Clean Transportation Industry to 2020 - Strict Regulatory Framework to Push New Technologies in Vehicles and Fuels into the Market
|出版日||ページ情報||英文 97 Pages
|環境に配慮した輸送の世界市場（〜2020年）：車両および燃料における新技術の市場投入を促進する厳格な規制枠組 Clean Transportation Industry to 2020 - Strict Regulatory Framework to Push New Technologies in Vehicles and Fuels into the Market|
|出版日: 2011年04月11日||ページ情報: 英文 97 Pages||
The importance of clean transportation has increased over the last few years
because of growing concern to reduce emissions from the transportation sector.
Clean transportation includes application of advanced batteries, hybrid
vehicles and biofuel which are replacing the conventional technologies and
becoming mainstream technologies. Hence the demand of these sectors is
expected to increase corresponding to their public acceptance and also due to
stringent government regulations which are framed to reduce the global
emissions. GBI Research' s report, “Clean Transportation Industry to
2020 - Strict Regulatory Framework to Push New Technologies in Vehicles and
Fuels into the Market" provides key information and analysis on the market
opportunities in the clean transportation sector. The report will provide the
latest information on the clean transportation market size with a detailed
assessment of the market forces and technologies influencing the clean
• Key market trend and issues in the clean transportation
• Annualized market revenue of the clean transportation market from 2005 to 2010, forecast forward for 10 years to 2020.
• Key regulations and policies.
• Market force analysis which includes key drivers, restraints and challenges in the clean transportation market.
• Regionwise (America, Europe, Asia pacific) market size of the clean transportation market
• Segment wise (Hybrid Vehicles, Advanced batteries and Biofuel) market size of the clean transportation market.
• Develop business strategies by understanding the trends and
developments that are driving the clean transportation market.
• Future market potential of the clean transportation - Identify, understand and capitalize.
• Develop key strategic initiatives by understanding key focus areas of clean transportation market.
• React to key trends and regulatory changes.
• Identify market opportunities and develop plans for clean transportation.
• Exploit growth opportunities in the clean transportation market.
GBI Research' s new report, “Clean Transportation Industry to 2020 -
Strict Regulatory Framework to Push New Technologies in Vehicles and Fuels
into the Market " provides key information and analysis on the market
opportunities in the clean transportation sector. The report provides the
latest information on the biofuel market, hybrid electric car market and HEV
batteries market with a detailed assessment of the various geographies and
legislations pertaining to the clean transportation sector.
This report is built using data and information sourced from proprietary
databases, primary and secondary research and in-house analysis by GBI
Research' s team of industry experts.
Environmental Benefits of Biofuel to Render Investments from Stakeholders
The capability of biofuel to reduce emissions and maintain a sustainable
environment is expected to increase its use in the global transportation
sector. This is also complemented by the global imperative to reduce green
house gases which makes biofuel an executable and attractive option. Ethanol,
when used in place of gasoline, results in net emission reductions of 75% and
net emission by 90% compared to diesel. The International Energy Agency (IEA),
anticipates that to reduce the global atmospheric carbon dioxide concentration
to 450 parts per million by 2050, 26% of total fuel use should be replaced by
The benefits of biofuel also appeal to major oil producers and automakers. BP, which is one of the major oil producers, is also lured by the advantages of biofuel. BP has developed interest in the biofuel market and last year the company invested $98m purchasing biofuel startup Verenium' s cellulosic ethanol business. BP is also involved in building the UK’s largest bioethanol plant which is part of a $400m joint venture with British Sugar and DuPont. BP recently announced that it will acquire majority control of the Brazilian ethanol and sugar producer Companhia Nacional de Açúcar e Álcool (CNAA). When CNAA’s assets are fully developed, it is expected to increase BP’s overall Brazilian production capacity to around 1.4 billion liters of ethanol equivalent per year. BP will pay $680m and acquire 83% of CNAA. BP will also use part of this amount to refinance all the long term debts of CNAA. The other companies in the line dedicated for the production of sustainable biofuel is oil major Royal Dutch Shell. Royal Dutch Shell had a joint venture with Cosan for producing 2.2 billion liters of ethanol per year and the capacity is expected to increase by 20% by 2016. The joint venture is named as Raízen and is a $12 billion project. GBI Research believes that these initiatives from the energy producers will drive other players in the market to include biofuel in their product portfolio. The figure below shows the benefits of biofuel in two different cases. Case 1 refers to a comparative scenario between gasoline and ethanol. Ethanol will have a 75% reduction in net emissions compared to the use of gasoline. Case 2 refers to a comparative scenario between diesel and ethanol. Ethanol will have a 90% reduction in net emissions compared to the use of diesel. The figure also shows the beneficial outcomes of the use of biofuel.
Global Transportation Biofuel Market, Benefits, 2010
Source: GBI Research
Long Term Government Intervention is Expected to Spur the Use of Biofuel
Long term government intervention is expected to spur the use of biofuel
across the globe. A variety of policy tools have been introduced by the
government, which reduce the risk and uncertainty for prospective investors.
