About Alternative Fuel
Alternative fuels are derived from sources other than petroleum. It is produced domestically, reducing dependence on imported oil, and some are derived from renewable sources. Alternative fuels produce less pollution than gasoline or diesel. The fuels are available in various locations.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 15.9% |
Global Alternative Fuel is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fulcrum BioEnergy (United States), ITM Power (United Kingdom), FEV GmbH (Germany), Ginkgo BioWorks (United States), POET (United States), Electrochaea (Germany), ILIKA PLC (United Kingdom), Resynergi (United States), Calysta (United States) and Technipfmc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Mobisol (Germany), Arbiom (France), Logos Technologies LLC (United States) and Technology Holding, LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Alternative Fuel market by Type (Ethanol, Natural Gas, Electricity, Hydrogen, Propane and Others) and Region.
On the basis of geography, the market of Alternative Fuel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Verticals, the sub-segment i.e. Individuals will boost the Alternative Fuel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Need to Preserve Limited Resources and Move Towards Newer Fuel Technologies
Market Growth Drivers:
Increasing Awareness about the Benefits of the Alternative Fuel and Alternative Fuel Sources Are More Cost-Efficient
Restraints:
Fluctuation in Alternative Fuel Prices
Opportunities:
Government Initiatives for Alternative Fuel
Market Leaders and their expansionary development strategies
In December 13, 2023, Plug Power and Renault announce a collaboration to develop and manufacture hydrogen fuel cell stacks for light commercial vehicles.
In September 12, 2023, Blue Circle launches a new anaerobic digestion technology that can process a wider range of organic waste materials, increasing biogas production efficiency.
Key Target Audience
Alternative Fuel Regulatory Bodies, New Entrants, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.