Solar Fuel Market Forecast 2015 - 2023

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Solar Fuel Market - Global Industry Analysis, USD 4315.5

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2015 - 2023

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REPORT DESCRIPTION

The increase in demand for power and energy has been phenomenal during the last decade. It is expected

to continue to rise enormously during the next decade. Power and energy demand is on the rise due to

rising population, industrialization and modernization across the globe. Majority of the power demand is

supplied by utilizing fossil fuels such as coal, oil & gas. These are non-renewable energy sources and will

get depleted sooner or later. Renewable energy is the need of the hour to guarantee sustainable energy

supply. Solar energy is the most abundant source of renewable energy. Solar fuel is the perfect way to

provide unlimited and sustainable energy and power across the globe.Solar fuel is produced from sunlight

through artificial photosynthesis or a thermochemical reaction. Sunlight is the fuel source, which converts

solar energy into chemical energy consisting of hydrogen, oxygen, carbon dioxide or methanol. Solar fuel

can be stored and used later as per the requirements. The major solar fuels are hydrogen and products of

carbon dioxide reduction.

Browse Solar Fuel Market Report with Full TOC at http://www.transparencymarketresearch.com/solarfuel-market.html

The market for solar fuel is still at a nascent stage. Hydrogen fuel produced through solar energy has some

applications in aerospace & aircraft industry and automobile industry. Europe and North America have

been the main markets for solar...