Press release
Sustainable Aviation Fuel market provides an in-depth insight of Sales and Trends Forecast to 2031 | Neste, World Fuel Services, Royal Dutch Shell, ExxonMobil, Chevron, Aemetis Inc., Avfuel Corporation
Sustainable Aviation Fuel market
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Aircraft micro turbine engines are miniaturized gas turbines. They typically have a turbine wheel diameter of less than 3 inches (76 mm). Micro turbines can be used for power generation, vehicle propulsion, or as auxiliary power units.Aircraft micro turbines typically have power outputs ranging from 30 to 500 kilowatts (kW). Some micro turbines are capable of reaching power outputs of up to 1,000 kW.
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Top Key Players in Sustainable Aviation Fuel market: Neste, World Fuel Services, Royal Dutch Shell, ExxonMobil, Chevron, Aemetis Inc., Avfuel Corporation,
Key Trends
Key trends in sustainable aviation fuel technology are:Increasing the use of biofuels: Biofuels are an increasingly important part of the aviation industry's efforts to reduce its carbon footprint. In 2018, the use of biofuels in aviation grew by 27% compared to the previous year, and they are expected to continue to grow in popularity in the coming years. There are two main types of biofuels used in aviation: biojet fuel and bioethanol.
Key Drivers
The key drivers of the sustainable aviation fuel market include the increasing demand for fuel-efficient aircraft, the rising cost of crude oil, and the stringent emission regulations. The demand for fuel-efficient aircraft is driven by the need to reduce fuel costs and emissions. The rising cost of crude oil is another major factor driving the market for sustainable aviation fuel. The stringent emission regulations are also a key driver of the market. These regulations are forcing airlines to use more fuel-efficient aircraft and to switch to cleaner fuels.
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Market Segments
By Fuel Type
Biofuel
Hydrogen Fuel
Power to Liquid Fuel
By Aircraft Type
Fixed Wings
Rotorcraft
Others
Reasons to buy Sustainable Aviation Fuel Report:
Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
Develop business and M&A strategies through understanding of latest trends and emerging players in the market
Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
How is the market structured and what the key drivers and trends of this industry?
How is the market segmented and what is the size of each segment?
Which segments and geographies provide best growth opportunities?
What's the competitive landscape and positioning of players in this market?
What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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