According to this new CNG and LPG Vehicle Market report, Asia-Pacific is the potentially growing market for CNG and LPG vehicles, wherein Japan, Thailand, and Hong Kong have their 90% taxis running on LPG, which are retro-fitted. This research analyzing the industry by Vehicle Type (Passenger Cars & Light Commercial Vehicles), Fuel Type (CNG & LPG), and Geography (Asia-Pacific, Europe, Americas & ROW) - Industry Trends & Forecasts to 2019 is now available at RnRMarketResearch.com.
CNG and LPG vehicles are amongst the most popular alternative energy fueled vehicles with LPG being more popular and older than any alternative fuel. However, the trend is expected to change in the future and CNG is expected to be much more popular than LPG.As the governments mandate stricter emissions regulations in an effort to improve air quality, many transit agencies as well as personal users have turned to alternative fuels.In addition to the obvious environmental benefits, reduced operating costs, and government incentives have spurred the increased use of alternative fuels in the transit industry.
Browse 98 market data tables & 83 figures spread through 240 pages and in-depth TOC on “CNG & LPG Vehicle Market" at http://www.rnrmarketresearch.com/cng-lpg-vehicle-market-by-vehicle-type-passenger-cars-light-commercial-vehicles-fuel-type-cng-lpg-and-geography-asia-pacific-europe-americas-row-industry-trends-forecasts-to-2019-market-report.html .
Convincing governments to offer a generous incentive scheme to ease competitive pressure on alternate fuels, irrespective of the technology(Electric/Hybrid/Hydrogen), will be imperative for the market advancement of CNG and LPG vehicles in medium to long term. The CNG and LPG market is analyzed in terms of volume (thousand units) and value ($million) by vehicle types, fuel types, and by region and respective major countries. Another important factor fueling their growth is their high mileage which plays a pivotal role in recovering their higher initial cost in comparatively less time.
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CNG and LPG bi-fuel option is mostly used in passenger cars. Light Commercial Vehicle fleet ownershave shown eagerness to adopt these vehiclesaround the world even after the higher upfront costs and loss of luggage space,as they operate within the city limits at a low speed. These light commercial vehicles are unable to run in the cities at optimum speed.Hence, the incomplete combustion by these bigger engine releases huge amounts of carbon-monoxide into the air, apart from other harmful emissions.
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From an insight perspective, this research report focuses on various levels of analysis such as industry analysis (industry trends, value chain analysis,supply chain analysis, and Porter’s five forces model), market share analysis of top ten players, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the industry research, high-growth regions and countries and their respectiv edrivers, restraints, challenges, and opportunities. Priced at $4650 for a single user PDF, a discount on “CNG & LPG Vehicle Market by Vehicle Type (Passenger Cars & Light Commercial Vehicles), Fuel Type (CNG & LPG), and Geography (Asia-Pacific, Europe, Americas & ROW) - Industry Trends & Forecasts to 2019” research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=202170 .
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