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PUBLISHER: Grand View Research | PRODUCT CODE: 1362985
PUBLISHER: Grand View Research | PRODUCT CODE: 1362985
E-fuel Market Size, Share & Trends Analysis Report By Product, By State (Liquid, Gas), By Production Method, By Technology, By End-use, By Carbon Source, By Carbon Capture Type, By Region, And Segment Forecasts, 2023 - 2050
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E-fuel Market Growth & Trends:
The global e-fuel market size is expected to reach USD 13,633.9 billion by 2050, according to a new report by Grand View Research, Inc.., expanding at a CAGR of 19.0% over the forecast period 2023-2050. This market growth is owing to increasing demand for e-fuels such as e-kerosene, e-diesel, ethanol, e-methane, and others from various end-use industries such as aviation, automobiles, and others.
Sustainable aviation fuels (SAF) act as an excellent alternatives to fossil jet fuels. SAFs are derived from sources such as biomass or power-to-liquid (PtL) methods, the latter of which produces e-kerosene. The American Society for Testing and Materials (ASTM) has sanctioned seven SAF routes, including liquid FT fuels, allowing for blending of up to 50% with traditional kerosene (ASTM International, 2022a). The use of conventional turbines and the compatibility of onboard fuel and storage systems with e-kerosene can enhance its viability.
Furthermore, the demand for e-diesel is gaining significant momentum attributed to its capacity to cater to the energy requirements of both transportation and industrial sectors. E-diesel, a form of synthetic fuel derived from renewable sources, presents a versatile option that harmonizes with sustainability objectives. Additionally, the increasing emphasis on reducing carbon emissions within the transportation domain further propels the demand for e-diesel as a sustainable and eco-friendly alternative.
The industry players are adopting several strategies, including partnerships, expansions, mergers & acquisitions, joint ventures, new product launches, and partnership agreements to increase the customer base and individual market share. For instance, in May 2023, HIG Global announced an expansion in its global footprint by launching a new facility producing e-fuel in the Texas market.
E-fuel Market Report Highlights:
- The market for e-fuel is driven by several favorable government policies and initiatives taking place across the globe. For instance, In July 2021, the European Commission's proposal named ReFuel EU Aviation introduced an e-kerosene blending mandate of 28% by 2050 for SAFs. This has resulted in e-kerosene accounting for approx. 3.65% of the EU's jet fuel requirements
- The e-kerosene segment is anticipated to grow at the fastest CAGR over the forecast period. This is attributed to its formulation to resemble traditional kerosene, ensuring compatibility with current aircraft engines and infrastructure. This enables airplanes to use e-kerosene seamlessly, avoiding the need for extensive alterations or adjustments
- The power-to-liquid production method is expected to grow at a CAGR of 18.7% during the forecast period owing to several R&D taking place for producing e-fuels through this production method. For instance, In March 2023, Deutsches Zentrum fur Luft- und Raumfahrt e. V. (DLR), a German R&D center for aerospace, announced its plans to launch a new R&D facility for power-to-fuel liquid e-fuel for the aircraft industry
- The automotive industry is expected to grow at a CAGR of 18.4% during the forecast period owing to the application of e-fuels in automobiles contributing to environmental sustainability by reducing greenhouse gas emissions compared to traditional fuels
- Europe held the largest market share in the market for e-fuels in terms of revenue in 2022 owing to several favorable government initiatives, such as the member states of the EU having increased their renewable energy targets to 40% of primary energy by 2050
