The Japan E-Fuel market is anticipated to grow at a CAGR 23.8% during the forecast period. The sale of electric vehicles in Japan has increased significantly during the forecast period. Hydrogen fuel cell based electric vehicles are another type of electric vehicles which use hydrogen as a fuel to generate electricity. As the sales of electric vehicles increase across Japan, the demand of hydrogen as a fuel for such vehicles is also expected to increase significantly thereby creating opportunity for the growth of the market over the forecast period. According to the International energy association, in 2017, 330 hydrogen re-fueling stations are in operation across the globe out of which majority are in Japan. This signifies the developed hydrogen fuel infrastructure in Japan which would further promote the growth of the market over the forecast period.
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Technological developments in Japan are paving the way for developing creative ways for development of e-fuel. For instance, Japan is using renewable methane from sewage fields in order to fulfill the demand of hydrogen in order to run a recharging station. Toyota is one of the key players which are manufacturing fuel cell-based vehicles. According to the international council of clean transportation, nearly achieving its target, Japan had a total of 90 active stations by August 2017. As per the government plans, the network will double itself by the end of 2020, in order to meet the demands created due to Tokyo Olympics. Furthermore, the government aims to twofold this number as well so as to meet the demand in the coming years.
Japan E-Fuel market is segmented on the basis of fuel type, application and state of fuel. Based on fuel type, the market is segmented into E diesel, E gasoline, ethanol and hydrogen. Based on application, the market is segmented into portable, stationary and transportation. Based on state of fuel, the market is segmented into liquid fuel and gas fuel.
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Japan E-Fuel Market Segmentation
By Fuel Type
· E Diesel
· E Gasoline
· Ethanol
· Hydrogen
By Application
· Portable
· Stationary
· Transportation
By State of Fuel
· Liquid Fuel
· Gas Fuel
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
