.11. Mitsubishi
7.11.1.1. Company Overview
7.11.1.2. Scot Analysis
7.11.1.3. Product Benchmarking
7.11.1.4. Strategic Initiatives
7.12. Nissan Renault
7.12.1.1. Company Overview
7.12.1.2. Scot Analysis
7.12.1.3. Product Benchmarking
7.12.1.4. Strategic Initiatives
7.13. Suzuki
7.13.1.1. Company Overview
7.13.1.2. Scot Analysis
7.13.1.3. Product Benchmarking
7.13.1.4. Strategic Initiatives
7.14. Tesla
7.14.1.1. Company Overview
7.14.1.2. Scot Analysis
7.14.1.3. Product Benchmarking
7.14.1.4. Strategic Initiatives
7.15. Toyota
7.15.1.1. Company Overview
7.15.1.2. Scot Analysis
7.15.1.3. Product Benchmarking
7.15.1.4. Strategic Initiatives
1. Global Low Emission Vehicle Market By Battery Type 2012 - 2022 ($ Million)
2. Global Low Emission Vehicle Market By Nickel Cadmium Battery Market 2012 - 2022 ($ Million)
3. Global Low Emission Vehicle Market By Lithium Ion Battery Market 2012 - 2022 ($ Million)
4. Global Low Emission Vehicle Market By Lead Acid Battery Market 2012 - 2022 ($ Million)
5. Global Low Emission Vehicle Market By Others Market 2012 - 2022 ($ Million)
6. Global Low Emission Vehicle Market By The Degree Of Hybridization 2012 - 2022 ($ Million)
7. Global Low Emission Vehicle Market By Plug-In Hybrid Electric Vehicle (PHEV) Market 2012 - 2022 ($ Million)
8. Global Low Emission Vehicle Market By Full Hybrid Electric Vehicle (FHEV) Market 2012 - 2022 ($ Million)
9. Global Low Emission Vehicle Market By Pure Electric Vehicle (BEV Or EV) Market 2012 - 2022 ($ Million)
10. Global Low Emission Vehicle Market By Mild Hybrid Electric Vehicle (MHEV) Market 2012 - 2022 ($ Million)
11. North America Market Estimates And Forecast 2012 – 2022($ Million)
12. North America Market Estimates And Forecast By Region 2012 – 2022 ($ Million)
13. North America Market Estimates And Forecast By Vehicle 2012 – 2022($ Million)
14. Europe Market Estimates And Forecast 2012 – 2022($ Million)
15. Europe Market Estimates And Forecast By Region 2012 – 2022($ Million)
16. Europe Market Estimates And Forecast By Vehicle 2012 – 2022($ Million)
17. Asia Pacific Market Estimates And Forecast 2012 – 2022($ Million)
18. Asia Pacific Market Estimates And Forecast By Region 2012 – 2022($ Million)
19. Asia Pacific Market Estimates And Forecast By Vehicle 2012 – 2022($ Million)
20. Middle East & Africa Market Estimates And Forecast 2012 – 2022($ Million)
21. Middle East & Africa Market Estimates And Forecast By Vehicle 2012 – 2022($ Million)
1. Global Low Emission Vehicle Industry Market Share 2012 - 2022 ($ Million)
2. Market Share By Regions
3. United States Market Estimates And Forecast 2012 – 2022($ Million)
4. Canada Market Estimates And Forecast 2012 – 2022($ Million)
5. Mexico Market Estimates And Forecast 2012 – 2022($ Million)
6. Uk Market Estimates And Forecast 2012 – 2022($ Million)
7. France Market Estimates And Forecast 2012 – 2022($ Million)
8. Germany Market Estimates And Forecast 2012 – 2022($ Million)
9. Apac Market Estimates And Forecast 2012 – 2022($ Million)
10. China Market Estimates And Forecast 2012 – 2022($ Million)
11. India Market Estimates And Forecast 2012 – 2022($ Million)
12. Middle East & Africa Market Estimates And Forecast 2012 – 2022($ Million)
13. Central & South America Market Estimates And Forecast 2012 – 2022($ Million)
14. Brazil Market Estimates And Forecast 2012 – 2022($ Million)