Electric Commercial Vehicle Market Competitive Landscape, Share, Size, Trends, Outlook and Forecast by 2019-2027

Growing demand for emission control systems and the establishment of green power generation for Electric Vehicle Batteries are driving the demand for the market.

The global Electric Commercial Vehicle Market is forecasted to be worth USD 339.78 Billion by 2027, according to a current analysis by Emergen Research. The current developments in the technology of electric vehicles have provided an opportunity for its growth to revolutionize the commercial transportation sector. The electric commercial vehicles are projected to approach cost-competitiveness with conventional vehicles, owing to the reduction in battery costs and increased production volumes during the forecast years.

Electric commercial vehicles may be beneficial in reducing the carbon footprints on the environment as they produce fewer emissions that are accountable for climate change and smog as compared to conventional vehicles. Presently, on the basis of the worldwide average carbon intensity of power generation, wheel-to-wheel emissions from an average electric commercial vehicle are lower as compared to an average ICE vehicle running on liquid/gaseous fuel blends.

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In Electric Commercial Vehicle market segmentation by manufacturer, the report targets the following companies:

The Global Electric Commercial Vehicle Market report is furnished with key market statistics organized in the form of charts, graphs, tables, diagrams, figures, and other pictorial representations. The report offers an exhaustive analysis of the key market aspects like market size, volume, share, current and emerging trends, production and consumption rate, and other key elements that offer an idea about the prospective expansion of the Electric Commercial Vehicle industry.

Key participants include Yutong, BYD, VDL Groep, Proterra, AB Volvo, NFI Group, Daimler AG, King Long, Ebusco B.V., and Ankai, among others.

There is a growing demand for Electric Vehicle Battery systems and emission control systems due to the growing concern regarding the increasing pollution levels and the adverse effects of climate change. Hybrid systems of standard motors and Electric Vehicle Batteries are used by most hybrid vehicles.

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The study offers both quantitative and qualitative analysis of the global Electric Commercial Vehicle market. The data is garnered through stringent primary and secondary research and further validated and verified through industry veterans and experts. The Electric Commercial Vehicle industry report begins with basic information about the market, such as definitions, applications, classifications, value chain analysis, among others, to facilitate a better understanding among the readers.

Regional Analysis By Emergen Research:

North America accounted for a significant market share of the Electric Commercial Vehicle Market in 2019. The Electric Commercial Vehicle market is projected to see substantial growth owing to its huge implementation in various areas verticals, especially in the North American region.

The global Electric Commercial Vehicle market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

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For the purpose of this report, Emergen Research has segmented into the global Electric Commercial Vehicle Market on the basis of component, propulsion type, vehicle type, battery type, range, end-user, and region:

• Component Outlook (Revenue, USD Billion; 2017-2027)
  • Electric Motor
  • Electric Vehicle Battery
  • Hydrogen Fuel Cell
• Propulsion Type Outlook (Revenue, USD Billion; 2017-2027)
  • BEV
  • PHEV
  • FCEV
• Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
  • Electric Bus
  • Electric Truck (Medium and Heavy Duty Trucks)
  • Electric Pick-up Truck
  • Electric Van
• Battery Type Outlook (Revenue, USD Billion; 2017-2027)
  • Lithium-iron-phosphate (LFP)
  • Lithium-nickel-manganese-cobalt oxide (NMC)
  • Others

Significant Features of the Electric Commercial Vehicle Market Report:

• Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players
• Assessment of the existing and emerging trends of the business sphere
• Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years
• Significant breakdown of the market to assess the factors that might influence the global market growth

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