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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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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Global e-fuel market segmentation
By fuel type
E diesel
E gasoline
Ethanol
Hydrogen
By application
Portable
Stationary
Transportation
By state of fuel
Liquid fuel
Gas fuel
Competitive landscape
Key strategies
Key company analysis
Regional analysis
North american
United states
Canada
Europe
Uk
Germany
Spain
France
Italy
Rest of europe
Apac
India
China
Japan
Rest of apac
Rest of the world
Company profiles
Audi
Toyota
Honda
Clean fuel usa
Cft global llc
Ineratec gmbh
Energiedienst holding ag
Carbon recycling international
Sunfire
Climeworks
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