조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2023년11월
E-fuels Market – Global Trend and Forecast to 2030
e퓨얼 (E-fuels) 시장 : 재생 가능 에너지원(태양광, 풍력), 연료 유형(e-메탄, e-등유, e-메탄올, e-암모니아, e-디젤, e-가솔린), 상태(기체, 액체), 최종 용도(운송, 화학, 발전), 지역별 – 2030년까지 예측
E-fuels Market by Renewable Source (Solar, Winds), Fuel Type (E-Methane, E-Kerosene, E-methanol, E-Ammonia, E-Diesel E-Gasoline), State (Gas, Liquid), End Use Application (Transportation, Chemicals, Power Generation) & Region – Forecast to 2030
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Report Overview
The global e-fuels market is estimated to grow from USD 6.2 Billion in 2023 to USD 49.4 Billion by 2030; it is expected to record a CAGR of 34.5% during the forecast period. The growth is attributed as the world moves towards a more sustainable future, e-fuels offer a critical answer for decreasing the carbon footprint of the transportation industry and other energy-intensive businesses. The market drivers for e-fuels are broad and diverse. For starters, rising demand for cleaner fuels is a big driver, as governments throughout the world impose increasingly stringent restrictions to reduce carbon emissions. Furthermore, the increased use of electric vehicles, as well as the necessity for backup energy sources to supplement renewable energy networks, is driving the expansion of the e-fuel industry.
“E-Ammonia: The largest segment of the e-fuels market, by fuel type “
Based on fuel type, the e-fuels market has been split into six types: e-methane, e-kerosene, e-methanol, e-ammonia, e-diesel and e-gasoline. The e-ammonia fuel type is expected to be the largest fuel type during the forecast period. E-ammonia can be used in a variety of industries, including transportation, agriculture (as a green fertilizer), and energy storage, making it a versatile and appealing choice. Green hydrogen may be used to make e-ammonia, which is consistent with the global shift towards cleaner energy sources. E-ammonia can be created using renewable energy sources, lowering its carbon footprint and harmonizing with environmental aims.
“Chemicals segment is expected to be the fastest segment during the forecast period based on end use application.”
By end use application, the e-fuels market has been segmented into transportation, chemicals, power generation, and others. The chemicals segment is expected to have the fastest market share during the forecast period. Chemical e-fuels provide a sustainable source of raw materials for the chemical industry, aligning with increasing demand for environmentally responsible production processes.
“By state, the liquid segment is expected to be the largest segment during the forecast period.”
Based on state, the e-fuels market is segmented into gas and liquid segments. The liquid segment is expected to be the largest segment of the e-fuels market during the forecast period. Due to its versatility, compatibility with existing infrastructure, and wide range of applications, the liquid section of the e-fuel business is the largest shareholder. Liquid e-fuels, such as synthetic hydrocarbons or ammonia, can replace traditional fossil fuels in transportation (cars, trucks, aviation, and shipping), heating, and industrial processes without requiring large infrastructural improvements
“Asia Pacific is expected to be the second-largest region in the e-fuels market.”
Asia Pacific is expected to be the second-largest region in the e-fuels market during the forecast period. The region has been segmented, by country, into China, Australia, India and Rest of Asia Pacific. The market in Rest of Asia Pacific is primarily studied for Indonesia, Japan, Malaysia, Singapore, and Thailand. The Asia-Pacific region’s demand for e-fuels is increasing due to a number of factors. As this region undergoes tremendous economic growth and population increases, energy consumption is increasing, making sustainable and carbon-neutral energy sources such as e-fuels more appealing. Asia-Pacific is also dealing with significant environmental issues such as air pollution and climate change, which are forcing a transition towards cleaner energy sources. Furthermore, many nations in the region are introducing legal programmes and incentives to reduce carbon emissions, which is encouraging the use of e-fuels. Increased R&D investments, as well as field collaborations, are fostering innovation and driving acknowledgment of e-fuels as a critical solution for energy security, environmental sustainability, and emission reduction throughout the area.
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- 30%, Director Level- 25%, and Others- 45%
By Region: North America- 30%, Europe- 35%, Asia Pacific- 25%, RoW- 10%,
Note: Others include sales managers, engineers, and regional managers.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. 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), Siemens Energy (Germany), Sunfire GmbH (Germany), and Norsk E-fuel (Norway). The major strategy adopted by the players includes contracts & agreements, partnerships, mergers and acquisitions, and investments & expansions.
