The latest report on by Infinium Global Research gives complete coverage of the Flex Fuel Engine Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Flex Fuel Engine such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Vehicle Manufacturers are Developing New Technologies Such as Flex Start, to Increase Vehicle Efficiency and Decrease Vehicle Emission
A flex fuel engine operates on two different fuels from the same tank. It is designed to run on more than one fuel like gasoline or diesel that can be stored in the same tank. Flex fuel engines have properties such as flexible, independent, and resource-saving and can start the engine, easily. The flex fuel engine reduces petroleum content that helps preserve existing stores of fossil fuels intake.
It has the capability to burn any proportion of gasoline in the combustion chamber. Spark timing and injection are structured according to the combination of both fuels detected by fuel mixture sensor in flex fuel engines. Recently, vehicle manufacturers are developing new technologies such as flex start, to increase vehicle efficiency and decrease vehicle emission.
Countries with limited oil reserves are continuously looking for less oil consumption that is the major driving factor of the flex fuel engine market. Furthermore, factors such as strict environmental regulations, exhausting natural sources of diesel, increasing vehicle emission norms, and low-dependence on oil import are other driving factors of the market.
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Increasing Use of Second-Generation Ethanol in Flexible Fuel Vehicle is Expected to Provide Growth Opportunities to the Market Players
Ethanol burns cleaner than gasoline that led to an increase in the demand for the flex fuel engine. Several flex fuel vehicles make use of ethanol that originates from corn and sugar cane, a viable alternative to purchasing foreign oil. However, the high production cost of ethanol is restraining the growth of the market. Moreover, increasing use of second-generation ethanol in flexible fuel vehicle is expected to provide growth opportunities to the market players.
Geographically, North America dominates the global flex fuel engine market due to increasing demand for fuel-efficient vehicles in countries such as the U.S. and Canada. Brazil is the largest market for the flex fuel engine and has the highest penetration rate for flex fuel vehicles. The fleet of flexible-fuel vehicles in the U.S. is the second-largest in the world after Brazil. Asia-Pacific is the second-largest market owing to increasing demand for alternative fuels in this region.
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- Comprehensive analysis of global as well as regional markets of the Flex Fuel Engine.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.