Global Decarbonised Fuel Market is valued at approximately USD 8.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.2% over the forecast period 2023-2030. Decarbonized fuels refer to energy sources that have a significantly reduced carbon footprint compared to traditional fossil fuels. The term "decarbonization" refers to the process of reducing or eliminating carbon dioxide (CO2) emissions from energy production and consumption. The Decarbonised Fuel market is expanding because of factors such as surge in demand for sustainable and low-carbon energy solutions and government policies for limiting carbon emissions and Incentives.

Governments all over the world are implementing a variety of measures, such as national climate change plans, national sustainable development strategies, and national green growth strategies, to reduce carbon emissions in order to maintain their sustainable goals, which are boosting market growth.. For instance, the Chinese government, which has the second-largest economy in the world, strives towards environmental sustainability through a number of regulations and projects. On September 22, 2020, Chinese President Xi Jinping declared that China would enhance its Intended Nationally Determined Contributions by enacting more forceful policies and efforts during the General Debate of the United Nations General Assembly’s 75th session. It also aims to become carbon neutral by 2060, with the peak of CO2 emissions occurring in 2030. In addition to these, the German government established further targets in July 2021 to cut carbon emissions and attain greenhouse gas neutrality by 2045. The country wants to cut its carbon emissions by 65% by 2030 and 88% by 2040 when compared to 1990. In addition, the development of infrastructure, smart cities, and means of transport, rising technological advancements are creating lucrative opportunities for the market.

The key regions considered for the Global Decarbonised Fuel Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the government initiatives to reduce greenhouse gas emissions, adoption of sustainable energy systems, and investment in renewable energy fuels in the region. Furthermore, Asia Pacific is expected to grow at a significant rate owing to rising government support for the adoption of renewable fuels, rising adoption of green energy sources, and government goals for reducing carbon emissions.

Major market players included in this report are:
L’Air Liquide S.A.
Plug Power Inc.
Shell Plc.
Neste Corporation
TotalEnergies SE
Iberdrola S.A.
Siemens Energy
BP p.l.c.
Linde plc
Exxon Mobil Corporation

Recent Developments in the Market:
? In November 2022, CATAGEN announced the launch of five net zero prototypes which enable the production of green hydrogen and e-fuels that could help the industry significantly reduce carbon emissions.

Global Decarbonised Fuel Market Report Scope:
? Historical Data – 2020 - 2021
? Base Year for Estimation – 2022
? Forecast period - 2023-2030
? Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
? Segments Covered – Type, Form, End-Use, Region
? Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
? Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Organic-Based
Green Hydrogen and Derivatives
Others

By Form:
Liquid
Gaseous

By End-Use:
Transportation
Power Generation
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa