Summary

Global Alternative Fuels Market 2024-2028
The alternative fuels market is forecasted to grow by USD 94.6 bn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the alternative fuels market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing emissions of GHGS, incentives for development of alternative fuels, and rising need for cleaner fuels.
Technavio's alternative fuels market is segmented as below:
By Application
• Automotive
• Aviation
By Type
• Passenger cars
• Commercial vehicles
By Geographical Landscape
• APAC
• North America
• Europe
• South America
• Middle East and Africa
This study identifies the increasing use of alternative fuels in transportation sector as one of the prime reasons driving the alternative fuels market growth during the next few years. Also, adoption of fuel cells in transportation sector and research on third-generation biofuels will lead to sizable demand in the market.
The report on the alternative fuels market covers the following areas:
• Alternative fuels market sizing
• Alternative fuels market forecast
• Alternative fuels market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading alternative fuels market vendors that include Ballard Power Systems Inc., Blossman Propane Gas and Appliance Inc., BP Plc, Chevron Corp., China Petrochemical Corp., CNOOC Ltd., ENGIE SA, Equinor ASA, Exxon Mobil Corp., Gazprom International Ltd., Gevo Inc., Hindustan Petroleum Corp. Ltd., Honeywell International Inc., LanzaTech Global Inc., Neste Corp., Nuvera Fuel Cells LLC, OMV Aktiengesellschaft, Petroleo Brasileiro SA, PJSC LUKOIL, and UGI Corp.. Also, the alternative fuels market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors. For further information on this report, please visit - https://www.technavio.com/report/alternative-fuels-market-industry-analysis
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

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Table of Contents

• 1 Executive Summary
o 1.1 Market overview
o Executive Summary - Chart on Market Overview
o Executive Summary - Data Table on Market Overview
o Executive Summary - Chart on Global Market Characteristics
o Executive Summary - Chart on Market By Geographical Landscape
o Executive Summary - Chart on Market Segmentation by Application
o Executive Summary - Chart on Market Segmentation by Type
o Executive Summary - Chart on Incremental Growth
o Executive Summary - Data Table on Incremental Growth
o Executive Summary - Chart on Company Market Positioning
• 2 Market Landscape
o 2.1 Market ecosystem
o Parent Market
o Data Table on - Parent Market
o 2.2 Market characteristics
o Market characteristics analysis
o 2.3 Value chain analysis
o Value Chain Analysis
• 3 Market Sizing
o 3.1 Market definition
o Offerings of companies included in the market definition
o 3.2 Market segment analysis
o Market segments
o 3.3 Market size 2023
o 3.4 Market outlook: Forecast for 2023-2028
o Chart on Global - Market size and forecast 2023-2028 ($ billion)
o Data Table on Global - Market size and forecast 2023-2028 ($ billion)
o Chart on Global Market: Year-over-year growth 2023-2028 (%)
o Data Table on Global Market: Year-over-year growth 2023-2028 (%)
• 4 Historic Market Size
o 4.1 Global Alternative Fuels Market 2018 - 2022
o Historic Market Size - Data Table on Global Alternative Fuels Market 2018 - 2022 ($ billion)
o 4.2 Application segment analysis 2018 - 2022
o Historic Market Size - Application Segment 2018 - 2022 ($ billion)
o 4.3 Type segment analysis 2018 - 2022
o Historic Market Size - Type Segment 2018 - 2022 ($ billion)
o 4.4 Geography segment analysis 2018 - 2022
o Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
o 4.5 Country segment analysis 2018 - 2022
o Historic Market Size - Country Segment 2018 - 2022 ($ billion)
• 5 Five Forces Analysis
o 5.1 Five forces summary
o Five forces analysis - Comparison between 2023 and 2028
o 5.2 Bargaining power of buyers
o Bargaining power of buyers - Impact of key factors 2023 and 2028
o 5.3 Bargaining power of suppliers
o Bargaining power of suppliers - Impact of key factors in 2023 and 2028
o 5.4 Threat of new entrants
o Threat of new entrants - Impact of key factors in 2023 and 2028
o 5.5 Threat of substitutes
o Threat of substitutes - Impact of key factors in 2023 and 2028
o 5.6 Threat of rivalry
o Threat of rivalry - Impact of key factors in 2023 and 2028
o 5.7 Market condition
o Chart on Market condition - Five forces 2023 and 2028
• 6 Market Segmentation by Application
o 6.1 Market segments
o Chart on Application - Market share 2023-2028 (%)
o Data Table on Application - Market share 2023-2028 (%)
o 6.2 Comparison by Application
o Chart on Comparison by Application
o Data Table on Comparison by Application
o 6.3 Automotive - Market size and forecast 2023-2028
o Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
o Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
o Chart on Automotive - Year-over-year growth 2023-2028 (%)
o Data Table on Automotive - Year-over-year growth 2023-2028 (%)
o 6.4 Aviation - Market size and forecast 2023-2028
o Chart on Aviation - Market size and forecast 2023-2028 ($ billion)
o Data Table on Aviation - Market size and forecast 2023-2028 ($ billion)
o Chart on Aviation - Year-over-year growth 2023-2028 (%)
o Data Table on Aviation - Year-over-year growth 2023-2028 (%)
o 6.5 Market opportunity by Application
