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Pulished Date April, 2021
ID: 8920
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Air Powered Vehicle market segmentation By Product Type (single energy mode, dual energy mode) By Vehicle Type (passenger cars, commercial vehicles) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: April, 2021
ID: 8920
Pages: 160

Air Powered Vehicle Market Size, Trends & Growth (2021 - 2026)

Air powered vehicles or compressed air vehicles are environmentally friendly vehicles that use compressed air engines as a replacement for internal combustion (IC) engines for driving and operation according to the principles of compressed air technology (CAT). Pneumatic vehicles use the expansion of compressed air as a source of energy to drive the piston of an engine. The motor used in an air vehicle is called an air motor, which is an inflation actuator that generates useful energy by expanding compressed air. Since fuels do not mix with air in this engine, combustion does not take place in air powered vehicles.

The increased greenhouse effect caused by most trucking vehicles has fueled the need for automakers to find and develop the fuel of the future. The compressed air vehicle is one of those types of vehicles that emits little or no pollutants. The pneumatic vehicle is powered by pressurized atmospheric gas. As the vehicle runs on compressed air instead of gasoline, the vehicle is considered an environmentally friendly vehicle. In addition, the vehicle is propelled by releasing and expanding steps using an air motor. The air inside the pneumatic vehicle is supplied by an air injector to the engine. Air is pushed down into a small chamber that further moves the crankshaft and propels the vehicle.

Recent Developments:

  • Indian Oil Corporation Ltd (IOCL) has rapidly diversified into the production of alternative forms of energy in recent years. As part of its strategy, the company partnered with Israeli startup Phinergy to develop aluminum-air (Al-air) batteries, and the partners are preparing to establish their manufacturing facilities soon. “We are going to set up a factory.
  • The rotary piston engine is an engine that runs on compressed air or phase change coolants. The goal of this idea is to implement vehicles that consume the least amount of energy to perform a certain amount of work, as opposed to an internal combustion engine with its crazy idle at traffic lights; our engine doesn't need to.
  • With Hybrid Air technology, Groupe PSA combines the environmental benefits of compressed air and the performance of a gasoline engine without consuming electricity.
  • Honda Motor Co's new CEO said Friday that the company aims to increase its share of electric vehicles (EV) and fuel cell vehicles (FCV) to 100% of all sales by 2040.
  • Tata Motors had signed a license agreement with France-based Motor Development International (MDI) in 2007 to produce and sell pneumatic cars using MDI technology in India, as well as to further refine the technology.
  • An AirPod concept model produced by Motor Development International (MDI). The model works with compressed air. Tata Motors is the sole licensee of MDI's compressed air motor in India. (An AirPod concept model produced by Motor Development International (MDI). The model runs on compressed air.
  • The environmental challenges posed by passenger cars are significant and require a wide range of evolutionary and revolutionary solutions. Gasoline (gasoline), which is the most widely used fuel in these cars, is responsible for vehicle pollution because it produces carbon dioxide, nitrogen oxides, and unburned hydrocarbons.

Drivers and Restraints of Air Powered Vehicle Market:

Drivers:

The growing awareness of green vehicles has expanded the market for pneumatic vehicles. Additionally, stringent government standards and emissions standards aimed at reducing the carbon footprint globally are a key driver of the compressed air vehicle market. Furthermore, the compressed air vehicle is more economical than conventional internal combustion engines. In addition, rising fuel prices should favor the market for compressed air vehicles.

Restraints:

However, the increasing adoption of BEV and HEV is hampering the growth of the market. In addition, the lower maintenance of compressed air vehicles compared to gasoline internal combustion engines proliferates market growth.

Air Powered Vehicle Market Segmentation:

By Product Type:

  • Single energy mode

  • Dual energy mode

Single-energy mode is predicted to dominate the worldwide air vehicle market, as single-mode pneumatic vehicles only use compressed gas for propulsion. In addition, developing countries and cities have a higher demand for emission-free vehicles, which are expected to have a significant market share during the forecast period.