Research Coverage:
The report defines, describes, and forecasts the global e-fuels market by renewable source, fuel type, state, end use application and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews 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
• Post-COVID-19 recovery and the global energy crisis have significantly boosted clean energy investments, outpacing fossil fuel investments (24% in 2023 vs. 15% in 2021, according to the IEA World Energy Investment 2023 report). The Ukraine conflict’s impact on fossil fuel markets has further accelerated investments in cleaner energy sources such as LNG and hydrogen. Consequently, the clean energy transition is reshaping the energy landscape and driving demand for e-fuels.
• Product Development/ Innovation: The e-fuels market is witnessing significant product development and innovation, driven by the growing demand for e-fuels in the transportation, aviation, chemicals and power generation industries. Companies are investing in developing sustainable e-fuels.
• Market Development: Liquid Wind expanded in the Northern Sweden with its 3rd e-methanol production facility. The production is scheduled to start in 2026.
• Market Diversification: Saudi Arabian Oil Co. and Stellantis have collaborated to check the compatibility of e-fuels with the European engine facilities. The companies have been working together using surrogate eFuels for the testing, according to existing fuel standards, as part of their pursuit of lower-carbon energy solutions.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include Saudi Arabian Oil Co. (Saudi Arabia), Audi AG (Germany), Siemens Energy (Germany), Sunfire GmbH (Germany), Norsk E-Fuel (Norway) among others in the e-fuels market.
Table of Contents
1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 INCLUSIONS AND EXCLUSIONS 25
1.3.1 BY FUEL TYPE: INCLUSIONS AND EXCLUSIONS 25
1.3.2 BY END-USE APPLICATION: INCLUSIONS AND EXCLUSIONS 26
1.4 MARKET SCOPE 26
1.4.1 MARKET SEGMENTATION 26
1.4.2 REGIONAL SCOPE 27
1.4.3 YEARS CONSIDERED 27
1.5 CURRENCY CONSIDERED 28
1.6 UNITS CONSIDERED 28
1.7 LIMITATIONS 28
1.8 STAKEHOLDERS 28
1.9 IMPACT OF RECESSION 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
FIGURE 1 E-FUEL MARKET: RESEARCH DESIGN 30
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 31
FIGURE 2 DATA TRIANGULATION 31
2.2.1 SECONDARY DATA 32
TABLE 1 LIST OF MAJOR SECONDARY SOURCES 32
2.2.1.1 Key data from secondary sources 33
2.2.2 PRIMARY DATA 33
TABLE 2 PRIMARY INTERVIEW WITH EXPERTS 34
FIGURE 3 KEY DATA FROM PRIMARY SOURCES 34
2.2.2.1 Breakdown of primaries 34
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 35
2.3 MARKET SIZE ESTIMATION 35
2.3.1 BOTTOM-UP APPROACH 36
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 36
2.3.2 TOP-DOWN APPROACH 37
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 37
2.3.3 DEMAND-SIDE ANALYSIS 38
FIGURE 7 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR E-FUELS 38
2.3.3.1 Demand-side calculations 38
2.3.3.2 Assumptions for demand-side analysis 38
2.3.4 SUPPLY-SIDE ANALYSIS 39
FIGURE 8 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS SUPPLY OF E-FUELS 39
2.3.4.1 Supply-side calculations 40
2.3.4.2 Assumptions for supply-side analysis 40
