Global Alternative Fuels Market Analysis & Industry Forecast 2016-2024

New York, USA, 2018-Nov-30 — /EPR Network/ —

With the rising population, there is a need to transform the pattern of fuel consumption in order to sustain their demands. Use of alternate fuels is 30% cost efficient and 100% lower emission. Over the past decade, vehicles using alternate fuels have covered over 1 billion miles. Thus, alternative fuels market is likely to reach USD 248.3 billion by 2024. However, major challenge faced by alternate fuels market is the production of these fuels.

According to Goldstein Research, major driving factor for the growth of alternate fuels market is the environmental concerns that are causing the limitation over the use of non-renewable fuels such as petrol and diesel. Policies on renewable energy dependence and climate change has also propelled the growth of biofuel market which is expected to grow at a CAGR of 4.92% over the forecast period and biofuel industry  size is set to reach 246.52% by 2024.

Global Alternative Fuel Market Outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe. Additionally, developing regions such as Asia-Pacific, Latin America and South Africa have captured larger market share of the renewable energy sources than the developed regions.

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Market Segmentation


On the basis of our in-depth analysis, global alternative fuel market can be segmented as follows:


By Types


  • Natural Gas
  • Biodiesel
  • Electricity
  • Ethanol
  • Hydrogen
  • Propane

By End-User


  • Automobile industry
  • Chemical industry
  • Defense and Aviation Sector
  • Energy Sector

 Based on Geography


  • North America (U.S. & Canada) Alternative Fuel Market {Market Share (%), Market Size(USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Alternative Fuel Market {Market Share (%), Market Size(USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Alternative Fuel Market {Market Share (%), Market Size(USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Alternative Fuel Market {Market Share (%), Market Size(USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Alternative Fuel Market {Market Share (%), Market Size(USD Billion)}

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In creating sustainable society and reducing dependency over fossil fuels, production of biogas also plays a vital role. Globally, biogas has been accepted as one of the most upfront technology for green energy production. Rising need of biogas between industrial process, municipalities and farmers to meet the growing demand of energy is likely to strengthen biogas plant market.




“Global Alternative Fuel Market Outlook 2024” contains detailed overview of the global Alternative Fuel market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by type and by end-users.

Further, for the in-depth analysis, Global Alternative Fuel Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market report also includes competitive outlook of some of the major players profiling of companies such as Archer Daniel Midland, Neste, Renewable Energy Group, Cosan, Guangzhou Devotion Thermal Technology, Fujian Zhongde Energy, Gushan Environmental Energy, Henan Tianguan Enterprise and Jiangsu Hengshunda Bio-Energy etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global Alternative Fuel market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.


About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on energy industry analysis reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Contact for more Info:

Steve Blade

(Global Sales Head)

USA: + 1-646-568-7747

Canada:  1-437-886-1181

UK: +44-203-318-6627

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