0

Alternative Fuels Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 140
  • SKU: IRTNTR73260
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

The alternative fuels market share is expected to increase to USD 66.89 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.97%.

This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers alternative fuels market segmentation by:

  • Application - Automotive and aviation
  • Geography -  APAC, North America, Europe, South America, and Middle East and Africa

The alternative fuels market vendors are - Ballard Power Systems Inc., Blossman Propane Gas and Appliance Inc., BP Plc, Chevron Corp., China Petrochemical Corp., CNOOC Ltd., ENGIE SA, Equinor ASA, Exxon Mobil Corp., Gevo Inc., Hindustan Petroleum Corp. Ltd., Honeywell International Inc., LanzaTech Inc., Neste Corp., Nuvera Fuel Cells LLC, OMV Aktiengesellschaft, Petroleo Brasileiro SA, PJSC Gazprom Neft, PJSC LUKOIL, Plug Power Inc., Polski Koncern Naftowy ORLEN SA, Red Rock Biofuels LLC, Shell plc, and UGI Corp. among others.

What will the Alternative Fuels Market Size be During the Forecast Period?

Alternative Fuels Market Size

Download the Free Report Sample to Unlock the Alternative Fuels Market Size for the Forecast Period and Other Important Statistics

 

Alternative Fuels Market: Key Drivers, Trends, and Challenges

The increasing emissions of GHGs is notably driving the alternative fuels market growth, although factors such as fluctuations in global crude oil prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the alternative fuels industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Alternative Fuels Market Driver

One of the key factors driving growth in the alternative fuels market is the increasing emissions of GHGs. Awareness of environmental issues that are caused by the combustion of fossil fuels is increasing globally. The main sources of GHG emissions are transportation, electricity generation, and industrial activities. GHG emissions lead to drastic climate changes, a rise in global temperature, and an increase in sea levels. The Renewable Energy Directive established by the European Commission has made it necessary for EU member countries to have a national plan for renewable energy adoption with respect to heating and cooling, transportation, and electricity generation and has set individual targets for its member states by the year 2020. The benefits of using alternative fuels include lower pollution levels, a positive impact on the environment, and improvement in vehicle performance. Governments worldwide provide tax incentives to encourage the use of alternative fuels. These benefits are predicted to drive the growth of the alternative fuels market during the forecast period.

Key Alternative Fuels Market Trend

The increasing use of natural gas in the transportation sector is a key alternative fuels market trend that is expected to have a positive impact in the coming years. The transportation sector is one of the major sources of air pollution across the globe. As per the IEA, 30% of the GHG emissions recorded worldwide were contributed by the transportation sector. The combustion of fossil fuels releases emissions such as carbon dioxide, which is a major contributor to GHG emissions. These emissions have led to climate change and a decline in air quality. GHGs also have a negative effect on the ecosystem, and therefore, to curb the effects of GHG emissions, a decision to decarbonize the transportation sector was made by governments across the world. The transition to non-polluting energy sources has led to the emergence of alternative fuel sources. The need to reduce the carbon footprint in the transportation sector, which is one of the largest sectors responsible for GHG emissions, has led to the use of natural gas as an alternative fuel to run automobiles.

Key Alternative Fuels Market Challenge

The fluctuations in global crude oil prices will be a major challenge for the alternative fuels market during the forecast period. Over the years, global crude oil pricing has witnessed several fluctuations that do not follow any set pattern. Crude oil prices have an impact on the prices of products like gasoline and lubricants, which are derived from crude oil. The aviation industry is one of the prime users that has switched to alternative fuels to reduce the amount of carbon emissions. This industry uses various alternative jet fuels for its operations; however, during the period of the drop in global crude oil prices, the prices of conventional jet fuels were found to be lower than that of alternative fuels. This variation in prices, thus, discouraged many airline companies from opting for alternative fuels in their aircraft. The uncertainty in global oil and gas prices poses a challenge for the alternative fuels industry as these fluctuations in the oil and gas industry also leads to disparities in the demand for and supply of conventional fossil fuels, thereby affecting the demand for alternative fuels.

This alternative fuels market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global alternative fuels market as a part of the global coal and consumable fuels market within the global coal market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the alternative fuels market during the forecast period.

Who are the Major Alternative Fuels Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Ballard Power Systems Inc.
  • Blossman Propane Gas and Appliance Inc.
  • BP Plc
  • Chevron Corp.
  • China Petrochemical Corp.
  • CNOOC Ltd.
  • ENGIE SA
  • Equinor ASA
  • Exxon Mobil Corp.
  • Gevo Inc.
  • Hindustan Petroleum Corp. Ltd.
  • Honeywell International Inc.
  • LanzaTech Inc.
  • Neste Corp.
  • Nuvera Fuel Cells LLC
  • OMV Aktiengesellschaft
  • Petroleo Brasileiro SA
  • PJSC Gazprom Neft
  • PJSC LUKOIL
  • Plug Power Inc.
  • Polski Koncern Naftowy ORLEN SA
  • Red Rock Biofuels LLC
  • Shell plc
  • UGI Corp.

