Industrial, Commercial Electric Vehicle Markets to Grow 420% by 2022 as Fossil Fuels Crisis Accelerates, According to New Market Research
FARMINGTON, Conn., April 18, 2012/PRNewswire-iReach/ -- Global Information Inc. is pleased to announce two significant new market research reports offering detailed forecasts for industrial and commercial electric vehicles, and the electric motor technologies markets for North America:
Industrial and Commercial Electric Vehicles 2012-2022
Industrial and commercial electric vehicles now represent 60% of the value of the electric vehicle market, according to a recent commercial vehicle market research report from IDTechEx Ltd. This sector of the commercial vehicles market is set to grow 420% in the coming decade, including heavy industrial vehicles and vehicles built for heavy lifting, such as forklifts. Buses, trucks, taxis and the other light industrial and commercial vehicles are also included in this forecast, and even work boats and other commercial watercraft.
This report covers the technical and market trends for industrial and commercial vehicles, both hybrid and pure electric, putting results in the context of electric vehicles overall and including the activities of a host of manufacturers of the vehicles and their components and even providing future technological development roadmaps.
The market for electric industrial vehicles is already large because, by law, forklifts have to be electric when used indoors. Little growth remains in the indoor vehicles market segment, but outdoors almost all earthmoving and lifting vehicles use the conventional internal combustion engine. According to IDTechEx's research, this will change dramatically as hybrid electric versions reduce cost of ownership and exposure to operational cost spikes tied to fossil fuel pricing. Hybrids increasingly perform better as well, with more power from stationary, ability to supply electricity to other equipment and other benefits including less noise and pollution. On the other hand, airports, often government owned or funded, are under great pressure to finish converting their Ground Support Equipment GSE to pure electric versions both on and off the tarmac partly using federal grants.
An Executive Summary for this report and a free sample of the full document are available at http://www.giiresearch.com/report/ix217811-industrial-commercial-electric-vehicles-2012-2022.html.
Strategic Analysis of Electric Motor Technologies for Electric and Hybrid Vehicles in North America
For those looking to dive deeper into the electric vehicles components market, Frost & Sullivan's new Electric Motor Technologies market research derives the market for electric traction motors for North America with a scope limited to electric and hybrid vehicles, and includes growth projections for coming years. A clear roadmap for electric traction motor technologies has been thoroughly detailed as vehicle manufactures have explored different types of motors for their vehicle line-up. This Frost & Sullivan study analyzes the internal 'make vs buy' strategy of multiple OEMs and current strategies adopted by key OEMs for manufacturing/sourcing motors. Motor product Portfolio analysis, market positioning analysis, technical competence within each application area are some of the unique selling points for this study, including detailed profiles of key vehicle manufacturers and suppliers.
An Executive Summary of this analysis and a free sample of the full report are available at http://www.giiresearch.com/report/fs235754-strategic-analysis-electric-motor-technologies.html
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Media Contact:Jeremy Palaia of Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
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SOURCE Global Information, Inc.
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