Low Emission Vehicle Market worth $103.13 Billion by 2017

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MarketsandMarkets Presents
Low Emission Vehicle Market worth 103.13 Billion
by 2017
http//www.marketsandmarkets.com/Market-Reports/hy
brid-electric-vehicle-hev-battery-solar-powered-ma
rket-649.html
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According to a new market research report Low
Emission Vehicle Market (2012 - 2017) - By Degree
of Hybridization Type of Traction Battery Used
- Global Forecast, Trends Analysis published
by MarketsandMarkets, 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
gtgt 105 market data tables/
figures 272 pages and in-depth TOC on Low
Emission Vehicle Market http//www.marketsandma
rkets.com/Market-Reports/hybrid-electric-vehicle-h
ev-battery-solar-powered-market-649.html Early
buyers will receive 10 customization of this
report.
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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 power train
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
environmentfriendly, ultimately benefiting the
world.
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Talking of low emission vehicle 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. Inqui
re Before Buying _at_ http//www.marketsandmarkets.c
om/Enquiry_Before_Buying.asp?id649
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