E-Fuel Market Market Size to Grow USD 464640 Million by 2030 at a CAGR of 22.5% | Valuates Reports

News provided by

Feb 23, 2024, 10:01 ET

BANGALORE, India, Feb. 23, 2024 /PRNewswire/ -- E-Fuel Market is Segmented by Type (E-Diesel, E/Synthetic Gasoline, Synthetic Ethanol), by Application (Road Traffic, Shipping, Aviation, Heating).

The global E-Fuel market was valued at USD 115000 Million in 2023 and is anticipated to reach USD 464640 Million by 2030, witnessing a CAGR of 22.5% during the forecast period 2024-2030.

Claim Your Free Sample Now: https://reports.valuates.com/request/sample/QYRE-Auto-7T9568/Global_E_Fuel_Market_Research_Report_2022

Major Factors Driving the Growth of E-Fuel Market

The pressing need to reduce greenhouse gas emissions in order to slow down climate change is what is essentially driving the expansion of the e-fuels sector. Industries are increasingly turning to E-fuels, which are made from renewable energy sources like biomass or captured carbon dioxide, to decarbonise their operations as governments across the world place tighter controls on carbon emissions. E-fuels are a feasible means to achieve energy security and environmental sustainability, and their growth is further fueled by government regulations that are supportive of the industry and the growing need for sustainable energy alternatives.

Unlock Insights: View Full Report Now! https://reports.valuates.com/market-reports/QYRE-Auto-7T9568/global-e-fuel

TRENDS INFLUENCING THE GROWTH OF E-FUEL MARKET:

Environmental laws designed to lower carbon emissions are a major factor propelling the demand for e-fuels. Globally, governments are enforcing strict regulations to tackle climate change, compelling industry to embrace more environmentally friendly fuel options. E-fuels provide a sustainable option since they drastically reduce greenhouse gas emissions when compared to conventional fossil fuels. They are produced from renewable sources like biomass or collected carbon dioxide. The importance of energy security is highlighted by the volatility of oil prices and the geopolitical conflicts in oil-producing countries. By diversifying energy sources, e-fuels help lessen reliance on finite fossil fuel stocks. To strengthen national energy security and ensure a dependable and robust energy supply chain, nations are spending more and more in the production of e-fuels.

Government incentives and policies are essential for promoting the market expansion for e-fuels. Infrastructure investments and R&D for E-fuels production are encouraged by subsidies, tax breaks, and regulatory frameworks that support the use of renewable fuels. The adoption of renewable energy is a goal for many governments, which is increasing demand for e-fuels.

Businesses are being encouraged by corporate sustainability programmes to switch to greener energy sources, such e-fuels. Businesses in a variety of industries are incorporating sustainability into their supply chains and operations, and they are setting aggressive goals for reducing their carbon footprint. Companies may attain their environmental objectives using e-fuels, which guarantee energy affordability and dependability.

Concerns about air quality and environmental issues are making consumers more conscious of the need for sustainable energy options, such as e-fuels. Customers are favoring goods and services with lower carbon footprints as they become more ecologically conscientious. E-fuels appeal to people who care about the environment since they provide a sustainable and renewable fuel substitute for traditional fuels.

Own It Today – Buy Now! https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-7T9568&lic=single-user

E-FUEL MARKET SHARE ANALYSIS:

Due to regional variations in the availability of renewable energy, technical infrastructure, regulatory frameworks, and market demand, there are notable regional variances in the production and usage of E-fuels. Infrastructure for producing e-fuels has seen significant investment in areas like Europe, where there is a major focus on lowering carbon emissions and switching to renewable energy sources. Nations like the Netherlands and Germany have started large-scale initiatives to use renewable energy sources like solar and wind power to manufacture synthetic fuels.

Purchase Regional Report: https://reports.valuates.com/market-reports/QYRE-Auto-7T9568/global-e-fuel/3

Key Players:

AUDI AG
Carbon Recycling International
Sunfire
Climeworks
Poet
ADM

Purchase Chapters: https://reports.valuates.com/market-reports/QYRE-Auto-7T9568/global-e-fuel/1

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

- Methanol Automotive Fuel market is projected to reach USD 39120 Million in 2029, increasing from USD 30900 Million in 2022, with a CAGR of 4.0% during the period of 2023 to 2029.

- Fuel Hoses market size is expected to reach USD 647.8 Million by 2029, growing at a CAGR of 5.2% from 2023 to 2029.

- Hydrogen Storage Cylinders for Fuel Cell Vehicles market is projected to reach USD 481.8 Million in 2029, increasing from USD 243 Million in 2022, with a CAGR of 10.2% during the period of 2023 to 2029.

- Biomass Briquette Fuel market was valued at USD 9348.7 Million in 2023 and is anticipated to reach USD 16230 Million by 2030, witnessing a CAGR of 8.1% during the forecast period 2024-2030.

- Fuel Cell Hydrogen Gas Injectors market is projected to reach USD 628.5 Million in 2029, increasing from USD 231 Million in 2022, with a CAGR of 15.7% during the period of 2023 to 2029.

- Fuel Filler Assembly market is projected to reach USD 587.3 Million in 2029, increasing from USD 536.4 Million in 2022, with a CAGR of 2.1% during the period of 2023 to 2029.

- The fossil fuel energy market was valued at USD 6.3 Trillion in 2021, and is estimated to reach USD 10.6 Trillion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.

- The e-drive for automotive market was valued at USD 9.6 Billion in 2021, and is estimated to reach USD 21.5 Billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031.

- The synthetic fuel market was valued at USD 3.9 Billion in 2021 and is estimated to reach USD 22.5 Billion by 2031, growing at a CAGR of 19.7% from 2022 to 2031.

- Renewable Synthetic Fuel Market

- Electric Scooter and Motorcycle market size is estimated to be worth USD 7885 Million in 2022 and is forecast to a readjusted size of USD 12170 Million by 2028 with a CAGR of 7.5% during the review period.

- Electric Bike Market

- Micromobility Market

DISCOVER OUR VISION: VISIT ABOUT US!

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

YOUR FEEDBACK MATTERS: REACH OUT TO US!

Valuates Reports

[email protected]

For U.S. Toll-Free Call 1-(315)-215-3225

WhatsApp: +91-9945648335

Website: https://reports.valuates.com

Blog: https://valuatestrends.blogspot.com/

Pinterest: https://in.pinterest.com/valuatesreports/

Twitter: https://twitter.com/valuatesreports

Facebook: https://www.facebook.com/valuatesreports/

https://www.facebook.com/valuateskorean

https://www.facebook.com/valuatesspanish