Spain E-Fuel market is anticipated to grow at a CAGR 23.6% during the forecast period. Spain is amongst one of the world leaders in terms of renewable energies both as a producer of renewable energy and exporter of such technology. The country has witnessed significant shift from non-renewable sources of energy to renewable sources of energy in recent years to combat GHG emissions and global warming problems. Rising gasoline-powered automobile fleet size is contributing majorly to overall GHG emissions in the country and has become a major concern for the country. Though the country has witnessed significant increase in numbers of electric vehicle sales in recent years, however majority of the vehicle sales is dominated by gasoline-based vehicles.
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These vehicles emit carbon dioxide which contributes majorly to the GHG emission. Thus, there is a strong need of e-fuels such as e-diesel and hydrogen fuel cells as an alternative fuel to be used in various end-user industry verticals. Spain is the 5th leading market for vehicle in the Europe. By sales Spain is the 5th largest market in Europe however it is the 2nd largest manufacturer of vehicles in Europe. About 17 manufacturing plants installed in Spanish territory with more than 1000 companies manufacturing spare parts and equipment for OEMs. The country exports about 83% of the total vehicle manufactured to over 100 countries which represents 10% of the GDP and 19% of the total export.
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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
SPAIN E-Fuel Market by Fuel Type
- E Diesel
- E Gasoline
- Ethanol
- Hydrogen
SPAIN E-Fuel Market by Application
- Portable
- Stationary
- Transportation
SPAIN E-Fuel Market by State of Fuel
- Liquid Fuel
- Gas Fuel
Company Profiles
- AUDI AG
- Ballard Power Systems, Inc.
- Ceres Power Holding PLC
- EnergieDienst Holding AG
- FuelCell Energy, Inc.
- Honda Motor Co. Ltd
- SFC Energy AG4
- The Viessmann Group
- Valero Energy Corp.
The Report Covers
- Comprehensive research methodology of the Spain 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 Spain E-Fuel market.
- Insights about market determinants which are stimulating the Spain 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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