- Several key companies are collaborating to strengthen their market positions. For instance, in March 2023, Osaka Gas Co., Ltd.collaborated with Santos Ltd to produce e-methane derived from green hydrogen in the Australian market
Product Code: GVR-4-68040-115-9
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market Segmentation & Scope
- 1.1.1 Market Definitions
- 1.2 Information Procurement
- 1.2.1 Purchased Database
- 1.2.2 Gvr's Internal Database
- 1.2.3 Secondary Source
- 1.2.4 Third Party Perspective
- 1.2.5 Primary Research
- 1.3 Information Analysis
- 1.3.1 Data Analysis Models
- 1.4 Market Formulation and Data Visualization
- 1.5 Data Validation and Publishing
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot (1/4)
- 2.3 Segment Snapshot (2/4)
- 2.4 Segment Snapshot (3/4)
- 2.5 Segment Snapshot (4/4)
- 2.6 Competitive Landscape Snapshot
Chapter 3 E-Fuels Market: Market Variables, Trends, & Scope
- 3.1 Market Lineage Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Major Raw Material Analysis
- 3.3 Technology Outlook
- 3.4 Regulatory Framework
- 3.4.1 Policies And Plans By Major Countries
- 3.4.2 Standard & Compliance
- 3.4.3 Safety
- 3.5 Market Dynamics
- 3.5.1 Market Driver Impact Analysis
- 3.5.2 Market Restraint Impact Analysis
- 3.5.2.1 High Production Costs
- 3.5.3 Industry Challenges
- 3.5.4 Industry Opportunities
- 3.6 Business Environment Analysis: E-Fuels Market
- 3.6.1 INDUSTRY ANALYSIS - PORTER'S
- 3.6.2 PESTEL ANALYSIS
- 3.7 Impact of Covid-19 on the E-Fuels Market
- 3.8 Impact of European Geopolitical Conflict on the E-Fuels Market
- 3.9 Average selling price (retailer point) trend analysis of E-Fuels, by Product, 2018 - 2050 (USD/ton)
- 3.10 Average cost (production point) trend analysis of E-Fuels, by Product, 2018 - 2050 (USD/ton)
Chapter 4 E-Fuels Market: Product Estimates & Trend Analysis
- 4.1 Product Movement Analysis & Revenue Market Share, 2022 & 2050
- 4.2 E-fuels Market Estimates & Forecast, By Product (USD Million)
- 4.2.1 E-Diesel
- 4.2.2 E-Gasoline
- 4.2.3 Ethanol
- 4.2.4 Hydrogen (Green Hydrogen)
- 4.2.5 E-Kerosene
- 4.2.6 E-Methane
- 4.2.7 E-Methanol
- 4.2.8 Others
Chapter 5 E-Fuels Market: State Estimates & Trend Analysis
- 5.1 State Movement Analysis & Revenue Market Share, 2022 & 2050
- 5.2 E-Fuels Market Estimates & Forecast, By State (USD Million)
- 5.2.1 Liquid
- 5.2.2 Gas
Chapter 6 E-Fuels Market: Production Method Estimates & Trend Analysis
- 6.1 Production Method Movement Analysis & Revenue Market Share, 2022 & 2050
- 6.2 E-fuels Market Estimates & Forecast, By Production Method (USD Million)
- 6.2.1 Power-To-Liquid
- 6.2.2 Power-To-Gas
- 6.2.3 Gas-To-Liquid
- 6.2.4 Biologically Derived Fuels
Chapter 7 E-Fuels Market: Technology Estimates & Trend Analysis
- 7.1 Technology Movement Analysis & Revenue Market Share, 2022 & 2050
- 7.2 E-fuels Market Estimates & Forecast, By Technology (USD Million)
- 7.2.1 Hydrogen Technology (Electrolysis)
- 7.2.2 Fischer-Tropsch
- 7.2.3 Reverse-Water-Gas-Shift (RWGS)
Chapter 8 E-Fuels Market: End-Use Estimates & Trend Analysis
- 8.1 End-Use Movement Analysis & Revenue Market Share, 2022 & 2050
- 8.2 E-fuels Market Estimates & Forecast, By End-Use (USD Million)
- 8.2.1 Automotive
- 8.2.2 Marine
- 8.2.3 Industrial
- 8.2.4 Railway
- 8.2.5 Aviation
- 8.2.6 Others
Chapter 9 E-Fuels Market: Carbon Source Estimates & Trend Analysis
- 9.1 Carbon Source Movement Analysis & Revenue Market Share, 2022 & 2050
- 9.2 E-fuels Market Estimates & Forecast, By Carbon Source (USD Million)
- 9.2.1 Point Source
- 9.2.1.1 Smokestack
- 9.2.1.2 Gas Well
- 9.2.2 Direct Air Capture
- 9.2.1 Point Source
Chapter 10 E-Fuels Market: Carbon Capture Type Estimates & Trend Analysis
- 10.1 Carbon Capture Type Movement Analysis & Revenue Market Share, 2022 & 2050
- 10.2 E-Fuels Market Estimates & Forecast, By Carbon Capture Type (USD Million)
- 10.2.1 Post-Combustion
- 10.2.2 Pre-Combustion
Chapter 11 E-Fuels Market: Regional Estimates & Trend Analysis
- 11.1 North America
- 11.1.1 North America E-Fuels Market Estimates & Forecasts, 2018 - 2050 (USD Million)
- 11.1.2 U.S.
