PRESS RELEASE
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".
http://www.marketsandmarkets.com/Market-Reports/hybrid-electric-vehicle-hev-battery-solar-powered-market-649.html
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.
Saturday, May 26, 2012
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