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E-fuels Market worth $49.4 Billion by 2030 - NEWSnet

Posted By KPriyanka 50 days ago on News -

The global E-fuels Market is expected to reach USD 49.4 billion by 2030 from USD 6.2 billion in 2023 at a CAGR of 34.5% according to a new report by MarketsandMarkets™. The potential for e-fuels to address carbon emissions and energy storage concerns is driving up demand for them. E-fuels, which are synthetic fuels made from renewable energy, provide a way to decarbonize sectors that rely significantly on liquid fuels, such as transportation and aviation. They can store extra renewable energy and provide a carbon-neutral option for difficult-to-electrify applications like heavy-duty trucks, shipping, and industrial processes. Because of their versatility, e-fuels are an essential component of efforts to cut greenhouse gas emissions and move to more sustainable energy solutions, fueling their rising demand in sectors aiming for carbon neutrality and energy security.

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