E-fuels Market – Global Forecast To 2030
이퓨얼(e-fuel) 시장 – 유형(E-메탄, E-등유, E-메탄올, E-디젤, E-암모니아, E-가솔린), 상태(기체, 액체), 최종 용도(수송, 화학제품, 발전, 그리드 주입), 용도(연료, 비연료) 및 지역별 – 2030년까지의 세계 예측
E-fuels Market by Type (E-methane, E-kerosene, E-methanol, E-diesel, E-ammonia, E-gasoline), State (Gaseous, Liquid), End Use (Transportation, Chemicals, Power Generation, Grid-injection), Application (Fuel, Non-fuel) and Region – Global Forecast to 2030
| 조사회사 | MarketsandMarkets |
| 출판년월 | 2025년8월 |
| 페이지 수 | 262 |
| 도표 수 | 346 |
| 라이센스 | Single User License |
| 가격 | USD 4,950 |
| 구성 | 영문조사보고서 |
본 보고서는 규모, 용도, 연료 유형별로 전기 연료 시장을 정의, 설명 및 예측합니다. 또한 시장에 대한 상세한 정성적 및 정량적 분석을 제공합니다. 주요 시장 동인, 제약, 기회, 그리고 과제에 대한 포괄적인 분석을 제공합니다. 또한 시장의 다양한 주요 측면을 다룹니다. 여기에는 경쟁 환경, 시장 역학, 가치 측면에서의 시장 추정치, 그리고 전기 연료 시장의 미래 동향 분석이 포함됩니다.
이퓨얼(e-fuel) 시장은 특히 직접 전기화가 어려운 분야에서 탈탄소화와 지속 가능한 에너지 솔루션으로의 전 세계적인 전환에 힘입어 성장하고 있습니다. 기후 변화, 탄소 배출, 화석 연료 의존도에 대한 우려가 커짐에 따라, 이퓨얼(e-fuel) 는 재생 수소와 포집된 CO₂를 활용하여 기존 인프라와 호환되는 합성 연료를 생산함으로써 탄소 중립적인 대안을 제시합니다. 기존 엔진 및 연료 시스템과의 호환성이 뛰어나 항공, 해운, 대형 운송, 화학 산업과 같이 감축이 어려운 분야에 이상적입니다. 각국이 야심찬 탄소 중립 목표를 설정함에 따라 확장 가능한 저탄소 액체 및 기체 연료에 대한 수요가 빠르게 증가하고 있습니다. 정부의 적극적인 지원 정책, 탄소 가격 책정, 그리고 친환경 연료 의무화 정책은 이 분야의 투자와 혁신을 가속화하고 있습니다. Power-to-Liquid 공정, 탄소 포집, 친환경 수소 생산 분야의 기술 발전은 효율성과 비용 효율성을 향상시키고 있습니다. 에너지 안보에 대한 우려와 기업의 지속가능성 목표가 커짐에 따라, e-연료는 깨끗하고 순환적인 에너지 시스템으로의 전 세계적 전환의 핵심 요소로 부상하고 있습니다.
이퓨얼(e-fuel) 시장은 2025년 244억 9천만 달러에서 2030년 662억 5천만 달러로 성장할 것으로 예상되며, 이는 예측 기간 동안 연평균 22.0% 성장할 것입니다. 이퓨얼(e-fuel) 시장은 항공, 해상 운송, 중량물 운송 등 직접 전기화가 어려운 분야에서 전 세계적인 탈탄소화 추진에 힘입어 성장하고 있습니다. 탄소 규제 강화, 재생연료 의무화, 그리고 정부 인센티브 정책이 e-연료 도입을 가속화하고 있습니다. 친환경 수소, 탄소 포집, 그리고 Power-to-Liquid 공정의 기술 발전은 효율성과 확장성을 향상시킵니다. e-연료는 기존 연료 인프라와 통합될 수 있어 매력적인 과도기적 솔루션으로 자리매김하고 있습니다. 에너지 안보에 대한 우려와 기업의 지속가능성 확보 노력 또한 전 세계적으로 저탄소 합성 연료에 대한 수요를 더욱 촉진하고 있습니다.
The e-fuels market is estimated to reach USD 66.25 billion by 2030 from USD 24.49 billion in 2025, at a CAGR of 22.0% during the forecast period. The e-fuels market is driven by the global push for decarbonization in sectors where direct electrification is challenging, such as aviation, maritime, and heavy transport. Rising carbon regulations, renewable fuel mandates, and government incentives are accelerating adoption. Technological advancements in green hydrogen, carbon capture, and Power-to-Liquid processes enhance efficiency and scalability. The ability of e-fuels to integrate with existing fuel infrastructure makes them an attractive transitional solution. Increasing energy security concerns and corporate sustainability commitments also further propel demand for low-carbon, synthetic fuels worldwide.
“By fuel type, e-ammonia is projected to be the most lucrative segment of the e-fuels market during the forecast period.”
E-ammonia is the largest segment of the e-fuels market by fuel type, driven by its high hydrogen content, carbon-free combustion, and diverse application potential. It is increasingly favored as a clean fuel for the maritime industry, offering a viable alternative to heavy fuel oil without producing CO₂ emissions during use. E-ammonia is also gaining traction as a hydrogen carrier in power generation due to its ease of storage and transport. Growing investments in green ammonia production using renewable hydrogen and nitrogen are enhancing scalability. Additionally, countries and companies are aligning with global decarbonization goals, leading to increased R&D and pilot projects. Supportive government policies and regulatory incentives targeting net-zero emissions are further driving demand. Its dual role as both a fuel and feedstock strengthens its market position across energy and industrial sectors.
“By state, the liquid segment is expected to remain the largest segment throughout the forecast period.”
The liquid segment is expected to remain the largest segment by state in the e-fuels market, primarily due to its compatibility with existing fuel infrastructure and widespread use across key industries. Liquid e-fuels such as e-diesel, e-gasoline, e-kerosene, and e-methanol can be easily stored, transported, and distributed using current pipelines, tanks, and refueling stations, reducing the need for major infrastructure overhauls. Their ability to serve as drop-in replacements for conventional fuels makes them ideal for aviation, maritime, and road transport applications. Additionally, ongoing advancements in Power-to-Liquid technologies and increasing investments in commercial-scale production facilities are enhancing their market readiness. Strong policy support for low-carbon liquid fuels, especially in the transport sector, further strengthens the liquid segment’s leading position in the e-fuels market during the forecast period.
“By region, Asia Pacific is expected to be the second-largest region in the e-fuels market during the forecast period.”
Asia Pacific is expected to be the second-largest region in the e-fuels market, driven by rapid industrialization, growing energy demand, and strong government initiatives supporting clean energy transitions. The region’s focus on energy security and reducing reliance on imported fossil fuels is accelerating the development of domestic e-fuel projects. Additionally, a strong interest in decarbonizing hard-to-abate sectors like shipping, aviation, and chemicals is fueling demand. Supportive policy frameworks, public-private partnerships, and rising investment in renewable infrastructure further position Asia Pacific as a key player in the global e-fuels landscape during the forecast period. Moreover, Asia Pacific’s industrial and chemical sectors are driving demand for e-fuels, especially e-methanol and e-ammonia, as low-carbon feedstocks. China and India, with large-scale chemical manufacturing capacities, are exploring green alternatives to reduce carbon intensity.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
- By Designation: C-Level Executives – 30%, Managers- 25%, and Others- 45%
- By Region: North America- 30%, Europe- 35%, Asia Pacific- 25%, and RoW- 10%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The e-fuels market is dominated by a few major players that have a wide regional presence. The leading players in the e-fuels market are Saudi Arabian Oil Co. (Saudi Arabia), AUDI AG (Germany), Repsol (Spain), Sunfire SE (Germany), Electrochaea GmbH (Germany), Uniper SE (Germany), Ørsted A/S (Denmark), Yara (Norway), Perstorp (Germany), HIF Global (US), INFINIUM (US), among others.
