Market Overview:
The global alternative fuel market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for environment-friendly fuels and the rising concerns over climate change. Some of the major types of alternative fuels include gaseous fuels, electric, biofuel, biodiesel, fuel cell and liquid nitrogen. Among these, electric vehicles are witnessing high demand due to their low emissions and easy maintenance. Biofuels are also gaining popularity as they are renewable and help reduce greenhouse gas emissions. Asia Pacific is expected to be the fastest growing region in terms of adoption of alternative fuels owing to the increasing population and rapid economic growth in countries such as China and India.
Product Definition:
Alternative fuel is a fuel that is not derived from crude oil. It can be made from renewable or non-renewable sources. The main importance of alternative fuels is that they help reduce greenhouse gas emissions and dependence on foreign oil.
Gaseous Fuels:
Gaseous fuels are produced by the chemical reaction between oxygen and carbon dioxide. The most commonly used form of gaseous fuel is natural gas, which is primarily composed of carbon dioxide. Gases such as nitrogen, hydrogen, and argon are also used for energy production purposes. However; natural gas is the most widely used gaseous fuel due to its abundant availability across the globe compared to other forms.
Electric:
Electric is the alternative fuel which is produced by using electricity as an energy source. It can be used in internal combustion engines or electric generators. The most common usage of electric power in automobiles, for instance, hybrid vehicles use a combination of gas and electricity for operation.
Electricity can also be used directly to power devices like household appliances and tools that are powered by batteries such as drills, saws, flashlights etc.
Application Insights:
Passenger cars was the largest application segment and accounted for a revenue share of over 60.0% in 2017. The growth of this segment is attributed to growing demand for passenger vehicles in developing countries such as China, India and Brazil on account of increasing income levels coupled with rising per capita ownership rates. Moreover, stringent government regulations regarding the use of conventional fuel sources in favor of electric vehicles are expected to drive market growth over the forecast period.
Commercial vehicle alternative fuels market is anticipated to grow at a significant rate owing to increased focus on reducing greenhouse gas emissions from heavy-duty diesel engines along with improving air quality across various regions globally including North America and Europe.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing government initiatives for promoting alternative fuel vehicles in China and India. In 2016, the Indian government announced National Electric Mobility Mission Plan (NEMMP) with an investment of USD X trillion over a period of 15 years for developing electric vehicles and infrastructure required for their charging, which is estimated to propel industry growth over the forecast period. The Chinese government has also undertaken several initiatives such as “13th Five Year Plan†focusing on energy conservation coupled with economic growth through innovation that will drive industry demand in Asia Pacific region over the next eight years.
Europe was valued at USD X billion in 2017 owing to stringent emission norms coupled electric vehicle charging infrastructure development by governments across Germany, U.K.
Growth Factors:
- Increasing environmental concerns and the need to reduce greenhouse gas emissions is driving the demand for alternative fuel vehicles.
- Stringent government regulations and mandates favoring the use of alternative fuel vehicles are also contributing to market growth.
- The increasing cost of traditional fuels is prompting consumers to switch to alternate fuels, thereby boosting demand for AFVs.
- Growing popularity of electric vehicles is propelling the adoption of AFVs worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Alternative Fuel Market Research Report
By Type
Gaseous Fuels, Electric, Biofuel, Biodiesel, Fuel Cell, Liquid Nitrogen, Dimethyl Ether
By Application
Electric Two Wheeler, Passenger Cars, Commercial Vehicle
By Companies
BP, Sasol, General Electric Company, DuPont, ExxonMobil Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Alternative Fuel Market Report Segments:
The global Alternative Fuel market is segmented on the basis of:
Types
Gaseous Fuels, Electric, Biofuel, Biodiesel, Fuel Cell, Liquid Nitrogen, Dimethyl Ether
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electric Two Wheeler, Passenger Cars, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BP
- Sasol
- General Electric Company
- DuPont
- ExxonMobil Corporation
Highlights of The Alternative Fuel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gaseous Fuels
- Electric
- Biofuel
- Biodiesel
- Fuel Cell
- Liquid Nitrogen
- Dimethyl Ether
- By Application:
- Electric Two Wheeler
- Passenger Cars
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Alternative Fuel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Alternative fuel is a type of fuel that can be used in place of gasoline, diesel, or other traditional fuels. Alternative fuels can include ethanol, biodiesel, hydrogen gas and electricity.
