eFuel Market - Industry Size, Global Trends, Competitive Analysis and Forecast 2019-2025

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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The prominent players in global E-Fuel Technology are Audi, AMEC, Clean Fuel Development Coalition, Clean fuel USA, CFT Global LLC, Inferatec GmbH, Carbon Recycling International, Sunfire, Climeworks, Poet, ADM.

High initial investment is one of the major restraining factors for the growth of E-fuel technology. The E fuel production is a multistage process which involves extraction of CO2 and Electrolysis. Execution of these processes requires large manufacturing setup, incurs a high cost. Also, lack of infrastructure for refueling is a major constraint for this market. Major opportunities in the E fuel technology market is increasing investment by government, development of cost-effective fuel technology.

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Geographically market is divided into North America, Europe, Asia Pacific and Rest of the World. Europe region is growing with a significant growth and may dominate the overall global E-Fuel Technology market. Germany, Spain, France, Italy and UK are the key economies in the Europe region. This increasing demand personal and commercial vehicle in APAC region expected to boost the eFuel technologies. The growing population and demand of alternate energy source are driving the market in the region.

Market segmentation

Global e-fuel technology market, by fuel type

o E diesel
o E gasoline
o Ethanol
Hydrogen

Global e-fuel technology market, by application

o Portable
o Stationary
o Transportation

Global e-fuel technology market, by state of fuel

o Liquid fuel
o Gas fuel

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