2.3.5 FORECAST 40
2.3.5.1 Recession impact 40
3 EXECUTIVE SUMMARY 41
TABLE 3 E-FUELS MARKET SNAPSHOT 42
FIGURE 9 E-AMMONIA TO HOLD LARGEST SHARE OF E-FUELS MARKET, BY FUEL TYPE, IN 2030 42
FIGURE 10 TRANSPORTATION SEGMENT TO LEAD E-FUELS MARKET, BY END-USE APPLICATION, IN 2030 43
FIGURE 11 LIQUID E-FUELS TO HOLD LARGER MARKET SHARE, BY STATE, IN 2030 44
FIGURE 12 EUROPE DOMINATED E-FUELS MARKET, BY REGION, IN 2022 44
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN E-FUELS MARKET 46
FIGURE 13 INCREASING GLOBAL PRESSURE TO REDUCE GHG EMISSIONS TO DRIVE E-FUELS MARKET 46
4.2 E-FUELS MARKET IN EUROPE, BY FUEL TYPE AND COUNTRY 47
FIGURE 14 E-METHANE AND GERMANY HELD LARGEST SHARE OF EUROPEAN MARKET IN 2022 47
4.3 E-FUELS MARKET, BY REGION 48
FIGURE 15 E-FUELS MARKET IN ROW TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 48
4.4 E-FUELS MARKET, BY STATE 48
FIGURE 16 GASEOUS E-FUELS HELD LARGER MARKET SHARE IN 2022 48
4.5 E-FUELS MARKET, BY FUEL TYPE 49
FIGURE 17 E-METHANE HELD LARGEST MARKET SHARE IN 2022 49
4.6 E-FUELS MARKET, BY END-USE APPLICATION 49
FIGURE 18 TRANSPORTATION SEGMENT CAPTURED MAJOR MARKET SHARE IN 2022 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 50
FIGURE 19 E-FUELS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 50
5.2.1 DRIVERS 51
5.2.1.1 Favorable government policies promoting use of e-fuels 51
5.2.1.2 Increased focus on sustainable transportation 52
5.2.1.3 Rapid technological advancements, increased investments, and energy security considerations 52
5.2.2 RESTRAINTS 53
5.2.2.1 Requirement for high initial capital investment 53
5.2.2.2 Uncertain global economic conditions 53
5.2.3 OPPORTUNITIES 54
5.2.3.1 High rate of depletion of fossil fuels 54
5.2.4 CHALLENGES 54
5.2.4.1 Variable and high feedstock costs 54
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 55
FIGURE 20 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 55
5.4 SUPPLY CHAIN ANALYSIS 55
FIGURE 21 E-FUELS MARKET: SUPPLY CHAIN ANALYSIS 56
TABLE 4 ROLE OF PARTICIPANTS IN SUPPLY CHAIN 56
5.4.1 RAW-MATERIAL SUPPLIERS/TECHNOLOGY & EPC PROVIDERS 57
5.4.2 E-FUEL PRODUCERS/SUPPLIERS 57
5.4.3 END USERS 57
5.5 ECOSYSTEM/MARKET MAP 57
FIGURE 22 ECOSYSTEM ANALYSIS 58
5.6 TECHNOLOGY ANALYSIS 58
5.6.1 TECHNOLOGY TRENDS IN E-FUELS MARKET 58
5.6.2 USE OF MACHINE LEARNING TECHNOLOGY IN E-FUEL PRODUCTION PROCESS 58
5.6.3 DEVELOPMENT OF IOT-CONNECTED E-FUEL PLANTS 59
5.6.4 ADOPTION OF ARTIFICIAL INTELLIGENCE (AI) TO IMPROVE EFFICIENCY, QUALITY, AND PERFORMANCE OF E-FUELS 60
5.7 PATENT ANALYSIS 61
FIGURE 23 E-FUELS MARKET: PATENTS APPLIED AND GRANTED, 2012–2022 61
TABLE 5 E-FUELS: INNOVATIONS AND PATENT REGISTRATIONS, APRIL 2019–APRIL 2023 62
5.8 TRADE ANALYSIS 64
5.8.1 IMPORT SCENARIO 64
TABLE 6 IMPORT SCENARIO FOR HS CODE 2814, BY COUNTRY, 2020–2022 (USD) 65
FIGURE 24 HS CODE 2814: IMPORT DATA FOR TOP 5 COUNTRIES, 2020–2022 65
5.8.2 EXPORT SCENARIO 66
TABLE 7 EXPORT SCENARIO FOR HS CODE 2814, BY COUNTRY, 2020–2022 (USD) 66
FIGURE 25 HS CODE 2814: EXPORT DATA FOR TOP 5 COUNTRIES, 2020–2022 66
5.9 PRICING ANALYSIS 67
5.9.1 AVERAGE SELLING PRICE OF E-FUELS, BY REGION 67
TABLE 8 INDICATIVE PRICING ANALYSIS OF E-FUELS, BY REGION, 2022–2030 67
5.9.2 AVERAGE SELLING PRICE OF E-FUELS, BY FUEL TYPE 67
