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The global eFule Market was valued at USD 385 Million in 2018 and expected to grow at a CAGR 22% during the forecasted period. Conservation of non-renewable resources is a major concern nowadays. To meet the increasing energy demand with least damage to the environment the government and researchers are looking for alternatives like E-Fuels. E-fuel is being produced by using carbon dioxide (CO2) instead of fossils buried beneath the earth surface, this ensures that there is no addition of CO2 in the atmosphere. The growth influencers for efuel market are increasing demand for automobiles, scarcity of conventional sources & the growing scope of renewable energy. There are subsidies and incentives offered by the government which can boost the demand of this market.
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Orion Market Research Global E-Fuel Market: Industry Growth, Size, Share and Forecast 2019-2025 Request a free sample of our report on Global E-Fuel Market- Industry Size, Global Trends, Competitive Analysis and Forecast, 2018-2023 https://www.omrglobal.com/request-sample/efuel- market ------------------------------------------------------------------------------------ Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 7803040404
The global e-fuel is projected to grow at a CAGR of 22.0% during the forecast period (2018-2023). With continuously worsening environmental concerns, the demand for renewable and clean energy has increased multifold. Particularly in the developed economies, investments have grown substantially in order to adopt renewable energy in the place of conventional energy sources. For instance, WHEEL (the Warehouse for Energy Efficiency Loans) and private & public companies are working on clean energy sources. Such initiatives by governments as well as private and public market players in the e-fuel industry are contributing to the substantial growth in the clean energy sources. A full report description of "E-Fuel Market- Industry Size, Global Trends, Competitive Analysis and Forecast, 2018-2023" at https://www.omrglobal.com/industry-reports/efuel-market As the number of alternative-fuel station increases, the consumption of these fuels would also increase as compared to conventional fuels such as diesel, gasoline and other carbon emitting gases. The energy dynamics of the world is shifting towards renewable and clean energy due to growing adverse effects of pollution and worsening the environmental conditions. Emerging economies such as China, India, Brazil, Russia and others are optimistically moving forward towards renewable energy. Considering the replacement of such conventional fuels, these countries are switching towards clean and renewable energy sources, which in turn, is expected to propel the growth of the global e-fuel market during the forecast period. To learn more about this report request a free sample copy @ https://www.omrglobal.com/request- sample/efuel-market A decent number of renewable energy deployment recorded even in low oil and gas prices market. The major factors for the renewable energy demand over conventional energy sources are its falling costs for renewable energy technologies, and a host of social, economic and environmental drivers. A record of $286 billion invested in renewables in 2015 which is considered as a strong signal to investors and policymakers to shift their attention towards this new power generation technology. The major growth came from new installations of wind and solar energy and increased overall capacity by around one- third in the last 5 years. As a result, several alternatives to liquid fossil fuels have been explored including gaseous fuels, biofuel, synthetic fuels and e-fuels. Hydropower contributed 71% of all renewable electricity in the year 2015. While, the undeveloped potential was calculated approximately 10,000 TWh/y globally. Moreover, more than 30% increase in the global hydropower capacity between 2007 and 2015 making it to a total of 1209 GW in 2015, out of which 145 GW is pumped storage. As hydropower is one of the crucial components for e-fuels, significant growth of e-fuel is expected in the upcoming years. Moreover, industry has seen a demand of cleaner energy fuels due to their benefits such as decrease in local air pollution and greenhouse gas emissions; thus, improving the quality of life for citizens. This, in turn, will contribute to the growth of the global e-fuel market.
Visit here to know more about Global E-fuel Market Global E-fuel Market – Segment By Fuel Type •E-diesel •Synthetic Gasoline •Synthetic Ethanol •Hydrogen By Application •Portable •Stationary •Transportation By State of Fuel •Liquid Fuel •Gas Fuel Global E-fuel Market – Regional •North America •US •Canada Europe •Germany •UK •France •Spain •Italy •Rest of Europe
Asia-Pacific •China •Japan •India •Rest of Asia-Pacific Rest of the World •Middle East & Africa •Latin America About Orion Market Research Orion Market Research (OMR) is an Indian market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. AnuragTiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 780-304-0404 Source: Global E-fuel Market
