Australia E Fuel Market Size & Outlook, 2023-2050
Australia e fuel market, 2018-2050 (US$M)
Related Markets
Australia e fuel market highlights
- The Australia e fuel market generated a revenue of USD 1,588.7 million in 2023 and is expected to reach USD 209,961.4 million by 2050.
- The Australia market is expected to grow at a CAGR of 19.8% from 2024 to 2050.
- In terms of segment, hydrogen was the largest revenue generating product in 2023.
- E-Kerosene is the most lucrative product segment registering the fastest growth during the forecast period.
E fuel market data book summary
| Market revenue in 2023 | USD 1,588.7 million |
| Market revenue in 2050 | USD 209,961.4 million |
| Growth rate | 19.8% (CAGR from 2023 to 2050) |
| Largest segment | Hydrogen |
| Fastest growing segment | E-Kerosene |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2050 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ethanol, E-Methane, Hydrogen, E-Kerosene, E-Methanol |
| Key market players worldwide | Archer-Daniels Midland Co, Ballard Power Systems Inc, Ceres Power Holdings PLC, Hexagon Composites ASA, Neste OYJ, Clean Fuels Alliance America, Climeworks, EFUEL |
Other key industry trends
- In terms of revenue, Australia accounted for 1.3% of the global e fuel market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2050.
- In Asia Pacific, China e fuel market is projected to lead the regional market in terms of revenue in 2050.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 305,213.6 million by 2050.
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E Fuel Market Scope
E Fuel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia e fuel 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 e fuel market will help companies and investors design strategic landscapes.
Hydrogen was the largest segment with a revenue share of 15.1% in 2023. Horizon Databook has segmented the Australia e fuel market based on ethanol, e-methane, hydrogen, e-kerosene, e-methanol covering the revenue growth of each sub-segment from 2018 to 2050.
The Australian government has taken aggressive steps to drive the e-fuels market in the country. For instance, in 2019, Australia opened up a Clean Energy Innovation Hub, which invited participation from investors, such as Toyota Motor Sales, U.S.A., Inc., with its advanced fuel cell technology.
Moreover, in 2020, Siemens pledged 5 GW of renewable energy development in Western Australia, providing increased production of renewable fuels under the same initiative. In addition, in October 2022, the governments of Australia and Singapore joined hands to develop a significant Green Economy Agreement that aims to scale up the trade and investment of renewable fuels.
To support this agreement, both governments invested USD 12.3 million for the development of e-fuels in the countries. Such favorable government initiatives are expected to boost the demand for e-fuels in the country over the forecast period.
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Target buyers of Australia e fuel market databook
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Our clientele includes a mix of e fuel 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 country-level data and insights on the Australia e fuel market , including forecasts for subscribers. This country databook contains high-level insights into Australia e fuel market from 2018 to 2050, including revenue numbers, major trends, and company profiles.
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Australia e fuel market size, by product, 2018-2050 (US$M)
Australia E Fuel Market Outlook Share, 2023 & 2050 (US$M)
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