E-fuels Market worth $49.4 billion by 2030 - Exclusive Report by MarketsandMarkets™

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Europe is expected to be the largest region in the e-fuels market.

Europe is expected to be the largest e-fuels market during the forecast period. The Europe region comprises major economies such as Germany, Norway, UK, Denmark, Sweden, and Rest of Europe. Rest of Europe primarily includes Italy, France, and Poland. This is due to a variety of factors, including the region's growing population, more urbanisation, and increased energy demand. As a result of these causes, carbon emissions have increased significantly, posing a serious environmental problem to the region. European governments are increasingly supportive of e-fuels as a means of reducing carbon emissions and improving air quality. E-fuels are made from renewable energy sources including solar and wind power and can be used to power vehicles, generate electricity, and heat homes and businesses.

Key Market Players:

Some of the major players in the e-fuels market are including Saudi Arabian Oil Co. (Saudi Arabia); Audi AG (Germany); Siemens Energy (Gemany); Chart Industries (US); Sunfire Gmbh (Germany); Mitsubishi Corporation (Japan); Repsol (Spain); and Norsk E-Fuel (Norway). The major strategies adopted by these players include contracts, agreements, partnership, collaborations, and expansions.

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Recent Developments

In September 2023, Saudi Arabian Oil Co. and Stellantis have collaborated to check the compatibility of e-fuels with the European engine facilities. The companies have been working together using surrogate eFuels for the testing, according to existing fuel standards, as part of their pursuit of lower-carbon energy solutions. With this collaboration Aramco will be utilising its e-fuel production in vehicles.In March 2023, Uniper joins forces with the Swedish firm Liquid Wind, which is developing electro-fuel based on hydrogen to enable carbon-neutral shipping. Uniper will be the company's second largest investor, and it is now establishing its first eMethanol production facility in rnsköldsvik, on Sweden's north east coast.In May 2023, Siemens Energy, a global energy technology leader, had partnered with Liquid Wind to produce eFuel, reducing shipping emissions. Siemens Energy provides equity investment, technology, and expertise for eMethanol facility development.In April 2022, Mitsubishi Heavy Industries (MHI) had entered into a Memorandum of Understanding with Infinium, a pioneer in Electrofuels based in California. This agreement, an extension of MHI's prior investment in Infinium in 2021, is primarily centred around investigating the potential introduction of Infinium's exclusive Electrofuels technology into the Japanese market.

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