Global Alternative Fuels Market 2022-2026

The publisher has been monitoring the alternative fuels market and it is poised to grow by $66.89 bn during 2022-2026, accelerating at a CAGR of 5.97% 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 global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing emissions of GHGs, incentives for the development of alternative fuels, and cessation of World Bank financing for upstream oil and gas projects after 2019.

The alternative fuels market analysis includes application segment and geographic landscape.

The alternative fuels market is segmented as below:

By Application

automotive
aviation

By Geography

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the increasing use of natural gas in the transportation sector as one of the prime reasons driving the alternative fuels market growth during the next few years. Also, the adoption of fuel cells in the 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., Gevo Inc., Hindustan Petroleum Corp. Ltd., Honeywell International Inc., LanzaTech Inc., Neste Corp., Nuvera Fuel Cells LLC, OMV Aktiengesellschaft, Petroleo Brasileiro SA, PJSC Gazprom Neft, PJSC LUKOIL, Plug Power Inc., Polski Koncern Naftowy ORLEN SA, Red Rock Biofuels LLC, Shell plc, 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.

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 accurate market growth.

1. Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2. Market Landscape

2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3. Market Sizing

3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis

4.1 Five Forces Summary
Exhibit 17: Five forces analysis - Comparison between2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5. Market Segmentation by Application

5.1 Market segments
Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application
5.3 Automotive - Market size and forecast 2021-2026
Exhibit 28: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on Automotive - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
5.4 Aviation - Market size and forecast 2021-2026
Exhibit 32: Chart on Aviation - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on Aviation - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Chart on Aviation - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Aviation - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Application
Exhibit 36: Market opportunity by Application ($ billion)

6. Customer landscape

6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7. Geographic Landscape

7.1 Geographic segmentation
Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 43: Data Table on APAC- Market size and forecast 2021-2026 ($ billion)
Exhibit 44: Chart on APAC- Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on APAC- Year-over-year growth 2021-2026 (%)
7.4 North America - Market size and forecast 2021-2026
Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.5 Europe - Market size and forecast 2021-2026
Exhibit 50: Chart on Europe- Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on Europe- Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on Europe- Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe- Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.8 China- Market size and forecast 2021-2026
Exhibit 62: Chart on China- Market size and forecast 2021-2026 ($ billion)
Exhibit 63: Data Table on China- Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Chart on China- Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on China- Year-over-year growth 2021-2026 (%)
7.9 US- Market size and forecast 2021-2026
Exhibit 66: Chart on US- Market size and forecast 2021-2026 ($ billion)
Exhibit 67: Data Table on US- Market size and forecast 2021-2026 ($ billion)
Exhibit 68: Chart on US- Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US- Year-over-year growth 2021-2026 (%)
7.10 Japan- Market size and forecast 2021-2026
Exhibit 70: Chart on UK- Market size and forecast 2021-2026 ($ billion)
Exhibit 71: Data Table on Japan- Market size and forecast 2021-2026 ($ billion)
Exhibit 72: Chart on Japan- Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Japan- Year-over-year growth 2021-2026 (%)
7.11 Germany- Market size and forecast 2021-2026
Exhibit 74: Chart on Germany- Market size and forecast 2021-2026 ($ billion)
Exhibit 75: Data Table on Germany- Market size and forecast 2021-2026 ($ billion)
Exhibit 76: Chart on Germany- Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Germany- Year-over-year growth 2021-2026 (%)
7.12 South Korea- Market size and forecast 2021-2026
Exhibit 78: Chart on South Korea- Market size and forecast 2021-2026 ($ billion)
Exhibit 79: Data Table on South Korea- Market size and forecast 2021-2026 ($ billion)
Exhibit 80: Chart on South Korea- Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on South Korea- Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 82: Market opportunity by geography ($ billion)

8. Drivers, Challenges, and Trends

8.1 Market drivers
8.1.1 Increasing emissions of GHGs
8.1.2 Incentives for the development of alternative fuels
8.1.3 Cessation of World Bank financing for upstream oil and gas projects after 2019
8.2 Market challenges
8.2.1 Fluctuations in global crude oil prices
8.2.2 Need for special infrastructure to support alternative fuels
8.2.3 Increasing emissions from airlines
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
8.4.1 Increasing use of natural gas in the transportation sector
8.4.2 Adoption of fuel cells in the transportation sector
8.4.3 Research on third-generation biofuels

9. Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business
&a

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market by Geography
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between2021 and 2026
Exhibits 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on Application - Market share 2021-2026 (%)
Exhibits 25: Data Table on Application - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by Application
Exhibits 27: Data Table on Comparison by Application
Exhibits 28: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
Exhibits 29: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
Exhibits 30: Chart on Automotive - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on Aviation - Market size and forecast 2021-2026 ($ billion)
Exhibits 33: Data Table on Aviation - Market size and forecast 2021-2026 ($ billion)
Exhibits 34: Chart on Aviation - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on Aviation - Year-over-year growth 2021-2026 (%)
Exhibits 36: Market opportunity by Application ($ billion)
Exhibits 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 38: Chart on Market share by geography 2021-2026 (%)
Exhibits 39: Data Table on Market share by geography 2021-2026 (%)
Exhibits 40: Chart on Geographic comparison
Exhibits 41: Data Table on Geographic comparison
Exhibits 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibits 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibits 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibits 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibits 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibits 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibits 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibits 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibits 56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibits 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibits 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibits 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibits 64: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibits 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibits 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibits 71: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibits 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibits 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibits 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
Exhibits 78: Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
Exhibits 79: Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
Exhibits 80: Chart on South Korea - Year-over-year growth 2021-2026 (%)
Exhibits 81: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
Exhibits 82: Market opportunity by geography ($ billion)
Exhibits 83: Impact of drivers and challenges in 2021 and 2026
Exhibits 84: Overview on Criticality of inputs and Factors of differentiation
Exhibits 85: Overview on factors of disruption
Exhibits 86: Impact of key risks on business
Exhibits 87: Vendors covered
Exhibits 88: Matrix on vendor position and classification
Exhibits 89: Ballard Power Systems Inc. - Overview
Exhibits 90: Ballard Power Systems Inc. - Business segments
Exhibits 91: Ballard Power Systems Inc. - Key news
Exhibits 92: Ballard Power Systems Inc. - Key offerings
Exhibits 93: Ballard Power Systems Inc. - Segment focus
Exhibits 94: Blossman Propane Gas and Appliance Inc. - Overview
Exhibits 95: Blossman Propane Gas and Appliance Inc. - Product / Service
Exhibits 96: Blossman Propane Gas and Appliance Inc. - Key offerings
Exhibits 97: BP Plc - Overview
Exhibits 98: BP Plc - Business segments
Exhibits 99: BP Plc - Key offerings
Exhibits 100: BP Plc - Segment focus
Exhibits 101: Chevron Corp. - Overview
Exhibits 102: Chevron Corp. - Business segments
Exhibits 103: Chevron Corp. - Key news
Exhibits 104: Chevron Corp. - Key offerings
Exhibits 105: Chevron Corp. - Segment focus
Exhibits 106: China Petrochemical Corp. - Overview
Exhibits 107: China Petrochemical Corp. - Business segments
Exhibits 108: China Petrochemical Corp. - Key offerings
Exhibits 109: China Petrochemical Corp. - Segment focus
Exhibits 110: CNOOC Ltd. - Overview
Exhibits 111: CNOOC Ltd. - Business segments
Exhibits 112: CNOOC Ltd. - Key offerings
Exhibits 113: CNOOC Ltd. - Segment focus
Exhibits 114: ENGIE SA - Overview
Exhibits 115: ENGIE SA - Business segments
Exhibits 116: ENGIE SA - Key news
Exhibits 117: ENGIE SA - Key offerings
Exhibits 118: ENGIE SA - Segment focus
Exhibits 119: Equinor ASA - Overview
Exhibits 120: Equinor ASA - Business segments
Exhibits 121: Equinor ASA - Key offerings
Exhibits 122: Equinor ASA - Segment focus
Exhibits 123: Exxon Mobil Corp. - Overview
Exhibits 124: Exxon Mobil Corp. - Business segments
Exhibits 125: Exxon Mobil Corp. - Key offerings
Exhibits 126: Exxon Mobil Corp. - Segment focus
Exhibits 127: UGI Corp. - Overview
Exhibits 128: UGI Corp. - Business segments
Exhibits 129: UGI Corp. - Key news
Exhibits 130: UGI Corp. - Key offerings
Exhibits 131: UGI Corp. - Segment focus
Exhibits 132: Inclusions checklist
Exhibits 133: Exclusions checklist
Exhibits 134: Currency conversion rates for US$
Exhibits 135: Research methodology
Exhibits 136: Validation techniques employed for market sizing
Exhibits 137: Information sources
Exhibits 138: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global alternative fuels market: 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., Gevo Inc., Hindustan Petroleum Corp. Ltd., Honeywell International Inc., LanzaTech Inc., Neste Corp., Nuvera Fuel Cells LLC, OMV Aktiengesellschaft, Petroleo Brasileiro SA, PJSC Gazprom Neft, PJSC LUKOIL, Plug Power Inc., Polski Koncern Naftowy ORLEN SA, Red Rock Biofuels LLC, Shell plc, and UGI Corp.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is increasing use of natural gas in the transportation sector.`

According to the report, one of the major drivers of this market is the increasing emissions of GHGs.

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 a SWOT analysis of the key vendors.