Study Coverage:
The report defines, describes, and forecasts the e-fuel market by size, application, and fuel type. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the e-fuels market.
Key Benefits of Buying the Report
- The e-fuels market is driven by the global shift toward decarbonization and sustainable energy solutions, particularly in sectors where direct electrification is challenging. With increasing concerns over climate change, carbon emissions, and fossil fuel dependency, e-fuels offer a carbon-neutral alternative by utilizing renewable hydrogen and captured CO₂ to create synthetic fuels compatible with existing infrastructure. Their drop-in compatibility with conventional engines and fuel systems makes them ideal for hard-to-abate sectors such as aviation, shipping, heavy transport, and chemicals. As nations set ambitious net-zero targets, the demand for scalable, low-carbon liquid and gaseous fuels is rapidly growing. Supportive government policies, carbon pricing, and green fuel mandates are accelerating investment and innovation in the space. Technological advancements in Power-to-Liquid processes, carbon capture, and green hydrogen production are improving efficiency and cost viability. With growing energy security concerns and corporate sustainability goals, e-fuels are emerging as a key pillar in the global transition toward clean, circular energy systems.
- Product Development/Innovation: The e-fuels market is advancing through product innovations focused on enhancing production efficiency, scalability, and environmental performance. Companies are developing advanced Power-to-Liquid (PtL) and Power-to-Gas (PtG) technologies that enable efficient conversion of renewable electricity, water, and captured CO₂ into high-quality synthetic fuels. Innovations in electrolyzer technology, carbon capture systems, and reactor design are significantly improving energy conversion rates and reducing production costs. Modular and scalable e-fuel production units enable decentralized fuel generation, which is ideal for remote or off-grid applications. Integration with digital platforms supports process optimization, real-time emissions tracking, and energy flow monitoring. Furthermore, breakthroughs in catalyst development and synthetic fuel refining are improving fuel purity and engine compatibility. Research into direct air capture, co-electrolysis, and new feedstock pathways is expanding the versatility of e-fuel production. These innovations are not only accelerating commercialization but also enhancing the viability of e-fuels as a cornerstone of sustainable, net-zero energy systems.
- Market Development: In October 2024, Saudi Arabian Oil Co., a global integrated energy and chemicals company, and ENOWA, NEOM’s energy and water company, signed a joint development agreement to construct and establish a first-of-its-kind synthetic electro fuel (e-fuel) demonstration plant. It aims to demonstrate technical feasibility and commercial viability by producing 35 barrels per day of low-carbon, synthetic gasoline from renewable-based hydrogen and captured carbon dioxide (CO2).
- Market Diversification: In May 2025, Uniper and thyssenkrupp Uhde partnered to develop a large-scale ammonia cracker plant in Gelsenkirchen, Germany, capable of converting 28 tons/day of ammonia into hydrogen. This demonstration project supports global hydrogen trade and the hydrogen import terminal in Wilhelmshaven, enabling ammonia to be an e-fuel carrier.
- Competitive Assessment: Assessment of rankings of some of the key players, including of Saudi Arabian Oil Co. (Saudi Arabia), AUDI AG (Germany), Repsol (Spain), Sunfire SE (Germany), Electrochaea GmbH (Germany), Uniper SE (Germany), Ørsted A/S (Denmark), Yara (Norway), Perstorp (Germany), HIF Global (US), INFINIUM (US), INERATEC GmbH (Germany), Liquid Wind (Sweden), Norsk e-fuel (Norway), Nordic Electrofuel (Norway), European Energy (Denmark) among others.
Table of Contents
1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 STUDY SCOPE 25
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 25
1.3.2 INCLUSIONS AND EXCLUSIONS 26
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY CONSIDERED 27
1.5 UNIT CONSIDERED 27
1.6 LIMITATIONS 27
1.7 STAKEHOLDERS 28
1.8 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
2.1.1 SECONDARY DATA 30
2.1.1.1 List of key secondary sources 30
2.1.1.2 Key data from secondary sources 31
2.1.2 PRIMARY DATA 31
2.1.2.1 List of primary interview participants 31
2.1.2.2 Key industry insights 32
2.1.2.3 Breakdown of primaries 32
2.1.2.4 Key data from primary sources 33
2.2 MARKET SIZE ESTIMATION 34
2.2.1 BOTTOM-UP APPROACH 34
2.2.1.1 Demand-side assumptions 35
2.2.1.2 Demand-side calculations 35
2.2.2 TOP-DOWN APPROACH 36
2.2.2.1 Supply-side assumptions 38
2.2.2.2 Supply-side calculations 38
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 39
2.4 FORECAST 39
2.5 RESEARCH LIMITATIONS 40
2.6 RISK ANALYSIS 40
3 EXECUTIVE SUMMARY 41
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN E-FUELS MARKET 45
4.2 E-FUELS MARKET, BY REGION 46
4.3 E-FUELS MARKET, BY STATE 46
4.4 E-FUELS MARKET, BY TYPE 47
4.5 E-FUELS MARKET, BY APPLICATION 47
4.6 E-FUELS MARKET, BY END USE 48
4.7 E-FUELS MARKET IN EUROPE, BY STATE AND COUNTRY 48
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
5.2.1 DRIVERS 50
5.2.1.1 Rising implementation of supportive frameworks for low-
carbon fuel adoption 50
5.2.1.2 Growing emphasis on sustainable transport to conform to
strict emission standards 51
5.2.2 RESTRAINTS 51
5.2.2.1 High initial capital investment 51
5.2.2.2 Mounting adoption of electric vehicles (EVs) 52
5.2.3 OPPORTUNITIES 52
5.2.3.1 Depletion of fossil fuels and push for decarbonization 52
5.2.3.2 Rising need to decarbonize aviation and shipping industries 53
5.2.4 CHALLENGES 53
5.2.4.1 Requirement for significant energy for e-fuel production 53
