Global Low-Carbon Propulsion Market

Global Low-Carbon Propulsion Market Size, Trends, Analysis - Forecasts to 2026 By Fuel Type (CNG, LNG, Ethanol, Electric, Hydrogen), By Mode (Rail, Road), By Vehicle Type (Heavy-Duty, Light-Duty), By Application (Passenger and Freight), By Electric Vehicle (Electric Passenger Car, Electric Bus, Electric Two-Wheeler, Electric Off-Highway), By Region (North America, Europe, Asia Pacific and Rest of the World); End User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis

Category Automotive & Transportation

Format

This report was recently updated on April 18 2024 with the latest and most recent market numbers

Low-Carbon Propulsion Market Insights

The global low carbon propulsion market is projected to grow at significant CAGR% during the forecast period. Technological advancements to improve the emission standards by conventional conversions of vehicles is driving the market growth. The growing demand for fuel efficiency in commercial vehicles is also propelling the market growth for low-carbon propulsions. In addition, the increasing focus on the reduction of carbon emissions, along with the rising fulfillment of mass transit with less fuel costs are boosting the market demand. However, the hostile climatic change is likely to hamper the market growth.

Low-Carbon Propulsion Market Size: By Fuel Type

On the basis of fuel type, the market is segmented into CNG, LNG, Ethanol, Electric and Hydrogen. Hydrogen segment is anticipated to account for the largest market share during the forecast period. Hydrogen fuel is an emission-free alternative that can be obtained from various sources such as fossil fuels, natural gas, and water among others. Hydrogen can be produced from various techniques such as the thermochemical process, electrolytic process, direct solar water splitting process, and biological processes among others. Growing usage of hydrogen fuel among light vehicles is propelling the market growth.

Low-Carbon Propulsion Market Size: By Vehicle Type

On the basis of vehicle type, the market is segmented into heavy-duty and light-duty. Light duty segment is expected to hold the largest market share during the forecast period. The rising demand for light weight vehicles due to the emergence of the e-Commerce sector is driving the market growth. Favorable initiatives by various national governments in the form of tax exemptions and subsidies on low emission vehicle manufacturing is expected to propel the market growth for low carbon propulsion.

Low-Carbon Propulsion Market Size: By Electric Vehicle

On the basis of electric vehicle, the market is segmented into electric passenger cars, electric buses, electric two wheelers and electric off-highway. Electric passenger car segment is expected to hold the largest market share during the forecast period. The growing demand for electric vehicles than ICE vehicles, and the growing stringency of emission norms are the major factors driving the market growth.

Low-Carbon Propulsion Market Size: By Region

Asia Pacific is expected to grow at a high CAGR during the forecast period owing to the comparatively lesser prices for CNG/LNG in transport. The adoption of electric and hydrogen driven transports in the region, and growing adoption of cleaner technologies is also driving the market growth in the region. The presence of leading automotive players such as Toyota, Hyundai, Honda, Maruti, and Suzuki among others is driving the market growth in the region. North America is expected to lead the market during the forecast period. U.S. is prone to high air pollution levels. The emission of nitrogen oxides (NOx), hydrocarbons (HC), and particulate matter (PM) due to the growing consumption of gasoline accelerates the growth of the market. Europe is projected to grow at a rapid pace during the forecast period due to the development of the safety and fuel efficiency of commercial vehicles.

Low-Carbon Propulsion Market- End Use Landscape

The end user landscape entails a list of current and prospective consumer prevailing in the market. This section briefs about the company’s address, contact details, products and regional presence of the company who are prone to purchase the products. The key end users are Honda, Toyota, and KIA among others.

Low-Carbon Propulsion Market- Vendor Landscape

The reports contains a chapter dedicated to the vendors operating in the market, covering raw material, equipment developer, distributors and manufacturers. The report provides these insights on a regional level. This section incorporates contact details, experience, and products manufactured/supplied and geographical presence of the companies.

Low-Carbon Propulsion Market Share & Competitor Analysis

Some of the major contributors in the low carbon propulsion market include: Tesla (US), BYD (China), Nissan Motor (Japan), Yutong (China), and Proterra, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

Check the Press Release on Global Low-Carbon Propulsion Market Report

Low-Carbon Propulsion Market: By Fuel Type

Introduction
1. Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
CNG
1. CNG: Low-Carbon Propulsion Market, 2018-2026 (USD Million)
LNG
1. LNG: Low-Carbon Propulsion Market, 2018-2026 (USD Million)
Ethanol
1. Ethanol: Low-Carbon Propulsion Market, 2018-2026 (USD Million)
Electric
1. Electric: Low-Carbon Propulsion Market, 2018-2026 (USD Million)
Hydrogen
1. Hydrogen: Low-Carbon Propulsion Market, 2018-2026 (USD Million)

Low-Carbon Propulsion Market: By Mode

Introduction
1. Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
Rail
1. Rail: Low-Carbon Propulsion Market, 2018-2026 (USD Million)
Road
1. Road: Low-Carbon Propulsion Market, 2018-2026 (USD Million)

Low-Carbon Propulsion Market: By Vehicle Type

Introduction
1. Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
Heavy-Duty
1. Heavy-Duty: Low-Carbon Propulsion Market, 2018-2026 (USD Million)
Light-Duty
1. Light-Duty: Low-Carbon Propulsion Market, 2018-2026 (USD Million)

