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
- Automotive industry, which is the primary end- user of the e-fuels, has been severely affected due to the nationwide lockdowns. This restricts the growth prospects for the e-fuel market.
- The lockdown situation has caused the shutdown of various e-fuel manufacturing units, resulting in a drop in sales as well as a disruption in the supply chain.
- , The travel and tourism industry were temporarily halted during the pandemic, resulting in a decrease in e-fuel consumption, which in turn severely affected the e-fuel market.
- The e-fuel market is anticipated to experience a drop, as the demand of e-fuel in the aviation industry is reduced due to the pandemic.
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
- SereneU the 4th generation of SerEnergy’s fuel cell was the product upgrade by AMEC in April 2021, with features such as a long lifetime, less service, and maintenance.
- , Daimler Truck AG and Volvo Group announced a new joint venture cell-centric in April 2021, which is expected to increase the use of hydrogen-based fuel cells.
- , Evergreen will acquire CarbonLite’s PET Recycling facility in June 2021, increasing the production capacity and assisting with expansion.
- Sunfire announced its acquisition of Swiss alkaline electrolysis firm IHT (Industrie Haute Technology SA) in January 2021, expanding its electrolysis process portfolio.
- , Climeworks acquired the DAC technology developer Antecy in September 2019 based in Netherland.
- hexagon Composites ASA acquired Agility Fuel Solutions in Nov 2018 to drive the global energy transformation by promoting the natural gas, biogas, hydrogen, propane, and electrification which became the market trend for the forecasted period.
Key Benefits of the Report
- This study presents the analytical depiction of the e-fuel industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the e-fuel market share.
- The current market is quantitatively analyzed to highlight the growth scenario of the e-fuel market.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed e-fuel market analysis based on competitive intensity and the competition that will take shape in coming years
E-Fuel Market Report Highlights
| Aspects | Details |
 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 | Eni, BP, Shell, ExxonMobil, Chargemaster/Ecotricity, Cenex, Neste, Total, Chevron, E.ON |
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