5.2.4.2 Limited production capacity 54
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 54
5.4 SUPPLY CHAIN ANALYSIS 55
5.5 ECOSYSTEM ANALYSIS 56
5.6 TECHNOLOGY ANALYSIS 58
5.6.1 KEY TECHNOLOGIES 58
5.6.1.1 Fischer-Tropsch (FT) synthesis 58
5.6.1.2 Methanation 58
5.6.1.3 Machine learning 58
5.6.2 COMPLEMENTARY TECHNOLOGIES 59
5.6.2.1 Reverse water-gas shift reaction 59
5.6.2.2 Electrolyzers 59
5.6.3 ADJACENT TECHNOLOGIES 59
5.6.3.1 Artificial intelligence 59
5.6.3.2 Advanced catalysts 60
5.7 CASE STUDY ANALYSIS 60
5.7.1 RESEARCHERS DEVELOP SIMULATION FRAMEWORK FOR MULTI-E-FUEL INFRASTRUCTURE TO DECARBONIZE HEAVY-DUTY TRANSPORT 60
5.7.2 HIF GLOBAL LAUNCHES HARU ONI PROJECT TO INTEGRATE RENEWABLE POWER, GREEN HYDROGEN, AND DAC-BASED CO₂ CAPTURE FOR
E-FUEL SYNTHESIS 60
5.7.3 BANKABLE FEASIBILITY STUDY SUPPORTS BIOAGRA’S TRANSITION
INTO E-FUEL PRODUCTION 61
5.8 PATENT ANALYSIS 62
5.9 KEY CONFERENCES AND EVENTS, 2025–2026 64
5.10 PRICING ANALYSIS 64
5.10.1 AVERAGE SELLING PRICE TREND OF E-FUELS, BY TYPE, 2022–2024 65
5.10.2 AVERAGE SELLING PRICE TREND OF E-FUELS, BY REGION, 2022–2024 66
5.11 TRADE ANALYSIS 66
5.11.1 IMPORT SCENARIO (HS CODE 2814) 66
5.11.2 EXPORT SCENARIO (HS CODE 2814) 68
5.12 REGULATORY LANDSCAPE 69
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69
5.12.2 REGULATORY FRAMEWORK 72
5.13 PORTER’S FIVE FORCES ANALYSIS 73
5.13.1 THREAT OF NEW ENTRANTS 75
5.13.2 THREAT OF SUBSTITUTES 75
5.13.3 BARGAINING POWER OF SUPPLIERS 75
5.13.4 BARGAINING POWER OF BUYERS 75
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 75
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 76
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 76
5.14.2 BUYING CRITERIA 76
5.15 INVESTMENT AND FUNDING SCENARIO 77
5.16 IMPACT OF AI/GEN AI ON E-FUELS MARKET 78
5.16.1 ADOPTION OF AI/GEN AI IN E-FUEL APPLICATIONS 78
5.16.2 IMPACT OF AI/GEN AI ON E-FUEL SUPPLY CHAIN, BY REGION 78
5.17 GLOBAL MACROECONOMIC OUTLOOK 79
5.17.1 INTRODUCTION 79
5.17.2 FOCUS ON CARBON-NEUTRAL MOBILITY AND INDUSTRY 79
5.17.3 TECHNOLOGICAL ADVANCEMENTS 79
5.17.4 FINANCING AND GOVERNMENT POLICY SUPPORT 79
5.17.5 HIGH CAPEX AMID INFLATION 79
5.18 IMPACT OF 2025 US TARIFF ON E-FUELS MARKET 80
5.18.1 INTRODUCTION 80
5.18.2 KEY TARIFF RATES 80
5.18.3 PRICE IMPACT ANALYSIS 81
5.18.4 IMPACT ON COUNTRIES/REGIONS 82
5.18.4.1 US 82
5.18.4.2 Europe 83
5.18.4.3 Asia Pacific 84
5.18.5 IMPACT ON IMPORTS/EXPORTS 85
5.18.6 TARIFF SHIFTS AND QATAR ENERGY’S GROWTH IN GLOBAL E-FUELS SPACE 85
5.18.7 IMPACT ON END USES 85
6 RENEWABLE SOURCES USED IN E-FUEL PRODUCTION 87
6.1 INTRODUCTION 87
6.2 SOLAR ENERGY 88
6.3 WIND ENERGY 88
6.4 HYDROPOWER 89
7 E-FUELS MARKET, BY TYPE 90
7.1 INTRODUCTION 91
7.2 E-METHANE 93
7.2.1 HIGH ADAPTABILITY AND COST-EFFECTIVENESS FOR LARGE-SCALE ADOPTION TO FUEL SEGMENTAL GROWTH 93
7.3 E-METHANOL 95
7.3.1 SURGING DEMAND FOR GREEN MARINE FUELS AND CHEMICAL FEEDSTOCKS TO ACCELERATE SEGMENTAL GROWTH 95
7.4 E-AMMONIA 97
7.4.1 GROWING EMPHASIS ON SUSTAINABILITY IN FERTILIZER SECTOR TO BOLSTER SEGMENTAL GROWTH 97
7.5 E-GASOLINE 99
7.5.1 RISING IMPLEMENTATION OF CARBON PRICING AND RENEWABLE FUEL MANDATES TO EXPEDITE SEGMENTAL GROWTH 99
7.6 E-KEROSENE 100
7.6.1 ABILITY TO REDUCE LIFECYCLE GREENHOUSE GAS EMISSIONS TO CONTRIBUTE TO SEGMENTAL GROWTH 100
7.7 E-DIESEL 102
7.7.1 INCREASING REGULATORY PRESSURE TO CURB EMISSIONS FROM HEAVY-DUTY VEHICLES TO AUGMENT SEGMENTAL GROWTH 102
8 E-FUELS MARKET, BY STATE 105
8.1 INTRODUCTION 106
8.2 GASEOUS (POWER-TO-GAS) 107
8.2.1 ABILITY TO SUPPORT DECARBONIZATION EFFORTS ACROSS POWER GENERATION AND INDUSTRIAL SECTORS TO DRIVE MARKET 107
8.3 LIQUID (POWER-TO-LIQUID) 108
8.3.1 STRONG FOCUS ON SUSTAINABILITY, ENERGY SECURITY, AND EMISSION REDUCTION TO AUGMENT SEGMENTAL GROWTH 108
9 E-FUELS MARKET, BY APPLICATION 110
9.1 INTRODUCTION 111
9.2 FUEL 112
9.2.1 IMPLEMENTATION OF STRINGENT EMISSION REGULATIONS TO CONTRIBUTE TO SEGMENTAL GROWTH 112
9.3 NON-FUEL 113
9.3.1 INDUSTRIAL DECARBONIZATION AND GREEN CHEMICAL DEMAND TO BOOST SEGMENTAL GROWTH 113
10 E-FUELS MARKET, BY END USE 114
10.1 INTRODUCTION 115
10.2 TRANSPORTATION 116
10.2.1 GROWING EMPHASIS ON ACHIEVING NET-ZERO EMISSIONS TO FOSTER SEGMENTAL GROWTH 116
10.2.1.1 Automotive 119
10.2.1.2 Marine 119
10.2.1.3 Aviation 119
10.3 CHEMICALS 120
10.3.1 INCREASING DEVELOPMENT OF LOW-CARBON OR CLIMATE-NEUTRAL INGREDIENTS TO ACCELERATE SEGMENTAL GROWTH 120
10.4 POWER GENERATION 123
10.4.1 RISING INTEGRATION OF E-METHANE INTO ENERGY MIXES TO BALANCE INTERMITTENT RENEWABLES TO DRIVE MARKET 123
10.5 GRID INJECTION 126
10.5.1 GROWING FOCUS ON SYSTEMIC DECARBONIZATION OF THERMAL ENERGY NETWORKS TO BOLSTER SEGMENTAL GROWTH 126
10.6 OTHER END USES 129
11 E-FUELS MARKET, BY REGION 133
11.1 INTRODUCTION 134
11.2 EUROPE 136
11.2.1 GERMANY 141
11.2.1.1 High preference for renewable synthetic fuels to contribute to market growth 141
11.2.2 NORWAY 142
11.2.2.1 Growing emphasis on producing sustainable aviation fuels to boost market growth 142
11.2.3 UK 143
11.2.3.1 Rising implementation of clean ammonia and synthetic fuel projects to drive market 143
11.2.4 DENMARK 144
11.2.4.1 Increasing focus on reducing carbon dioxide emissions to foster market growth 144
11.2.5 SWEDEN 145
11.2.5.1 Growing consumption of renewable electricity to accelerate market growth 145
11.2.6 REST OF EUROPE 146
11.3 ASIA PACIFIC 147
11.3.1 CHINA 152
11.3.1.1 Mounting demand for clean fuels to achieve carbon neutrality to augment market growth 152
11.3.2 AUSTRALIA 153
11.3.2.1 Abundant renewable energy resources to contribute to market growth 153
11.3.3 INDIA 154
11.3.3.1 Rapid transition toward clean energy to meet decarbonization goals to create lucrative market growth opportunities 154
11.3.4 REST OF ASIA PACIFIC 155
11.4 NORTH AMERICA 156
11.4.1 US 159
11.4.1.1 Rising development of local supply chains for clean energy to expedite market growth 159
