DUBLIN--(BUSINESS WIRE)--The "Global eFuel Market Research and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The global E-Fuel Market is anticipated to grow at a CAGR of around 22.8% during the forecast period. E-fuels are in the form of synthetic fuels that are generally produced by storing electrical energy from renewable sources.
Companies Mentioned
- Archer Daniels Midland Co. (ADM)
- AUDI AG
- Ballard Power Systems Inc.
- Carbon Recycling International (CRI)
- Ceres Power Holding Plc
- Clean Fuel USA
- Climeworks AG
- E-Fuel Corp.
- EnergieDienst Holding AG
- Flint Hills Resources LP
- Fuel cell Energy Inc.
- Green Plains Inc.
- Honda Motor Co. Ltd.
- Hydrogenics Corp.
- Ineratec GmbH
- Plug Power Inc.
- SFC Energy AG4
- Sunfire GmbH
- The Viessmann Group
- Toyota Motor Corp.
- Valero Energy Corp.
These are produced in the form of liquid or gaseous state and are created with the support of CO2, electricity, renewable energy, and water. The production of E-fuel does not need any large space and does not pollute the environment.
The factors attributing to the growth of the market include the growth of the automobile sector due to increasing urbanization and industrialization. According to National Investment Promotion and Facilitation Agency, India is forecasted to be the third-largest passenger vehicle market by 2021 globally. The sales of the passenger vehicle market in 2018-19 increased by 2.70%. Additionally in 2019, the automobile exports also grew by 14.50%.
However, higher investment for resource, development, transportation, storage, and extractions is one of the major challenge faced by the market such as installing pipelines for transportation of hydrogen requires digging and machinery cost and setup. Additionally, lack of awareness among people about the e-fuels is further projected to hamper the growth of the market. However, many private companies are moving towards development such as Audi, Hyundai is developing vehicles that are powered by e-fuels including hydrogen, gasoline, ethane, and others is bringing upon an opportunity for the growing market.
Global E-Fuel Market Size
Asia-Pacific is projected to have considerable growth in the global e-fuel market
Asia-Pacific is projected to have lucrative market growth in the global e-fuel market during the forecast period. The growth is attributed to increasing hydrogen-powered electric vehicles in countries including Japan and China. The well-established e-fuel infrastructure in Japan is creating opportunities for the growth of the market in the region.
In-country such as China the demand is increasing for alternative green energy fuels and increased production of biofuels can also be seen in the region. South Korea is also a key economy for the growing demand for e-fuel where the government is planning to install around 500 hydrogen fueling stations by 2030.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global E-fuel market
- Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
Key Topics Covered:
1. Report Summary
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Regulations
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global eFuel market By Fuel Type
5.1.1. E-Diesel
5.1.2. E/Synthetic Gasoline
5.1.3. Synthetic Ethanol
5.1.4. Hydrogen
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/pw20yv
