Market revenue in 2023 | USD 3,589.0 million |
Market revenue in 2050 | USD 464,935.3 million |
Growth rate | 19.7% (CAGR from 2023 to 2050) |
Largest segment | Ethanol |
Fastest growing segment | E-Methanol |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2050 |
Quantitative units | Revenue in USD million |
Market segmentation | Ethanol, E-Methane, 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 |
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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.
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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