o Market opportunity by Application ($ billion)
o Data Table on Market opportunity by Application ($ billion)
• 7 Market Segmentation by Type
o 7.1 Market segments
o Chart on Type - Market share 2023-2028 (%)
o Data Table on Type - Market share 2023-2028 (%)
o 7.2 Comparison by Type
o Chart on Comparison by Type
o Data Table on Comparison by Type
o 7.3 Passenger cars - Market size and forecast 2023-2028
o Chart on Passenger cars - Market size and forecast 2023-2028 ($ billion)
o Data Table on Passenger cars - Market size and forecast 2023-2028 ($ billion)
o Chart on Passenger cars - Year-over-year growth 2023-2028 (%)
o Data Table on Passenger cars - Year-over-year growth 2023-2028 (%)
o 7.4 Commercial vehicles - Market size and forecast 2023-2028
o Chart on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
o Data Table on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
o Chart on Commercial vehicles - Year-over-year growth 2023-2028 (%)
o Data Table on Commercial vehicles - Year-over-year growth 2023-2028 (%)
o 7.5 Market opportunity by Type
o Market opportunity by Type ($ billion)
o Data Table on Market opportunity by Type ($ billion)
• 8 Customer Landscape
o 8.1 Customer landscape overview
o Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
• 9 Geographic Landscape
o 9.1 Geographic segmentation
o Chart on Market share By Geographical Landscape 2023-2028 (%)
o Data Table on Market share By Geographical Landscape 2023-2028 (%)
o 9.2 Geographic comparison
o Chart on Geographic comparison
o Data Table on Geographic comparison
o 9.3 APAC - Market size and forecast 2023-2028
o Chart on APAC - Market size and forecast 2023-2028 ($ billion)
o Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
o Chart on APAC - Year-over-year growth 2023-2028 (%)
o Data Table on APAC - Year-over-year growth 2023-2028 (%)
o 9.4 North America - Market size and forecast 2023-2028
o Chart on North America - Market size and forecast 2023-2028 ($ billion)
o Data Table on North America - Market size and forecast 2023-2028 ($ billion)
o Chart on North America - Year-over-year growth 2023-2028 (%)
o Data Table on North America - Year-over-year growth 2023-2028 (%)
o 9.5 Europe - Market size and forecast 2023-2028
o Chart on Europe - Market size and forecast 2023-2028 ($ billion)
o Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
o Chart on Europe - Year-over-year growth 2023-2028 (%)
o Data Table on Europe - Year-over-year growth 2023-2028 (%)
o 9.6 South America - Market size and forecast 2023-2028
o Chart on South America - Market size and forecast 2023-2028 ($ billion)
o Data Table on South America - Market size and forecast 2023-2028 ($ billion)
o Chart on South America - Year-over-year growth 2023-2028 (%)
o Data Table on South America - Year-over-year growth 2023-2028 (%)
o 9.7 Middle East and Africa - Market size and forecast 2023-2028
o Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
o Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
o Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
o Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
o 9.8 China - Market size and forecast 2023-2028
o Chart on China - Market size and forecast 2023-2028 ($ billion)
o Data Table on China - Market size and forecast 2023-2028 ($ billion)
o Chart on China - Year-over-year growth 2023-2028 (%)
o Data Table on China - Year-over-year growth 2023-2028 (%)
o 9.9 US - Market size and forecast 2023-2028
o Chart on US - Market size and forecast 2023-2028 ($ billion)
o Data Table on US - Market size and forecast 2023-2028 ($ billion)
o Chart on US - Year-over-year growth 2023-2028 (%)
o Data Table on US - Year-over-year growth 2023-2028 (%)
o 9.10 Japan - Market size and forecast 2023-2028
o Chart on Japan - Market size and forecast 2023-2028 ($ billion)
o Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
o Chart on Japan - Year-over-year growth 2023-2028 (%)
o Data Table on Japan - Year-over-year growth 2023-2028 (%)
o 9.11 South Korea - Market size and forecast 2023-2028
o Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
o Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
o Chart on South Korea - Year-over-year growth 2023-2028 (%)
o Data Table on South Korea - Year-over-year growth 2023-2028 (%)
o 9.12 Germany - Market size and forecast 2023-2028
o Chart on Germany - Market size and forecast 2023-2028 ($ billion)
o Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
o Chart on Germany - Year-over-year growth 2023-2028 (%)
o Data Table on Germany - Year-over-year growth 2023-2028 (%)
o 9.13 Market opportunity By Geographical Landscape
o Market opportunity By Geographical Landscape ($ billion)
o Data Tables on Market opportunity By Geographical Landscape ($ billion)
• 10 Drivers, Challenges, and Opportunity/Restraints
o 10.1 Market drivers
o 10.2 Market challenges
o 10.3 Impact of drivers and challenges
o Impact of drivers and challenges in 2023 and 2028
o 10.4 Market opportunities/restraints
• 11 Competitive Landscape
o 11.1 Overview
o 11.2 Competitive Landscape
o Overview on criticality of inputs and factors of differentiation
o 11.3 Landscape disruption
o Overview on factors of disruption
o 11.4 Industry risks
o Impact of key risks on business
• 12 Competitive Analysis
o 12.1 Companies profiled
o Companies covered
o 12.2 Market positioning of companies
o Matrix on companies position and classification
o 12.3 Ballard Power Systems Inc.
