Lucintel anticipates that Asia Pacific will be the fastest growing region in the low emission vehicle market

   September 26, 2019
According to a market report by Lucintel, the future of the low emission vehicle market looks promising with opportunities in the full hybrid, mild hybrid, plug-in hybrid, and pure electric vehicle markets. The low emission vehicle market is expected to grow with a CAGR of 30% from 2019 to 2024. The major drivers for this market are stringent environmental regulations for rising pollutants, increasing investment in low emission technologies, growing demand for full hybrid electric vehicle, and continuous vehicle fuel efficiency, and improvement in emission technology.   

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Within the low emission vehicle market, full hybrid, mild hybrid, plug-in hybrid, and pure electric vehicles are the major end use industries. Full hybrid electric vehicle (FHEV) is the largest end use segment for low emission vehicle.

Asia Pacific will remain the largest region over the forecast period due to higher production and sales of low emission vehicles, and various initiatives taken by the government to promote green fuel technologies.

KIA Motors, General Motors, Isuzu motors, Mercedes-Benz, Mitsubishi Motors, Nissan, Renault, Toyota Motors, Byd Company, Cobasys, Ford Motors, Honeywell International, and Hyundai Motors are among the major manufacturers of low emission vehicle.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the low emission vehicle market by degree of hybridization, by battery type, and by region. Lucintel has prepared a comprehensive research report titled "Low Emission Vehicle Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the low emission vehicle market by degree of hybridization, by battery type, and by region as follows:

By Degree of Hybridization [$M shipment analysis for 2013 – 2024]

  • Full Hybrid Electric Vehicle (FHEV)   

  • Mild Hybrid Electric Vehicle (MHEV)  

  • Plug-In Hybrid Electric Vehicle (PHEV)   

  • Pure Electric Vehicle (BEV/ EV)    

By Battery Type [$M shipment analysis for 2013 – 2024]

  • Lead Acid Battery    

  • Nickel Cadmium Battery

  • Metal Hydride Battery

  • Lithium Ion Battery

  • Others

By Region [$M shipment analysis for 2013 – 2024]

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • Germany

    • Russia

    • France

    • United Kingdom

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Indonesia

  • The Rest of the World

    • Brazil

    • Turkey

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

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