Global Alternative Fuels Market Size & Outlook, 2024-2030
Global alternative fuels market, 2018-2030 (US$M)
Related Markets
Global alternative fuels market highlights
- The global alternative fuels market generated a revenue of USD 294.0 million in 2024 and is expected to reach USD 512.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 9.8% by 2030.
- In terms of segment, natural gas accounted for a revenue of USD 95.1 million in 2024.
- Hydrogen is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Spain is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 294.0 million |
| Market revenue in 2030 | USD 512.4 million |
| Growth rate | 9.8% (CAGR from 2025 to 2030) |
| Largest segment | Natural gas |
| Fastest growing segment | Hydrogen |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Gas, Biodiesel, Ethanol, Hydrogen |
Other key industry trends
- In terms of revenue, the North America accounted for 24.9% of the global alternative fuels market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Spain is the fastest growing regional market and is projected to reach USD 15.1 million by 2030.
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Alternative Fuels Market Scope
Alternative Fuels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global alternative fuels 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 alternative fuels market will help companies and investors design strategic landscapes.
Natural gas was the largest segment with a revenue share of 32.35% in 2024. Horizon Databook has segmented the Global alternative fuels market based on natural gas, biodiesel, ethanol, hydrogen covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Alternative Fuels Type Outlook (Revenue, USD Million, 2018-2030)
- Natural Gas
- Biodiesel
- Ethanol
- Hydrogen
- Others
- Global Alternative Fuels Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Luxury Vehicle
- Global Alternative Fuels End Use Outlook (Revenue, USD Million, 2018-2030)
- Transportation
- Chemical
- Agricultural
- Industrial
- Others
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Target buyers of Global alternative fuels market databook
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Our clientele includes a mix of alternative fuels 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 global-level data and insights on the Global alternative fuels market , including forecasts for subscribers. This global databook contains high-level insights into Global alternative fuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global alternative fuels market size, by regions, 2018-2030 (US$M)
Top 10 countries: Alternative fuels market size, 2024 (US$M)
Global alternative fuels market share, by type, 2024 & 2030 (%, US$M)
Alternative fuels market: Opportunity assessment by country
Global alternative fuels market, by region, 2024 (US$M)
Related regional statistics
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