Market revenue in 2023 | USD 9,976.3 million |
Market revenue in 2050 | USD 1,029,697.1 million |
Growth rate | 18.7% (CAGR from 2023 to 2050) |
Largest segment | Hydrogen |
Fastest growing segment | E-Diesel |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 |
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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.
Hydrogen was the largest segment with a revenue share of 30.53% in 2023. Horizon Databook has segmented the UK e fuel market based on e-diesel, ethanol, hydrogen, e-methanol covering the revenue growth of each sub-segment from 2018 to 2050.
The e-fuels market in the UK is witnessing significant growth owing to several favorable government initiatives and policies taking place in the country. For instance, in August 2022, the government of the UK funded USD 44.9 million for scaling up domestic production of renewable fuels such as green hydrogen, e-diesel, e-kerosene, and others. In addition, a further USD 5 million has been granted to advance technologies for producing these e-fuels in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the UK e fuel market , including forecasts for subscribers. This country databook contains high-level insights into UK e fuel market from 2018 to 2050, including revenue numbers, major trends, and company profiles.
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