By Vehicle Type:

  • Passenger cars
  • Commercial vehicles

The passenger car segment has the largest share of the world market due to improved regulation of urban and suburban emissions and the fact that compressed air vehicles are emission free, which is in line with EU regulations emissions. This, in turn, is expected to fuel pneumatic vehicle market demand in the passenger car segment during the forecast period. Furthermore, the growing demand for compact and light vehicles is expected to drive the pneumatic vehicle market around the world.

Air Powered Vehicle Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada

North America is estimated to represent a significant market share in the global pneumatic vehicle market. The market in this region is dominated by the United States, which accounts for almost 70% of sales. The development of clean energy for vehicles and the growing awareness of maintaining environmental balance are the main drivers of the market in this region.

  1. Europe
    1. Norway
    2. Germany
    3. Sweden
  2. Asia Pacific
    1. China
    2. India
    3. Japan

The Asia Pacific region market is expected to experience the highest CAGR over the next five years. This region is characterized by some of the emerging economies, notably China and India, which are individually large auto markets. In addition, increasing initiatives by governments and relevant authorities related to environmental protection are also stimulating the demand for compressed air vehicles in this region. This region is known as one of the main exports of compressed air vehicles due to its low manufacturing costs and the availability of cheap and skilled labor, as well as technologically advanced infrastructure.

  1. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  2. Middle East and Africa

a. Middle East

b. Africa

Key Players of Market:

The prominent players in the Global Air Powered Car Market include Motor Development International SA (France), Tata Motors (India), Honda Motor Company, Ltd. (Japan), Groupe PSA (France), Engineair Pty Ltd (Australia), and Phinergy (Israel).

IMPACT OF COVID-19 ON AIR POWERED VEHICLE MARKET:

The scope and effectiveness of government initiatives to stimulate the economy will have a significant impact on GDP. Stimulus programs for the air transport, automotive, construction and infrastructure sectors will have the greatest impact on GDP growth and oil demand. In addition, the pandemic has drawn the attention of automakers to the search for an alternative fuel. In addition, this orientation will improve the market for compressed air vehicles. In addition, the adoption of cleaner technologies due to the growing awareness of the environmental resurgence during the pandemic will increase sales of pneumatic vehicles.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Air Powered Vehicle Market, By Product Type                 

                    6.1.1 single energy mode 

                    6.1.2 dual energy mode    

                    6.1.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Air Powered Vehicle Market, By Vehicle Type                  

                    6.2.1 passenger cars        

                    6.2.2 commercial vehicles 

                    6.2.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2021 - 2026)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Product Type       

                    7.2.3 By Vehicle Type        

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Product Type       

                    7.3.3 By Vehicle Type        

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Product Type       

                    7.4.3 By Vehicle Type        

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Product Type       

                    7.5.3 By Vehicle Type        

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Product Type       

                    7.6.3 By Vehicle Type        

8. Key Player Analysis                           

          8.1 Motor Development International SA (France)                 

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Tata Motors (India)                

          8.3 Honda Motor Company, Ltd. (Japan)          

          8.4 Groupe PSA (France)             

          8.5 Engineair Pty Ltd (Australia)             

          8.6 Phinergy (Israel)          

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Product, by system, by service and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Air Powered Vehicle Market By Region, From 2021-2026 ( USD Billion )
  2. Global Air Powered Vehicle Market By Product Type, From 2021-2026 ( USD Billion )
  3. Global single energy mode Market By Region, From 2021-2026 ( USD Billion )
  4. Global dual energy mode Market By Region, From 2021-2026 ( USD Billion )
  5. Global Air Powered Vehicle Market By Vehicle Type, From 2021-2026 ( USD Billion )
  6. Global passenger cars Market By Region, From 2021-2026 ( USD Billion )
  7. Global commercial vehicles Market By Region, From 2021-2026 ( USD Billion )

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