Press release
Alternative Powertrain Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Toyota Motor Corporation, Honda Motor Co. Ltd., Hyundai Motor Group, BYD Company Ltd., Daimler Truck AG
Alternative Powertrain Market Characteristics
The Business Research Company offers in-depth market insights through Alternative Powertrain Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The alternative powertrain market size has grown exponentially in recent years. It will grow from $108 billion in 2023 to $130.48 billion in 2024 at a compound annual growth rate (CAGR) of 20.8%. The growth in the historic period can be attributed to global electrification initiatives, fuel price volatility, consumer awareness, government incentives, infrastructure development, automaker commitments.
The alternative powertrain market size is expected to see rapid growth in the next few years. It will grow to $269.46 billion in 2028 at a compound annual growth rate (CAGR) of 19.9%. The growth in the forecast period can be attributed to evolving regulatory landscape, advancements in energy storage, increasing consumer acceptance, global electrification initiatives, cost reduction, global urbanization and e-mobility solutions. Major trends in the forecast period include advancements in battery technology, hybridization and electrification across vehicle types, government regulations driving adoption, fuel cell technology advancements, expansion of charging infrastructure, focus on lightweight materials and efficiency.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=9492&type=smp
Market Segmentation:
The alternative powertrain market covered in this report is segmented -
1) By Powertrain: Battery Electric Vehicle Powertrain, Hybrid Powertrain
2) By Component: Battery, Motor or Generator, Battery Management System (BMS), On-Board Charger
3) By Application: Commercial Vehicle, Passenger Cars, Off Highway
Major Driver - Growing Demand For Fuel-Efficient Vehicles Propels Expansion Of The Alternative Powertrain Market
The rise in demand for fuel-efficient vehicles is expected to boost the growth of the alternative powertrain market going forward. Fuel-efficient vehicles refer to automobiles with a minimum green score of 40 on the American Council for an Energy-Efficient Economy's (ACEEE) yearly vehicle rating guide. Technologically sophisticated alternative powertrains aid in lowering fuel consumption, which increases the vehicle's fuel efficiency. For instance, in 2021, according to a report published by the United States Environmental Protection Agency, a US-based federal government agency for the protection of human health and the environment, the average predicted real-world CO2 emission rate for all new vehicles in model year 2021 decreased by 2 g/mi to 347 g/mi, the lowest ever recorded. Kia, a South Korea-based automobile manufacturer reduced CO2 emissions by 29 g/mi between model years 2016 and 2021, which was the biggest reduction. Therefore, the rise in demand for fuel-efficient vehicles is driving the growth of the alternative powertrain market.
Competitive Landscape:
Major companies operating in the alternative powertrain market report are Toyota Motor Corporation, Honda Motor Co. Ltd., Hyundai Motor Group, BYD Company Ltd., Daimler Truck AG., Nissan Motor Co. Ltd., Allison Transmission Inc., Bayerische Motoren Werke AG, The General Motors Company, Beijing Automotive Group Co. Ltd., Tesla Inc., Renault-Nissan Alliance, Yuchai International Imp & Exp (Beijing) Co. Ltd., Zhejiang Geely Holding Group Co. Ltd., Volvo Car Corporation, Volkswagen, Ford Motor Company, Gulf Agency Company Ltd., Kia and Kia Motors Corporation, IAV Automotive Engineering, Rotork Plc, Eaton Corporation, Parker Hannifin Corporation, Moog Inc., Altra Industrial Motion India Pvt. Ltd., Honeywell Corporation, Rockwell Automation Inc., Proterra Inc., Cummins Inc., Ballard Power Systems Inc., Plug Power Inc., Hydrogenics Corporation .
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/alternative-powertrain-global-market-report
Top Trend - Innovative Technological Advancements Drive Evolution In The Alternative Powertrain Market
Technological advancements are a key trend gaining popularity in the alternative powertrain market. Major companies operating in the alternative powertrain market are focusing on developing new technologies to strengthen their position in the market. For instance, in May 2022, US Hybrid, a US-based designer and manufacturer of power conversion systems, launched near-zero-emission, natural gas-powered parallel hybrid powertrain technology to be used for drayage and long-haul trucks. This technology's unique features include more power, range, and an efficient powertrain compared to diesel-powered engines or other CNG or renewable natural gas (RNG) alternatives. With the help of this technology, conventional long-haul fleet operators should be able to provide near-zero-emission roadside charging assistance, giving fleet clients flexibility and convenience.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Alternative Powertrain Market Characteristics
3. Alternative Powertrain Market Trends And Strategies
4. Alternative Powertrain Market - Macro Economic Scenario
5. Alternative Powertrain Market Size And Growth
…..
