Middle East & Africa Alternative Fuels Market Size & Outlook
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MEA alternative fuels market highlights
- The MEA alternative fuels market generated a revenue of USD 14.3 million in 2024.
- The market is expected to grow at a CAGR of 6.1% from 2025 to 2030.
- In terms of segment, natural gas was the largest revenue generating type in 2024.
- Hydrogen is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 14.3 million |
| Market revenue in 2030 | USD 20.5 million |
| Growth rate | 6.1% (CAGR from 2025 to 2030) |
| Largest segment | Natural gas |
| Fastest growing segment | Hydrogen |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Gas, Biodiesel, Ethanol, Hydrogen |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.9% of the global alternative fuels market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 107.6 million by 2030.
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Alternative Fuels Market Scope
Alternative Fuels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Gushan Environmental Energy | View profile | - | Foochow, Fujian, China, Asia | - |
| ExxonMobil | View profile | 10001+ | Irving, Texas, United States, North America | https://corporate.exxonmobil.com |
| Archer Daniels Midland Company | View profile | 1001-5000 | Chicago, Illinois, United States, North America | http://www.adm.com |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| Cosan SA ADR | View profile | 11181 | Avenue Brigadeiro Faria Lima, 4100 / 15th Floor Itaim Bibi, Sao Paulo, SP, Brazil, 04538-132 | https://www.cosan.com.br |
| Neste OYJ | View profile | 5942 | Keilaranta 21, P.O. Box 95, Neste, Espoo, Finland, 00095 | https://www.neste.com |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| BP PLC | View profile | 87800 | 1 St James's Square, London, United Kingdom, SW1Y 4PD | https://www.bp.com |
| Sasol Ltd | View profile | 29073 | 50 Katherine Street, Sasol Place, Sandton, Johannesburg, GT, South Africa, 2196 | https://www.sasol.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
Middle East & Africa alternative fuels market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to alternative fuels market will help companies and investors design strategic landscapes.
Natural gas was the largest segment with a revenue share of 44.06% in 2024. Horizon Databook has segmented the Middle East & Africa alternative fuels market based on natural gas, biodiesel, ethanol, hydrogen covering the revenue growth of each sub-segment from 2018 to 2030.
In the Middle East and Africa, the alternative fuels market is gaining traction as countries diversify their economies and focus on sustainability. The UAE and Saudi Arabia are leading the way with ambitious clean energy initiatives, including investments in renewable energy and hydrogen production.
The UAE’s National Energy Strategy 2050 and Saudi Arabia’s Vision 2030 are pushing the region toward a future powered by alternative fuels. In Africa, the demand for reliable and affordable energy sources, particularly in the transportation and industrial sectors, is driving the adoption of alternative fuels such as natural gas and biofuels.
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Target buyers of Middle East & Africa alternative fuels market databook
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Our clientele includes a mix of alternative fuels market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa alternative fuels market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa alternative fuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA alternative fuels market size, by country, 2018-2030 (US$M)
Middle East & Africa Alternative Fuels Market Outlook Share, 2024 & 2030 (US$M)
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