UAE E Fuel Market Size & Outlook, 2023-2050
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UAE e fuel market highlights
- The UAE e fuel market generated a revenue of USD 1,634.9 million in 2023 and is expected to reach USD 68,944.4 million by 2050.
- The UAE market is expected to grow at a CAGR of 14.9% from 2024 to 2050.
- In terms of segment, hydrogen 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 1,634.9 million |
| Market revenue in 2050 | USD 68,944.4 million |
| Growth rate | 14.9% (CAGR from 2023 to 2050) |
| Largest segment | Hydrogen |
| Fastest growing segment | E-Methanol |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2050 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 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, UAE accounted for 1.3% 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 Middle East & Africa, UAE e fuel market is projected to lead the regional market in terms of revenue in 2050.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 52,138.7 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 |
UAE 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.
Hydrogen was the largest segment with a revenue share of 39.52% in 2023. Horizon Databook has segmented the UAE e fuel market based on ethanol, hydrogen, e-methanol covering the revenue growth of each sub-segment from 2018 to 2050.
The UAE market for e-fuels is growing significantly owing to several government initiatives and investments carrying out in the country. For instance, the United Arab Emirates (UAE) National Energy Strategy 2050 plan launched by the government aims at reducing carbon emissions caused by conventional petroleum-based fuels to 44% by 2050.
To align with this plan, in July 2023, the government invested USD 54.5 billion for the development and production of renewable fuels such as e-gasoline, ediesel, green hydrogen, and others in the country.
Reasons to subscribe to UAE 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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Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
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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 UAE 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 UAE e fuel market , including forecasts for subscribers. This country databook contains high-level insights into UAE e fuel market from 2018 to 2050, including revenue numbers, major trends, and company profiles.
Partial client list
UAE e fuel market size, by product, 2018-2050 (US$M)
UAE E Fuel Market Outlook Share, 2023 & 2050 (US$M)
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