- 11.1.3 Canada
- 11.1.4 Mexico
- 11.2 Europe
- 11.2.1 Europe E-Fuels Market Estimates & Forecasts, 2018 - 2050 (USD Million)
- 11.2.2 Netherlands
- 11.2.3 Uk
- 11.2.4 Germany
- 11.2.5 France
- 11.2.6 Italy
- 11.2.7 Spain
- 11.2.8 Russia
- 11.3 Asia Pacific
- 11.3.1 Asia Pacific E-Fuels Market Estimates & Forecasts, 2018 - 2050 (USD Million)
- 11.3.2 China
- 11.3.3 Indonesia
- 11.3.4 Thailand
- 11.3.5 India
- 11.3.6 Japan
- 11.3.7 South Korea
- 11.3.8 Australia
- 11.4 Central & South America
- 11.4.1 Central & South America E-Fuels Market Estimates & Forecasts, 2018 - 2050 (USD Million)
- 11.4.2 Brazil
- 11.4.3 Argentina
- 11.5 Middle East & Africa
- 11.5.1 Middle East & Africa E-Fuels Market Estimates & Forecasts, 2018 - 2050 (USD Million)
- 11.5.2 Saudi Arabia
- 11.5.3 UAE
- 11.5.4 South Africa
Chapter 12 E-Fuels Market: Competitive Landscape
- 12.1 Recent Developments & Impact Analysis, by Key Market Participants
- 12.2 Company Categorization
- 12.3 Participant's Overview
- 12.3.1 Archer Daniels Midland Co.
- 12.3.2 Audi AG
- 12.3.3 Ballard Power Systems, Inc.
- 12.3.4 Carbon Recycling International
- 12.3.5 Ceres Power Holding Plc
- 12.3.6 Clean Fuels Alliance America
- 12.3.7 Climeworks AG
- 12.3.8 E-Fuel Corporation
- 12.3.9 eFuel Pacific Limited
- 12.3.10 FuelCell Energy, Inc.
- 12.3.11 Hexagon Agility
- 12.3.12 INFRA Synthetic Fuels, Inc.
- 12.3.13 MAN Energy Solutions
- 12.3.14 Neste
- 12.3.15 Norsk e-Fuel AS
- 12.3.16 Porsche
- 12.3.17 Rolls-Royce plc
- 12.3.18 Sunfire GmbH
- 12.4 Financial Performance
- 12.5 Product Benchmarking
- 12.6 Company Market Positioning
- 12.7 Company Market Share Analysis
- 12.8 Company Heat Map Analysis
- 12.9 Strategy Mapping
- 12.9.1 Expansion
- 12.9.2 Mergers & Acquisition
- 12.9.3 Collaborations
- 12.9.4 New Product Launches
- 12.9.5 Research & Development
- 12.9.6 Others
Product Code: GVR-4-68040-115-9
List of Tables
- Table 1 E-fuels average selling price Estimates and Forecast, By Product, 2018 - 2050 (USD/ton)
- Table 2 E-fuels Market average cost Estimates and Forecast, By Product, 2018 - 2050 (USD/ton)
- Table 3 E-fuels Market Estimates and Forecast, By Product, 2018 - 2050 (USD Million)
- Table 4 E-Fuels Market Estimates and Forecast, By State, 2018 - 2050 (USD Million)
- Table 5 E-fuels Market Estimates and Forecast, By Production Method, 2018 - 2050 (USD Million)
- Table 6 E-fuels Market Estimates and Forecast, By Technology, 2018 - 2050 (USD Million)
- Table 7 E-fuels Market Estimates and Forecast, By End-Use, 2018 - 2050 (USD Million)
- Table 8 E-Fuels Market Estimates and Forecast, By Carbon Capture Type, 2018 - 2050 (USD Million)
- Table 9 Company Heat Map Analysis
- Table 10 Key Companies undergoing expansions
- Table 11 Key Companies involved in M&As
- Table 12 Key Companies Undergoing Collaborations
- Table 13 Key Companies launching new products
- Table 14 Key Companies undertaking R&D activities
List of Figures
- Fig. 1 E-Fuels Market Segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research process
- Fig. 5 Primary research approaches
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/4)
