eLearningClasses.com

Transportation Fuel Market 2019 Global Industry Share, Size, Analysis, Key Growth Drivers Trends, Segments, Emerging Technologies, Opportunity and Forecast 2019 to 2026 | Fortune Business Insights

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Growing transportation services are aiding the expansion of the Global Transportation Fuel Market. This information was shared by Fortune Business Insights in a report, titled “Transportation Fuel Market Size, Share and Global Trend By Fuel (Gasoline, Diesel, Biofuels, and others), By End-User (Roadways, Airways, Railways, Waterways), and Geography Forecast till 2026.” Transportation fuels are extensively used in different vehicles to generate energy. Some of the transportation fuels include diesel, gasoline, aviation turbine fuel, and biofuel. The global market is expected to grow with the rapidly increasing international trade.

Browse Complete Reporthttps://www.fortunebusinessinsights.com/industry-reports/transportation-fuel-market-100451

Asia Pacific Sees Maximum Growth Among Other Regions

The Asia Pacific is anticipated to expand at a higher rate in the global transportation fuel market during the forecast years. The market registers the maximum growth in the Asia Pacific owing to the rising population. This is further expected to fuel the demand for transportation fuels and will continue to increase in the forthcoming years. The number of vehicles in countries such as India, Indonesia, and China is increasing, primarily on account of rising per capita income among end-users. This is expected to enable growth in the transportation fuel market in Asia Pacific.

The growing aircraft traffic in countries such as France, Germany, the U.K., and the U.S. is expected to augment the demand for aviation fuel during the forecast period. Consequently, the transportation fuel market in North America and Europe is anticipated to rise between 2018 and 2026. Apart from these regions, the market is likely to grow in the Middle East and Africa owing to its improving economic rate.

Shift Towards Eco-friendly and Bio-based Fuels Spurs Growth of the Market

The rapid growth in industrialization and the increasing sales of passenger cars are likely to stimulate growth in the transportation fuel market. The majority of the vehicles are highly dependent on crude oils which include gasoline, fuel oil, diesel among others. “The growing carbon emissions from such vehicles is compelling organizations and governments to develop bio-based, clean and eco-friendly transportation fuels,” stated a lead analyst at Fortune Business Insights. Moreover, governments are planning to promote some of the low emission fuels which include hydrogen, electricity, natural gas, and biodiesel. Furthermore, the demand for the above-mentioned fuels is expected to increase across the world over the projected horizon. This, as a result, is anticipated to contribute to the growth of the transportation fuel market.

Rising disposable income among the population is resulting in an increasing number of vehicles. This is another factor driving the market and thus increasing transportation fuel consumption. Furthermore, the improved transportation infrastructure in developed and some developing countries act as a potential growth enabler in the market.

However, certain environmental issues associated with transportation fuel are likely to hamper the growth of the market. In addition to this, emission control norms have become strict in developed and developing nations, which can impede the growth of the market. Also, the population caused by transportation fuels is expected to restrict the growth in the next few years.

Sample PDF Brochurehttps://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/transportation-fuel-market-100451

Top Players

  • Total
  • Hindustan Petroleum Corporation Limited
  • PETRONAS
  • Bharat Petroleum Corporation Limited
  • Allied Aviation Services
  • Royal Dutch Shell
  • Gazprom
  • Centrica
  • Valero Marketing and Supply Company
  • Siyanda Oil Holdings (Pty) Ltd.
  • Rosneft Sinopec Group
  • Exxon Mobil Corporation
  • BP plc Chevron Corporation

Market Advances with a Multi-billion Euro Deal Between BASF and DEA

Georgia Power is planning to collaborate with Georgia Tech in March 2019. This collaboration is aimed at building a new 1.4 MW microgrid in Metro Atlanta. Some of the other companies functioning in the global microgrid market include ABB, Encorp, Schneider Electric, Schweitzer Engineering Laboratories, SandC Electric, Siemens, PowerSecure, Power One Solutions, Spirae, Emerson Automation Solutions, Honeywell, CleanSpark, Exelon Corporation, and Power Analytics. Companies are focusing on adopting new technologies for the development of scalable and flexible microgrids. For instance, ABB Ltd. has plans to adopt a new microgrid enabled with battery storage in January 2019. The company signed an agreement with IIT Roorkee in July 2018 to develop a smart campus for IIT Roorkee.

View Related Reports

Rugged Tablet Market 2019 Size, Trends, Development Status, Opportunities, Future Plans, Competitive Landscape and Growth by Forecast 2026

Stadium Security Market 2019: Sales Revenue, Key Players Analysis, Development Status, Opportunity Assessment and Industry Expansion Strategies 2026

Construction Equipment Market 2019 Share, Growth, Size, Opportunities, Trends, Leading Company Analysis, And Key Country Forecast To 2026