India E Fuel Market Size & Outlook, 2023-2050

The e fuel market in India is expected to reach a projected revenue of US$ 337,403.6 million by 2050. A compound annual growth rate of 18.3% is expected of India e fuel market from 2024 to 2050.
Revenue, 2023 (US$M)
$3,589.0
Forecast, 2050 (US$M)
$464,935.3
CAGR, 2024 - 2050
19.7%
Report Coverage
India

India e fuel market highlights

  • The India e fuel market generated a revenue of USD 3,589.0 million in 2023 and is expected to reach USD 464,935.3 million by 2050.
  • The India market is expected to grow at a CAGR of 19.7% from 2024 to 2050.
  • In terms of segment, ethanol was the largest revenue generating product in 2023.
  • E-Methanol is the most lucrative product segment registering the fastest growth during the forecast period.


E fuel market data book summary

Market revenue in 2023USD 3,589.0 million
Market revenue in 2050USD 464,935.3 million
Growth rate19.7% (CAGR from 2023 to 2050)
Largest segmentEthanol
Fastest growing segmentE-Methanol
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2050
Quantitative unitsRevenue in USD million
Market segmentationEthanol, E-Methane, Hydrogen, E-Methanol
Key market players worldwideArcher-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, India accounted for 2.9% 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 segmentation & scope
E-Diesel
E-Gasoline
Ethanol
E-Methane
Others
Hydrogen
E-Kerosene
E-Methanol
Liquid
Gas
Power-to-Liquid
Power-to-Gas
Gas-to-Liquid
Biologically derived fuels
Hydrogen technology (Electrolysis)
Fischer-Tropsch
Reverse-Water-Gas-Shift (RWGS)
Automotive
Marine
Industrial
Railway
Aviation
Others
Smokestack
Gas well
Direct Air Capture
Post-combustion
Pre-combustion

E Fuel Market Companies

Name Profile # Employees HQ Website

India 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.


Ethanol was the largest segment with a revenue share of 31.31% in 2023. Horizon Databook has segmented the India e fuel market based on ethanol, e-methane, hydrogen, e-methanol covering the revenue growth of each sub-segment from 2018 to 2050.


India is actively working toward increasing the production of renewable fuels. According to Invest India, as of July 2023, India witnessed a remarkable surge of 396% in its installed capacity for non-fossil fuels, reaching an impressive total of over 179.322 Giga Watts. This substantial progress constitutes around 43% of the nation's entire capacity.

Furthermore, the Indian government announced a National Policy on Biofuels in 2018, which aims to increase the use of biofuels, such as e-methanol, e-kerosene, e-ethanol, and others, in the country.

The policy also provides financial incentives for the production of biofuels and sets targets for the blending of biofuels with e-gasoline and e-diesel. Such policies and developments are expected to propel the demand for e-fuels in the country over the forecast period.

Reasons to subscribe to India e fuel market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
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Target buyers of India e fuel market databook

  • Our clientele includes a mix of e fuel market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 India e fuel market , including forecasts for subscribers. This country databook contains high-level insights into India e fuel market from 2018 to 2050, including revenue numbers, major trends, and company profiles.

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India e fuel market size, by product, 2018-2050 (US$M)

India E Fuel Market Outlook Share, 2023 & 2050 (US$M)

India e fuel market size, by product, 2018-2050 (US$M)

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