LONDON--(BUSINESS WIRE)--Growing concern for the environment and desire for efficiency are driving demand for electric vehicles. While considerable progress has been made in consumer vehicles in this area, commercial vehicles have so far seen less innovation. However, this is beginning to change, and several companies are now developing hybrid-electric systems for heavy-duty vehicles.
Infiniti Research has observed that automakers are increasingly manufacturing energy-efficient vehicles and improving the design of smart cars. One area that automakers focus on when producing electric and hybrid vehicles is power- and drivetrain systems that comprise of components such as a clutch, transmission, propeller shaft, propeller shaft yoke, and rear axle.
In their latest study, Infiniti Research worked with a leading chemical engineering firm to assess the potential of the aluminum propeller shaft and aluminum propeller shaft yoke markets, developing strategies to fast track the company’s growth.
Volvo is currently testing a hybrid long-haul truck that is expected to produce 30% less CO2 than its normal counterparts and see fuel savings of 5%-10%. Long-haul trucks are a significant source of fuel consumption and emissions, so increasing efficiency to such an extent could have far-reaching effects on the environment, as well as reduce fuel costs. Volvo’s truck has a powertrain that is able to charge its batteries while going downhill or breaking. The company has also updated its driver support system to determine when it is best to use the diesel engine and when to use the electric motor.
In a similar vein, Consolidated Metco and Protean Electric are partnering to create their own hybrid-electric solutions for medium and heavy-duty commercial vehicles. They have developed an in-wheel electric drive system that will improve fuel efficiency, weight, and drivetrain optimization, as well as address other regulations and demands.
How Can Infiniti Research Help?
As companies begin to expand into new areas and look for ways to improve existing vehicles, new opportunities and needs arise. Market intelligence can help you find these opportunities and evaluate their potential, providing you background both on the market as a whole and on specific competitors and possible partners. Armed with this information, you can enter a new market with preparation and confidence.
Market solutions experts at Infiniti Research helped their latest client, a leading chemical engineering firm well-known for its high-quality products, gain a complete overview of the current market trends, size, challenges and growth opportunities. In addition, the client gained insights on key players operating in different levels of the supply chain – OEMs, Tier 1, Tier2, and Tier 3 players, gaining clear advantages from the engagement.
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About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.
With 13 years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.