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E-fuels Market worth $49.4 billion by 2030 - Exclusive Report by MarketsandMarkets™
Based on fuel type, the e-fuels market has been split into e-methane, e-methanol, e-ammonia, e-kerosene, e-diesel, and e-gasoline. E-ammonia is expected to grow at the highest CAGR during the forecasted period. The increasing global demand for E-ammonia can serve as an energy carrier, facilitating the transport and storage of renewable energy, which is crucial for stabilizing the grid and ensuring a consistent energy supply.
This report segments the e-fuels market based on state into two segments: gas and liquid. The liquid segment is expected to be the largest and the fastest segment during the forecast period owing to its high wide range of applications, including transportation, aviation, shipping, and industrial processes, making them a versatile solution for decreasing carbon emissions in a variety of industries. Because liquid e-fuels are compatible with current combustion engines, fuel distribution systems, and storage infrastructure, they are a practical and versatile solution for a wide range of applications.
Europe is expected to be the largest e-fuels market during the forecast period. The Europe region comprises major economies such as Germany , Norway , UK, Denmark , Sweden , and Rest of Europe . Rest of Europe primarily includes Italy , France , and Poland . This is due to a variety of factors, including the region's growing population, more urbanisation, and increased energy demand. As a result of these causes, carbon emissions have increased significantly, posing a serious environmental problem to the region. European governments are increasingly supportive of e-fuels as a means of reducing carbon emissions and improving air quality. E-fuels are made from renewable energy sources including solar and wind power and can be used to power vehicles, generate electricity, and heat homes and businesses.
Some of the major players in the e-fuels market are including Saudi Arabian Oil Co. ( Saudi Arabia ); Audi AG ( Germany ); Siemens Energy (Gemany); Chart Industries (US); Sunfire Gmbh ( Germany ); Mitsubishi Corporation ( Japan ); Repsol ( Spain ); and Norsk E-Fuel ( Norway ). The major strategies adopted by these players include contracts, agreements, partnership, collaborations, and expansions.
by Feedstock (Starch based, Sugar based, Cellulose-based), Fuel blend (E5, E10, E15 to E70, E75& E85), End-use (transportation, pharmaceutical, cosmetic, alcoholic beverages), Generation and Region Global Forecast to 2028
by Fuel Type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel, Gas to Liquid), Biofuel Manufacturing Technology (FT-SPK, HEFA-SPK, ATJ-SPK, HFS-SIP, CHJ), Biofuel Blending Capacity, Platform, Region (2021-2030)
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