Product Code: IRTNTR73260
The alternative fuels market is forecasted to grow by USD 78.41 bn during 2022-2027, accelerating at a CAGR of 6.04% during the forecast period. The report on the alternative fuels market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing emissions of GHGs, incentives for the development of alternative fuels, and a rising need for cleaner fuels.
Technavio's alternative fuels market is segmented as below:
By Application
By Type
- Passenger cars
- Commercial vehicles
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing use of alternative fuels in the transportation sector as one of the prime reasons driving the alternative fuels market growth during the next few years. Also, the adoption of fuel cells in the transportation sector and research on third-generation biofuels will lead to sizable demand in the market.
The report on the alternative fuels market covers the following areas:
- Alternative fuels market sizing
- Alternative fuels market forecast
- Alternative fuels market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading alternative fuels market vendors that include 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., Gazprom International Ltd., Gevo Inc., Hindustan Petroleum Corp. Ltd., Honeywell International Inc., LanzaTech Global Inc., Neste Corp., Nuvera Fuel Cells LLC, OMV Aktiengesellschaft, Petroleo Brasileiro SA, PJSC LUKOIL, and UGI Corp.. Also, the alternative fuels market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
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 Geographical Landscape
- Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global alternative fuels market 2017 - 2021
- Exhibit 18: Historic Market Size - Data Table on global alternative fuels market 2017 - 2021 ($ billion)
- 4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ billion)
- 4.3 Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Automotive - Market size and forecast 2022-2027
- Exhibit 34: Chart on Automotive - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Automotive - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Automotive - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
- 6.4 Aviation - Market size and forecast 2022-2027
- Exhibit 38: Chart on Aviation - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Aviation - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Aviation - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Aviation - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ billion)
- Exhibit 43: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 44: Chart on Type - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
- 7.2 Comparison by Type
- Exhibit 46: Chart on Comparison by Type
- Exhibit 47: Data Table on Comparison by Type
- 7.3 Passenger cars - Market size and forecast 2022-2027
- Exhibit 48: Chart on Passenger cars - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ billion)
- Exhibit 50: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)
- 7.4 Commercial vehicles - Market size and forecast 2022-2027
- Exhibit 52: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)
- Exhibit 54: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Type
- Exhibit 56: Market opportunity by Type ($ billion)
- Exhibit 57: Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share By Geographical Landscape 2022-2027 (%)
- Exhibit 60: Data Table on Market share By Geographical Landscape 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 China - Market size and forecast 2022-2027
- Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.9 US - Market size and forecast 2022-2027
- Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.10 Japan - Market size and forecast 2022-2027
- Exhibit 91: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 92: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.11 South Korea - Market size and forecast 2022-2027
- Exhibit 95: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
- Exhibit 96: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
- Exhibit 97: Chart on South Korea - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
- 9.12 Germany - Market size and forecast 2022-2027
- Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity By Geographical Landscape
- Exhibit 103: Market opportunity By Geographical Landscape ($ billion)
- Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 108: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 109: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification
- 12.3 Ballard Power Systems Inc.
- Exhibit 111: Ballard Power Systems Inc. - Overview
- Exhibit 112: Ballard Power Systems Inc. - Product / Service
- Exhibit 113: Ballard Power Systems Inc. - Key news
- Exhibit 114: Ballard Power Systems Inc. - Key offerings
- 12.4 Blossman Propane Gas and Appliance Inc.
- Exhibit 115: Blossman Propane Gas and Appliance Inc. - Overview
- Exhibit 116: Blossman Propane Gas and Appliance Inc. - Product / Service
- Exhibit 117: Blossman Propane Gas and Appliance Inc. - Key offerings
- 12.5 BP Plc
- Exhibit 118: BP Plc - Overview
- Exhibit 119: BP Plc - Business segments
- Exhibit 120: BP Plc - Key news
- Exhibit 121: BP Plc - Key offerings
- Exhibit 122: BP Plc - Segment focus
- 12.6 Chevron Corp.
