Last updated on April 17, 2014 at 21:23 EDT

MarketsandMarkets Global Low (Zero) Emission Vehicle Market Worth $103.13 Billion by 2017

May 25, 2012

DALLAS, May 25, 2012 /PRNewswire/ –

According to a new market research report “Low (Zero) Emission Vehicle Market (2012 -
2017) – By Degree of Hybridization & Type of Traction Battery Used – Global Forecast,
Trends & Analysis” published by MarketsandMarkets (http://www.marketsandmarkets.com),
the global low emission vehicle market was valued $21.13 billion in 2011 and is expected
to grow from $27.45 billion in 2012 to $103.13 billion by 2017 at an estimated CAGR of
30.3% from 2012 to 2017. 826.8 thousand low emission vehicle were shipped on a global
level for 2011 and the number is expected to reach 3532.1 thousand units by 2017, at an
estimated CAGR of 27.8% from 2012 to 2017.

Browse 105 tables and in-depth TOC on “Low (Zero) Emission Vehicle Market (2012 -
2017) – By Degree of Hybridization & Type of Traction Battery Used – Global Forecast,
Trends & Analysis”.


Early buyers will receive 10% customization on reports.

A hybrid electric vehicle (HEV) is a type of hybrid vehicle and electric vehicle that
combines a conventional internal combustion engine (ICE) propulsion system with an
electric propulsion system. The presence of the electric powertrain is intended to achieve
either better fuel economy than a conventional vehicle, or better performance.

The world is dominated by ICE-powered vehicle and enjoying the benefits of advances in
technology and mass production; wide support from components manufacturer industries, and
availability of talented resources. However, the outcome of this dominance includes faster
consumption of global fossil fuel resources and an increasing amount of exhaust emissions
such as CO2 and CO in the environment. Given these challenges, governments and automakers
are looking for better alternative to ICE-powered vehicle that can reduce the exhaust
emission and reduce the dependence on oil, which is the primary fuel to tradition
vehicles. That is why the need for low emission vehicle is evolving and is continuously
growing. This approach will act as a medium to make automotive industry more
environment-friendly, ultimately benefiting the world.

Talking of low emission vehicle
[http://www.marketsandmarkets.com/Market-Reports/hybrid-electric-vehicle-hev-battery-solar-powered-market-649.html ]
market based on degree of hybridization, FHEVs are expected to
remain as market leaders during the forecasted period. Market for FHEVs and BEVs will
develop at a faster rate due to governments’ initiatives to develop charging
infrastructure and development in battery technology. Till date, the mass produced FHEV
cars have been powered by nickel metal-hydride (NiMH) batteries, which are larger and
heavier than lithium ion; for example, battery used in Toyota Prius. For PHEV and BEV,
lithium seems to the best option in the years to come; due to its high energy density.

Various low emission vehicle types that are covered in the report are Mild Hybrid
Electric Vehicle (MHEV), Full Hybrid Electric Vehicle (FHEV), Plug-in Hybrid Electric
Vehicle (PHEV), and Pure Electric Vehicle (EV or BEV). The report also profiles 15 key low
emission vehicle manufacturers, along with 7 key players of the vehicle component
manufacturers. The report draws the competitive landscape of low emission vehicle market,
providing an in-depth comparative analysis of the technological and marketing strategies
the key players are adopting in order to gain an edge over the their competitors.

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Source: PR Newswire