Japan E Fuel Market Size & Outlook, 2023-2050
Japan e fuel market, 2018-2050 (US$M)
Related Markets
Japan e fuel market highlights
- The Japan e fuel market generated a revenue of USD 2,098.8 million in 2023 and is expected to reach USD 305,213.6 million by 2050.
- The Japan market is expected to grow at a CAGR of 20.3% from 2024 to 2050.
- In terms of segment, hydrogen was the largest revenue generating product in 2023.
- Hydrogen 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 2,098.8 million |
| Market revenue in 2050 | USD 305,213.6 million |
| Growth rate | 20.3% (CAGR from 2023 to 2050) |
| Largest segment | Hydrogen |
| Fastest growing segment | Hydrogen |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2050 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ethanol, E-Methane, Hydrogen |
| 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, Japan accounted for 1.7% 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 |
|---|
Japan 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 11.92% in 2023. Horizon Databook has segmented the Japan e fuel market based on ethanol, e-methane, hydrogen covering the revenue growth of each sub-segment from 2018 to 2050.
Japan has set ambitious targets for the use of renewable energy and is actively promoting the development of renewable fuels. In 2021, the Japanese government set a target to increase the share of renewable energy in its primary energy mix to 22-24% by 2030, and to reduce greenhouse gas emissions by 80% by 2050.
To achieve these targets, several key players engaged in the production of e-fuels are undergoing strategic initiatives to scale up the production of renewable fuels in the country.
For instance, in May 2023, Neste and ITOCHU Corporation announced an extension in their collaboration to increase the sale and use of sustainable e-fuels including e-diesel in the Japanese market. Such government policies and increasing strategic initiatives by key players are driving the demand for e-fuels in the country over the forecast period.
Reasons to subscribe to Japan e fuel market databook:
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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 Japan 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 Japan e fuel market , including forecasts for subscribers. This country databook contains high-level insights into Japan e fuel market from 2018 to 2050, including revenue numbers, major trends, and company profiles.
Partial client list
Japan e fuel market size, by product, 2018-2050 (US$M)
Japan E Fuel Market Outlook Share, 2023 & 2050 (US$M)
Related regional statistics
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