- Exhibit 123: Chevron Corp. - Overview
- Exhibit 124: Chevron Corp. - Business segments
- Exhibit 125: Chevron Corp. - Key news
- Exhibit 126: Chevron Corp. - Key offerings
- Exhibit 127: Chevron Corp. - Segment focus
- 12.7 China Petrochemical Corp.
- Exhibit 128: China Petrochemical Corp. - Overview
- Exhibit 129: China Petrochemical Corp. - Business segments
- Exhibit 130: China Petrochemical Corp. - Key offerings
- Exhibit 131: China Petrochemical Corp. - Segment focus
- 12.8 CNOOC Ltd.
- Exhibit 132: CNOOC Ltd. - Overview
- Exhibit 133: CNOOC Ltd. - Business segments
- Exhibit 134: CNOOC Ltd. - Key offerings
- Exhibit 135: CNOOC Ltd. - Segment focus
- 12.9 ENGIE SA
- Exhibit 136: ENGIE SA - Overview
- Exhibit 137: ENGIE SA - Business segments
- Exhibit 138: ENGIE SA - Key offerings
- Exhibit 139: ENGIE SA - Segment focus
- 12.10 Equinor ASA
- Exhibit 140: Equinor ASA - Overview
- Exhibit 141: Equinor ASA - Business segments
- Exhibit 142: Equinor ASA - Key offerings
- Exhibit 143: Equinor ASA - Segment focus
- 12.11 Exxon Mobil Corp.
- Exhibit 144: Exxon Mobil Corp. - Overview
- Exhibit 145: Exxon Mobil Corp. - Business segments
- Exhibit 146: Exxon Mobil Corp. - Key offerings
- Exhibit 147: Exxon Mobil Corp. - Segment focus
- 12.12 Gazprom International Ltd.
- Exhibit 148: Gazprom International Ltd. - Overview
- Exhibit 149: Gazprom International Ltd. - Product / Service
- Exhibit 150: Gazprom International Ltd. - Key offerings
- 12.13 Gevo Inc.
- Exhibit 151: Gevo Inc. - Overview
- Exhibit 152: Gevo Inc. - Business segments
- Exhibit 153: Gevo Inc. - Key offerings
- Exhibit 154: Gevo Inc. - Segment focus
- 12.14 Hindustan Petroleum Corp. Ltd.
- Exhibit 155: Hindustan Petroleum Corp. Ltd. - Overview
- Exhibit 156: Hindustan Petroleum Corp. Ltd. - Business segments
- Exhibit 157: Hindustan Petroleum Corp. Ltd. - Key offerings
- Exhibit 158: Hindustan Petroleum Corp. Ltd. - Segment focus
- 12.15 Honeywell International Inc.
- Exhibit 159: Honeywell International Inc. - Overview
- Exhibit 160: Honeywell International Inc. - Business segments
- Exhibit 161: Honeywell International Inc. - Key news
- Exhibit 162: Honeywell International Inc. - Key offerings
- Exhibit 163: Honeywell International Inc. - Segment focus
- 12.16 LanzaTech Global Inc.
- Exhibit 164: LanzaTech Global Inc. - Overview
- Exhibit 165: LanzaTech Global Inc. - Product / Service
- Exhibit 166: LanzaTech Global Inc. - Key offerings
- 12.17 UGI Corp.
- Exhibit 167: UGI Corp. - Overview
- Exhibit 168: UGI Corp. - Business segments
- Exhibit 169: UGI Corp. - Key news
- Exhibit 170: UGI Corp. - Key offerings
- Exhibit 171: UGI Corp. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 172: Inclusions checklist
- Exhibit 173: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 174: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 175: Research methodology
- Exhibit 176: Validation techniques employed for market sizing
- Exhibit 177: Information sources
- 13.5 List of abbreviations
- Exhibit 178: List of abbreviations