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the global biofuel market is projected to reach USD 225.9 billion by 2028 from an estimated USD 167.4 billion in 2023, at a CAGR of 6.2% during the forecast period. The growing demand for cleaner fuels is one of the major factors driving the biofuels market. Global biofuel demand has been increasing gradually due to goals set to achieve net zero emissions in recent years. According to Statistical Review of World Energy 2022, the total global consumption of biofuel in 2021 was 1,837 thousand barrels of oil equivalent per day. Governments of various countries across the world are focused on reducing greenhouse emissions. With the help of biofuel, greenhouse emissions can be reduced by up to 65%. Expansion of the biofuel business will result in increased employment opportunities, ensuring the stability of an economy. The demand for suitable biofuel crops, as a result of biofuel production, will support the agricultural industry.

Wind Turbine Casting Market major factor expected to drive growth is increasing demand for renewable sources of energy, which include wind, solar, and water

Wind Turbine Casting Market Size | Growth | Industry Report, 2020-2027

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The global ring main unit market size is projected to grow at a CAGR of 9.3% from 2020 to 2025. The market is estimated to be USD 1.6 billion in 2020 and expected to reach USD 2.5 billion by 2025. Asia Pacific is expected to be the largest and the fastest growing market for ring main units from 2020-2025. The market is driven by the rising demand for uninterrupted and reliable power supply across several end-use industries and expansion of the manufacturing sector. Also, the increasing renovation of power infrastructure and growing electricity demand in countries like China, India, and Japan is expected to fuel the ring main unit demand.

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India's solar energy sector is rapidly evolving, driven by favorable government policies, technological advancements, and increasing awareness about sustainable energy. Investing in solar energy stocks has gained significant traction globally, driven by the increasing adoption of renewable energy sources. Several companies have emerged as key players in the solar energy sector in India, a country with abundant sunlight. This article provides a detailed analysis of India's best solar energy stocks, highlighting their performance, market position, and potential for investors. Know in detail about best solar energy stocks in India