Low Emission Vehicle Market - Forecast(2024 - 2030)

The Low Emission Vehicle Market size is estimated to reach $319251.9 Million by 2030, growing at a CAGR of 13.20% during the forecast period 2024-2030. The market for Low emission vehicles is anticipated to witness significant growth as they are being steadily accepted across the globe. At present, the market is dominated by Hybrid Electric Vehicles (HEVs) and expected to remain as market leader during the forecasted period. Regionally, the market of North America is expected to be the largest for HEVs.

Surge in population with increasing usage of personal transport vehicles has contributed to increase in air pollution in metropolitan cities. Expansion of secondary cities has also gained momentum as a part of development in various economies including India, China, Brazil, and Japan. However, old and inefficient transport infrastructure in metropolitan cities has lead to increasing levels of traffic congestion, noise, and vehicle emissions.

Apart from rise in monitoring duties, various emission regulations have been implemented that affect the type of fuel usage in today’s vehicles. Encouraging government initiatives for investing in new low emission technologies are expected to minimize fossil fuel usage that has major contribution to air pollution. This indeed has encouraged the industry participants and has encouraged investments in developing low carbon technologies and offer opportunities for improvisation in the automotive supply chain.

This report identifies the global Low Emission Vehicle Market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects with respect to Low Emission Vehicle Market.
 
Geographically North America dominated global Low Emission Vehicle Market , and is projected to have fastest growth, owing to significant Investment in medical device technology research and development has increased in the recent past as well as collaborations have led to recent advances in the technique in this region

This report segments global Low Emission Vehicle Market  on the basis of technique, by application, by end user  and By Region are as follows:

• Low Emission Vehicle Market , by hybridization : Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, BEV/EV
• Low Emission Vehicle Market , by type of battery : Lead Acid Battery, Nickel Cadmium Battery, Metal Hydride Battery, Lithium Ion Battery
• This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) covering all the major country level markets in each of the region.

This report identifies all the major companies operating in the Low Emission Vehicle Market. Some of the major companies’ profiles in detail are as follows:

• A123 SYSTEMS, INC.
• BYD COMPANY LTD
• DAIMLER AG
• DELPHI AUTOMOTIVE LLP 
• DENSO CORPORATION

Key Market Players:

The Top 5 companies in Low Emission Vehicle Market are:

1. Tesla
2. Toyota
3. BYD
4. Nissan
5. Ford