o Ballard Power Systems Inc. - Overview
o Ballard Power Systems Inc. - Product / Service
o Ballard Power Systems Inc. - Key news
o Ballard Power Systems Inc. - Key offerings
o 12.4 Blossman Propane Gas and Appliance Inc.
o Blossman Propane Gas and Appliance Inc. - Overview
o Blossman Propane Gas and Appliance Inc. - Product / Service
o Blossman Propane Gas and Appliance Inc. - Key offerings
o 12.5 BP Plc
o BP Plc - Overview
o BP Plc - Business segments
o BP Plc - Key news
o BP Plc - Key offerings
o BP Plc - Segment focus
o 12.6 Chevron Corp.
o Chevron Corp. - Overview
o Chevron Corp. - Business segments
o Chevron Corp. - Key news
o Chevron Corp. - Key offerings
o Chevron Corp. - Segment focus
o 12.7 China Petrochemical Corp.
o China Petrochemical Corp. - Overview
o China Petrochemical Corp. - Business segments
o China Petrochemical Corp. - Key news
o China Petrochemical Corp. - Key offerings
o China Petrochemical Corp. - Segment focus
o 12.8 CNOOC Ltd.
o CNOOC Ltd. - Overview
o CNOOC Ltd. - Business segments
o CNOOC Ltd. - Key offerings
o CNOOC Ltd. - Segment focus
o 12.9 ENGIE SA
o ENGIE SA - Overview
o ENGIE SA - Business segments
o ENGIE SA - Key news
o ENGIE SA - Key offerings
o ENGIE SA - Segment focus
o 12.10 Equinor ASA
o Equinor ASA - Overview
o Equinor ASA - Business segments
o Equinor ASA - Key news
o Equinor ASA - Key offerings
o Equinor ASA - Segment focus
o 12.11 Exxon Mobil Corp.
o Exxon Mobil Corp. - Overview
o Exxon Mobil Corp. - Business segments
o Exxon Mobil Corp. - Key news
o Exxon Mobil Corp. - Key offerings
o Exxon Mobil Corp. - Segment focus
o 12.12 Gazprom International Ltd.
o Gazprom International Ltd. - Overview
o Gazprom International Ltd. - Product / Service
o Gazprom International Ltd. - Key offerings
o 12.13 Gevo Inc.
o Gevo Inc. - Overview
o Gevo Inc. - Business segments
o Gevo Inc. - Key news
o Gevo Inc. - Key offerings
o Gevo Inc. - Segment focus
o 12.14 Hindustan Petroleum Corp. Ltd.
o Hindustan Petroleum Corp. Ltd. - Overview
o Hindustan Petroleum Corp. Ltd. - Business segments
o Hindustan Petroleum Corp. Ltd. - Key news
o Hindustan Petroleum Corp. Ltd. - Key offerings
o Hindustan Petroleum Corp. Ltd. - Segment focus
o 12.15 Honeywell International Inc.
o Honeywell International Inc. - Overview
o Honeywell International Inc. - Business segments
o Honeywell International Inc. - Key news
o Honeywell International Inc. - Key offerings
o Honeywell International Inc. - Segment focus
o 12.16 LanzaTech Global Inc.
o LanzaTech Global Inc. - Overview
o LanzaTech Global Inc. - Product / Service
o LanzaTech Global Inc. - Key news
o LanzaTech Global Inc. - Key offerings
o 12.17 UGI Corp.
o UGI Corp. - Overview
o UGI Corp. - Business segments
o UGI Corp. - Key offerings
o UGI Corp. - Segment focus
• 13 Appendix
o 13.1 Scope of the report
o 13.2 Inclusions and exclusions checklist
o Inclusions checklist
o Exclusions checklist
o 13.3 Currency conversion rates for US$
o Currency conversion rates for US$
o 13.4 Research methodology
o Research methodology
o 13.5 Data procurement
o Information sources
o 13.6 Data validation
o Data validation
o 13.7 Validation techniques employed for market sizing
o Validation techniques employed for market sizing
o 13.8 Data synthesis
o Data synthesis
o 13.9 360 degree market analysis
o 360 degree market analysis
o 13.10 List of abbreviations
o List of abbreviations