The North American E-Fuel market is anticipated to grow at a CAGR 21.2% during the forecast period.  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.

The North America E-fuel market is segmented into the US and Canada. The US held the highest market share in the North American E-Fuel market. Whereas, Canada held considerable market share in the North American E-Fuel market. The North American market is driven by the supportive government policies for use of alternative fuels in transportation and other applications. International Organization of Motor Vehicle Manufacturers has published a vehicle sales statistic of the US and Canada for the period of 2014 to 2017. There has been increasing number of vehicle sales being noticed during the period, owing to the rising per capita income of the population. 

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.

Research Methodology

The market study of the North American E-Fuel market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. North American E-Fuel Market Research and Analysis by Fuel Type
2. North American E-Fuel Market Research and Analysis by Application
3. North American E-Fuel Market Research and Analysis by State of Fuel

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.