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Repercussion of Fossil Fuel on the Environment Drives Growth of Air Powered Vehicle Market

Press release Description

Albany, New York, January 10, 2019: As the world is combating fuel crisis compounded by pollution, governing bodies have come up with low emission vehicle. The air powered vehicle is the innovative solution to the environmental degradation and energy crisis. The sheer repercussion air pollution has on the environment, thereby making the environment prone to global warming has boosted the market for air powered vehicle.

Air powered vehicle needs low refueling cost and is efficient vis-à-vis vehicle powered by fossil fuel. The impact of fossil fuel on the environment and the shortage of the fuel have bolstered the demand for air powered vehicle. These excerpts are according to the report titled, “Air Powered Vehicle Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been lately incorporated in the repository of Market Research Reports Search Engine (MRRSE).

Though demand for electric vehicle is on the rise, air powered vehicle, unlike the former is economical and the compressed air tanks can be predisposed with minimal pollution. Having said that, growing adoption of electric vehicle, limited infrastructure for refueling and low speed of air powered vehicle are likely to inhibit the growth of air powered vehicle.

A group of Egyptian students recently designed a car that runs on air which will promote clean energy and face soaring energy crisis. The go-kart-like vehicle will last almost 30 kilometers before needing to be refueled and can clock speed of 40 kilometers per hour. Moreover, the operational cost will almost be zero as the vehicle will be running on compressed air. Meanwhile, India’s Tata Motors is vying to roll out car equipped with compressed air technology which will be an answer to energy shortages and environmental degradation. These cars, with aluminum construction will weigh less and be fuel efficient.

Air Powered Vehicle Market: Report Content

The report offers a quantitative and qualitative analysis on the air powered vehicle market for the forecast period 2018-2026. The report delves into the drivers, opportunities, trends and restraints that affect the growth of air powered vehicle market. Further, the report segments the market to provide an in-depth view of the market. The market is segregated with respect to energy mode, vehicle type and region.

The report starts with preface incorporating market segmentation followed by executive summary. A section is dedicated to market overview which elucidates the market taxonomy and the market indicators. This section also includes Porters’ Five Force Analysis and value chain analysis. The final section delves into competitive landscape including the company overview, financial overview, strategies, manufacturing footprint, major executive bios and recent developments. Prominent players operating in the air powered vehicle market, delineated in the report are, namely, TATA Motors, Magnetic Air Car Inc., Motor Development International SA and Honda Motor Co. Ltd.

Air Powered Vehicle Market: Research Methodology

Research methodology incorporated in the report include secondary sources, primary sources and discussion with industry participants. Secondary sources include, but are not limited to annual reports, broker reports, investor presentation, technical writing, trade association, European Automobile Manufacturers Association, Factiva, and Hovers. Whereas, primary sources encompass linked interviews, e-mail interactions, face-to-face interviews and telephonic interviews.

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