U.S. E Fuel Market Size & Outlook, 2023-2050
U.S. e fuel market, 2018-2050 (US$M)
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U.S. e fuel market highlights
- The U.S. e fuel market generated a revenue of USD 25,248.5 million in 2023 and is expected to reach USD 3,462,302.7 million by 2050.
- The U.S. 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 25,248.5 million |
| Market revenue in 2050 | USD 3,462,302.7 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, U.S. accounted for 20.2% 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 North America, U.S. e fuel market is projected to lead the regional market in terms of revenue in 2050.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,462,302.7 million by 2050.
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E Fuel Market Scope
E Fuel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 32.07% in 2023. Horizon Databook has segmented the U.S. 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 U.S. is among the early adopters of clean energy solutions in the world for sectors such as power generation and transportation. This can be attributed to the increased importance given to clean energy solutions as per the energy act introduced by the U.S. government in 2005.
For instance, the Clean Fuels & Products Shot, an essential initiative undertaken by the U.S. Department of Energy's Energy Earthshots program, focuses on transforming the fuel and chemical industries The primary goal of this initiative is to shift toward renewable fuels and its innovative technologies, aiming to significantly reduce industry-related greenhouse gas emissions by 85% by 2035.
Reasons to subscribe to U.S. e fuel market databook:
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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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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 U.S. 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 U.S. e fuel market , including forecasts for subscribers. This country databook contains high-level insights into U.S. e fuel market from 2018 to 2050, including revenue numbers, major trends, and company profiles.
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U.S. e fuel market size, by product, 2018-2050 (US$M)
U.S. E Fuel Market Outlook Share, 2023 & 2050 (US$M)
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