Low-Carbon Propulsion Market: By Electric Vehicle

Introduction
1. Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
Electric Passenger Car
1. Electric Passenger Car: Low-Carbon Propulsion Market, 2018-2026 (USD Million)
Electric Bus
1. Electric Bus: Low-Carbon Propulsion Market, 2018-2026 (USD Million)
Electric Two wheelers
1. Electric two wheelers: Low-Carbon Propulsion Market, 2018-2026 (USD Million)
Electric Off Highway
1. Electric Off highway: Low-Carbon Propulsion Market, 2018-2026 (USD Million)

Low-Carbon Propulsion Market: By Application

Introduction
1. Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
Passenger
1. PASSENGER: Low-Carbon Propulsion Market, 2018-2026 (USD Million)
Freight
1. Freight: Low-Carbon Propulsion Market, 2018-2026 (USD Million)

Low-Carbon Propulsion Market: By Region

Introduction
1. Global Low-Carbon Propulsion Market, Regional Analysis, 2018-2026 (USD Million)
North America
1. North America Low-Carbon Propulsion Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Fuel Type
    1. North America Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
  2. By Mode
    1. North America Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
  3. By Vehicle Type
    1. North America Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
  4. By Electric Vehicle
    1. North America Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
  5. By Application
    1. North America Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
  6. By Country
    1. U.S
      1. By Fuel Type
        
        U.S Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        U.S Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        U.S Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        U.S Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        U.S Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
    2. Canada.
      1. By Fuel Type
        
        Canada Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        Canada Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Canada Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        Canada Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        Canada Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
    3. Mexico
      1. By Fuel Type
        
        Mexico Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        Mexico Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Mexico Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        Mexico Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        Mexico Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
Europe
1. Europe Low-Carbon Propulsion Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Fuel Type
    1. Europe Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
  2. By Mode
    1. Europe Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
  3. By Vehicle Type
    1. Europe Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
  4. By Electric Vehicle
    1. Europe Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
  5. By Application
    1. Europe Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
  6. By Country
    1. Germany
      1. By Fuel Type
        
        Germany Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        Germany Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Germany Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        Germany Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        Germany Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
    2. UK
      1. By Fuel Type
        
        UK Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        UK Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        UK Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        UK Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        UK Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
    3. France
      1. By Fuel Type
        
        France Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        France Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        France Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        France Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        France Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
    4. Italy
      1. By Fuel Type
        
        Italy Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        Italy Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Italy Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        Italy Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        Italy Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
    5. Spain
      1. By Fuel Type
        
        Spain Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        Spain Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Spain Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        Spain Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        Spain Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
    6. Rest Of Europe
      1. By Fuel Type
        
        Rest Of Europe Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        Rest Of Europe Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Rest Of Europe Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        Rest Of Europe Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        Rest Of Europe Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
Asia Pacific
1. Asia Pacific Low-Carbon Propulsion Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Fuel Type
    1. Asia Pacific Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
  2. By Mode
    1. Asia Pacific Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
  3. By Vehicle Type
    1. Asia Pacific Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
  4. By Electric Vehicle
    1. Asia Pacific Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
  5. By Country
    1. China
      1. By Fuel Type
        
        China Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        China Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        China Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        China Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        China Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
    2. Japan
      1. By Fuel Type
        
        Japan Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        Japan Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Japan Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        Japan Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        Japan Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
    3. India
      1. By Fuel Type
        
        India Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        India Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        India Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        India Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        India Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
    4. South Korea
      1. By Fuel Type
        
        South Korea Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        South Korea Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        South Korea Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        South Korea Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        South Korea Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
Central & South America
1. Central & South America Low-Carbon Propulsion Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Fuel Type
    1. Central & South America Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
  2. By Mode
    1. Central & South America Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
  3. By Vehicle Type
    1. Central & South America Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
  4. By Electric Vehicle
    1. Central & South America Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
  5. By Application
    1. Central & South America Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
  6. By Country
    1. Brazil
      1. By Fuel Type
        
        Brazil Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        Brazil Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Brazil Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        Brazil Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        Brazil Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Low-Carbon Propulsion Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Fuel Type
    1. Middle East & Africa Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
  2. By Mode
    1. Middle East & Africa Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
  3. By Vehicle Type
    1. Middle East & Africa Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
  4. By Electric Vehicle
    1. Middle East & Africa Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
  5. By Application
    1. Middle East & Africa Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
  6. By Country
    1. Saudi Arabia
      1. By Fuel Type
        
        Saudi Arabia Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        Saudi Arabia Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Saudi Arabia Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        Saudi Arabia Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        Saudi Arabia Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)
    2. UAE
      1. By Fuel Type
        
        UAE Low-Carbon Propulsion Market, By Fuel Type, 2018-2026 (USD Million)
      2. By Mode
        
        UAE Low-Carbon Propulsion Market, By Mode, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        UAE Low-Carbon Propulsion Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Electric Vehicle
        
        UAE Low-Carbon Propulsion Market, By Electric Vehicle, 2018-2026 (USD Million)
      5. By Application
        
        UAE Low-Carbon Propulsion Market, By Application, 2018-2026 (USD Million)

The global Low-Carbon Propulsion Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Low-Carbon Propulsion Market.

Low-Carbon Propulsion Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Low-Carbon Propulsion Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Low-Carbon Propulsion Market