Spain E Fuel Market Size & Outlook, 2023-2050
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Spain e fuel market highlights
- The Spain e fuel market generated a revenue of USD 7,001.8 million in 2023 and is expected to reach USD 688,747.8 million by 2050.
- The Spain market is expected to grow at a CAGR of 18.5% from 2024 to 2050.
- In terms of segment, ethanol was the largest revenue generating product in 2023.
- E-Methanol is the most lucrative product segment registering the fastest growth during the forecast period.
E fuel market data book summary
| Market revenue in 2023 | USD 7,001.8 million |
| Market revenue in 2050 | USD 688,747.8 million |
| Growth rate | 18.5% (CAGR from 2023 to 2050) |
| Largest segment | Ethanol |
| Fastest growing segment | E-Methanol |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2050 |
| Quantitative units | Revenue in USD million |
| Market segmentation | E-Diesel, Ethanol, Hydrogen, 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, Spain accounted for 5.6% of the global e fuel market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2050.
- In Europe, Germany e fuel market is projected to lead the regional market in terms of revenue in 2050.
- France is the fastest growing regional market in Europe and is projected to reach USD 525,794.8 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 |
Spain 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 36.73% in 2023. Horizon Databook has segmented the Spain e fuel market based on e-diesel, ethanol, hydrogen, e-methanol covering the revenue growth of each sub-segment from 2018 to 2050.
According to the United Nations Conference on Trade and Development, in October 2022, the government of Spain introduced Royal Decree-law 18/2022, allowing unimpeded depreciation and amortization for corporate income tax benefits.
This is applicable to investments in facilities aimed at self-consuming electricity from renewable sources. Moreover, the same incentive extends to investments in thermal facilities intended for personal use, utilizing energy sourced from renewables.
Such measures apply to investments up to a maximum of USD 49,235.8, signaling a supportive stance towards renewable fuel adoption and the transition from fossil fuels. These government policies and measures are expected to further drive the demand for e-fuels in the country over the forecast period.
Reasons to subscribe to Spain e fuel market databook:
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Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Spain 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 country-level data and insights on the Spain e fuel market , including forecasts for subscribers. This country databook contains high-level insights into Spain e fuel market from 2018 to 2050, including revenue numbers, major trends, and company profiles.
Partial client list
Spain e fuel market size, by product, 2018-2050 (US$M)
Spain E Fuel Market Outlook Share, 2023 & 2050 (US$M)
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