Market Research Report
Global Alternative Fuels Market 2018-2022
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||504426|
|Published||Content info||110 Pages
Delivery time: 1-2 business days
|Global Alternative Fuels Market 2018-2022|
|Published: November 22, 2018||Content info: 110 Pages||
The transportation sector has been one of them major sources of air pollution globally. The combustion of fossil fuels releases emission such as carbon dioxide which is one of the major contributor of GHG emissions. As GHG's have a negative effect on ecosystem and therefore, the government across globe have decided to decarbonize the transportation sector. This transition to non- pollution energy sources has led to the emergence of alternative fuel sources. The need to reduce the carbon footprint in the transportation sector which is one of the largest sectors for GHG emission has led to the use of natural gas as an alternative fuel to run automobiles. The alternative fuels market will witness an incremental growth nearly 74 billion during 2018-2022.
The negative effects and to reduce the damage to the environment require the development of environment- friendly methods of energy production and the increased adoption of renewables sources of energy.
The fluctuations in the global crude oil prices will affect the rate of adoption of alternative fuels, as the cost of the conventional fuels is lower than the alternative fuels. The prices effect in the oil and gas industry has led to an reduction in E&P activities worldwide and also impacted the mainstream and downstream segments.
For the detailed list of factors that will drive and challenge the growth of the alternative fuels market during the 2018-2022, view our report.
The alternative fuels market is concentrated with a few international companies. The market is currently in its growth phase and expected to continue being concentrated by 2022. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.'