Alternative Fuels Market 2024-2028
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overview_1
Incremental Growth2024-2028 (US$bn)

$ 94.6

overview_2
2024 Year-over-Year Growth

6.24%

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CAGR (2024-2028)

6.78%

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Report Coverage

Global

Alternative Fuels Market Segmentation

Market Segmentation & Scope
Application
Automotive Aviation
Type
Passenger cars Commercial vehicles

Geography

Europe

UK France Germany

APAC

China India Japan South Korea

North America

US Canada

South America

Brazil

Middle East and Africa

UAE

Market Segment by Geographic Landscape

regional_img

39%

of the growth will originate

from APAC

Global Market Size 2018 - 2028 (US$ Bn)

Market is segmented by Application into Automotive, Aviation

The Automotive is expected to be largest growing segment during 2024-2028

Largest Segment - Automotive

US$ 834.00 Bn

Alternative Fuels Market by Application into Automotive; 2018-2028 (US$ Bn)

Automotive Market Revenue and Forecast 2018-2028 (US$ Bn)

Automotive

  • Automotive Market Size and Forecast 2018 to 2028 (US$ Bn)

Alternative Fuels Market by Application into Aviation; 2018-2028 (US$ Bn)

Aviation Market Revenue and Forecast 2018-2028 (US$ Bn)

Aviation

  • Aviation Market Size and Forecast 2018 to 2028 (US$ Bn)

Market is segmented by Type into Passenger cars, Commercial vehicles

The Passenger cars is expected to be largest growing segment during 2024-2028

Largest Segment - Passenger cars

US$ 660.70 Bn

Alternative Fuels Market Size by Segmentation, by Type (US$ Bn)

Type 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
Passenger cars 115.50 XX XX XX XX XX XX XX XX XX XX XX
Commercial vehicles XX 69.30 XX XX XX XX XX XX XX XX XX XX

Alternative Fuels Market by Type into Passenger cars; 2018-2028 (US$ Bn)

Passenger cars Market Revenue and Forecast 2018-2028 (US$ Bn)

Passenger cars

  • Passenger cars Market Size and Forecast 2018 to 2028 (US$ Bn)

Alternative Fuels Market by Type into Commercial vehicles; 2018-2028 (US$ Bn)

Commercial vehicles Market Revenue and Forecast 2018-2028 (US$ Bn)

Commercial vehicles

  • Commercial vehicles Market Size and Forecast 2018 to 2028 (US$ Bn)

Market is segmented by Geography into APAC, North America, Europe, South America, Middle East and Africa

The APAC is estimated to contribute 39% to the growth of global market during the forecast period 2024-2028.

Largest Segment - APAC

39%

Regional share of different regions, including APAC, North America, Europe, South America

Region 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
APAC 80.80 XX XX XX XX XX XX XX XX XX XX XX
North America XX 48.80 XX XX XX XX XX XX XX XX XX XX
Europe XX XX 28.10 XX XX XX XX XX XX XX XX XX
South America XX XX XX 23.00 24.00 XX XX XX XX XX XX XX
Middle East and Africa XX XX XX XX XX XX XX XX XX XX XX XX

Alternative Fuels Market Size by Geography into APAC; 2018-2028 (US$ Bn)

APAC Market Revenue and Forecast 2018-2028 (US$ Bn)

Alternative Fuels Market Size by Country into China; 2018-2028 (US$ Bn)

China Market Revenue and Forecast 2018-2028 (US$ Bn)

Alternative Fuels Market Size by Country into Japan; 2018-2028 (US$ Bn)

Japan Market Revenue and Forecast 2018-2028 (US$ Bn)

Alternative Fuels Market Size by Country into South Korea; 2018-2028 (US$ Bn)

South Korea Market Revenue and Forecast 2018-2028 (US$ Bn)

Alternative Fuels Market Size by Geography into North America; 2018-2028 (US$ Bn)

North America Market Revenue and Forecast 2018-2028 (US$ Bn)

Alternative Fuels Market Size by Country into US; 2018-2028 (US$ Bn)

US Market Revenue and Forecast 2018-2028 (US$ Bn)

Alternative Fuels Market Size by Geography into Europe; 2018-2028 (US$ Bn)

Europe Market Revenue and Forecast 2018-2028 (US$ Bn)

Alternative Fuels Market Size by Country into Germany; 2018-2028 (US$ Bn)

Germany Market Revenue and Forecast 2018-2028 (US$ Bn)

Alternative Fuels Market Size by Geography into South America; 2018-2028 (US$ Bn)

South America Market Revenue and Forecast 2018-2028 (US$ Bn)

Alternative Fuels Market Size by Geography into Middle East and Africa; 2018-2028 (US$ Bn)

Middle East and Africa Market Revenue and Forecast 2018-2028 (US$ Bn)

Major Companies

Market Companies

Name Profile Employees Headquarters Website
Ballard Power Systems Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Blossman Propane Gas and Appliance Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
BP PlcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Chevron Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
China Petrochemical Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
CNOOC Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
ENGIE SAView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Equinor ASAView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Exxon Mobil Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Gazprom International Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Gevo Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Hindustan Petroleum Corp. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Honeywell International Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
LanzaTech Global Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Neste Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Nuvera Fuel Cells LLCView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
OMV AktiengesellschaftView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Petroleo Brasileiro SAView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
PJSC LUKOILView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
UGI Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com

Alternative Fuels Market Scope

  1. By Application
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ billion) Analysis By Application, 2018 to 2022
    3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Application, 2024 to 2028
      1. Automotive
      2. Aviation
    4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Application, 2024 to 2028
  2. By Type
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ billion) Analysis By Type, 2018 to 2022
    3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Type, 2024 to 2028
      1. Passenger cars
      2. Commercial vehicles
    4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Type, 2024 to 2028
  3. By Region
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ billion) Analysis By Region, 2018 to 2022
    3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Region, 2024 to 2028
      1. APAC
      2. North America
      3. Europe
      4. South America
      5. Middle East and Africa
  4. APAC Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
    3. By Country
      1. China
      2. Japan
      3. South Korea
    4. By Application
    5. By Type
  5. North America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
    3. By Country
      1. US
    4. By Application
    5. By Type
  6. Europe Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
    3. By Country
      1. Germany
    4. By Application
    5. By Type
  7. South America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
    3. By Application
    4. By Type
  8. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
    3. By Application
    4. By Type

Major Companies

Market companies

Name Profile Employees Headquarters Website
Ballard Power Systems Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Blossman Propane Gas and Appliance Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
BP PlcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Chevron Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
China Petrochemical Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
CNOOC Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
ENGIE SAView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Equinor ASAView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Exxon Mobil Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Gazprom International Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Gevo Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Hindustan Petroleum Corp. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Honeywell International Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
LanzaTech Global Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Neste Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Nuvera Fuel Cells LLCView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
OMV AktiengesellschaftView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Petroleo Brasileiro SAView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
PJSC LUKOILView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
UGI Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
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