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Industrial E-Fuel Market Trends

Report ID: GMI10437
Published Date: Jul 2024
Report Format: PDF

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Industrial E-Fuel Market Trends

Advances in electrolysis and carbon capture technologies are making the production of E-Fuels more efficient and cost-effective. Innovations in catalysts, energy storage, and conversion processes are critical in scaling up production and reducing costs, thus driving market expansion. In addition, the automotive industry is undergoing a transformation towards sustainable mobility. E-Fuels can be used in existing internal combustion engines with minimal modifications, providing a transitional solution while electric vehicle infrastructure and technology continue to develop.

Heavy industries, such as steel and cement production are significant emitters of CO2 where e-fuel can be used as a feedstock or energy source in these sectors, helping to lower their carbon emissions and driving market demand.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of industrial E-fuel market was reached USD 1.3 billion in 2023 and is projected to grow at 32.3% CAGR through 2032, driven by increasing decarbonizing goals along with government incentives & policies towards sustainability.

The Fisher-Tropsch technology in the industrial E- fuel market is estimated to grow at over 32% CAGR through 2032, due to their ability to significantly reduce carbon emissions.

Europe e-fuel market is projected to cross USD 9.5 billion by 2032, owing to the growing consumer awareness of environmental issues.

Archer Daniels Midland Co., Arcadia eFuels, Ballard Power Systems, Inc., Climeworks AG, Clean Fuels Alliance America, Ceres Power Holding Plc, ExxonMobil, Electrochaea GmbH, eFuel Pacific Limited, and FuelCell Energy, Inc.