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The Global Low Carbon Propulsion Market is witnessing remarkable growth and innovation, and is projected to reach USD 23.8 billion by 2024. This impressive figure is expected to escalate at a compound annual growth rate (CAGR) of 21.8% from 2025 to 2033, ultimately reaching a staggering USD 139.8 billion. This growth is propelled by an urgent global need to minimize carbon dioxide (CO2) emissions and greenhouse gas (GHG) footprints across various transportation systems.

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