11.4.2 CANADA 160
11.4.2.1 Growing focus on sustainable aviation and low-carbon synthetic fuels to boost market growth 160
11.5 ROW 161
11.5.1 MIDDLE EAST & AFRICA 165
11.5.1.1 Strong focus on diversifying oil-dependent economies to foster market growth 165
11.5.2 SOUTH AMERICA 166
11.5.2.1 Burgeoning demand for low-carbon fuels to accelerate market growth 166
12 COMPETITIVE LANDSCAPE 168
12.1 INTRODUCTION 168
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2025 168
12.3 REVENUE ANALYSIS, 2020–2024 171
12.4 MARKET SHARE ANALYSIS, 2024 172
12.5 COMPANY VALUATION AND FINANCIAL METRICS 175
12.6 PRODUCT COMPARISON 176
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 176
12.7.1 STARS 176
12.7.2 EMERGING LEADERS 177
12.7.3 PERVASIVE PLAYERS 177
12.7.4 PARTICIPANTS 177
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 178
12.7.5.1 Company footprint 178
12.7.5.2 Region footprint 179
12.7.5.3 Type footprint 180
12.7.5.4 State footprint 181
12.7.5.5 Application footprint 182
12.7.5.6 End use footprint 183
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 184
12.8.1 PROGRESSIVE COMPANIES 184
12.8.2 RESPONSIVE COMPANIES 184
12.8.3 DYNAMIC COMPANIES 184
12.8.4 STARTING BLOCKS 184
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024 186
12.8.5.1 Detailed list of key startups/SMEs 186
12.8.5.2 Competitive benchmarking of key startups/SMEs 187
12.9 COMPETITIVE SCENARIO 188
12.9.1 DEALS 188
12.9.2 EXPANSIONS 189
12.9.3 OTHER DEVELOPMENTS 190
13 COMPANY PROFILES 192
13.1 KEY PLAYERS 192
13.1.1 SAUDI ARABIAN OIL CO. 192
13.1.1.1 Business overview 192
13.1.1.2 Products/Solutions/Services offered 193
13.1.1.3 Recent developments 194
13.1.1.3.1 Deals 194
13.1.1.4 MnM view 194
13.1.1.4.1 Key strengths/Right to win 194
13.1.1.4.2 Strategic choices 194
13.1.1.4.3 Weaknesses/Competitive threats 194
13.1.2 AUDI AG 195
13.1.2.1 Business overview 195
13.1.2.2 Products/Solutions/Services offered 196
13.1.2.3 MnM view 196
13.1.2.3.1 Key strengths/Right to win 196
13.1.2.3.2 Strategic choices 196
13.1.2.3.3 Weaknesses/Competitive threats 196
13.1.3 REPSOL 197
13.1.3.1 Business overview 197
13.1.3.2 Products/Solutions/Services offered 198
13.1.3.3 Recent developments 199
13.1.3.3.1 Deals 199
13.1.3.3.2 Expansions 200
13.1.3.3.3 Other developments 200
13.1.3.4 MnM view 201
13.1.3.4.1 Key strengths/Right to win 201
13.1.3.4.2 Strategic choices 201
13.1.3.4.3 Weaknesses/Competitive threats 201
13.1.4 SUNFIRE SE 202
13.1.4.1 Business overview 202
13.1.4.2 Products/Solutions/Services offered 202
13.1.4.3 Recent developments 203
13.1.4.3.1 Deals 203
13.1.4.4 MnM view 203
13.1.4.4.1 Key strengths/Right to win 203
13.1.4.4.2 Strategic choices 203
13.1.4.4.3 Weaknesses/Competitive threats 203
13.1.5 ELECTROCHAEA GMBH 204
13.1.5.1 Business overview 204
13.1.5.2 Products/Solutions/Services offered 204
13.1.5.3 Recent developments 205
13.1.5.3.1 Deals 205
13.1.5.3.2 Expansions 206
13.1.5.4 MnM view 207
13.1.5.4.1 Key strengths/Right to win 207
13.1.5.4.2 Strategic choices 207
13.1.5.4.3 Weaknesses/Competitive threats 207
13.1.6 UNIPER SE 208
13.1.6.1 Business overview 208
13.1.6.2 Products/Solutions/Services offered 209
13.1.6.3 Recent developments 210
13.1.6.3.1 Deals 210
13.1.6.3.2 Other developments 211
13.1.7 ØRSTED A/S 212
13.1.7.1 Business overview 212
13.1.7.2 Products/Solutions/Services offered 213
13.1.7.3 Recent developments 214
13.1.7.3.1 Deals 214
13.1.8 YARA 215
13.1.8.1 Business overview 215
13.1.8.2 Products/Solutions/Services offered 216
13.1.8.3 Recent developments 217
13.1.8.3.1 Deals 217
13.1.8.3.2 Expansions 217
13.1.9 PERSTORP 218
13.1.9.1 Business overview 218
13.1.9.2 Products/Solutions/Services offered 218
13.1.9.3 Recent developments 219
13.1.9.3.1 Deals 219
13.1.9.3.2 Expansions 219
13.1.9.3.3 Other developments 220
13.1.10 HIF GLOBAL 221
13.1.10.1 Business overview 221
13.1.10.2 Products/Solutions/Services offered 221
13.1.10.3 Recent developments 222
13.1.10.3.1 Deals 222
13.1.10.3.2 Other developments 224
13.1.11 INFINIUM 225
13.1.11.1 Business overview 225
13.1.11.2 Products/Solutions/Services offered 225
13.1.11.3 Recent developments 226
13.1.11.3.1 Deals 226
13.1.11.3.2 Expansions 227
13.1.11.3.3 Other developments 228
13.1.12 INERATEC GMBH 229
13.1.12.1 Business overview 229
13.1.12.2 Products/Solutions/Services offered 229
13.1.12.3 Recent developments 230
13.1.12.3.1 Deals 230
13.1.12.3.2 Expansions 232
13.1.12.3.3 Other developments 232
13.1.13 LIQUID WIND 233
13.1.13.1 Business overview 233
13.1.13.2 Products/Solutions/Services offered 233
13.1.13.3 Recent developments 234
13.1.13.3.1 Deals 234
13.1.13.3.2 Expansions 235
13.1.14 NORSK E-FUEL 236
13.1.14.1 Business overview 236
13.1.14.2 Products/Solutions/Services offered 236
13.1.14.3 Recent developments 237
13.1.14.3.1 Deals 237
13.1.15 NORDIC ELECTROFUEL 239
13.1.15.1 Business overview 239
13.1.15.2 Products/Solutions/Services offered 239
13.1.15.3 Recent developments 240
13.1.15.3.1 Deals 240
13.1.15.3.2 Expansions 240
13.1.15.3.3 Other developments 241
13.1.16 EUROPEAN ENERGY 242
13.1.16.1 Business overview 242
13.1.16.2 Products/Solutions/Services offered 243
13.1.16.3 Recent developments 244
13.1.16.3.1 Deals 244
13.1.16.3.2 Expansions 245
13.2 OTHER PLAYERS 246
13.2.1 CARBON RECYCLING INTERNATIONAL 246
13.2.2 SYNHELION AG 247
13.2.3 ARCADIA EFUELS 248
13.2.4 SKYNRG 249
13.2.5 NATRAN 250
13.2.6 SKOVGAARD ENERGY 251
13.2.7 NESTE 252
13.2.8 TURN2X 252
13.2.9 P2X-EUROPE GMBH & CO. KG 253
14 APPENDIX 254
14.1 INSIGHTS FROM INDUSTRY EXPERTS 254
14.2 DISCUSSION GUIDE 255
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 258
14.4 CUSTOMIZATION OPTIONS 260
14.5 RELATED REPORTS 260
14.6 AUTHOR DETAILS 261
LIST OF TABLES
TABLE 1 INCLUSIONS AND EXCLUSIONS IN E-FUELS MARKET REPORT 26
TABLE 2 MAJOR SECONDARY SOURCES 30
TABLE 3 PRIMARY INTERVIEW PARTICIPANT DETAILS, BY COMPANY 31