Government involvement also ensures reliability in response to farmers’
concerns about energy input prices and output biofuel prices. The countries
rely on subsidies, tax credits and preferential taxes to ensure that producers
can be confident of surmounting the high cost of biofuel production. Trade
policy instruments, such as import restrictions, are used to promote the
emerging biofuel industry. The table below shows the biofuel mandates in the
Biofuel Mandates and Policies, APAC, 2009
Source: GBI Research
Automotive Sector is on the Brink of Experiencing a Major Transition to Hybrid
Technology due to Mounting Environmental Concerns and the need to Reduce the
Dependence on Foreign Oil
The automotive sector is on the brink of experiencing a major transition to
hybrid technology, which will substantially increase energy efficiency and
reduce the oil demand of the transportation sector. A confluence of factors
highlight the large market potential for hybrid electric cars: the risk of an
uncontrollable rise in oil-prices in the near or long term and increasing
climate concerns. Hybrid electric technology offers significant opportunities
to address each of these issues.
About two-third of the world’s oil reserves are controlled by the
Organization of the Petroleum Exporting Countries (OPEC) member countries and
most of the reserves are in the Middle-East. The world’s oil demand is
reliant on social or politically unstable regions for its oil supply: the
Middle East, Venezuela, and Africa. Therefore, the supply is vulnerable to
disruption. Oil has a significant influence on international trade, economics
and politics. Relying on foreign oil could have serious implications for a
country’s security and economic growth. Therefore, the governments in
oil importing countries have adopted a wide range of policies to reduce oil
dependency and attain energy security. This includes massive modernization of
the road transport fleets. Policy analysts have zeroed in on the importance of
the hybridization of vehicles.
The US imports around 57% of its oil and it fears that this dependence will
increase as it uses up its domestic resources. Oil price shocks and price
manipulation by OPEC have cost the US economy dearly — about $1.9
trillion from 2004 to 2008 — and each major shock was followed by a
recession. In 1989, the transportation sector petroleum consumption surpassed
US petroleum production for the first time, creating a gap that must be met
with imports of petroleum. By the year 2030, transportation petroleum
consumption is expected to grow to 18 million barrels per day; by that time,
the gap between US production and transportation consumption will be 7.5
million barrels per day.
Global climate change is the greatest environmental threat facing the world.
World energy demand grew at a staggering rate of more than 100% during the
period 1970-2008, reaching over 12,000 Mtoe (million tons of oil equivalent).
This increase in energy demand resulted in a dramatic increase in carbon
dioxide (CO2) emissions triggering global environmental change. Development
(OECD) member states to cut their CO2 emissions by an average of 5.2% by 2012.
Massive adoptions of fuel efficient and low-emission vehicles will help
decrease GHGs emissions helping high-carbon economies to attain these targets.
The increased use of ‘green’ technology in the automotive sector
could play a significant role in reducing GHGs and preventing further damage
to the atmosphere. The growing number of environmentally-conscious customers
is becoming a force in an attempt to limit greenhouse gas emissions.
The Global Hybrid Car Market is Expected to Reach $234.9 Billion in 2020
The hybrid electric car market, initially viewed as a loss making proposition
and snubbed by automakers, has been gaining critical mass of late. Hybrid
electric cars registered a significant growth in sales volume —
primarily in the US and Japan since their introduction in 1999. Japanese car
manufacturers had a monopoly on hybrid vehicles for almost a decade and now
are reaping the benefits of early entry into this market. The share of hybrid
electric cars in total car sales is expected to grow in established markets
such as Japan and Europe.
Regulatory pushes to accelerate the mass adoption of hybrid technology, the
need for energy security and reduction of foreign oil dependence, and the need
to mitigate the depletion of oil resources are identified as the key demand
determinants for the hybrid electric car market. Policy makers are pushing
hybrid car sales through tax reductions and mandated purchases. Promotional
schemes are aiding sales growth in many countries. Increased production of
hybrid electric cars will lead to the decline in production costs and purchase
prices. New models will be launched to cater to the growing demand and
Global hybrid electric car market revenue grew at a CAGR of 25.4% during
2005-2009 and is expected to reach $234.9 billion in 2020 growing at a
robust CAGR of 27.6 % during 2010-2020. In 2010, Asia Pacific was the
largest market for hybrid car in terms of both volume sales and revenue
The Global HEV Batteries Market is Expected to Reach $19.4 Billion In 2020:
Lithium-Ion Batteries will Displace a Large Share of Nickel-Metal Hydride
Batteries in the Hybrid Electric Market by 2020
The lithium-ion (Li-ion) battery market for hybrid electric vehicles is
rapidly emerging with massive potential. The rapid growth in the number of
electric vehicles will offer increased opportunities for Li-ion batteries in
the future. Although Li-ion batteries for hybrid electric vehicles are still
in an emerging phase, they are most likely to displace the Nickel-metal
Hydride (Ni-MH) share in future. Ni-MH batteries currently dominate the hybrid
electric car (HEV) battery market with a 97% revenue share. However, Ni-MH
battery technology has reached its maturity and the pace of technological
innovation in the market is much slower than for the Li-ion battery
technology. Li-ion battery technology, on the other hand, offers better
overall performance characteristics, high specific energy density, long cycle
life, no memory effect and is compact in both physical dimensions and weight
when compared to the Ni-MH battery.
The global HEV batteries market is expected to reach $6.4 billion in 2015 and $19.4 billion in 2020 at a CAGR 32.3% during the forecast period 2010-2020. Li-ion battery technology is expected to take a 60% share of the HEV battery market by 2020.