Some of the key players operating in the alternative fuel market are BP, Sasol, General Electric Company, DuPont, ExxonMobil Corporation.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Alternative Fuel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Alternative Fuel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Alternative Fuel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Alternative Fuel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Alternative Fuel Market Size & Forecast, 2018-2028
4.5.1 Alternative Fuel Market Size and Y-o-Y Growth
4.5.2 Alternative Fuel Market Absolute $ Opportunity
Chapter 5 Global Alternative Fuel Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Alternative Fuel Market Size Forecast by Type
5.2.1 Gaseous Fuels
5.2.2 Electric
5.2.3 Biofuel
5.2.4 Biodiesel
5.2.5 Fuel Cell
5.2.6 Liquid Nitrogen
5.2.7 Dimethyl Ether
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Alternative Fuel Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Alternative Fuel Market Size Forecast by Applications
6.2.1 Electric Two Wheeler
6.2.2 Passenger Cars
6.2.3 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Alternative Fuel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Alternative Fuel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Alternative Fuel Analysis and Forecast
9.1 Introduction
9.2 North America Alternative Fuel Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Alternative Fuel Market Size Forecast by Type
9.6.1 Gaseous Fuels
9.6.2 Electric
9.6.3 Biofuel
9.6.4 Biodiesel
9.6.5 Fuel Cell
9.6.6 Liquid Nitrogen
9.6.7 Dimethyl Ether
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Alternative Fuel Market Size Forecast by Applications
9.10.1 Electric Two Wheeler
9.10.2 Passenger Cars
9.10.3 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Alternative Fuel Analysis and Forecast
10.1 Introduction
10.2 Europe Alternative Fuel Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Alternative Fuel Market Size Forecast by Type
10.6.1 Gaseous Fuels
10.6.2 Electric
10.6.3 Biofuel
10.6.4 Biodiesel
10.6.5 Fuel Cell
10.6.6 Liquid Nitrogen
10.6.7 Dimethyl Ether
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Alternative Fuel Market Size Forecast by Applications
10.10.1 Electric Two Wheeler
10.10.2 Passenger Cars
10.10.3 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Alternative Fuel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Alternative Fuel Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Alternative Fuel Market Size Forecast by Type
11.6.1 Gaseous Fuels
11.6.2 Electric
11.6.3 Biofuel
11.6.4 Biodiesel
11.6.5 Fuel Cell
11.6.6 Liquid Nitrogen
11.6.7 Dimethyl Ether
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Alternative Fuel Market Size Forecast by Applications
11.10.1 Electric Two Wheeler
11.10.2 Passenger Cars
11.10.3 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Alternative Fuel Analysis and Forecast
12.1 Introduction
12.2 Latin America Alternative Fuel Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Alternative Fuel Market Size Forecast by Type
12.6.1 Gaseous Fuels
12.6.2 Electric
12.6.3 Biofuel
12.6.4 Biodiesel
12.6.5 Fuel Cell
12.6.6 Liquid Nitrogen
12.6.7 Dimethyl Ether
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Alternative Fuel Market Size Forecast by Applications
12.10.1 Electric Two Wheeler
12.10.2 Passenger Cars
12.10.3 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Alternative Fuel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Alternative Fuel Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Alternative Fuel Market Size Forecast by Type
13.6.1 Gaseous Fuels
13.6.2 Electric
13.6.3 Biofuel
13.6.4 Biodiesel
13.6.5 Fuel Cell
13.6.6 Liquid Nitrogen
13.6.7 Dimethyl Ether
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Alternative Fuel Market Size Forecast by Applications
13.10.1 Electric Two Wheeler
13.10.2 Passenger Cars
13.10.3 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Alternative Fuel Market: Competitive Dashboard
14.2 Global Alternative Fuel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BP
14.3.2 Sasol
14.3.3 General Electric Company
14.3.4 DuPont
14.3.5 ExxonMobil Corporation