TABLE 4 DATA CAPTURED FROM PRIMARY SOURCES 33
TABLE 5 E-FUELS MARKET: RISK ANALYSIS 40
TABLE 6 E-FUELS MARKET SNAPSHOT 41
TABLE 7 ROLE OF COMPANIES IN E-FUELS ECOSYSTEM 57
TABLE 8 LIST OF KEY PATENTS, 2019–2024 63
TABLE 9 LIST OF KEY CONFERENCES AND EVENTS, 2025–2026 64
TABLE 10 AVERAGE SELLING PRICE TREND OF E-FUELS, BY TYPE, 2022–2024 (USD/LITER) 65
TABLE 11 AVERAGE SELLING PRICE TREND OF E-FUELS, BY REGION,
2022–2024 (USD/LITER) 66
TABLE 12 IMPORT DATA FOR HS CODE 2814-COMPLIANT PRODUCTS, BY COUNTRY,
2020–2024 (USD THOUSAND) 67
TABLE 13 EXPORT DATA FOR HS CODE 2814-COMPLIANT PRODUCTS, BY COUNTRY,
2020–2024 (USD THOUSAND) 68
TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 69
TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 70
TABLE 16 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 71
TABLE 17 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
TABLE 18 REGULATORY FRAMEWORK IN EUROPE 72
TABLE 19 REGULATORY FRAMEWORK IN NORTH AMERICA 72
TABLE 20 REGULATORY FRAMEWORK IN ASIA PACIFIC 73
TABLE 21 IMPACT OF PORTER’S FIVE FORCES 74
TABLE 22 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR
TOP THREE END USES (%) 76
TABLE 23 KEY BUYING CRITERIA FOR TOP THREE END USES 77
TABLE 24 US-ADJUSTED RECIPROCAL TARIFF RATES, 2024 (USD BILLION) 80
TABLE 25 EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON STATION
TYPES DUE TO TARIFF 81
TABLE 26 E-FUELS MARKET, BY TYPE, 2022–2024 (USD MILLION) 91
TABLE 27 E-FUELS MARKET, BY TYPE, 2025–2030 (USD MILLION) 92
TABLE 28 E-FUELS MARKET, BY TYPE, 2022–2024 (MILLION LITERS) 92
TABLE 29 E-FUELS MARKET, BY TYPE, 2025–2030 (MILLION LITERS) 93
TABLE 30 E-METHANE: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 94
TABLE 31 E-METHANE: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 94
TABLE 32 E-METHANE: E-FUELS MARKET, BY REGION, 2022–2024 (MILLION LITERS) 94
TABLE 33 E-METHANE: E-FUELS MARKET, BY REGION, 2025–2030 (MILLION LITERS) 95
TABLE 34 E-METHANOL: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 96
TABLE 35 E-METHANOL: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 96
TABLE 36 E-METHANOL: E-FUELS MARKET, BY REGION, 2022–2024 (MILLION LITERS) 96
TABLE 37 E-METHANOL: E-FUELS MARKET, BY REGION, 2025–2030 (MILLION LITERS) 96
TABLE 38 E-AMMONIA: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 97
TABLE 39 E-AMMONIA: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 98
TABLE 40 E-AMMONIA: E-FUELS MARKET, BY REGION, 2022–2024 (MILLION LITERS) 98
TABLE 41 E-AMMONIA: E-FUELS MARKET, BY REGION, 2025–2030 (MILLION LITERS) 98
TABLE 42 E-GASOLINE: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 99
TABLE 43 E-GASOLINE: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 99
TABLE 44 E-GASOLINE: E-FUELS MARKET, BY REGION, 2022–2024 (MILLION LITERS) 100
TABLE 45 E-GASOLINE: E-FUELS MARKET, BY REGION, 2025–2030 (MILLION LITERS) 100
TABLE 46 E-KEROSENE: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 101
TABLE 47 E-KEROSENE: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 101
TABLE 48 E-KEROSENE: E-FUELS MARKET, BY REGION, 2022–2024 (MILLION LITERS) 101
TABLE 49 E-KEROSENE: E-FUELS MARKET, BY REGION, 2025–2030 (MILLION LITERS) 102
TABLE 50 E-DIESEL: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 103
TABLE 51 E-DIESEL: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 103
TABLE 52 E-DIESEL: E-FUELS MARKET, BY REGION, 2022–2024 (MILLION LITERS) 103
TABLE 53 E-DIESEL: E-FUELS MARKET, BY REGION, 2025–2030 (MILLION LITERS) 104
TABLE 54 E-FUELS MARKET, BY STATE, 2022–2024 (USD MILLION) 106
TABLE 55 E-FUELS MARKET, BY STATE, 2025–2030 (USD MILLION) 106
TABLE 56 GASEOUS (POWER-TO-GAS): E-FUELS MARKET, BY REGION,
2022–2024 (USD MILLION) 107
TABLE 57 GASEOUS (POWER-TO-GAS): E-FUELS MARKET, BY REGION,
2025–2030 (USD MILLION) 107
TABLE 58 LIQUID (POWER-TO-LIQUID): E-FUELS MARKET, BY REGION,
2022–2024 (USD MILLION) 108
TABLE 59 LIQUID (POWER-TO-LIQUID): E-FUELS MARKET, BY REGION,
2025–2030 (USD MILLION) 108
TABLE 60 E-FUELS MARKET, BY APPLICATION, 2022–2024 (USD MILLION) 111
TABLE 61 E-FUELS MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 111
TABLE 62 FUEL: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 112
TABLE 63 FUEL: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 112
TABLE 64 NON-FUEL: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 113
TABLE 65 NON-FUEL: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 113
TABLE 66 E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 115
TABLE 67 E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 116
TABLE 68 TRANSPORTATION: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 116
TABLE 69 TRANSPORTATION: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 117
TABLE 70 TRANSPORTATION: E-FUELS MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2024 (USD MILLION) 117
TABLE 71 TRANSPORTATION: E-FUELS MARKET IN NORTH AMERICA, BY COUNTRY,
2025–2030 (USD MILLION) 117
TABLE 72 TRANSPORTATION: E-FUELS MARKET IN ASIA PACIFIC, BY COUNTRY,
2022–2024 (USD MILLION) 117
TABLE 73 TRANSPORTATION: E-FUELS MARKET IN ASIA PACIFIC, BY COUNTRY,
2025–2030 (USD MILLION) 118
TABLE 74 TRANSPORTATION: E-FUELS MARKET IN EUROPE, BY COUNTRY,
2022–2024 (USD MILLION) 118
TABLE 75 TRANSPORTATION: E-FUELS MARKET IN EUROPE, BY COUNTRY,
2025–2030 (USD MILLION) 118
TABLE 76 TRANSPORTATION: E-FUELS MARKET IN ROW, BY REGION,
2022–2024 (USD MILLION) 119
TABLE 77 TRANSPORTATION: E-FUELS MARKET IN ROW, BY REGION,
2025–2030 (USD MILLION) 119
TABLE 78 CHEMICALS: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 120
TABLE 79 CHEMICALS: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 120
TABLE 80 CHEMICALS: E-FUELS MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2024 (USD MILLION) 121
TABLE 81 CHEMICALS: E-FUELS MARKET IN NORTH AMERICA, BY COUNTRY,
2025–2030 (USD MILLION) 121
TABLE 82 CHEMICALS: E-FUELS MARKET IN ASIA PACIFIC, BY COUNTRY,
