Third Generation Energy Sources Market

Global Third Generation Energy Sources Market

Recent developments witnessed in the power generation industry have enabled harnessing energy from sources such as fuel cells, hydrogen, from gas to liquids, and algae fuel. The energy derived from the aforementioned third generation energy sources offers better efficiency and helps in curbing carbon emissions. The industry for third generation energy sources is thus looking at a thriving future as governments across several nations encourage the use of energy from alternative sources.

For the purpose of the study, the global third generation energy sources market is segmented into fuel cells, hydrogen, gas to liquids, and algae fuel based on type. Regionally, the global market for third generation energy sources is spread across Asia Pacific, North America, Europe, and Rest of the World.

The report presents an in-depth assessment of the various factors influencing the market’s trajectory between 2012 and 2018. The major regional segments exhibiting lucrative opportunities for the market are assessed based on the prevailing demand and supply trends and government policies. The report includes exhaustive information relevant to the companies aiming to gain competitiveness in the market. The most prominent companies operating in the market are also profiled in the report. Their strengths and weaknesses are weighed out and threats and opportunities that these companies may face are evaluated in detail.

Global Third Generation Energy Sources Market: Overview

The depleting non-renewable sources are proving insufficient to meet the rising energy demands of the increasing population. The market for third generation energy sources is consequently gaining impetus from the rising demand for energy derived from alternative sources. The improved efficiency offered by alternative energy also increases the demand for third generation energy sources.

The volatility experienced in petroleum prices has an adverse impact on the economy as a whole, since nations are majorly dependent on energy derived from crude oil sources to fulfil their power demands. However, due to the growing awareness regarding the benefits of alternative fuels, favorable government policies, and the introduction of the latest harnessing technologies, the demand for biofuels as a cheap energy resource is expected to increase. This in turn will push the demand from the third generation energy sources market upward at a robust pace. 

Third generation biofuels use biomass such as wood chips and energy crops for producing ethanol. In response to the increasing production of biofuels, the market for third generation energy sources is expected to witness considerable growth through the report’s forecast period.

Companies Mentioned in Report

To present a comprehensive overview of the prevailing competition in the market, the report profiles companies such as Bell Bio-Energy, A2BE Carbon Capture, ConocoPhillips, Venture Systems, Air New Zealand, Algae Altair, Blue Marble, Diversified Energy, ExxonMobil, DuPont, Gas Technology Institute, Dynamic Fuels LLC, Joule Biotechnologies, Boeing BP, Continental Airlines, Carbon Capture Corp., Synthetic Genomics, Green Biologics, Swift Fuel, Range Fuels, Texas Clean Fuels, Valero, and others.

Global Third Generation Energy Sources Market is segmented as:

Segmentation Based on Type:

• Hydrogen
• Fuel Cells
• Algae Fuel
• Gas to Liquids