North America E Fuel Market Size & Outlook, 2023-2050
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North America e fuel market highlights
- The North America e fuel market generated a revenue of USD 34,758.2 million in 2023.
- The market is expected to grow at a CAGR of 19.8% from 2024 to 2050.
- In terms of segment, ethanol was the largest revenue generating product in 2023.
- E-Gasoline is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2050.
North America data book summary
| Market revenue in 2023 | USD 34,758.2 million |
| Market revenue in 2050 | USD 4,591,913.4 million |
| Growth rate | 19.8% (CAGR from 2023 to 2050) |
| Largest segment | Ethanol |
| Fastest growing segment | E-Gasoline |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2050 |
| Quantitative units | Revenue in USD million |
| Market segmentation | E-Diesel, E-Gasoline, Ethanol, E-Methane, Hydrogen, E-Kerosene, E-Methanol |
| Key market players worldwide | Archer-Daniels Midland Co, Ballard Power Systems Inc, Ceres Power Holdings PLC, Hexagon Composites ASA, Neste OYJ, Clean Fuels Alliance America, Climeworks, EFUEL |
Other key industry trends
- In terms of revenue, North America region accounted for 27.8% of the global e fuel market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2050.
- North America is the fastest growing regional market and is projected to reach USD 4,591,913.4 million by 2050.
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E Fuel Market Scope
E Fuel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| EFUEL | View profile | 11-50 | Los Gatos, California, United States, North America | http://www.efuel100.com |
| Climeworks | View profile | 251-500 | Zürich, Zurich, Switzerland, Europe | http://www.climeworks.com |
| Clean Fuels Alliance America | View profile | 11-50 | Jefferson City, Montana, United States, North America | https://www.nbb.org/ |
| Hexagon Composites ASA | View profile | 1149 | Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, Norway, 6002 | https://www.hexagongroup.com |
| Neste OYJ | View profile | 5942 | Keilaranta 21, P.O. Box 95, Neste, Espoo, Finland, 00095 | https://www.neste.com |
| Ceres Power Holdings PLC | View profile | 591 | Foundry Lane, Viking House, Horsham, West Sussex, United Kingdom, RH13 5PX | https://www.cerespower.com |
| Ballard Power Systems Inc | View profile | 1173 | 9000 Glenlyon Parkway, Burnaby, BC, Canada, V5J 5J8 | https://www.ballard.com |
| Archer-Daniels Midland Co | View profile | 41802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | https://www.adm.com |
North America e fuel 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 e fuel market will help companies and investors design strategic landscapes.
Ethanol was the largest segment with a revenue share of 31.4% in 2023. Horizon Databook has segmented the North America e fuel market based on e-diesel, e-gasoline, ethanol, e-methane, hydrogen, e-kerosene, e-methanol covering the revenue growth of each sub-segment from 2018 to 2050.
The North American market for e-fuels is driven by significant support from the federal government of the countries. Countries such as the U.S. and Canada provide substantial funds for pilot-scale projects to aid advancements in research & development for renewable fuel technologies.
The increased implementation of stringent rules to minimize greenhouse gas emissions and boost knowledge about clean energy in countries such as the U.S. and Canada is expected to drive the market in the region over the forecast period.
For instance, in the U.S., the Charging and Fueling Infrastructure Discretionary Grant Program (CFI Program) provides funding for renewable fuels development in the country under the Alternative Fuel Corridor Grants (Corridor Program) and the Community Charging and Fueling Grants (Community Program).
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Target buyers of North America e fuel market databook
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Our clientele includes a mix of e fuel 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 continent-level data and insights on the North America e fuel market , including forecasts for subscribers. This continent databook contains high-level insights into North America e fuel market from 2018 to 2050, including revenue numbers, major trends, and company profiles.
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North America e fuel market size, by country, 2018-2050 (US$M)
North America E Fuel Market Outlook Share, 2023 & 2050 (US$M)
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