2022–2024 (USD MILLION) 121
TABLE 83 CHEMICALS: E-FUELS MARKET IN ASIA PACIFIC, BY COUNTRY,
2025–2030 (USD MILLION) 121
TABLE 84 CHEMICALS: E-FUELS MARKET IN EUROPE, BY COUNTRY,
2022–2024 (USD MILLION) 122
TABLE 85 CHEMICALS: E-FUELS MARKET IN EUROPE, BY COUNTRY,
2025–2030 (USD MILLION) 122
TABLE 86 CHEMICALS: E-FUELS MARKET IN ROW, BY REGION, 2022–2024 (USD MILLION) 122
TABLE 87 CHEMICALS: E-FUELS MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION) 122
TABLE 88 POWER GENERATION: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 123
TABLE 89 POWER GENERATION: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 123
TABLE 90 POWER GENERATION: E-FUELS MARKET IN NORTH AMERICA,
BY COUNTRY, 2022–2024 (USD MILLION) 124
TABLE 91 POWER GENERATION: E-FUELS MARKET IN NORTH AMERICA,
BY COUNTRY, 2025–2030 (USD MILLION) 124
TABLE 92 POWER GENERATION: E-FUELS MARKET IN ASIA PACIFIC, BY COUNTRY,
2022–2024 (USD MILLION) 124
TABLE 93 POWER GENERATION: E-FUELS MARKET IN ASIA PACIFIC, BY COUNTRY,
2025–2030 (USD MILLION) 124
TABLE 94 POWER GENERATION: E-FUELS MARKET IN EUROPE, BY COUNTRY,
2022–2024 (USD MILLION) 125
TABLE 95 POWER GENERATION: E-FUELS MARKET IN EUROPE, BY COUNTRY,
2025–2030 (USD MILLION) 125
TABLE 96 POWER GENERATION: E-FUELS MARKET IN ROW, BY REGION,
2022–2024 (USD MILLION) 125
TABLE 97 POWER GENERATION: E-FUELS MARKET IN ROW, BY REGION,
2025–2030 (USD MILLION) 126
TABLE 98 GRID INJECTION: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 126
TABLE 99 GRID INJECTION: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 127
TABLE 100 GRID INJECTION: E-FUELS MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2024 (USD MILLION) 127
TABLE 101 GRID INJECTION: E-FUELS MARKET IN NORTH AMERICA, BY COUNTRY,
2025–2030 (USD MILLION) 127
TABLE 102 GRID INJECTION: E-FUELS MARKET IN ASIA PACIFIC, BY COUNTRY,
2022–2024 (USD MILLION) 127
TABLE 103 GRID INJECTION: E-FUELS MARKET IN ASIA PACIFIC, BY COUNTRY,
2025–2030 (USD MILLION) 128
TABLE 104 GRID INJECTION: E-FUELS MARKET IN EUROPE, BY COUNTRY,
2022–2024 (USD MILLION) 128
TABLE 105 GRID INJECTION: E-FUELS MARKET IN EUROPE, BY COUNTRY,
2025–2030 (USD MILLION) 128
TABLE 106 GRID INJECTION: E-FUELS MARKET IN ROW, BY REGION,
2022–2024 (USD MILLION) 129
TABLE 107 GRID INJECTION: E-FUELS MARKET IN ROW, BY REGION,
2025–2030 (USD MILLION) 129
TABLE 108 OTHER END USES: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 129
TABLE 109 OTHER END USES: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 130
TABLE 110 OTHER END USES: E-FUELS MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2024 (USD MILLION) 130
TABLE 111 OTHER END USES: E-FUELS MARKET IN NORTH AMERICA, BY COUNTRY,
2025–2030 (USD MILLION) 130
TABLE 112 OTHER END USES: E-FUELS MARKET IN ASIA PACIFIC, BY COUNTRY,
2022–2024 (USD MILLION) 130
TABLE 113 OTHER END USES: E-FUELS MARKET IN ASIA PACIFIC, BY COUNTRY,
2025–2030 (USD MILLION) 131
TABLE 114 OTHER END USES: E-FUELS MARKET IN EUROPE, BY COUNTRY,
2022–2024 (USD MILLION) 131
TABLE 115 OTHER END USES: E-FUELS MARKET IN EUROPE, BY COUNTRY,
2025–2030 (USD MILLION) 131
TABLE 116 OTHER END USES: E-FUELS MARKET IN ROW, BY REGION,
2022–2024 (USD MILLION) 132
TABLE 117 OTHER END USES: E-FUELS MARKET IN ROW, BY REGION,
2025–2030 (USD MILLION) 132
TABLE 118 E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 135
TABLE 119 E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 135
TABLE 120 E-FUELS MARKET, BY REGION, 2022–2024 (MILLION LITERS) 135
TABLE 121 E-FUELS MARKET, BY REGION, 2025–2030 (MILLION LITERS) 136
TABLE 122 EUROPE: E-FUELS MARKET, BY STATE, 2022–2024 (USD MILLION) 137
TABLE 123 EUROPE: E-FUELS MARKET, BY STATE, 2025–2030 (USD MILLION) 137
TABLE 124 EUROPE: E-FUELS MARKET, BY TYPE, 2022–2024 (USD MILLION) 138
TABLE 125 EUROPE: E-FUELS MARKET, BY TYPE, 2025–2030 (USD MILLION) 138
TABLE 126 EUROPE: E-FUELS MARKET, BY TYPE, 2022–2024 (MILLION LITERS) 138
TABLE 127 EUROPE: E-FUELS MARKET, BY TYPE, 2025–2030 (MILLION LITERS) 139
TABLE 128 EUROPE: E-FUELS MARKET, BY APPLICATION, 2022–2024 (USD MILLION) 139
TABLE 129 EUROPE: E-FUELS MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 139
TABLE 130 EUROPE: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 139
TABLE 131 EUROPE: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 140
TABLE 132 EUROPE: E-FUELS MARKET, BY COUNTRY, 2022–2024 (USD MILLION) 140
TABLE 133 EUROPE: E-FUELS MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 140
TABLE 134 GERMANY: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 141
TABLE 135 GERMANY: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 142
TABLE 136 NORWAY: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 142
TABLE 137 NORWAY: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 143
TABLE 138 UK: E-FUELS MARKET, BY END-USE, 2022–2024 (USD MILLION) 143
TABLE 139 UK: E-FUELS MARKET, BY END-USE, 2025–2030 (USD MILLION) 144
TABLE 140 DENMARK: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 145
TABLE 141 DENMARK: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 145
TABLE 142 SWEDEN: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 146
TABLE 143 SWEDEN: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 146
TABLE 144 REST OF EUROPE: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 147
TABLE 145 REST OF EUROPE: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 147
TABLE 146 ASIA PACIFIC: E-FUELS MARKET, BY STATE, 2022–2024 (USD MILLION) 148
TABLE 147 ASIA PACIFIC: E-FUELS MARKET, BY STATE, 2025–2030 (USD MILLION) 148
TABLE 148 ASIA PACIFIC: E-FUELS MARKET, BY TYPE, 2022–2024 (USD MILLION) 149
TABLE 149 ASIA PACIFIC: E-FUELS MARKET, BY TYPE, 2025–2030 (USD MILLION) 149
TABLE 150 ASIA PACIFIC: E-FUELS MARKET, BY TYPE, 2022–2024 (MILLION LITERS) 149
TABLE 151 ASIA PACIFIC: E-FUELS MARKET, BY TYPE, 2025–2030 (MILLION LITERS) 150
TABLE 152 ASIA PACIFIC: E-FUELS MARKET, BY APPLICATION, 2022–2024 (USD MILLION) 150
