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2022
Air Powered Vehicle Market

Air Powered Vehicle Market by Engine Mode (Dual Energy Mode and Single Energy Mode) and Vehicle Type (Passenger Vehicle and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2022-2029

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May 2022 | 649 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Air Powered Vehicle Market Outlook - 2027

Increasing greenhouse effect caused by majority of road transport vehicles has stimulated the need for automotive manufacturers to find and develop the fuel of the future. The air powered vehicle is one such type of vehicle which emits low or no pollutants. The air powered vehicle is powered by pressurized atmospheric gas. As the vehicle runs on compressed air instead of gasoline, the vehicle is considered into environmentally friendly vehicle. Moreover, the vehicle propels by release and expansion of pas with the help of pneumatic motor. The air inside air powered vehicle is fed through air injector to the engine. The air is pushed down into small chamber which further moves the crankshaft and powers the vehicle.

COVID-19 scenario analysis: 

  • The extent and effectiveness of government initiatives to stimulate the economy will have a strong impact on GDP.
  • Stimulus programs for the airline, automotive, construction, and infrastructure sectors will have the biggest impact on both GDP growth and oil demand.
  • Further, the pandemic has turned the focus of automakers to look for an alternative fuel.
  • Moreover, this focus will enhance the market for air powered vehicle market. 
  • Besides, the adoption of cleaner technologies due to rising awareness of environmental resurgence during the pandemic will increase the sales of air powered vehicles. 

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Increasing awareness of environment friendly vehicle has amplified the market of air powered vehicle. Additionally, stringent government norms and emission standards to reduce carbon footprints globally is major driving factor of air powered vehicle market. Besides, the air powered vehicle is economical than conventional internal combustion engines. Moreover, rising fuel prices is anticipated to foster the air powered vehicle market. However, increasing adoption of BEVs & HEVs are hampering the growth of the market.  Further, less maintenance of air powered vehicle as compared to gasoline internal combustion engines is proliferating market growth. 

The Air Powered Vehicle market trends are as follows:

Increasing research and development to drive the market

Various companies are investing in the research and development of the air powered vehicle owing to its advantages. Besides, companies are planning strategically for deployment of air powered vehicles. Additionally, the manufacturers are developing to increase the range and performance of vehicle. Although, the production vehicle is yet to be revealed, companies have launched various concept vehicles. Also, companies are working actively on launch of production vehicles. For instance, in 2017, Dr. Tim Leverton, president and head at Advanced and Product Engineering at Tata revealed that the first air powered vehicle would be available by 2020. 

Air hybrid to propel the market

The automaker has increased focus on developing air hybrid vehicles. When the hybrid air vehicle needs to accelerate, the pressurized nitrogen gas pushes the hydraulic fluid, which drives a hydraulic motor connected to the transmission. Groupe PSA is developing an innovative full hybrid petrol solution which combines the environmental advantages of compressed air and the performance of a petrol engine without using electricity. The vehicle uses nitrogen gas compressed by energy harvested from braking or deceleration to power a hydraulic drive which supplements power from its conventional gasoline engine. The concept of air hybrid was first unveiled at 2013, Geneva Motor Show.

Key benefits of the report:

  • This study presents the analytical depiction of the air powered vehicle industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed Air Powered Vehicle market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the air powered vehicle market research report:

  • What are the leading market players active in the Air Powered Vehicle market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
BY Energy mode
  • Dual Energy Mode
  • Single Energy Mode
By Vehicle type
  • Passenger vehicle
  • Commercial vehicle
By Region
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • rest of LATAM
  • Middle East
  • Africa


Key Market Players

  • Motor Development International SA
  • Tata Motors
  • Magnetic Air Car Inc.
  • Engineair Pty Ltd
  • Honda Motor Co., Ltd.
  • Groupe PSA
  • Phinergy
  • Matrix Comsec.
  • APUQ
 
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