- Fig. 8 Segment Snapshot (2/4)
- Fig. 9 Segment Snapshot (3/4)
- Fig. 10 Segment Snapshot (4/4)
- Fig. 11 Competitive Landscape Snapshot
- Fig. 12 Global Fuels Market Value, 2022 (USD Million)
- Fig. 13 E-Fuels - Industry Value Chain Analysis
- Fig. 14 E-Fuels Market - Porter's Analysis
- Fig. 15 E-Fuels Market - PESTEL analysis
- Fig. 16 E-fuels Market, by Product: Revenue Market Share, 2022 & 2050
- Fig. 17 E-Fuels Market Estimates & Forecasts, by E-Diesel, 2018 - 2050 (USD Million)
- Fig. 18 E-Fuels Market Estimates & Forecasts, by E-Gasoline, 2018 - 2050 (USD Million)
- Fig. 19 E-Fuels Market Estimates & Forecasts, by Ethanol, 2018 - 2050 (USD Million)
- Fig. 20 E-Fuels Market Estimates & Forecasts, by Hydrogen, 2018 - 2050 (USD Million)
- Fig. 21 E-Fuels Market Estimates & Forecasts, by E-Kerosene, 2018 - 2050 (USD Million)
- Fig. 22 E-Fuels Market Estimates & Forecasts, by E-Methane, 2018 - 2050 (USD Million)
- Fig. 23 E-Fuels Market Estimates & Forecasts, by E-Methanol, 2018 - 2050 (USD Million)
- Fig. 24 E-Fuels Market Estimates & Forecasts, by Others, 2018 - 2050 (USD Million)
- Fig. 25 E-Fuels Market, by State: Revenue Market Share, 2022 & 2050
- Fig. 26 E-Fuels Market Estimates & Forecasts, by Liquid, 2018 - 2050 (USD Million)
- Fig. 27 E-Fuels Market Estimates & Forecasts, by Gas 2018 - 2050 (USD Million)
- Fig. 28 E-fuels Market, by Production Method: Revenue Market Share, 2022 & 2050
- Fig. 29 E-Fuels Market Estimates & Forecasts, by Power-to-Liquid, 2018 - 2050 (USD Million) (Million Tons)
- Fig. 30 E-Fuels Market Estimates & Forecasts, by Power-to-Gas, 2018 - 2050 (USD Million) (Million Tons)
- Fig. 31 E-Fuels Market Estimates & Forecasts, by Gas-to-Liquid, 2018 - 2050 (USD Million) (Million Tons)
- Fig. 32 E-Fuels Market Estimates & Forecasts, by Biologically Derived Fuels, 201 -2050 (USD Million) (Million Tons)
- Fig. 33 E-fuels Market, by Technology: Revenue Market Share, 2022 & 2050
- Fig. 34 E-Fuels Market Estimates & Forecasts, by Hydrogen technology (Electrolysis), 2018 - 2050 (USD Million)
- Fig. 35 E-Fuels Market Estimates & Forecasts, by Fischer-Tropsch, 2018 - 2050 (USD Million)
- Fig. 36 E-Fuels Market Estimates & Forecasts, by Reverse-Water-Gas-Shift (RWGS), 2018 - 2050 (USD Million)
- Fig. 37 E-fuels Market, by End-Use: Revenue Market Share, 2022 & 2050
- Fig. 38 E-Fuels Market Estimates & Forecasts, by Automotive, 2018 - 2050 (USD Million)
- Fig. 39 E-Fuels Market Estimates & Forecasts, by Marine, 2018 - 2050 (USD Million)
- Fig. 40 E-Fuels Market Estimates & Forecasts, by Industrial, 2018 - 2050 (USD Million)
- Fig. 41 E-Fuels Market Estimates & Forecasts, by Railway, 2018 - 2050 (USD Million)
- Fig. 42 E-Fuels Market Estimates & Forecasts, by Aviation, 2018 - 2050 (USD Million)
- Fig. 43 E-Fuels Market Estimates & Forecasts, by Others, 2018 - 2050 (USD Million)
- Fig. 44 E-Fuels Market, by Carbon Sources: Revenue Market Share, 2022 & 2050
- Fig. 45 E-Fuels Market Estimates & Forecasts, by Point Source 2018 - 2050 (USD Million)
- Fig. 46 E-Fuels Market Estimates & Forecasts, by Smokestack 2018 - 2050 (USD Million)