TABLE 153 ASIA PACIFIC: E-FUELS MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 150
TABLE 154 ASIA PACIFIC: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 150
TABLE 155 ASIA PACIFIC: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 151
TABLE 156 ASIA PACIFIC: E-FUELS MARKET, BY COUNTRY, 2022–2024 (USD MILLION) 151
TABLE 157 ASIA PACIFIC: E-FUELS MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 151
TABLE 158 CHINA: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 152
TABLE 159 CHINA: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 152
TABLE 160 AUSTRALIA: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 153
TABLE 161 AUSTRALIA: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 153
TABLE 162 INDIA: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 154
TABLE 163 INDIA: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 154
TABLE 164 REST OF ASIA PACIFIC: E-FUELS MARKET, BY END USE,
2022–2024 (USD MILLION) 155
TABLE 165 REST OF ASIA PACIFIC: E-FUELS MARKET, BY END USE,
2025–2030 (USD MILLION) 155
TABLE 166 NORTH AMERICA: E-FUELS MARKET, BY STATE, 2022–2024 (USD MILLION) 156
TABLE 167 NORTH AMERICA: E-FUELS MARKET, BY STATE, 2025–2030 (USD MILLION) 156
TABLE 168 NORTH AMERICA: E-FUELS MARKET, BY TYPE, 2022–2024 (USD MILLION) 156
TABLE 169 NORTH AMERICA: E-FUELS MARKET, BY TYPE, 2025–2030 (USD MILLION) 157
TABLE 170 NORTH AMERICA: E-FUELS MARKET, BY TYPE, 2022–2024 (MILLION LITERS) 157
TABLE 171 NORTH AMERICA: E-FUELS MARKET, BY TYPE, 2025–2030 (MILLION LITERS) 157
TABLE 172 NORTH AMERICA: E-FUELS MARKET, BY APPLICATION, 2022–2024 (USD MILLION) 158
TABLE 173 NORTH AMERICA: E-FUELS MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 158
TABLE 174 NORTH AMERICA: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 158
TABLE 175 NORTH AMERICA: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 158
TABLE 176 NORTH AMERICA: E-FUELS MARKET, BY COUNTRY, 2022–2024 (USD MILLION) 159
TABLE 177 NORTH AMERICA: E-FUELS MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 159
TABLE 178 US: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 160
TABLE 179 US: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 160
TABLE 180 CANADA: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 161
TABLE 181 CANADA: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 161
TABLE 182 ROW: E-FUELS MARKET, BY STATE, 2022–2024 (USD MILLION) 162
TABLE 183 ROW: E-FUELS MARKET, BY STATE, 2025–2030 (USD MILLION) 162
TABLE 184 ROW: E-FUELS MARKET, BY TYPE, 2022–2024 (USD MILLION) 162
TABLE 185 ROW: E-FUELS MARKET, BY TYPE, 2025–2030 (USD MILLION) 163
TABLE 186 ROW: E-FUELS MARKET, BY TYPE, 2022–2024 (MILLION LITERS) 163
TABLE 187 ROW: E-FUELS MARKET, BY TYPE, 2025–2030 (MILLION LITERS) 163
TABLE 188 ROW: E-FUELS MARKET, BY APPLICATION, 2022–2024 (USD MILLION) 164
TABLE 189 ROW: E-FUELS MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 164
TABLE 190 ROW: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 164
TABLE 191 ROW: E-FUELS MARKET, BY END USE, 2025–2030 (USD MILLION) 164
TABLE 192 ROW: E-FUELS MARKET, BY REGION, 2022–2024 (USD MILLION) 165
TABLE 193 ROW: E-FUELS MARKET, BY REGION, 2025–2030 (USD MILLION) 165
TABLE 194 MIDDLE EAST & AFRICA: E-FUELS MARKET, BY END USE,
2022–2024 (USD MILLION) 166
TABLE 195 MIDDLE EAST & AFRICA: E-FUELS MARKET, BY END USE,
2025–2030 (USD MILLION) 166
TABLE 196 SOUTH AMERICA: E-FUELS MARKET, BY END USE, 2022–2024 (USD MILLION) 167
TABLE 197 SOUTH AMERICA: E-FUELS MARKET, BY END-USE, 2025–2030 (USD MILLION) 167
TABLE 198 E-FUELS MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, JANUARY 2020–JULY 2025 168
TABLE 199 E-FUELS MARKET: DEGREE OF COMPETITION, 2024 172
TABLE 200 E-FUELS MARKET: REGION FOOTPRINT 179
TABLE 201 E-FUELS MARKET: TYPE FOOTPRINT 180
TABLE 202 E-FUELS MARKET: STATE FOOTPRINT 181
TABLE 203 E-FUELS MARKET: APPLICATION FOOTPRINT 182
TABLE 204 E-FUELS MARKET: END USE FOOTPRINT 183
TABLE 205 E-FUELS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 186
TABLE 206 E-FUELS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 187
TABLE 207 E-FUELS MARKET: DEALS, JANUARY 2020–JULY 2025 188
TABLE 208 E-FUELS MARKET: EXPANSIONS, JANUARY 2020–JULY 2025 189
TABLE 209 E-FUELS MARKET: OTHER DEVELOPMENTS, JANUARY 2020–JULY 2025 190
TABLE 210 SAUDI ARABIAN OIL CO.: COMPANY OVERVIEW 192
TABLE 211 SAUDI ARABIAN OIL CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 193
TABLE 212 SAUDI ARABIAN OIL CO.: DEALS 194
TABLE 213 AUDI AG: COMPANY OVERVIEW 195
TABLE 214 AUDI AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 196
TABLE 215 REPSOL: COMPANY OVERVIEW 197
TABLE 216 REPSOL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 198
TABLE 217 REPSOL: DEALS 199
TABLE 218 REPSOL: EXPANSIONS 200
TABLE 219 REPSOL: OTHER DEVELOPMENTS 200
TABLE 220 SUNFIRE SE: COMPANY OVERVIEW 202
TABLE 221 SUNFIRE SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 202
TABLE 222 SUNFIRE SE: DEALS 203
TABLE 223 ELECTROCHAEA GMBH: COMPANY OVERVIEW 204
TABLE 224 ELECTROCHAEA GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 204
TABLE 225 ELECTROCHAEA GMBH: DEALS 205
TABLE 226 ELECTROCHAEA GMBH: EXPANSIONS 206
TABLE 227 UNIPER SE: COMPANY OVERVIEW 208
TABLE 228 UNIPER SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209
TABLE 229 UNIPER SE: DEALS 210
TABLE 230 UNIPER SE: OTHER DEVELOPMENTS 211
TABLE 231 ØRSTED A/S: COMPANY OVERVIEW 212
TABLE 232 ØRSTED A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED 213
TABLE 233 ØRSTED A/S: DEALS 214
TABLE 234 YARA: COMPANY OVERVIEW 215
TABLE 235 YARA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
TABLE 236 YARA: DELAS 217
TABLE 237 YARA: EXPANSIONS 217
TABLE 238 PERSTORP: COMPANY OVERVIEW 218
TABLE 239 PERSTORP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 218
TABLE 240 PERSTORP: DEALS 219
TABLE 241 PERSTORP: EXPANSIONS 219