 

This statistical study of the alternative fuels market encompasses successful business strategies deployed by the key vendors. The alternative fuels market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ballard.com - The company offers alternative fuels products such as Fcgen H2PM, Fcgen HPS, and Fcgen LCS.

  • ballard.com - Through the fuel cell products and services segment, the company provides sale and service of PEM fuel cell products for the power product markets of heavy duty motive consisting of bus, truck, rail and marine applications, material handling and backup power as well as the delivery of technology solutions.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The alternative fuels market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Alternative Fuels Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the alternative fuels market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Alternative Fuels Market?

Alternative Fuels Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

45% of the market's growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for alternative fuels in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The initiatives being taken to reduce carbon emissions will facilitate the alternative fuels market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The market in the region is witnessing certain challenges due to the outbreak of COVID-19. The outbreak has affected several countries in the region, such as China, India, South Korea, and Japan. It has also affected the supply chain of end-user industries, such as mobility and oil and gas, thereby affecting the region's economy. However, lockdowns have been lifted in most of the countries in the region, and the governments of China, Japan, and South Korea have resumed their delivery of alternative fuels. This will, in turn, drive market growth during the forecast period.

What are the Revenue-generating Application Segments in the Alternative Fuels Market?

Alternative Fuels Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The alternative fuels market share growth by the automotive segment will be significant during the forecast period. The automotive market is currently highly dependent on fossil fuels for operation, and an increase in automotive sales is likely to lead to a similar rise in the demand for fuel. However, challenges like the fluctuations in global crude oil prices and increased adoption of EVs in the transportation sector to reduce global GHG emissions are aiding the adoption of alternative fuels in this sector. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the alternative fuels market size and actionable market insights on post COVID-19 impact on each segment.

 

Alternative Fuels Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.97%

Market growth 2022-2026

$ 66.89 billion

Market structure

Fragmented

YoY growth (%)

5.84

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 45%

Key consumer countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ballard Power Systems Inc., Blossman Propane Gas and Appliance Inc., BP Plc, Chevron Corp., China Petrochemical Corp., CNOOC Ltd., ENGIE SA, Equinor ASA, Exxon Mobil Corp., Gevo Inc., Hindustan Petroleum Corp. Ltd., Honeywell International Inc., LanzaTech Inc., Neste Corp., Nuvera Fuel Cells LLC, OMV Aktiengesellschaft, Petroleo Brasileiro SA, PJSC Gazprom Neft, PJSC LUKOIL, Plug Power Inc., Polski Koncern Naftowy ORLEN SA, Red Rock Biofuels LLC, Shell plc, and UGI Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Alternative Fuels Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive alternative fuels market growth during the next five years
  • Precise estimation of the alternative fuels market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the alternative fuels industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of alternative fuels market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Automotive - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 5.4 Aviation - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Aviation - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Aviation - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Aviation - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Aviation - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 South Korea - Market size and forecast 2021-2026
      • Exhibit 78: Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on South Korea - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Ballard Power Systems Inc.
              • Exhibit 89: Ballard Power Systems Inc. - Overview
              • Exhibit 90: Ballard Power Systems Inc. - Business segments
              • Exhibit 91: Ballard Power Systems Inc. - Key news
              • Exhibit 92: Ballard Power Systems Inc. - Key offerings
              • Exhibit 93: Ballard Power Systems Inc. - Segment focus
            • 10.4 Blossman Propane Gas and Appliance Inc.
              • Exhibit 94: Blossman Propane Gas and Appliance Inc. - Overview
              • Exhibit 95: Blossman Propane Gas and Appliance Inc. - Product / Service
              • Exhibit 96: Blossman Propane Gas and Appliance Inc. - Key offerings
            • 10.5 BP Plc
              • Exhibit 97: BP Plc - Overview
              • Exhibit 98: BP Plc - Business segments
              • Exhibit 99: BP Plc - Key offerings
              • Exhibit 100: BP Plc - Segment focus
            • 10.6 Chevron Corp.
              • Exhibit 101: Chevron Corp. - Overview
              • Exhibit 102: Chevron Corp. - Business segments
              • Exhibit 103: Chevron Corp. - Key news
              • Exhibit 104: Chevron Corp. - Key offerings
              • Exhibit 105: Chevron Corp. - Segment focus
            • 10.7 China Petrochemical Corp.
              • Exhibit 106: China Petrochemical Corp. - Overview
              • Exhibit 107: China Petrochemical Corp. - Business segments
              • Exhibit 108: China Petrochemical Corp. - Key offerings
              • Exhibit 109: China Petrochemical Corp. - Segment focus
            • 10.8 CNOOC Ltd.
              • Exhibit 110: CNOOC Ltd. - Overview
              • Exhibit 111: CNOOC Ltd. - Business segments
              • Exhibit 112: CNOOC Ltd. - Key offerings
              • Exhibit 113: CNOOC Ltd. - Segment focus
            • 10.9 ENGIE SA
              • Exhibit 114: ENGIE SA - Overview
              • Exhibit 115: ENGIE SA - Business segments
              • Exhibit 116: ENGIE SA - Key news
              • Exhibit 117: ENGIE SA - Key offerings
              • Exhibit 118: ENGIE SA - Segment focus
            • 10.10 Equinor ASA
              • Exhibit 119: Equinor ASA - Overview
              • Exhibit 120: Equinor ASA - Business segments
              • Exhibit 121: Equinor ASA - Key offerings
              • Exhibit 122: Equinor ASA - Segment focus
            • 10.11 Exxon Mobil Corp.
              • Exhibit 123: Exxon Mobil Corp. - Overview
              • Exhibit 124: Exxon Mobil Corp. - Business segments
              • Exhibit 125: Exxon Mobil Corp. - Key offerings
              • Exhibit 126: Exxon Mobil Corp. - Segment focus
            • 10.12 UGI Corp.
              • Exhibit 127: UGI Corp. - Overview
              • Exhibit 128: UGI Corp. - Business segments
              • Exhibit 129: UGI Corp. - Key news
              • Exhibit 130: UGI Corp. - Key offerings
              • Exhibit 131: UGI Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations
              • o

