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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Spain 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.
The key players that are active in the market include AUDI AG, Ballard Power Systems, Inc., FuelCell Energy, Inc., Honda Motor Co. Ltd, The Viessmann Group, Valero Energy Corp., EnergieDienst Holding AG, SFC Energy AG4 andCeres Power Holding PLC among other.
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.
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