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. Rise in cost of fossil fuel, owing to its limited stock and availability, and surge in demand for emission-free vehicles have led to the development of the air powered vehicle. The air powered vehicle offers long life of the vehicle, high energy density of compressed air, and low toxicity as compared to Others alternatives of the IC engine vehicle.
This report contains market size and forecasts of Air Powered Vehicle in global, including the following market information:
- Global Air Powered Vehicle Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Air Powered Vehicle Market Sales, 2017-2022, 2023-2028, (K Units)
- Global top five Air Powered Vehicle companies in 2021 (%)
- The global Air Powered Vehicle market was valued at 101.3 million in 2021 and is projected to reach US$ 765.4 million by 2028, at a CAGR of 33.5% during the forecast period.
- The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
- Single Energy Mode Segment to Reach $ Million by 2028, with a % CAGR in next six years.
- The global key manufacturers of Air Powered Vehicle include Motor Development International, Tata Motors, Engineair, Honda Motor and Groupe PSA, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
- We surveyed the Air Powered Vehicle manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Air Powered Vehicle Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Air Powered Vehicle Market Segment Percentages, by Type, 2021 (%)
- Single Energy Mode
- Dual Energy Mode
Global Air Powered Vehicle Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Air Powered Vehicle Market Segment Percentages, by Application, 2021 (%)
- Passenger Vehicles
- Commercial Vehicles
Global Air Powered Vehicle Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Air Powered Vehicle Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Air Powered Vehicle revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Air Powered Vehicle revenues share in global market, 2021 (%)
- Key companies Air Powered Vehicle sales in global market, 2017-2022 (Estimated), (K Units)
- Key companies Air Powered Vehicle sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Motor Development International
- Tata Motors
- Engineair
- Honda Motor
- Groupe PSA
