Europe E Fuel Market Size & Outlook, 2023-2050
Europe e fuel market, 2018-2050 (US$M)
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Europe e fuel market highlights
- The Europe e fuel market generated a revenue of USD 57,575.7 million in 2023.
- The market is expected to grow at a CAGR of 18.3% from 2024 to 2050.
- In terms of segment, hydrogen was the largest revenue generating product in 2023.
- E-Methanol is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2050.
Europe data book summary
| Market revenue in 2023 | USD 57,575.7 million |
| Market revenue in 2050 | USD 5,431,764.6 million |
| Growth rate | 18.3% (CAGR from 2023 to 2050) |
| Largest segment | Hydrogen |
| Fastest growing segment | E-Methanol |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2050 |
| Quantitative units | Revenue in USD million |
| Market segmentation | E-Diesel, Ethanol, Hydrogen, 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, Europe region accounted for 46.1% of the global e fuel market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2050.
- North America is the fastest growing regional market and is projected to reach USD 4,591,913.4 million by 2050.
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E Fuel Market Scope
E Fuel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 25.97% in 2023. Horizon Databook has segmented the Europe e fuel market based on e-diesel, ethanol, hydrogen, e-methanol covering the revenue growth of each sub-segment from 2018 to 2050.
Europe is witnessing significant growth in the e-fuels market owing to favorable government initiatives and the adoption of renewable fuels in the region. The heavy reliance on fossil fuels from Russia led the region to a scarcity of natural gas owing to Russia’s invasion of Ukraine. This gave rise to government initiatives and regulations to reduce its reliance on fossil gas and increase the production of e-fuels in the region.
For instance, the Renewable Energy Directive (RED II) mandates the utilization of e-fuels such as ediesel and e-kerosene by the transportation industry. In addition, the member states of the EU have increased their renewable energy targets to 40% of primary energy by 2050. These initiatives by the European Union further propel the e-fuels market growth in Europe.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Europe 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 continent-level data and insights on the Europe e fuel market , including forecasts for subscribers. This continent databook contains high-level insights into Europe e fuel market from 2018 to 2050, including revenue numbers, major trends, and company profiles.
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Europe e fuel market size, by country, 2018-2050 (US$M)
Europe E Fuel Market Outlook Share, 2023 & 2050 (US$M)
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