The North American E-Fuel market is anticipated to grow at a CAGR 21.2% during the forecast period. The factor such as well-developed information communication technology (ICT), healthcare sector, and automotive industry, and employs the adoption of larger number of advanced technologies and resources. Rapid growth in the vehicle sales in the US has augmented the interest of public authorities towards the development of green vehicles or eco-friendly vehicles. There are ranges of companies such as Tesla, Chevrolet, and Ford among other that are focusing on the manufacturing of electric vehicles. Some of the factors that are expected to increase the penetration of electric vehicles in the near future includes the rising prices of non-renewable fuel, rising government support and incentives, and environmental concerns. According to the International Energy Agency (IEA), in 2017, around 760,000 electric vehicles were sold in the US, an increase from 290,000 electric vehicles sold in 2014.
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The North America E-fuel market is segmented into the US and Canada. The US held the highest market share in the North American E-Fuel market. Whereas, Canada held considerable market share in the North American E-Fuel market. The North American market is driven by the supportive government policies for use of alternative fuels in transportation and other applications. International Organization of Motor Vehicle Manufacturers has published a vehicle sales statistic of the US and Canada for the period of 2014 to 2017. There has been increasing number of vehicle sales being noticed during the period, owing to the rising per capita income of the population.
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- Market Coverage
- Market number available for – 2019-2025
- Base year- 2019
- Forecast period- 2020-2025
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
North American E-Fuel Market by Fuel Type
- E Diesel
- E Gasoline
- Ethanol
- Hydrogen
North American E-Fuel Market by Application
- Portable
- Stationary
- Transportation
North American E-Fuel Market by State of Fuel
- Liquid Fuel
- Gas Fuel
Regional Analysis
- North American
- United States
- Canada
Company Profiles
- Ballard Power Systems Inc.
- Clean Fuel USA
- E-Fuel Corp
- Flint Hills Resources LP
- Fuel cell Energy Inc.
- Green Plains Inc.
- Hydrogenics Corp.
- Plug Power Inc.
- POET LLC
- Valero Energy Corp.
The Report Covers
- Comprehensive research methodology of the North American E-Fuel market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American E-Fuel market.
- Insights about market determinants which are stimulating the North American E-Fuel market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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