TABLE 9 INDICATIVE PRICING ANALYSIS OF E-FUELS, BY FUEL TYPE, 2022–2030 67
5.10 REGULATORY LANDSCAPE 68
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69
TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
TABLE 13 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
5.11 PORTER’S FIVE FORCES ANALYSIS 71
FIGURE 26 PORTER’S FIVE FORCES ANALYSIS FOR E-FUELS MARKET 72
TABLE 14 E-FUELS MARKET: PORTER’S FIVE FORCES ANALYSIS 72
5.11.1 THREAT OF SUBSTITUTES 72
5.11.2 BARGAINING POWER OF SUPPLIERS 73
5.11.3 BARGAINING POWER OF BUYERS 73
5.11.4 THREAT OF NEW ENTRANTS 73
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 73
5.12 CASE STUDY ANALYSIS 74
5.12.1 USE OF E-FUELS TO DECARBONIZE TRANSPORTATION SECTOR 74
5.12.1.1 Problem statement 74
5.12.1.2 Solution 74
5.12.2 PRODUCTION OF E-METHANOL FROM WIND AND SOLAR ENERGY AND CAPTURED CARBON DIOXIDE 74
5.12.2.1 Problem statement 74
5.12.2.2 Solution 74
5.12.3 CONSUMPTION OF E-FUELS IN AVIATION SECTOR TO REDUCE CARBON EMISSIONS 75
5.12.3.1 Problem statement 75
5.12.3.2 Solution 75
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 75
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 75
FIGURE 27 INFLUENCE OF CRITICAL STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS 75
TABLE 15 INFLUENCE OF CRITICAL STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS 75
5.13.2 BUYING CRITERIA 76
FIGURE 28 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS 76
TABLE 16 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS 76
5.14 KEY CONFERENCES AND EVENTS, 2023–2024 77
TABLE 17 DETAILED LIST OF CONFERENCES AND EVENTS IN E-FUELS MARKET 77
6 RENEWABLE SOURCES USED IN E-FUEL PRODUCTION 79
6.1 INTRODUCTION 79
FIGURE 29 E-FUEL PRODUCTION PROCESS USING RENEWABLE SOURCES 79
6.2 SOLAR-POWERED E-FUELS 80
FIGURE 30 E-FUEL PRODUCTION PROCESS USING SOLAR POWER 80
6.3 WIND-POWERED E-FUELS 81
6.4 HYDRO-POWERED E-FUELS 81
7 E-FUELS MARKET, BY FUEL TYPE 82
7.1 INTRODUCTION 83
FIGURE 31 E-FUELS MARKET SHARE, BY FUEL TYPE, 2022 83
TABLE 18 E-FUELS MARKET, BY FUEL TYPE, 2022–2030 (MILLION LITERS) 83
TABLE 19 E-FUELS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION) 84
7.2 E-METHANE 84
7.2.1 CLEAN ENERGY INITIATIVES BY GOVERNMENTS TO BOOST DEMAND FOR E-METHANE 84
TABLE 20 E-METHANE: E-FUELS MARKET, BY REGION, 2022–2030 (MILLION LITERS) 85
TABLE 21 E-METHANE: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 85
7.3 E-METHANOL 85
7.3.1 VERSATILITY AND ENVIRONMENTAL SUSTAINABILITY OF E-METHANOL TO FUEL SEGMENTAL GROWTH 85
TABLE 22 E-METHANOL: E-FUELS MARKET, BY REGION, 2022–2030 (MILLION LITERS) 86
TABLE 23 E-METHANOL: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 86
7.4 E-AMMONIA 87
7.4.1 HIGH-ENERGY DENSITY AND CARBON NEUTRALITY OF E-AMMONIA TO DRIVE MARKET 87
TABLE 24 E-AMMONIA: E-FUELS MARKET, BY REGION, 2022–2030 (MILLION LITERS) 87
TABLE 25 E-AMMONIA: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 88
7.5 E-GASOLINE 88
7.5.1 CONTRIBUTION OF E-GASOLINE TO ENERGY SECURITY TO STIMULATE DEMAND 88
TABLE 26 E-GASOLINE: E-FUELS MARKET, BY REGION, 2022–2030 (MILLION LITERS) 89
TABLE 27 E-GASOLINE: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 89
7.6 E-KEROSENE 89
7.6.1 SUSTAINABILITY INITIATIVES BY AIRLINE AND AVIATION COMPANIES TO SUPPORT MARKET GROWTH 89
