This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The e-fuels market size has grown exponentially in recent years. It will grow from $6.69 billion in 2024 to $8.97 billion in 2025 at a compound annual growth rate (CAGR) of 34%. The growth in the historic period can be attributed to favorable government policies to promote the use of e-fuels, environmental concerns, concerns over energy security, growth of renewable energy sector.
The e-fuels market size is expected to see exponential growth in the next few years. It will grow to $25.2 billion in 2029 at a compound annual growth rate (CAGR) of 29.5%. The growth in the forecast period can be attributed to shift towards sustainable transportation, rising awareness of climate change, expansion of renewable energy infrastructure, energy transition policies, corporate sustainability initiatives. Major trends in the forecast period include advancements in technology, product innovations, high investments, strategic partnerships.
The e-fuels market is anticipated to experience growth driven by the growing demand for the automobile sector. The automobile sector, encompassing activities related to motor vehicle design, development, and manufacturing, is witnessing robust demand driven by factors such as improved fuel efficiency, autonomous driving capabilities, and evolving consumer preferences towards mobility solutions. E-fuels provide a viable solution for reducing emissions from internal combustion engine (ICE) vehicles, addressing decarbonization needs in industries where electrification is currently not feasible. According to the India Brand Equity Foundation (IBEF), the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in December 2023 was 2.22 million units. Additionally, total passenger vehicle sales in November 2023 were 3,34,130, marking a 3.7% increase from November 2022. The growth in the automobile sector is a key driver for the expansion of the e-fuels market.
Major players in the e-fuels market are actively developing innovative technologies to address the growing global demand and boost their market revenues. Honeywell International Inc., a US-based manufacturing company, launched the UOP eFining technology in May 2023, offering a ready-now solution for producing low-carbon sustainable aviation fuel (SAF) using a methanol-to-jet fuel (MTJ) processing approach. This technology, featuring a highly integrated design and flexible feedstock processing, ensures operational reliability, minimized capital expenditures, and low energy intensity. The eFining technology is capable of reducing greenhouse gas (GHG) emissions by 88% compared to conventional jet fuel.
In July 2023, TotalEnergies Company, a France-based energy company, completed the acquisition of Total Eren SA for approximately $1.6 billion. This strategic acquisition aims to fully integrate Total Eren's teams within TotalEnergies' renewables business unit, providing a substantial boost to its integrated power net operating income and cash flow from operations. The acquisition also grants TotalEnergies access to Total Eren's ventures into green hydrogen projects in North Africa, Latin America, and Australia. Total Eren SA is a France-based independent power producer specializing in developing e-fuel projects and operating renewable energy power plants.
Major companies operating in the e-fuels market are Saudi Arabian Oil Company, ExxonMobil Corporation, Shell plc, Chevron Corporation, Archer Daniels Midland Co., Engie Energy International, Neste Oyj, Audi AG, CHS Inc., Porsche AG, Siemens Energy AG, Rolls-Royce Holdings plc, NEOM Green Hydrogen company, Enel Green Power S.p.A., MAN Energy Solutions, Ballard Power Systems Inc., Sunfire GmbH, Hexagon Agility Inc., INERATEC GmbH, Mabanaft GmbH & Co.KG, Ballard Power Systems Inc., Climeworks AG, Ceres Power Holding Plc, FuelCell Energy Inc., Arcadia eFuels.
Europe was the largest region in the e-fuels market in 2024. The regions covered in the e-fuels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the e-fuels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The e-fuels market consists of sales of pressure vessels, heat exchangers, tanks, filters, and separation equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
E-fuels, also referred to as electrofuels, represent a category of synthetic fuels manufactured utilizing electricity derived from renewable sources, water, and CO2 (Carbon Dioxide). Recognized as a sustainable alternative to traditional fossil fuels, e-fuels stand out for their environmentally friendly characteristics, as they do not emit additional CO2 during their production and usage, contributing to a climate-neutral overall balance.
The primary types of e-fuel products include e-diesel, e-gasoline, ethanol, hydrogen, e-kerosene, e-methane, e-methanol, and others. E-diesel is a synthetic diesel fuel specifically engineered for automotive use. Its production involves various technologies, including hydrogen technology, Fischer-Tropsch, and reverse water-gas shift (RWGS), resulting in e-diesel being available in both liquid and gas states. This versatile e-fuel is utilized by diverse end-users, including automotive, marine, industrial, railway, aviation, and other sectors.