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
                Interested in this report?
                Get your sample now!
                Alternative Fuels Market market growth will increase by $66.89 billion during 2022-2026.
                The alternative fuels market market is expected to grow at a CAGR of 5.97% during 2022-2026.
                Technavio has segmented the alternative fuels market market by application (automotive and aviation) and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
                Ballard Power Systems Inc., Blossman Propane Gas and Appliance Inc., BP Plc, Chevron Corp., China Petrochemical Corp., CNOOC Ltd., ENGIE SA, Equinor ASA, Exxon Mobil Corp., Gevo Inc., Hindustan Petroleum Corp. Ltd., Honeywell International Inc., LanzaTech Inc., Neste Corp., Nuvera Fuel Cells LLC, OMV Aktiengesellschaft, Petroleo Brasileiro SA, PJSC Gazprom Neft, PJSC LUKOIL, Plug Power Inc., Polski Koncern Naftowy ORLEN SA, Red Rock Biofuels LLC, Shell plc, UGI Corp. are a few of the key vendors in the alternative fuels market market.
                APAC will register the highest growth rate of 45% among the other regions. Therefore, the alternative fuels market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the alternative fuels market market growth are:
                • Increasing emissions of GHGs
                • Increasing use of natural gas in the transportation sector
                The alternative fuels market market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
                • Off-the-shelf research reports
                • Reports can be tailored to meet the customer's needs
                • Trusted by more than 100 fortune 500 organizations
                • Information about the market's key drivers, trends, and challenges
                • Parent market analysis
                • Every week, 50,000 people visit our subscription platform
                • Detailed vendors report with competitive landscape
                • Covid-19 impact and recovery analysis
                • Data on revenue-generating market segments
                • Details on the market shares of various regions
                • Five-force market analysis

                Certified ISO 9001 : 2015

                We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

                We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

                Safe and Secure SSL Encrypted
                Technavio

                info
                close
                • Single User:

                  Quick and easy buy and download option

                • Enterprise:

                  Flexible option - Complimentary customization included

                2500 USD

                Technavio Get the report (PDF) sent to your email within minutes.

                Subscribe & Save

                Get lifetime access to our
                Technavio Insights

                Customized Report as per your Business Needs

                • Our analysts will work directly with you and understand your needs
                • Get data on specified regions or segments, competitor and Vendors
                • Data will be formatted and presented as per your requirements
                • We offer $1000 worth of FREE customization at the time of purchase

                Let us help you make report more suited to your requirements.

                • Get a competitive breakdown as per your niche industry
                • Customize the data with various metrics that meet your business prerequisite
                • Understand Revenue Sources, Customers and many more
                • Details on Market Share
                • These customizations are done in a short amount of time by our analysts and industry experts
                Technavio
                Enquire Before Buying
                17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>