TABLE 28 E-KEROSENE: E-FUELS MARKET, BY REGION, 2022–2030 (MILLION LITERS) 90
TABLE 29 E-KEROSENE: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 90
7.7 E-DIESEL 91
7.7.1 NEED TO REDUCE GREENHOUSE GAS EMISSIONS TO BOOST DEMAND FOR E-DIESEL 91
TABLE 30 E-DIESEL: E-FUELS MARKET, BY REGION, 2022–2030 (MILLION LITERS) 91
TABLE 31 E-DIESEL: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 92
8 E-FUELS MARKET, BY END-USE APPLICATION 93
8.1 INTRODUCTION 94
FIGURE 32 E-FUELS MARKET SHARE, BY END-USE APPLICATION, 2022 94
TABLE 32 E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 95
8.2 TRANSPORTATION 95
8.2.1 RISING FOCUS ON DECARBONIZING LONG-HAUL TRANSPORTATION SECTOR TO BOOST DEMAND FOR E-FUELS 95
TABLE 33 TRANSPORTATION: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 96
8.3 CHEMICAL 96
8.3.1 POTENTIAL TO TRANSFORM CHEMICAL INDUSTRY BY PROVIDING SUSTAINABLE SOURCES OF ENERGY AND FEEDSTOCK TO DRIVE MARKET 96
TABLE 34 CHEMICAL: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 97
8.4 POWER GENERATION 97
8.4.1 SIGNIFICANT ROLE OF E-FUELS IN DECARBONIZING POWER SECTOR TO FUEL MARKET GROWTH 97
TABLE 35 POWER GENERATION: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 97
8.5 OTHERS 98
TABLE 36 OTHERS: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 98
9 E-FUELS MARKET, BY STATE 99
9.1 INTRODUCTION 100
FIGURE 33 E-FUELS MARKET SHARE, BY STATE, 2022 100
TABLE 37 E-FUELS MARKET, BY STATE, 2022–2030 (USD MILLION) 100
9.2 GASEOUS 101
9.2.1 HEAVY-DUTY TRANSPORTATION, INDUSTRIAL PROCESSES, AND POWER GENERATION APPLICATIONS TO CONTRIBUTE TO MARKET GROWTH 101
TABLE 38 GASEOUS: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 101
9.3 LIQUID 102
9.3.1 RAPID TRANSITION TO ENVIRONMENTALLY RESPONSIBLE AND SUSTAINABLE ENERGY LANDSCAPE TO DRIVE MARKET 102
TABLE 39 LIQUID: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 102
10 E-FUELS MARKET, BY REGION 103
10.1 INTRODUCTION 104
FIGURE 34 ROW TO EXHIBIT HIGHEST CAGR IN E-FUELS MARKET DURING FORECAST PERIOD 104
FIGURE 35 EUROPE ACCOUNTED FOR LARGEST SHARE OF E-FUELS MARKET IN 2022 105
TABLE 40 E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 105
TABLE 41 E-FUELS MARKET, BY REGION, 2022–2030 (MILLION LITERS) 105
10.2 NORTH AMERICA 106
10.2.1 IMPACT OF RECESSION ON E-FUELS MARKET IN NORTH AMERICA 106
FIGURE 36 NORTH AMERICA: E-FUELS MARKET SNAPSHOT 106
10.2.2 BY FUEL TYPE 107
TABLE 42 NORTH AMERICA: E-FUELS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION) 107
TABLE 43 NORTH AMERICA: E-FUELS MARKET, BY FUEL TYPE, 2022–2030 (MILLION LITERS) 107
10.2.3 BY STATE 108
TABLE 44 NORTH AMERICA: E-FUELS MARKET, BY STATE, 2022–2030 (USD MILLION) 108
10.2.4 BY END-USE APPLICATION 108
TABLE 45 NORTH AMERICA: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 108
10.2.5 BY COUNTRY 108
TABLE 46 NORTH AMERICA: E-FUELS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 108
10.2.5.1 US 109
10.2.5.1.1 Increasing focus on reducing greenhouse gas emissions to boost demand for e-fuels 109
TABLE 47 US: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 110
10.2.5.2 Canada 110
10.2.5.2.1 Rising need for sustainability and climate change mitigation to encourage invests in e-fuel technologies 110