The e-fuels market research report is one of a series of new reports that provides e-fuels market statistics, including e-fuels industry global market size, regional shares, competitors with e-fuels market share, detailed e-fuels market segments, market trends, and opportunities, and any further data you may need to thrive in the e-fuels industry. This e-fuels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The e-fuels market size has grown exponentially in recent years. It will grow from $6.69 billion in 2024 to $8.97 billion in 2025 at a compound annual growth rate (CAGR) of 34%. The growth in the historic period can be attributed to favorable government policies to promote the use of e-fuels, environmental concerns, concerns over energy security, growth of renewable energy sector.
The e-fuels market size is expected to see exponential growth in the next few years. It will grow to $25.2 billion in 2029 at a compound annual growth rate (CAGR) of 29.5%. The growth in the forecast period can be attributed to shift towards sustainable transportation, rising awareness of climate change, expansion of renewable energy infrastructure, energy transition policies, corporate sustainability initiatives. Major trends in the forecast period include advancements in technology, product innovations, high investments, strategic partnerships.
The e-fuels market is anticipated to experience growth driven by the growing demand for the automobile sector. The automobile sector, encompassing activities related to motor vehicle design, development, and manufacturing, is witnessing robust demand driven by factors such as improved fuel efficiency, autonomous driving capabilities, and evolving consumer preferences towards mobility solutions. E-fuels provide a viable solution for reducing emissions from internal combustion engine (ICE) vehicles, addressing decarbonization needs in industries where electrification is currently not feasible. According to the India Brand Equity Foundation (IBEF), the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in December 2023 was 2.22 million units. Additionally, total passenger vehicle sales in November 2023 were 3,34,130, marking a 3.7% increase from November 2022. The growth in the automobile sector is a key driver for the expansion of the e-fuels market.
Major players in the e-fuels market are actively developing innovative technologies to address the growing global demand and boost their market revenues. Honeywell International Inc., a US-based manufacturing company, launched the UOP eFining technology in May 2023, offering a ready-now solution for producing low-carbon sustainable aviation fuel (SAF) using a methanol-to-jet fuel (MTJ) processing approach. This technology, featuring a highly integrated design and flexible feedstock processing, ensures operational reliability, minimized capital expenditures, and low energy intensity. The eFining technology is capable of reducing greenhouse gas (GHG) emissions by 88% compared to conventional jet fuel.
In July 2023, TotalEnergies Company, a France-based energy company, completed the acquisition of Total Eren SA for approximately $1.6 billion. This strategic acquisition aims to fully integrate Total Eren's teams within TotalEnergies' renewables business unit, providing a substantial boost to its integrated power net operating income and cash flow from operations. The acquisition also grants TotalEnergies access to Total Eren's ventures into green hydrogen projects in North Africa, Latin America, and Australia. Total Eren SA is a France-based independent power producer specializing in developing e-fuel projects and operating renewable energy power plants.
Major companies operating in the e-fuels market are Saudi Arabian Oil Company, ExxonMobil Corporation, Shell plc, Chevron Corporation, Archer Daniels Midland Co., Engie Energy International, Neste Oyj, Audi AG, CHS Inc., Porsche AG, Siemens Energy AG, Rolls-Royce Holdings plc, NEOM Green Hydrogen company, Enel Green Power S.p.A., MAN Energy Solutions, Ballard Power Systems Inc., Sunfire GmbH, Hexagon Agility Inc., INERATEC GmbH, Mabanaft GmbH & Co.KG, Ballard Power Systems Inc., Climeworks AG, Ceres Power Holding Plc, FuelCell Energy Inc., Arcadia eFuels.
Europe was the largest region in the e-fuels market in 2024. The regions covered in the e-fuels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the e-fuels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The e-fuels market consists of sales of pressure vessels, heat exchangers, tanks, filters, and separation equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
E-fuels, also referred to as electrofuels, represent a category of synthetic fuels manufactured utilizing electricity derived from renewable sources, water, and CO2 (Carbon Dioxide). Recognized as a sustainable alternative to traditional fossil fuels, e-fuels stand out for their environmentally friendly characteristics, as they do not emit additional CO2 during their production and usage, contributing to a climate-neutral overall balance.
