Transportation Industry. One of the Major Users of Renewable Fuels - IndustryARC


Posted July 2, 2015 by ChemicalsIARC

Renewable fuels have witnessed remarkable growth over the years owing to the technological advances, government policies and lower prices. Transportation Industry accounts to 21% of the total renewable fuel consumption.
 
In the simplest of terms, Renewable Fuels are the fuels produced from Renewable Resources. Example: biofuels, hydrogen fuel etc. These are a contrast to non-renewable fuels such as natural gas, LPG, Petroleum and other fossil fuels. Renewable fuels have gained in popularity due to their sustainability, low contributions to the carbon cycle and in some cases lower amounts of greenhouse gases.
Renewable fuels have witnessed remarkable growth over the years owing to the technological advances, government policies and lower prices. The market will continue to grow as these are expected to aid immensely in meeting the energy demand. China, United States, Germany, Spain and India are few countries which are forecast to exhibit fastest growth with increasing investments to tap various sources of renewable energy.

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A Brief Market Estimation:
Power sector accounts for major share in the renewable fuels market. Solar PV is the main source used in all the sectors followed by biomass energy. In these applications, wind and biomass sources are estimated to register highest growth with increased production. Transportation which accounts for 21% utilizes the biodiesel and ethanol fuels. The heating and cooling done is entirely by solar energy. The heating and cooling sector is estimated to witness highest growth owing to the escalated demand from domestic consumers and increased solar energy production. The solar energy capturing and consumption will grow the highest in between 2015 and 2020. China is estimated to witness fastest growth owing to increasing investment in renewable fuels. Renewable fuels market continues to spread in emerging markets, where fast-growing power demand and diversification needs provide strong deployment drivers.
Report Offerings:
This report contains an in-depth analysis of the Market segmentation based on multiple factors such as:
By Source: Geothermal resources, Biomass Energy, Hydropower, Ocean Energy, Solar PV, Wind Power and Others.
By End-Use Sector: Cooling and Heating Sector, Power Sector, Transportation Sector and Others.
By Geography: North America, APAC, Europe and RoW.

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Company Analysis: We provide you a research on the important companies in this market based on: Overview, Financials, SWOT Analysis, Developments and Product Portfolio.
Few key players are : Renewable Energy Group, Inc., Archer-Daniels-Midland company, Valero energy corporation, Geobio Energy, Inc. and many more.
Market Forces: Market Drivers, Market Constraints and Market Challenges.
Strategic Analysis: Value Chain Analysis, Pricing Analysis, Opportunities Analysis,Product/Market Life, Cycle Analysis and Suppliers and Distributors.

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Contact Email [email protected]
Issued By IndustryARC
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Country United States
Categories Business , Energy , Transportation
Tags industryarc , renewable energy , renewable fuels market , renewable fuels market report
Last Updated July 2, 2015