Industry Background:
The fossil fuel engines which were good enough for us before 30-40 years but today they are one of the sources of contributor of global warming and pollution with fossil fuel emergencies. The air powered vehicle is an eco-friendly vehicle which works on compressed air and an air powered vehicles uses air as a fuel. Further, an air powered vehicle uses the expansion of compressed air to drive the pistons of an engine. Also, an air driven engine is a pneumatic actuator which creates useful work by expanding compressed air and there is no mixing of fuel with air as there is no combustion.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Groupe PSA (France), Engineair Pty Ltd (Australia), Motor Development International SA (France), Phinergy (Israel), Magnetic Air Car, Inc (United States), TATA Motors (India) and Honda Motor Co., Ltd. (Japan) |
This growth is primarily driven by Increasing Cost of Fossil Fuel and High Growth in Demand for Emission-Free Vehicles.
Globally, a noticeable market trend is evident Increase in Air Pollution Has Encouraged the Regulatory Bodies to Develop Low Emission Vehicles Major Vendors, such as Groupe PSA (France), Engineair Pty Ltd (Australia), Motor Development International SA (France), Phinergy (Israel), Magnetic Air Car, Inc (United States), TATA Motors (India) and Honda Motor Co., Ltd. (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Leading key players of air powered vehicles are focusing on new product launch to improve their services along with focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Key Developments in the Market:
In order to create ultra-lightweight metal-air batteries that may be used in electric vehicles (EVs), the state-owned Indian Oil Corp (IOC) had bought a minority share in the Israeli battery manufacturer Phinergy Ltd
The improved Nexon EV MAX XZ+ LUX has been launched by Tata Motors .This top-tier version of the MAX has been upgraded with improved and high-tech features. It has a HARMAN 26.03 cm (10.25 inch) touchscreen infotainment system with a high-resolution (1920 x 720) High Definition (HD) display and quick response
Influencing Trend:
Increase in Air Pollution Has Encouraged the Regulatory Bodies to Develop Low Emission Vehicles
Market Growth Drivers:
Increasing Cost of Fossil Fuel and High Growth in Demand for Emission-Free Vehicles
Challenges:
Increasing Adoption of Electric Vehicles
Restraints:
Low Speed Offered By the Air Powered Vehicles
Opportunities:
Growing Demand from Developing Region
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Air Powered Vehicle Market
- Analysis about New Entrants in Air Powered Vehicle Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Air Powered Vehicle Study Sheds Light on
The Air Powered Vehicle Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Air Powered Vehicle industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Air Powered Vehicle industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.