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Electro fuels also known as e-fuels are an emerging class of carbon-neutral fuel used as replacement fuels that are made by storing electrical energy from renewable sources. The extraction of hydrogen is required for the production of e-fuel. This is accomplished through an electrolysis cycle that separates water (for example seawater from desalination plants) into hydrogen and oxygen components. Furthermore, the hydrogen is combined with CO2 extracted from the air and converted into a fluid energy carrier (e-fuel) via the Fischer-Tropsch synthesis. The strategy is known as the power-to-fluid cycle because electricity is utilized for the production of e-fuels. Electricity is stored in the form of fluid so that is easy to store and simple to transport. Today, the ignition of petroleum derivatives meets more than 90% of the global transportation sector and its energy demand. While e-fuel arrangements can viably decarbonize metropolitan and medium distance transportation, existing heavy vehicles such as planes, vessels, and truck armadas continue to rely on petroleum fuel.
COVID-19 Impact Analysis
Top Impacting Factors
The development of the automobile industry, as well as the rise in demand for eco-friendly fuel due to urbanization and industrialization drive the market growth. According to the National Investment Promotion and Facilitation Agency, India is anticipated to be the third-largest traveler vehicle market by 2021 across the globe. Furthermore, automobile exports increased by 14.50%, in 2019, however, higher investment, improvement, transportation, inventory, and extractions are some of the significant market challenges. For instance, introducing pipelines for hydrogen transportation necessitates burrowing, hardware cost and arrangement. Moreover, a lack of awareness among individuals about the e-fills is expected to hamper the market development. Nonetheless, numerous privately owned businesses are undergoing developments, for example, Audi, Hyundai is developing vehicles that are controlled by e-energizes such as hydrogen, fuel, ethane, and others presenting and opportunity for the developing business sector.
Market Trends
Key Benefits of the Report
E-Fuel Market Report Highlights
Aspects | Details |
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By Fuel Type |
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By State |
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By Application |
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By Region |
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Key Market Players | Chevron, Shell, BP, Chargemaster/Ecotricity, Neste, Cenex, Total, E.ON, ExxonMobil, Eni |
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