With the rising population,
there is a need to transform the pattern of fuel consumption in order to
sustain their demands. Use of
alternate fuels is 30% cost efficient and 100% lower emission. Over the past
decade, vehicles using alternate fuels have covered over 1 billion miles. Thus,
alternative fuels market is likely to reach USD 248.3 billion by
2024. However, major challenge faced by alternate fuels market is the production
of these fuels.
According to Goldstein
Research, major driving factor for the growth of alternate fuels market is the
environmental concerns that are causing the limitation over the use of
non-renewable fuels such as petrol and diesel. Policies on renewable energy dependence and climate change
has also propelled the growth of biofuel
market which is expected to grow at a CAGR of 4.92% over the forecast
period and biofuel
industry size is set to reach
246.52% by 2024.
Global Alternative Fuel Market Outlook also includes product development, marketing strategy
and investment strategies adopted by major market players in order to expand
their business across the globe. Additionally, developing
regions such as Asia-Pacific, Latin
America and South Africa have captured larger market share of the renewable
energy sources than the developed regions.
Market Segmentation
On the basis of our in-depth
analysis, global alternative fuel market can be segmented as follows:
By Types
o Natural
Gas
o Biodiesel
o Electricity
o Ethanol
o Hydrogen
o Propane
By End-User
o Automobile
industry
o Chemical
industry
o Defense
and Aviation Sector
o Energy Sector
Based on Geography
o North
America (U.S. & Canada) Alternative Fuel Market {Market Share (%), Market
Size(USD Billion)}
o Latin
America (Brazil, Mexico, Argentina & Rest of Latin America) Alternative
Fuel Market {Market Share (%), Market Size(USD Billion)}
o Europe
(The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Alternative
Fuel Market {Market Share (%), Market Size(USD Billion)}
o Asia-Pacific
(China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of
Asia) Alternative Fuel Market {Market Share (%), Market Size(USD Billion)}
o Middle
East & Africa (GCC, South Africa, North Africa, RoMEA) Alternative Fuel
Market {Market Share (%), Market Size(USD Billion)}
Download
Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/alterative-fuel-market-size-trends
In
creating sustainable society and reducing dependency over fossil fuels,
production of biogas also plays a vital role. Globally, biogas has been
accepted as one of the most upfront technology for green energy production.
Rising need of biogas between industrial process, municipalities and farmers to
meet the growing demand of energy is likely to strengthen biogas plant market.
“Global Alternative Fuel Market Outlook 2024” contains detailed overview of the
global Alternative Fuel market. On the basis of our in-depth analysis, market
can be segmented in terms of market segmentation by type and by end-users.
Further, for the in-depth analysis, Global Alternative
Fuel Market Report encompasses the industry growth drivers, market challenges,
risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s
five force model and SWOT analysis.
This market report also includes competitive outlook
of some of the major players profiling of companies such as Archer Daniel
Midland, Neste, Renewable Energy Group, Cosan, Guangzhou Devotion Thermal
Technology, Fujian Zhongde Energy, Gushan Environmental Energy, Henan Tianguan
Enterprise and Jiangsu Hengshunda Bio-Energy etc. The company profiles include
business strategy, geographical revenue distribution, major information of the
companies which encompasses business outlook, products, services and industries
catered, financial analysis of the company and recent developments.
Overall, the report represents the global Alternative
Fuel market trends along with market forecast that will help industry
consultants, technology providers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
About Goldstein Research
Based in the US, Goldstein Research currently
has a strong presence in the American and Asian countries. In the next five
years, we strive to expand our reach to 50+
nations spanning across Europe, Asia and parts of the Middle East and Africa.
We strive to realize a strong brand presence globally through our quality
research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our
clients make powerful future decisions to keep them well ahead of the game
which is the market, and leave a mark across businesses and communities through
our well-defined ideas and clear cut forecasts.
Our market research reports provide
in-depth analysis of global and regional variations along with competitors’
overview.
Our analysts
working on energy industry analysis reports to help various tech-giants, tech start-ups
and entry players to assess the current and upcoming business scenario. We
believe in vigorous examination of the current market scenario and build around
creative ideas and approaches that are most suitable to our clients’ needs and
business agenda.
Contact for more Info:
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada:
1-437-886-1181
UK: +44-203-318-6627
Comments
Post a Comment