27. Alternative Powertrain Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Alternative Powertrain Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Toyota Motor Corporation, Honda Motor Co. Ltd., Hyundai Motor Group, BYD Company Ltd., Daimler Truck AG here
News-ID: 3424469 • Views: …
More Releases from The Business research company
Customized Premixes Market Share, Opportunities Analysis, Recent Trends, Regiona …
The customized premixes market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $2.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increase in health awareness, change in dietary patterns, rise in disposable income, aging population, rise in nutrition deficiencies.
The customized premixes market…
Custom T-Shirt Printing Market Size, Regional Overview, Competitive Landscape, B …
The custom t-shirt printing market size has grown rapidly in recent years. It will grow from $7.46 billion in 2023 to $8.22 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to customization and personalization trend
growth of e-commerce and online printing platforms, increased promotional and marketing activities, increased apparel and fashion industry collaboration, cultural and social…
Cryogenic Pump Market Size, Share , Latest Trends, Key Players And Forecast To 2 …
The cryogenic pump market size has grown strongly in recent years. It will grow from $2.27 billion in 2023 to $2.42 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growth in industrial gas applications (e.g., lng, lpg, liquid nitrogen), expansion of the healthcare and medical gases market, increased demand for cryogenic equipment…
Cryogenic Equipment Market Growth Statistics, Regional Analysis, Top Players, Si …
The cryogenic equipment market size has grown strongly in recent years. It will grow from $14.44 billion in 2023 to $15.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to increased industrial gas demand, increased need for energy storage and distribution, healthcare and medical applications, space exploration, and energy efficiency.
The cryogenic equipment market size is…
More Releases for Power
Japan Power Market Outlook to 2030, Update 2018 – The Kansai Electric Power, C …
Japan Power Market
This report elaborates Japan's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the Japanese power market's regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided. The report also gives a snapshot of the power sector in Japan on broad parameters of macroeconomics, supply security, generation…
Global Power Rental Market Insight Report 2018 - Rental Power Solutions, Power E …
The global "Power Rental" Market research report gives point to point breakdown along with the data of Power Rental market’s analytical study, regional analysis, growth factors and leading companies. The research report about the market provides the data about the aspects which drive the expansion of Power Rental industry. The Power Rental market consists of large key companies who play a vital role in the production, manufacturing, sales and distribution…
Japan: Geothermal Power Market Power Plants, Regulations and Company Profiles 20 …
"Geothermal Power in Japan, Market Outlook to 2030, Update 2018-Capacity, Generation, Power Plants, Regulations and Company Profiles", is the latest report from Publisher, the industry analysis specialists that offer comprehensive information and understanding of the Geothermal market in Japan.
The report provides an in-depth analysis on global renewable power market and global Geothermal market with forecasts up to 2030. The report analyzes the power market scenario in Japan (includes conventional Hydro,…
Temporary Power Generation/Power Rental Market Analysis by Leading Manufacturers …
A new research study from HTF MI with title Global Temporary Power Generation/Power Rental Market Size, Status and Forecast 2025 provides an in-depth assessment of the Temporary Power Generation/Power Rental including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Temporary Power Generation/Power Rental investments till 2022.
Access Sample Copy @: https://www.htfmarketreport.com/sample-report/1191683-global-temporary-power-generation-power-rental-market-2
If you are involved in…
DC Power Connectors ,DC Power Connectors industry, DC Power Connectors market tr …
Global DC Power Connectors Industry
New Study on “2018-2025 DC Power Connectors Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” added to Wise Guy Reports Database
This report studies the global DC Power Connectors market status and forecast, categorizes the global DC Power Connectors market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other…
Global Temporary Power Generation/Power Rental Market 2017 - Aggreko, HSS, Power …
Increasing power consumption for industrial and commercial applications has built up a demand-supply gap in the power market. This gap is even more evident during the peak hours for electricity consumption. This has led to the development of power rental systems which are capable of providing temporary power during phases of the low power supply.
Scope of the Report:
This report focuses on the Temporary Power Generation/Power Rental in Global market, especially…
