Market Overview:
The global low-carbon propulsion market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for fuel-efficient and environment-friendly vehicles. Based on type, the global low-carbon propulsion market has been segmented into CNG, LNG, ethanol, electric and hydrogen. Among these segments, the CNG segment is expected to account for a major share of the global market during the forecast period. This can be attributed to factors such as growing popularity of natural gas vehicles (NGVs) owing to their high efficiency and low emissions as compared with other types of vehicles running on conventional fuels such as petrol or diesel. Based on application, the global low-carbon propulsion market has been segmented into passenger transport and freight transport. The passenger transport segment is anticipated to account for a larger share of the overall market during the forecast period. This can be ascribed mainly due rising demand for fuel efficient cars across different regions worldwide coupled with stringent emission norms being implemented by various governments across different countries in order reduce environmental pollution levels.
Product Definition:
Low-carbon propulsion is a type of propulsion that emits low levels of carbon dioxide into the atmosphere. This type of propulsion is important because it helps reduce greenhouse gas emissions and climate change.
CNG:
compressed natural gas (CNG) is a type of propane-based fuel used as a transportation fuel. It has the advantage over gasoline or diesel in that it does not contain any additives that can reduce performance or increase toxicity. The U.S.
LNG:
LNG is a form of natural gas that is found in large quantities in various countries. It has low carbon content, which makes it suitable for use as a fuel for marine and aviation industries. LNG can be used as an alternative to traditional fuels such as diesel and petrol-based fuels. The growing demand from various end-use industries coupled with the increasing focus on reducing greenhouse gas emissions globally is expected to drive the growth of this market over the forecast period.
Application Insights:
Passenger transport was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The rising demand for passenger travel due to rapid urbanization, increasing disposable income, and changing lifestyles is anticipated to drive the segment over the forecast period.
The freight segment is projected to grow at a CAGR of XX% from 2018 to 2030 owing to increased industrialization along with developing economies such as India and China becoming global manufacturing hubs. Rising use of trucks for moving goods across long distances will promote fuel efficiency leading towards higher adoption of low-carbon propulsion systems in freight applications over the next eight years.
Growing demand for electric vehicles (EVs) across various regions coupled with favorable government initiatives promoting their usage will propel industry growth during this study period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid economic growth, which has resulted in increased automotive production and sales. Countries such as China, India, South Korea, Japan have been experiencing strong economic growth with rising disposable income of consumers coupled with increasing population. These factors are anticipated to drive the regional market over the forecast period.
China is one of the largest markets for automobiles across Asia Pacific owing to a large consumer base along with growing demand from fleet operators for commercial vehicles.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for fuel-efficient vehicles is expected to grow at a CAGR of more than 7% from 2016 to 2021. This growth can be attributed to the increasing awareness among consumers about the benefits of fuel-efficient vehicles, such as lower emissions and reduced fuel costs.
- Stringent emission regulations: Governments across the world are implementing stringent emission regulations in an effort to reduce greenhouse gas (GHG) emissions and improve air quality. These regulations are expected to drive the demand for low-carbon propulsion systems in passenger cars and commercial vehicles over the next few years.
- Development of advanced propulsion technologies: Automotive OEMs are investing heavily in research and development (R&D) activities aimed at developing advanced propulsion technologies, such as electric powertrains, hybrid powertrains, and compressed natural gas (CNG) engines. This is likely to result in increased adoption of low-carbon propulsion systems in passenger cars and commercial vehicles over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Low-Carbon Propulsion Market Research Report
By Type
CNG, LNG, Ethanol, Electric, Hydrogen
By Application
Passenger Transport, Freight
By Companies
Tesla, BYD, Nissan, Yutong, Proterra
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Low-Carbon Propulsion Market Report Segments:
The global Low-Carbon Propulsion market is segmented on the basis of:
Types
CNG, LNG, Ethanol, Electric, Hydrogen
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Transport, Freight
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tesla
- BYD
- Nissan
- Yutong
- Proterra
Highlights of The Low-Carbon Propulsion Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CNG
- LNG
- Ethanol
- Electric
- Hydrogen
- By Application:
- Passenger Transport
- Freight
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low-Carbon Propulsion Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low-carbon propulsion is a type of propulsion that uses less carbon dioxide (CO2) to move a vehicle or payload than traditional fuels. Low-carbon propulsion can be used in vehicles, aircraft, and ships.
Some of the major players in the low-carbon propulsion market are Tesla, BYD, Nissan, Yutong, Proterra.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low-Carbon Propulsion Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low-Carbon Propulsion Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low-Carbon Propulsion Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low-Carbon Propulsion Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low-Carbon Propulsion Market Size & Forecast, 2018-2028
4.5.1 Low-Carbon Propulsion Market Size and Y-o-Y Growth
4.5.2 Low-Carbon Propulsion Market Absolute $ Opportunity
Chapter 5 Global Low-Carbon Propulsion Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Low-Carbon Propulsion Market Size Forecast by Type
5.2.1 CNG
5.2.2 LNG
5.2.3 Ethanol
5.2.4 Electric
5.2.5 Hydrogen
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low-Carbon Propulsion Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Low-Carbon Propulsion Market Size Forecast by Applications
6.2.1 Passenger Transport
6.2.2 Freight
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low-Carbon Propulsion Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low-Carbon Propulsion Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Low-Carbon Propulsion Analysis and Forecast
9.1 Introduction
9.2 North America Low-Carbon Propulsion Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Low-Carbon Propulsion Market Size Forecast by Type
9.6.1 CNG
9.6.2 LNG
9.6.3 Ethanol
9.6.4 Electric
9.6.5 Hydrogen
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Low-Carbon Propulsion Market Size Forecast by Applications
9.10.1 Passenger Transport
9.10.2 Freight
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Low-Carbon Propulsion Analysis and Forecast
10.1 Introduction
10.2 Europe Low-Carbon Propulsion Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Low-Carbon Propulsion Market Size Forecast by Type
10.6.1 CNG
10.6.2 LNG
10.6.3 Ethanol
10.6.4 Electric
10.6.5 Hydrogen
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Low-Carbon Propulsion Market Size Forecast by Applications
10.10.1 Passenger Transport
10.10.2 Freight
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Low-Carbon Propulsion Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low-Carbon Propulsion Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Low-Carbon Propulsion Market Size Forecast by Type
11.6.1 CNG
11.6.2 LNG
11.6.3 Ethanol
11.6.4 Electric
11.6.5 Hydrogen
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Low-Carbon Propulsion Market Size Forecast by Applications
11.10.1 Passenger Transport
11.10.2 Freight
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Low-Carbon Propulsion Analysis and Forecast
12.1 Introduction
12.2 Latin America Low-Carbon Propulsion Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Low-Carbon Propulsion Market Size Forecast by Type
12.6.1 CNG
12.6.2 LNG
12.6.3 Ethanol
12.6.4 Electric
12.6.5 Hydrogen
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Low-Carbon Propulsion Market Size Forecast by Applications
12.10.1 Passenger Transport
12.10.2 Freight
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Low-Carbon Propulsion Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low-Carbon Propulsion Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Low-Carbon Propulsion Market Size Forecast by Type
13.6.1 CNG
13.6.2 LNG
13.6.3 Ethanol
13.6.4 Electric
13.6.5 Hydrogen
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Low-Carbon Propulsion Market Size Forecast by Applications
13.10.1 Passenger Transport
13.10.2 Freight
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low-Carbon Propulsion Market: Competitive Dashboard
14.2 Global Low-Carbon Propulsion Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tesla
14.3.2 BYD
14.3.3 Nissan
14.3.4 Yutong
14.3.5 Proterra
