Everything News Jobs Opportunities Events Products/Services
Go to Home
Sign Up Sign in

Harry Walter - TransparencyMarket Research

05 Aug 2015 11:08:16

Alternative Fuel Vehicles Market- Global Segments and Forecast up to 2023

Vehicles using conventional fuelshas been predominantly used all over the globe. Apart from being expensive, these fuels are major cause of environmental hazards. Some of the major countries such as US and Italy are now focusing on the other form of fuels. The primary reason behind this shift is to reduce the import dependency on foreign countries, which is burdening the economy. The recent price fluctuations in fuels have affected the major world economies. Hence to avoid any adverse effect the countries are focusing on reducing the usage of conventional fuel especially crude oil. These factors have accelerated the growth in alternative fuel’s market.

Browse the full Alternative Fuel Vehicles Market report at http://www.transparencymarketresearch.com/alternative-fuel-vehicles-market.html

The alternative fuel is fast replacing the conventional fuels in transportation, chemical, agricultural and industrial sector. The transportation section consist of many companies offering vehicle altered to suit alternative fuels. The alternative fuel vehicle can be divided on the basis of fuel used such as biodiesel, biomass, propane, electricity, hydrogen, non-fossil methane, non-fossil natural gas, and ethane among others. On the end user basis this market can be segmented as government vehicles, private fleets, industrial transportation and domestic user’s vehicle. The government vehicles and the private fleets have the largest share in the alternative fuel vehicle’s market.

Alternative fuel vehicles are majorly dependent on the fuel used for their performance and distinct advantages. Propane is widely used alternative fuel that has been an effective vehicle fuel for decades. The electricity based vehicle provides an attractive prospect by offering easilychargeable and noiseless urban transportation. It comes in three types as all-electric, hybrid electric, and plug-in hybrid electric vehicles. Biodiesel is a domestically produced renewable fuel. Its physical properties are similar to petroleum diesel. However they provide a cleaner alternative through less emissions. Ethanol made from corn and other plant materials is used with gasoline for vehicles. Hydrogen is not a very widely known alternative, but can be one of the least emission causing fuels. The alternative fuel vehicle’s market has slow growth, but is projected to pick up pace in the coming years as the natural gas and other alternative fuels reserves are being produced in abundant. The availability of fuel locally and the corresponding efficiency of engines provides a major advantage for the consumer. However the high cost of fuel, less availability of charging station and lack of awareness act as the major hindrance in the growth of alternative fuel vehicles.

Get the sample report at http://www.transparencymarketresearch.com/sample/sample.php?flag=b&rep_id=5549

North American region is the most attractive market for alternative fuel vehicle. The various regulation by US government to control the emissions and import of fuels has proved advantageous for the alternative fuels. The government of many countries such as US, China and Italy are providing the alternative fuel vehicles buyers various incentives to boost the sale. Asian manufacturers such as Toyota and Hyundai are among the pioneer companies in this market. Among the European countries, Italy has the major share in the sale of alternative fuel vehicles. The government and privately fleet vehicles are being converted to switch to alternative fuel at accelerated rate.

Most of the vehicle manufacturers are offering alternative fuel based vehicles today. Some of the major players in this market are Ford Motor Company, Jaguar Land Rover Limited, Toyota Motor Corporation,Hyundai Motor Company, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., Shell International B.V., BYD Company Limited, Daimler AG, Honda Motor Co., Ltd., and Mitsubishi Motors, among others.

Read more Semiconductor and Electronics report at http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html

About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Discussion Thread  


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

Related Items From Everyone

  1. Fireplace Products Organisations

    We are a company based in Rayleigh, Essex (United Kingdom) made up of people...

  2. We thank the Department of Energy and Climate Change (DECC) for working to address the gap in...

    26 Apr 2011
  3. Ofgem has highlighted the progress it has made in the past 12 months connecting renewable energy...

    27 Jul 2009
  4. CICS Organisations

    About CICS Headquartered in Stoke-on-Trent (UK) CICS provides industry...

  5. Footprint Environmental Solutions Ltd is an independent company set up to...

Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback


We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.