The global low-carbon propulsion market size is estimated to be 2,980 thousand units in 2021. It is projected to grow at a CAGR of 21% to reach 11,640 thousand units by 2027.
Advances in technology to improve the emission standard of exhaust gas by conversion of conventional vehicles and expansion of the proposed range to fuel efficiency by alternative fuels in commercial vehicles are driving factors for low carbon propulsion.
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Company Profile
- Tesla (US)
- BYD (China)
- Nissan Motor (Japan)
- Yutong (China)
- Proterra (US)
Market – Segmentation
By fuel type
- Compressed Natural Gas (CNG)
- Liquefied Natural Gas (LNG)
- Ethanol
- Hydrogen
- Electric
By mode
- Rail
- Road
- By vehicle type
- Heavy-Duty
- Light-Duty
By rail application
- Passenger
- Freight
By electric vehicle
- Electric Passenger Car
- Electric Bus
- Electric Two-Wheeler
- Electric Off-Highway
Scope of the Report
The research study analyzes the Global Low Carbon Propulsion Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Low Carbon Propulsion Market Report
1. What was the Low Carbon Propulsion Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Low Carbon Propulsion Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Low Carbon Propulsion Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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