TABLE 48 CANADA: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 111
10.3 EUROPE 111
10.3.1 IMPACT OF RECESSION ON E-FUELS MARKET IN EUROPE 112
FIGURE 37 EUROPE: E-FUELS MARKET SNAPSHOT 112
10.3.2 BY FUEL TYPE 113
TABLE 49 EUROPE: E-FUELS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION) 113
TABLE 50 EUROPE: E-FUELS MARKET, BY FUEL TYPE, 2022–2030 (MILLION LITERS) 113
10.3.3 BY STATE 113
TABLE 51 EUROPE: E-FUELS MARKET, BY STATE, 2022–2030 (USD MILLION) 113
10.3.4 BY END-USE APPLICATION 114
TABLE 52 EUROPE: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 114
10.3.5 BY COUNTRY 114
TABLE 53 EUROPE: E-FUELS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 114
10.3.5.1 Germany 114
10.3.5.1.1 Increasing investments in e-fuel technologies to support market growth 114
TABLE 54 GERMANY: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 115
10.3.5.2 Norway 116
10.3.5.2.1 Partnerships between governments and private sector for development and commercialization of e-fuels to support market growth 116
TABLE 55 NORWAY: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 116
10.3.5.3 UK 117
10.3.5.3.1 Increasing funds in e-fuel projects to drive market 117
TABLE 56 UK: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 118
10.3.5.4 Denmark 118
10.3.5.4.1 High reliance on renewable energy sources to fuel market growth 118
TABLE 57 DENMARK: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 119
10.3.5.5 Sweden 119
10.3.5.5.1 Strong focus on developing sustainable and low-carbon energy to boost demand for e-fuels 119
TABLE 58 SWEDEN: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 120
10.3.5.6 Rest of Europe 120
TABLE 59 REST OF EUROPE: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 121
10.4 ASIA PACIFIC 121
10.4.1 IMPACT OF RECESSION ON E-FUELS MARKET IN ASIA PACIFIC 122
10.4.2 BY FUEL TYPE 122
TABLE 60 ASIA PACIFIC: E-FUELS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION) 122
TABLE 61 ASIA PACIFIC: E-FUELS MARKET, BY FUEL TYPE, 2022–2030 (MILLION LITERS) 123
10.4.3 BY STATE 123
TABLE 62 ASIA PACIFIC: E-FUELS MARKET, BY STATE, 2022–2030 (USD MILLION) 123
10.4.4 BY END-USE APPLICATION 123
TABLE 63 ASIA PACIFIC: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 123
10.4.5 BY COUNTRY 124
TABLE 64 ASIA PACIFIC: E-FUELS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 124
10.4.5.1 CHINA 124
10.4.5.1.1 Carbon reduction goals and clean energy policies to accelerate market growth 124
TABLE 65 CHINA: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 125
10.4.5.2 Australia 126
10.4.5.2.1 Government support for development and commercialization of e-fuels to foster market growth 126
TABLE 66 AUSTRALIA: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 126
10.4.5.3 India 127
10.4.5.3.1 Abundance of renewable energy sources and clean energy initiatives to drive market 127
TABLE 67 INDIA: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 127
10.4.5.4 Rest of Asia Pacific 128
TABLE 68 REST OF ASIA PACIFIC: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 129
10.5 ROW 129
10.5.1 IMPACT OF RECESSION ON E-FUELS MARKET IN ROW 129
10.5.2 BY FUEL TYPE 130
TABLE 69 ROW: E-FUELS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION) 130