The primary types of e-fuel products include e-diesel, e-gasoline, ethanol, hydrogen, e-kerosene, e-methane, e-methanol, and others. E-diesel is a synthetic diesel fuel specifically engineered for automotive use. Its production involves various technologies, including hydrogen technology, Fischer-Tropsch, and reverse water-gas shift (RWGS), resulting in e-diesel being available in both liquid and gas states. This versatile e-fuel is utilized by diverse end-users, including automotive, marine, industrial, railway, aviation, and other sectors.
The e-fuels market research report is one of a series of new reports that provides e-fuels market statistics, including e-fuels industry global market size, regional shares, competitors with e-fuels market share, detailed e-fuels market segments, market trends, and opportunities, and any further data you may need to thrive in the e-fuels industry. This e-fuels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. E-Fuels Market Characteristics3. E-Fuels Market Trends and Strategies4. E-Fuels Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, Covid and Recovery on the Market32. Global E-Fuels Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the E-Fuels Market34. Recent Developments in the E-Fuels Market
5. Global E-Fuels Growth Analysis and Strategic Analysis Framework
6. E-Fuels Market Segmentation
7. E-Fuels Market Regional and Country Analysis
8. Asia-Pacific E-Fuels Market
9. China E-Fuels Market
10. India E-Fuels Market
11. Japan E-Fuels Market
12. Australia E-Fuels Market
13. Indonesia E-Fuels Market
14. South Korea E-Fuels Market
15. Western Europe E-Fuels Market
16. UK E-Fuels Market
17. Germany E-Fuels Market
18. France E-Fuels Market
19. Italy E-Fuels Market
20. Spain E-Fuels Market
21. Eastern Europe E-Fuels Market
22. Russia E-Fuels Market
23. North America E-Fuels Market
24. USA E-Fuels Market
25. Canada E-Fuels Market
26. South America E-Fuels Market
27. Brazil E-Fuels Market
28. Middle East E-Fuels Market
29. Africa E-Fuels Market
30. E-Fuels Market Competitive Landscape and Company Profiles
31. E-Fuels Market Other Major and Innovative Companies
35. E-Fuels Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
E-Fuels Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on e-fuels market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for e-fuels? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The e-fuels market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: E-Diesel; E-Gasoline; Ethanol; Hydrogen; E-Kerosene; E-Methane; E-Methanol; Other Products2) By Technology: Hydrogen Technology; Fischer-Tropsch; Reverse-Water-Gas-Shift (RWGS)
3) By State: Liquid; Gas
4) By End-Use: Automotive; Marine; Industrial; Railway; Aviation; Other End-Users
Subsegments:
1) By E-Diesel: Low-Carbon E-Diesel; Renewable E-Diesel; Synthetic E-Diesel2) By E-Gasoline: Synthetic E-Gasoline; Bio-Based E-Gasoline
3) By Ethanol: Renewable Ethanol; Synthetic Ethanol
4) By Hydrogen: Green Hydrogen; Blue Hydrogen; Grey Hydrogen
5) By E-Kerosene: Sustainable Aviation Fuel (SAF); Renewable E-Kerosene
6) By E-Methane: Biomethane-Based E-Methane; Synthetic E-Methane
7) By E-Methanol: Bio-Based E-Methanol; Synthetic E-Methanol
8) By Other Products: E-LPG; E-Butanol; E-DME (Dimethyl Ether); E-Propane
Key Companies Mentioned: Saudi Arabian Oil Company; ExxonMobil Corporation; Shell plc; Chevron Corporation; Archer Daniels Midland Co.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this E-Fuels market report include:- Saudi Arabian Oil Company
- ExxonMobil Corporation
- Shell plc
- Chevron Corporation
- Archer Daniels Midland Co.
- Engie Energy International
- Neste Oyj
- Audi AG
- CHS Inc.
- Porsche AG
- Siemens Energy AG
- Rolls-Royce Holdings plc
- NEOM Green Hydrogen company
- Enel Green Power S.p.A.
- MAN Energy Solutions
- Ballard Power Systems Inc.
- Sunfire GmbH
- Hexagon Agility Inc.
- INERATEC GmbH
- Mabanaft GmbH & Co.KG
- Ballard Power Systems Inc.
- Climeworks AG
- Ceres Power Holding Plc
- FuelCell Energy Inc.
- Arcadia eFuels
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | March 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 8.97 Billion |
Forecasted Market Value ( USD | $ 25.2 Billion |
Compound Annual Growth Rate | 29.5% |
Regions Covered | Global |
No. of Companies Mentioned | 26 |