A report published by the World Health Organization says that on an average 4 million premature deaths occurs due to exposure of smoke. This is an alarming data for those using conventional fuel, intensifying the need for clean fuel.
Clean fuels are fuels that do not leave any harmful component behind when burnt. Due to this, clean fuels do not pose any threat on environment in general and humans in particular. Increasing awareness among consumers regarding air pollution, coupled with adoption of methods to curb air pollutions is expected to drive the global clean fuel technology market.
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Some of the other factors expected to boost clean fuel technology market are mentioned as below:
- The demand for clean fuel technology could be bolstered by the integrated development of coal-based fuels and optimum consumption of coal and associated fuels. This could not only conserve one of the major energy sources but also help in pollution control and energy security.
- Furthermore, the optimization of natural resources could become a strong catalyst for the growth of the clean fuel technology market. However, the demand for clean fuel technology is forecast to be hampered by extortionate cost of operation. Nevertheless, there could be some promising opportunities birthing on the back of hefty investments directed toward clean renewable energy technology. `
- Development and advancement agreements in the clean fuel technology industry could increase more in numbers in the near future. Consequently, venture capital investment transactions pertaining to clean fuel technology are expected to surge until the end of the forecast period.
- There is a need for governments and businesses to help develop bigger and sustainable markets that provide clean cooking fuels, such as liquid petroleum gas (LPG), ethanol and clean burning wood pellets, as well as clean technologies such as improved cooking stoves.
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