TABLE 70 ROW: E-FUELS MARKET, BY FUEL TYPE, 2022–2030 (MILLION LITERS) 130
10.5.3 BY STATE 131
TABLE 71 ROW: E-FUELS MARKET, BY STATE, 2022–2030 (USD MILLION) 131
10.5.4 BY END-USE APPLICATION 131
TABLE 72 ROW: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 131
10.5.5 BY REGION 131
TABLE 73 ROW: E-FUELS MARKET, BY REGION, 2022–2030 (USD MILLION) 131
10.5.5.1 Middle East and Africa 132
10.5.5.1.1 Rising focus on exploring cleaner and more sustainable energy sources to drive market 132
TABLE 74 MIDDLE EAST AND AFRICA: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 133
10.5.5.2 South America 134
10.5.5.2.1 Pressing need to reduce carbon footprint from aviation and transportation sectors to boost demand for e-fuels 134
TABLE 75 SOUTH AMERICA: E-FUELS MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 134
11 COMPETITIVE LANDSCAPE 135
11.1 OVERVIEW 135
11.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2018–2023 136
11.3 MARKET SHARE ANALYSIS, 2022 137
11.3.1 INDUSTRY CONCENTRATION, 2022 137
11.4 MARKET EVALUATION FRAMEWORK 137
TABLE 76 MARKET EVALUATION FRAMEWORK, 2018–2023 138
11.5 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 139
FIGURE 38 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 139
11.6 COMPETITIVE SCENARIOS AND TRENDS 140
11.6.1 DEALS 140
TABLE 77 E-FUELS MARKET: PRODUCT LAUNCHES, 2018–2023 140
TABLE 78 E-FUELS MARKET: DEALS, 2018–2023 141
11.6.2 OTHERS 142
TABLE 79 E-FUELS MARKET: OTHERS, 2018–2023 142
11.7 COMPANY EVALUATION MATRIX (E-FUEL MANUFACTURERS) 142
11.7.1 STARS 142
11.7.2 EMERGING LEADERS 143
11.7.3 PERVASIVE PLAYERS 143
11.7.4 PARTICIPANTS 143
FIGURE 39 E-FUELS MARKET: COMPANY EVALUATION MATRIX (E-FUEL MANUFACTURERS), 2022 143
11.7.5 COMPANY FOOTPRINT (E-FUEL MANUFACTURERS) 144
TABLE 80 COMPANY END-USE APPLICATION FOOTPRINT: E-FUEL MANUFACTURERS 144
TABLE 81 COMPANY STATE FOOTPRINT: E-FUEL MANUFACTURERS 145
TABLE 82 COMPANY FUEL TYPE FOOTPRINT: E-FUEL MANUFACTURERS 146
TABLE 83 COMPANY REGION FOOTPRINT: E-FUEL MANUFACTURERS 147
TABLE 84 COMPANY OVERALL FOOTPRINT: E-FUEL MANUFACTURERS 148
11.8 COMPANY EVALUATION MATRIX (TECHNOLOGY PROVIDERS) 149
11.8.1 STARS 149
11.8.2 EMERGING LEADERS 149
11.8.3 PERVASIVE PLAYERS 149
11.8.4 PARTICIPANTS 149
FIGURE 40 E-FUELS MARKET: COMPANY EVALUATION MATRIX (TECHNOLOGY PROVIDERS), 2022 150
11.8.5 COMPANY FOOTPRINT (TECHNOLOGY PROVIDERS) 150
TABLE 85 COMPANY END-USE APPLICATION FOOTPRINT: TECHNOLOGY PROVIDERS 150
TABLE 86 COMPANY STATE FOOTPRINT: TECHNOLOGY PROVIDERS 151
TABLE 87 COMPANY FUEL TYPE FOOTPRINT: TECHNOLOGY PROVIDERS 151
TABLE 88 COMPANY REGION FOOTPRINT: TECHNOLOGY PROVIDERS 151
12 COMPANY PROFILES 152
12.1 E-FUELS PROVIDER 152
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1 SAUDI ARABIAN OIL CO. 152
TABLE 89 SAUDI ARABIAN OIL CO.: COMPANY OVERVIEW 152
FIGURE 41 SAUDI ARABIAN OIL CO.: COMPANY SNAPSHOT 153
TABLE 90 SAUDI ARABIAN OIL CO.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 153
TABLE 91 SAUDI ARABIAN OIL CO.: DEALS 154
TABLE 92 SAUDI ARABIAN OIL CO.: OTHERS 154
12.1.2 AUDI AG 156
TABLE 93 AUDI AG: COMPANY OVERVIEW 156
FIGURE 42 AUDI AG: COMPANY SNAPSHOT 156
TABLE 94 AUDI AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED 157
TABLE 95 AUDI AG: PRODUCT LAUNCHES 157
12.1.3 SIEMENS ENERGY 158
