Press release
Air Powered Vehicle Market 2019 Industry Overview by Groupe PSA, Engineair Pty Ltd, Motor Development International SA, Phinergy, Magnetic Air Car, Inc, TATA Motors, and Honda Motor
the Global Air Powered Vehicle Market is expected to grow at a CAGR of 69.5% during the forecast period. Factors such as limited resources of fossil fuel, the cost of fossil fuel are fueling the market growth. However, owing to emission concerns, government subsidies and incentives are a hindrance for the growth of the market.Get a Sample Copy of this Report @ https://marketprognosis.com/sample-request/19517
Air powered vehicle, also known as air compressed vehicle, is a green vehicle that uses a compressed air engine, an alternative of the internal combustion (IC) engine, and works on the principle of compressed air technology (CAT). An air powered vehicle utilizes compressed air, a non-polluting fuel, as a power source in order to run the vehicle.
Some of the key players in Air Powered Vehicle market include Groupe PSA, Engineair Pty Ltd, Motor Development International SA, Phinergy, Magnetic Air Car, Inc, TATA Motors, and Honda Motor Co., Ltd.
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Market Segments:
Based on vehicle type, passenger vehicle segment propels the market share during the forecast period. Due to the rise in regulation on emission in cities and sub-cities and as an air powered vehicle is less polluting and is projected to comply with emission regulations. By geography, Europe region is anticipated to grow due to rising awareness about emissions caused by vehicles and increasing adoption of emission-free vehicles.
Vehicle Types Covered:
• Commercial Vehicle
• Passenger Vehicle
Energy Modes Covered:
• Dual Energy Mode
• Single Energy Mode
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