Alternative Fuel-Powered Military Fleet Market: Manufacturers, Growth Rate By Application, Market Size And Forecast 2017 - 2025
Derivation of biofuel from timber woods and Easy supply of fuel in times of crisis are some of the major factor boosting the alternative fuel-powered military fleet marke t for the forecast period of 2017 – 2025. However, drop in crude oil prices is acting as a restraining factor for the market for the forecast period. Based on platform type, the market is segmented into naval vessels, aerial fleet and ground vehicles. In 2016, in terms of platform type, the aerial fleet segment dominated the market followed by naval vessel and is anticipated to remain the dominant segment in the near future as well. The increase in the focus on the testing and production of renewable and alternative fuels by major companies and the rising number of government initiatives will reduce the use of crude oil-based fuel which in turn will help to increase the demand of alternative fuels. Based on fuels type, the market is segmented into biofuels, nuclear power, alcohols fuels and others. Among various...