Global Alternatively Powered Commercial Vehicles Fuel Market Report 2021: 2020 Data, 2021 Estimates & Projections through 2026
Dublin, July 07, 2021 (GLOBE NEWSWIRE) -- The "Alternatively Powered Commercial Vehicles: Global Fuel Markets 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global market for alternative fuel for all classes of commercial vehicles with oil prices at $40 per barrel should grow from $11.1 billion in 2021 to $19.4 billion by 2026 with a compound annual growth rate (CAGR) of 11.8% for the period of 2021-2026.
This report focuses on 10 major alternative fuels for commercial vehicles across North America; Latin America; Europe, the Middle East and Africa (EMEA); and the Asia-Pacific.
Alternative fuels are increasingly popular as countries seek energy independence and attempt to lower harmful emissions. The U.S. has led this effort and makes fuels from vegetables, restaurant grease and other materials for use in dedicated and flex-fuel vehicles. In dedicated vehicles, a single type of fuel can work but in flex-fuel vehicles, multiple types of fuels can be used by blending of fuels in a standard ratio as suggested by vehicles manufacturers.
This report considers several types of vehicles. Medium and heavy-duty type commercial vehicles command a major share of the market.
There are three price points considered for developing a complete understanding of alternative fuels for commercial vehicles: $40 barrel per thousand units, $80 barrel per thousand units and $120 barrel per thousand units. Most commonly, the price of fuel depends on the quality and effectiveness of fuel.
We have also covered information for industry leaders as well as for followers in the company profile chapter, key developments, and competition landscape, and others. The impact of COVID-19 is also covered in the scope of this report.
All market values are in U.S. dollar ($) millions and all are calculated as nominal value; 2020 is considered as the base year and 2021 as the projected year, with values forecast from 2022 to 2026. The market values are forecasted based on projected growth in various industries.
This updated report includes the impact of COVID-19 on the consumption of alternative fuels for commercial vehicles. Although there is a lack of data pertaining to the consumption of alternative fuels for commercial vehicles in 2020, the passenger car segment was hard-hit compared to commercial vehicles. Furthermore, the prices of conventional fuels went high during the pandemic period, which indirectly pushed the sales of alternatively powered vehicles as well as the consumption of alternative fuels.
The Report Includes
An up-to-date market analysis of the global market for alternative fuel-powered commercial vehicles and their variants
Analyses of the global market trends, with data from 2020, estimates for 2021 and projections of compound annual growth rates (CAGRs) through 2026
Estimation of current market size and market forecast for alternative powered commercial vehicles, and corresponding market share analysis by type of vehicle, power source, and geographic region
Evaluation of the breakeven oil price points for each fuel for each region at which they produce a favorable payback for commercial vehicles
Highlights of the current and future commercial vehicle demand for each alternative fuel, each category of commercial vehicle and each global region from 2020 through 2026
In-depth information (facts and figures) concerning market drivers, restraints and other forces affecting the progress of this market
Identification of the key stakeholders in the market, including on-board alternative fuel components and system suppliers, engine original equipment manufacturers (OEMs), commercial vehicle OEMs, stationary alternative fuel support equipment suppliers, methanol producers, biofuel producers, public natural gas utility companies, storage and transportation companies, refining and marketing companies, exploration and production companies, integrated oil and gas companies, and oil and gas services companies
Descriptive company profiles of the leading industry players, including AB Volvo, Autocar Truck, Nissan Diesel, Mercedes Benz, Mitsubishi Fuso, Volvo Trucks Petronas Chemicals Group Berhad and Schlumberger
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Key Insights from Industry Leaders
Chapter 3 Market Background
Introduction
Historical and Currently Dominant Fuels
Fuels at the Dawn of the Internal Combustion Age
Dominant Fuels
Alternative Fuels
Alternative Fuel Feedstocks
Liquids
Gasses
Chapter 4 Requisite Enabling Systems for Alternative Fuels
Introduction and Objectives
Three Major Fuel System Approaches by Combustion Ignition Method
Fuel Additives for Liquid Alternative Fuels
Spark Plug or Glow Plug Ignition
Pilot Injection with High-Pressure Direct Injection
Dual Fuel
Component Portions Among Alternative Fuels
Onboard Vehicle
Stationary Support Equipment
Methanol
Stationary Support Equipment
Ethanol
Stationary Support Equipment
Biodiesel
Compressed Natural Gas
Liquefied Natural Gas
Liquid Propane Gas
Dimethyl Either
Compressed Hydrogen
Liquefied Hydrogen
Hythane
Chapter 5 Business Case Economics by Fuel Type and Region
Introduction of the Key Graph Format Definitions and Interpretation
Methanol
North America
Latin America
Europe, Middle East and Africa
Asia-Pacific
Compressed Natural Gas
Liquid Natural Gas
Liquid Propane Gas
Dimethyl Ether
Compressed Hydrogen
Liquid Hydrogen
Hythane
Summary of All Alternative Fuels by Region
Chapter 6 Market Size and Forecast for Alternative Fuels by Vehicle Class
Introduction
Base-Case Scenario: Long-Term Oil Prices at $80 per Barrel
High Oil Price Scenario: Long-Term Oil Price At $120 per Barrel
Low Oil Price Scenario: Long-Term Oil Price At $40 per Barrel
Chapter 7 Company Profiles
Engine Original Equipment Manufacturers
Onboard Component And System Suppliers
Equipment For Fuel Storage And Refueling
Equipment For Small-Scale Production Of Fuel
Commercial Vehicle OEMs
Public Utility Companies
Storage And Transportation Companies
Refining And Marketing Companies
Methanol Producing Companies
Ethanol Producing Companies
Biodiesel Producing Companies
Exploration And Production Companies
Integrated Oil And Gas Companies
Oil And Gas Services Companies
Chapter 8 Appendix: Acronyms
For more information about this report visit https://www.researchandmarkets.com/r/cwq4f4
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900