TABLE 96 SIEMENS ENERGY: COMPANY OVERVIEW 158
FIGURE 43 SIEMENS ENERGY: COMPANY SNAPSHOT 159
TABLE 97 SIEMENS ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 159
TABLE 98 SIEMENS ENERGY: DEALS 160
12.1.4 SUNFIRE GMBH 161
TABLE 99 SUNFIRE GMBH: COMPANY OVERVIEW 161
TABLE 100 SUNFIRE GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED 161
12.1.5 ELECTROCHAEA GMBH 162
TABLE 101 ELECTROCHAEA GMBH: COMPANY OVERVIEW 162
TABLE 102 ELECTROCHAEA GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED 162
TABLE 103 ELECTROCHAEA GMBH: OTHERS 163
12.1.6 MITSUBISHI CORPORATION 165
TABLE 104 MITSUBISHI CORPORATION: COMPANY OVERVIEW 165
FIGURE 44 MITSUBISHI CORPORATION: COMPANY SNAPSHOT 166
TABLE 105 MITSUBISHI CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 166
TABLE 106 MITSUBISHI CORPORATION: PRODUCT LAUNCHES 167
TABLE 107 MITSUBISHI CORPORATION: DEALS 167
12.1.7 REPSOL 168
TABLE 108 REPSOL: COMPANY OVERVIEW 168
FIGURE 45 REPSOL: COMPANY SNAPSHOT 169
TABLE 109 REPSOL: PRODUCTS/SERVICES/SOLUTIONS OFFERED 169
TABLE 110 REPSOL: DEALS 170
12.1.8 PORSCHE AG 171
TABLE 111 PORSCHE AG: COMPANY OVERVIEW 171
FIGURE 46 PORSCHE AG: COMPANY SNAPSHOT 172
TABLE 112 PORSCHE AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED 172
TABLE 113 PORSCHE AG: OTHERS 173
12.1.9 UNIPER SE 174
TABLE 114 UNIPER SE: COMPANY OVERVIEW 174
FIGURE 47 UNIPER SE: COMPANY SNAPSHOT 174
TABLE 115 UNIPER SE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 175
TABLE 116 UNIPER SE: DEALS 175
12.1.10 ØRSTED 176
TABLE 117 ØRSTED: COMPANY OVERVIEW 176
FIGURE 48 ØRSTED: COMPANY SNAPSHOT 177
TABLE 118 ØRSTED: PRODUCTS/SERVICES/SOLUTIONS OFFERED 177
TABLE 119 ØRSTED: DEALS 178
TABLE 120 ØRSTED: OTHERS 178
12.1.11 MAN ENERGY SOLUTIONS 179
TABLE 121 MAN ENERGY SOLUTIONS: COMPANY OVERVIEW 179
TABLE 122 MAN ENERGY SOLUTIONS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 179
12.1.12 PERSTORP HOLDING AB 180
TABLE 123 PERSTORP HOLDING AB: COMPANY OVERVIEW 180
TABLE 124 PERSTORP HOLDING AB: PRODUCTS/SERVICES/SOLUTIONS OFFERED 180
12.1.13 HIF GLOBAL 181
TABLE 125 HIF GLOBAL: COMPANY OVERVIEW 181
TABLE 126 HIF GLOBAL: PRODUCTS/SERVICES/SOLUTIONS OFFERED 181
TABLE 127 HIF GLOBAL: DEALS 181
12.1.14 INFINIUM 182
TABLE 128 INFINIUM: COMPANY OVERVIEW 182
TABLE 129 INFINIUM: PRODUCTS/SERVICES/SOLUTIONS OFFERED 182
TABLE 130 INFINIUM: DEALS 183
TABLE 131 INFINIUM: OTHERS 184
12.1.15 INERATECH GMBH 185
TABLE 132 INERATECH GMBH: COMPANY OVERVIEW 185
TABLE 133 INERATECH GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED 185
TABLE 134 INERATECH GMBH: DEALS 185
TABLE 135 INERATECH GMBH: OTHERS 186
12.1.16 LIQUID WIND 187
TABLE 136 LIQUID WIND: COMPANY OVERVIEW 187
TABLE 137 LIQUID WIND: PRODUCTS/SERVICES/SOLUTIONS OFFERED 187
TABLE 138 LIQUID WIND: DEALS 188
TABLE 139 LIQUID WIND: OTHERS 189
12.1.17 YARA INTERNATIONAL ASA 189
12.2 TECHNOLOGY PROVIDERS 190
12.2.1 AIR COMPANY 190
12.2.2 FLEMTECH 190
12.2.3 TOPSOE 191
12.2.4 FUELPOSITIVE 192
12.2.5 NORSK E-FUEL 193
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX 194
13.1 INSIGHTS FROM INDUSTRY EXPERTS 194
13.2 DISCUSSION GUIDE 195
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 200
13.4 CUSTOMIZATION OPTIONS 202
13.5 RELATED REPORTS 202
13.6 AUTHOR DETAILS 203
