Low-Carbon Propulsion Market - Trends Forecast Till 2028

Low-Carbon Propulsion Market by Fuel Type (CNG, LNG, Ethanol, Electric and Hydrogen), Mode (Rail and Road), Vehicle Type (Heavy-Duty and Light-Duty), Rail Application (Passenger and Freight), Electric Vehicle and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2022

Base Year Estimate: 2021

Report ID: D-AU-LCPM-1125

Format:  

Number of Pages: 396

Domain: Automotive

Low-Carbon Propulsion Market – Trends Forecast Till 2028

The Low-Carbon Propulsion market size is projected to reach a CAGR of 21.6% from 2022 to 2028.

The emission from the vehicles is known as the propulsion. When run on petrol or diesel the emissions from vehicle are high in carbon contents and thus act as a pollutant for the environment. On the contrary when cleaner fuels like CNG are used then the emission is low in carbon contents and thus are much cleaner and less harmful for the environment.

The recent demand for low emission vehicles along with the fluctuating fuel prices are some of the factors that have supported long-term expansion for Low-Carbon Propulsion Market.

COVID-19 had a positive effect on the market, as because the preference of people have shifted from public to private transportation,

Low-Carbon Propulsion Market Growth Forecast

Europe is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the favourable governmental policies and the increased demand from the commercial sector.

Low-Carbon Propulsion Market is segmented into fuel type, mode, vehicle type, electric vehicle, rail application and region.

On the basis of Fuel Type

  • Compressed Natural Gas (CNG)
  • Liquefied Natural Gas (LNG)
  • Ethanol
  • Hydrogen
  • Electric

On the basis of Mode

  • Rail
  • Road

On the basis of Vehicle Type

  • Heavy-Duty
  • Light-Duty

On the basis of Rail Application

  • Passenger
  • Freight

On the basis of Electric Vehicle

  • Electric Passenger Car
  • Electric Bus
  • Electric Two-Wheeler
  • Electric Off-Highway

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Low-Carbon Propulsion Market Primary Respondent

 

Key Players

  • Tesla
  • BYD
  • Nissan Motor
  • Yutong
  • Proterra
  • Bombardier
  • Siemens
  • Alstom
  • Toyota
  • Honda
  • Hyundai
  • Man Se

Recent Developments

  • In April 2019, K12A was launched int the market by BYD.
  • In august 2019, Proterra Powered Vehicle electrification solutions was offered to the market by Proterra.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Low-Carbon Propulsion Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 21.6% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

Fuel type, mode, vehicle type, electric vehicle, rail application and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Tesla, BYD, Nissan Motor, Yutong, and Proterra, Bombardier, Siemens, Alstom, Toyota, Honda, Hyundai, Man SE

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