Thailand E Fuel Market Size & Outlook, 2023-2050
Thailand e fuel market, 2018-2050 (US$M)
Related Markets
Thailand e fuel market highlights
- The Thailand e fuel market generated a revenue of USD 1,828.5 million in 2023 and is expected to reach USD 250,908.3 million by 2050.
- The Thailand market is expected to grow at a CAGR of 20% from 2024 to 2050.
- In terms of segment, ethanol was the largest revenue generating product in 2023.
- E-Gasoline 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 1,828.5 million |
| Market revenue in 2050 | USD 250,908.3 million |
| Growth rate | 20% (CAGR from 2023 to 2050) |
| Largest segment | Ethanol |
| Fastest growing segment | E-Gasoline |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2050 |
| Quantitative units | Revenue in USD million |
| Market segmentation | E-Diesel, E-Gasoline, 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 |
Other key industry trends
- In terms of revenue, Thailand accounted for 1.5% 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 |
|---|
Thailand 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 31.86% in 2023. Horizon Databook has segmented the Thailand e fuel market based on e-diesel, e-gasoline, ethanol, e-methane, hydrogen, e-methanol covering the revenue growth of each sub-segment from 2018 to 2050.
The surging demand for e-fuels in Thailand is owing to the increased support of the government to foster renewable energy integration in the country. The government of Thailand has set a target for renewable fuels to contribute at least 50% of the new power generation capacity by 2050.
In addition, the International Trade Administration the Alternative Energy Development Plan (AEDP) launched in 2018, supports the production of e-fuels domestically. This has led the country to witness the establishment of a greater number of renewable fuel plants with the overarching goal of elevated share of renewable energy to 30% of the total energy consumption by 2037.
Reasons to subscribe to Thailand 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 Thailand 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 Thailand e fuel market , including forecasts for subscribers. This country databook contains high-level insights into Thailand e fuel market from 2018 to 2050, including revenue numbers, major trends, and company profiles.
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Thailand e fuel market size, by product, 2018-2050 (US$M)
Thailand E Fuel Market Outlook Share, 2023 & 2050 (US$M)
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