- Fig. 47 E-Fuels Market Estimates & Forecasts, by Gas Well 2018 - 2050 (USD Million)
- Fig. 48 E-Fuels Market Estimates & Forecasts, by Direct Air Capture 2018 - 2050 (USD Million)
- Fig. 49 E-Fuels Market, by Carbon Capture Type: Revenue Market Share, 2022 & 2050
- Fig. 50 E-Fuels Market Estimates & Forecasts, by Post-Combustion, 2018 - 2050 (USD Million)
- Fig. 51 E-Fuels Market Estimates & Forecasts, by Pre-Combustion 2018 - 2050 (USD Million)
- Fig. 52 E-Fuels Market Revenue, By Region, 2022 & 2050 (USD Million)
- Fig. 53 E-Fuels Regional Marketplace: Key Takeaways
- Fig. 54 E-Fuels Regional Marketplace: Key Takeaways
- Fig. 55 E-Fuels Regional Marketplace: Key Takeaways
- Fig. 56 E-Fuels market estimates & forecasts, By North America, 2018 - 2050 (USD Million)
- Fig. 57 E-Fuels market estimates & forecasts, By U.S., 2018 - 2050 (USD Million)
- Fig. 58 E-Fuels market estimates & forecasts, 2018 - 2050 (USD Million)
- Fig. 59 E-Fuels market estimates & forecasts, by Mexico, 2018 - 2050 (Tons) (USD Million)
- Fig. 60 E-Fuels market estimates & forecasts, By Europe, 2018 - 2050 (USD Million)
- Fig. 61 E-Fuels market estimates & forecasts, by Netherlands, 2018 - 2050 (USD Million)
- Fig. 62 E-Fuels Market Estimates & Forecasts, by UK 2018 - 2050 (USD Million)
- Fig. 63 E-Fuels Market Estimates & Forecasts, by Germany, 2018 - 2050 (USD Million)
- Fig. 64 E-Fuels Market Estimates & Forecasts, by France, 2018 - 2050 (USD Million)
- Fig. 65 E-Fuels Market Estimates & Forecasts, by Italy, 2018 - 2050 (USD Million)
- Fig. 66 E-Fuels Market Estimates & Forecasts, by Spain, 2018 - 2050 (USD Million)
- Fig. 67 E-Fuels Market Estimates & Forecasts, by Russia, 2018 - 2050 (USD Million)
- Fig. 68 E-Fuels market estimates & forecasts, By Asia Pacific, 2018 - 2050 (USD Million)
- Fig. 69 E-Fuels Market Estimates & Forecasts, By China, 2018 - 2050 (USD Million)
- Fig. 70 E-Fuels Market Estimates & Forecasts, by Indonesia 2018 - 2050 (USD Million)
- Fig. 71 E-Fuels Market Estimates & Forecasts, by Thailand 2018 - 2050 (USD Million)
- Fig. 72 E-Fuels market estimates & forecasts, by India, 2018 - 2050 (USD Million)
- Fig. 73 E-Fuels Market Estimates & Forecasts, by Japan 2018 - 2050 (USD Million)
- Fig. 74 E-Fuels Market Estimates & Forecasts, by South Korea 2018 - 2050 (USD Million)
- Fig. 75 E-Fuels Market Estimates & Forecasts, by Australia 2018 - 2050 (USD Million)
- Fig. 76 E-Fuels market estimates & forecasts, By Central & South America , 2018 - 2050 (USD Million)
- Fig. 77 E-Fuels market estimates & forecasts, by Brazil, 2018 - 2050 (USD Million)
- Fig. 78 E-Fuels Market Estimates & Forecasts, by Argentina 2018 - 2050 (USD Million)
- Fig. 79 E-Fuels market estimates & forecasts, By Middle East & Africa , 2018 - 2050 (USD Million)
- Fig. 80 E-Fuels market estimates & forecasts, by Saudi Arabia, 2018 - 2050 (USD Million)
- Fig. 81 E-Fuels Market Estimates & Forecasts, by UAE 2018 - 2050 (USD Million)
- Fig. 82 E-Fuels Market Estimates & Forecasts, by South Africa 2018 - 2050 (USD Million)
- Fig. 83 Company Market Share Analysis, 2022
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