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 key players that are active in the market include 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 and Valero Energy Corp. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
A full report of North American E-Fuel Market available @ https://www.omrglobal.com/industry-reports/north-american-e-fuel-market
- Market Coverage
- Market number available for – 2034-2031
- Base year- 2024
- Forecast period- 2024-2031
- 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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