TABLE 242 PERSTORP: OTHER DEVELOPMENTS 220
TABLE 243 HIF GLOBAL: COMPANY OVERVIEW 221
TABLE 244 HIF GLOBAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 221
TABLE 245 HIF GLOBAL: DEALS 222
TABLE 246 HIF GLOBAL: OTHER DEVELOPMENTS 224
TABLE 247 INFINIUM: COMPANY OVERVIEW 225
TABLE 248 INFINIUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 225
TABLE 249 INFINIUM: DEALS 226
TABLE 250 INFINIUM: EXPANSIONS 227
TABLE 251 INFINIUM: OTHER DEVELOPMENTS 228
TABLE 252 INERATEC GMBH: COMPANY OVERVIEW 229
TABLE 253 INERATEC GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 254 INERATEC GMBH: DEALS 230
TABLE 255 INERATEC GMBH: EXPANSIONS 232
TABLE 256 INERATEC GMBH: OTHER DEVELOPMENTS 232
TABLE 257 LIQUID WIND: COMPANY OVERVIEW 233
TABLE 258 LIQUID WIND: PRODUCTS/SOLUTIONS/SERVICES OFFERED 233
TABLE 259 LIQUID WIND: DEALS 234
TABLE 260 LIQUID WIND: EXPANSIONS 235
TABLE 261 NORSK E-FUEL: COMPANY OVERVIEW 236
TABLE 262 NORSK E-FUEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 236
TABLE 263 NORSK E-FUEL: DEALS 237
TABLE 264 NORDIC ELECTROFUEL: COMPANY OVERVIEW 239
TABLE 265 NORDIC ELECTROFUEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 239
TABLE 266 NORDIC ELECTROFUEL: DEALS 240
TABLE 267 NORDIC ELECTROFUEL: EXPANSIONS 240
TABLE 268 NORDIC ELECTROFUEL: OTHER DEVELOPMENTS 241
TABLE 269 EUROPEAN ENERGY: COMPANY OVERVIEW 242
TABLE 270 EUROPEAN ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 243
TABLE 271 EUROPEAN ENERGY: DEALS 244
TABLE 272 EUROPEAN ENERGY: EXPANSIONS 245
TABLE 273 CARBON RECYCLING INTERNATIONAL: COMPANY OVERVIEW 246
TABLE 274 SYNHELION AG: COMPANY OVERVIEW 247
TABLE 275 ARCADIA EFUELS: COMPANY OVERVIEW 248
TABLE 276 SKKYNRG: COMPANY OVERVIEW 249
TABLE 277 NATRAN: COMPANY OVERVIEW 250
TABLE 278 SKOVGAARD ENERGY: COMPANY OVERVIEW 251
TABLE 279 NESTE: COMPANY OVERVIEW 252
TABLE 280 TURN2X: COMPANY OVERVIEW 252
TABLE 281 P2X-EUROPE GMBH & CO. KG: COMPANY OVERVIEW 253
LIST OF FIGURES
FIGURE 1 E-FUELS MARKET SEGMENTATION AND REGIONAL SCOPE 25
FIGURE 2 DURATION CONSIDERED 27
FIGURE 3 E-FUELS MARKET: RESEARCH DESIGN 29
FIGURE 4 DATA CAPTURED FROM SECONDARY SOURCES 31
FIGURE 5 CORE FINDINGS FROM INDUSTRY EXPERTS 32
FIGURE 6 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION,
AND REGION 32
FIGURE 7 E-FUELS MARKET: BOTTOM-UP APPROACH 34
FIGURE 8 E-FUELS MARKET: DEMAND-SIDE ANALYSIS 34
FIGURE 9 E-FUELS MARKET: TOP-DOWN APPROACH 36
FIGURE 10 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF E-FUELS 37
FIGURE 11 E-FUELS MARKET: SUPPLY-SIDE ANALYSIS 37
FIGURE 12 INDUSTRY CONCENTRATION, 2024 38
FIGURE 13 E-FUELS MARKET: DATA TRIANGULATION 39
FIGURE 14 E-FUELS MARKET: RESEARCH LIMITATIONS 40
FIGURE 15 LIQUID (POWER-TO-LIQUID) SEGMENT TO HOLD LARGER MARKET SHARE IN 2025 42
FIGURE 16 E-AMMONIA TO RECORD HIGHEST CAGR IN E-FUELS MARKET
FROM 2025 TO 2030 42
FIGURE 17 FUEL SEGMENT TO DOMINATE E-FUELS MARKET BETWEEN 2025 AND 2030 43
FIGURE 18 TRANSPORTATION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030 43
FIGURE 19 EUROPE CAPTURED LARGEST SHARE OF E-FUELS MARKET IN 2024 44
FIGURE 20 SUPPORTIVE REGULATORY FRAMEWORK TO MEET CLIMATE GOALS TO DRIVE E-FUELS MARKET 45
FIGURE 21 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 46
FIGURE 22 LIQUID (POWER-TO-LIQUID) SEGMENT TO HOLD LARGER MARKET SHARE IN 2030 46
FIGURE 23 E-AMMONIA SEGMENT TO CAPTURE LARGEST SHARE OF E-FUELS
MARKET IN 2030 47
FIGURE 24 FUEL SEGMENT TO HOLD LARGER SHARE OF E-FUELS MARKET IN 2030 47
FIGURE 25 TRANSPORTATION SEGMENT TO ACCOUNT FOR LARGEST MARKET
SHARE IN 2030 48
FIGURE 26 GASEOUS (POWER-TO-GAS) SEGMENT AND GERMANY HELD LARGEST SHARES OF E-FUELS MARKET IN EUROPE IN 2024 48
FIGURE 27 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 49
FIGURE 28 GREEN HYDROGEN PRODUCTION IN EUROPE, 2023 50
FIGURE 29 GLOBAL SALES OF BATTERY ELECTRIC VEHICLES (BEVS), 2020–2024 52
FIGURE 30 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 54
FIGURE 31 E-FUELS SUPPLY CHAIN 55
FIGURE 32 E-FUELS ECOSYSTEM 57
FIGURE 33 PATENTS APPLIED AND GRANTED, 2015–2024 62
FIGURE 34 AVERAGE SELLING PRICE TREND OF E-FUELS, BY TYPE, 2022–2024 65
FIGURE 35 AVERAGE SELLING PRICE TREND OF E-FUELS, BY REGION, 2022–2024 66
FIGURE 36 IMPORT DATA FOR HS CODE 2814-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024 67
FIGURE 37 EXPORT DATA FOR HS CODE 2814-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024 68
FIGURE 38 PORTER’S FIVE FORCES ANALYSIS 74
FIGURE 39 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR
TOP THREE END USES 76
FIGURE 40 KEY BUYING CRITERIA FOR TOP THREE END USES 76
FIGURE 41 INVESTMENT AND FUNDING SCENARIO, 2020–2024 77
FIGURE 42 IMPACT OF AI/GEN AI ON E-FUEL SUPPLY CHAIN, BY REGION 78
FIGURE 43 E-FUEL PRODUCTION PROCESS USING RENEWABLE SOURCES 87
FIGURE 44 E-FUELS MARKET SHARE, BY TYPE, 2024 91
FIGURE 45 E-FUELS MARKET SHARE, BY STATE, 2024 106
FIGURE 46 E-FUELS MARKET SHARE, BY APPLICATION, 2024 111
FIGURE 47 E-FUELS MARKET SHARE, BY END USE, 2024 115
FIGURE 48 ASIA PACIFIC TO BE FASTEST-GROWING REGION DURING FORECAST PERIOD 134
FIGURE 49 EUROPE: E-FUELS MARKET SNAPSHOT 137
FIGURE 50 ASIA PACIFIC: E-FUELS MARKET SNAPSHOT 148
FIGURE 51 E-FUELS MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2020–2024 171
FIGURE 52 MARKET SHARE ANALYSIS OF COMPANIES OFFERING E-FUELS, 2024 173
FIGURE 53 COMPANY VALUATION 175
FIGURE 54 FINANCIAL METRICS 175
FIGURE 55 PRODUCT COMPARISON 176
FIGURE 56 E-FUELS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 177
FIGURE 57 E-FUELS MARKET: COMPANY FOOTPRINT 178
FIGURE 58 E-FUELS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 185
FIGURE 59 SAUDI ARABIAN OIL CO.: COMPANY SNAPSHOT 193
FIGURE 60 AUDI AG: COMPANY SNAPSHOT 195
FIGURE 61 REPSOL: COMPANY SNAPSHOT 198
FIGURE 62 UNIPER SE: COMPANY SNAPSHOT 209
FIGURE 63 ØRSTED A/S: COMPANY SNAPSHOT 213
FIGURE 64 YARA: COMPANY SNAPSHOT 216
FIGURE 65 EUROPEAN ENERGY COMPANY SNAPSHOT 243
