Fuel Cell Electric Vehicle Global Market Report 2023 – By Type (Polymer Electrolyte Membrane Fuel Cell (PEMFC), Proton Exchange Membrane Fuel Cell, Phosphoric acid Fuel Cell, Other Types), By Range (Short Range, Long Range), By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles) – Market Size, Trends, And Global Forecast 2023-2032

A fuel transfer pump simply moves fuel between tanks or from a container to a nozzle so it can be poured into a vehicle. They are widespread in industries like mining, agriculture, and construction where tools and vehicles are frequently used. The main types of fuel transfer pumps are AC fuel transfer pumps, DC fuel transfer pumps, and hand fuel transfer pumps. AC Transfer pumps are built to handle a wide range of fuel and oil products, including diesel, biodiesel, oil, and diesel exhaust fuel (DEF). The types of motors include 12v DC, 24v DC, 115v AC, and 230v AC mounted in a fixed and portable way and used for various applications including construction, mining, agriculture, chemical, military, transportation, food and beverage, and others. The global fuel transfer pumps market is segmented - 1) By Type: AC Fuel Transfer Pump, DC Fuel Transfer Pump, Hand Fuel Transfer Pump 2) By Motor Type: 12V DC, 24V DC, 115V AC, 230V AC 3) By Mounting: Fixed, Portable 4) By Application: Construction, Mining, Agriculture, Chemical, Military, Transportation, Food And Beverage, Other Applications The global fuel transfer pumps market size is expected to grow from $1.70 billion in 2022 to $1.81 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global fuel transfer pumps is expected to grow to $2.23 billion in 2027 at a CAGR of 5.4%. Expansion of the automotive industry is expected to propel the growth of the fuel transfer pumps market going forward. Fuel transfer pumps refer to the pumps that are employed in vehicles with sophisticated injection systems because they are relatively safe and effective and provide fuel to the engine with little power loss. The decrease of carbon dioxide emissions from engines is also aided by electric vacuum fuel transfer pumps. For instance, in May 2022, according to an article published by CEIC Data, a US-based provider of macro and micro economic data insights, 9.2 million units of motor vehicles were produced in the US in 2021, a rise from the previously reported figure of 8.8 million units for December 2020. Therefore, the expansion of the automotive industry is driving the growth of the fuel transfer pumps market. Major players in the fuel transfer pumps market are Piusi S.p.A, Graco Inc., Creative Engineers, Groz Engineering Tools (P) Ltd., Tuthill Corporation, GoatThroat Pumps, SPATCO, Pricol Limited, Liquidynamics, Robert Bosch GmbH, DENSO CORPORATION, ContiTech AG, Johnson Electric Holdings Limited, SHW Storage & Handling Solutions GmbH, and Magna International Inc. Technological advancements are the key trend gaining popularity in fuel transfer pumps market going forward. Major companies operating in the market are developing fuel transfer pumps with innovative features such as permanent magnet motors, self-cleaning filters, two-side dispensing of high-speed, and others to sustain their position in the market. For instance, in September 2022, SVANEHØJ Danmark A/S, a Denmark-based pump designer and producer for offshore installations, developed a new fuel pump for ships powered using LNG. The brand-new CS pump is a submerged pump that is mounted at the tank's base. Svaneti introduced two significant innovations to the market with the CS fuel pump (short for cryogenic submerged), including a self-cleaning LNG filter that prevents clogging, which would otherwise result in increased wear and operational disruptions, and a new permanent magnet motor that guarantees higher efficiency and lowers energy consumption than other motors. In June 2022, Gorman-Rupp Company, a US-based designer, producer, and distributor of pumps and pump systems and acquired Fill-Rite for $525 million. The acquisition strengthened Gorman Rupp's position in the construction, agriculture, and leisure industries, accelerating growth as these end markets continue to benefit from secular trends. It also broadened its mission-critical pumps and pumping systems. Fill-Rite Company is a US-based manufacturer of accessories, pumps, and meters. Asia-Pacific was the largest region in the fuel transfer pumps market in 2022. The regions covered in this fuel transfer pumps market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fuel transfer pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The fuel transfer pumps market consists of sales of rotary and semi-rotary hand fuel transfer pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fuel transfer pumps market research report is one of a series of new reports from The Business Research Company that provides fuel transfer pumps market statistics, including fuel transfer pumps industry global market size, regional shares, competitors with a fuel transfer pumps market share, detailed fuel transfer pumps market segments, market trends and opportunities, and any further data you may need to thrive in the fuel transfer pumps industry. This fuel transfer pumps market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fuel cell use the chemical energy of hydrogen or any other fuel to produce electricity by electrochemical reactions. The reactants have been continuously supplied to the electrodes from the reservoir. Fuel cells are unique in terms of the variety of their potential applications. They will use a wide range of fuels and feedstocks and will provide power for systems as large as a utility power station and as small as a laptop computer. The main types of fuel cells are polymer electrolyte membrane fuel cells (PEM), molten carbonate fuel cells (MCFC), phosphoric acid fuel cells (PAFC), solid oxide fuel cells (SOFC), direct methanol fuel cells (DMFC), and others. Polymer electrolyte membrane fuel cells are proton exchange membrane fuel cells in which hydrogen is used as the fuel to operate at relatively low temperatures and quickly vary their output to meet shifting power demands. These operate at relatively low temperatures and can quickly vary their output to meet varying power demands. The different applications include portable, stationary, and transport. The various end-users involved are commercial and industrial, data centers, transportation, military and defense, utilities and government, among others. The global fuel cell market is segmented - 1) By Type: Polymer Electrolyte Membrane Fuel Cells (PEM), Molten Carbonate Fuel Cells (MCFC), Phosphoric Acid Fuel Cells (PAFC), Solid Oxide Fuel Cells (SOFC), Direct Methanol Fuel Cells (DMFC), Other Types 2) By Application: Portable, Stationary, Transport 3) By End User: Commercial and Industrial, Data Centres, Transportation, Military and Defense, Utiilities and Government, Other End Users The global fuel cell market size grew from $3.97 billion in 2022 to $5.16 billion in 2023 at a compound annual growth rate (CAGR) of 30.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The fuel cell market size is expected to grow to $13.61 billion in 2027 at a CAGR of 27.4%. An increasing focus on reducing greenhouse gas emissions is expected to propel the growth of the fuel cell market going forward. Greenhouse gas refers to any gas that has the property of absorbing infrared radiation that is emitted from Earth’s surface and reradiating it back to Earth’s surface. Like electric vehicles, fuel cell vehicles (FCVs) are zero-emission vehicles that will have no smog-related or greenhouse gas tailpipe emissions. For instance, according to the data released by the government of the Netherlands, the Climate Act calls for a 49% reduction in greenhouse gas emissions by 2030 and a 95% reduction by 2050. Therefore, the increasing focus on reducing greenhouse gas emissions will drive the growth of the fuel cell market. Major players in the fuel cell market are Ballard Power Systems, Proton Motor Fuel Cell GmbH, AFC Energy PLC., Fuel Cell Energy Inc., SFC Energy, Pragma Industries, Cummins, Horizon Fuel Cell Technologies, Nuvera Fuel Cells LLC, Doosan Fuel Cell America, Solidpower S.p.A, and Convion Oy. Strategic partnerships and collaborations have emerged as a key trend gaining popularity in the fuel cell market. Major companies operating in the fuel cell industry are searching for strategic alliances to help them strengthen their position. For instance, in September 2021, Eaton’s Vehicle Group, an Ireland based power management company, partnered with Ballard Fuel Cell Systems and the National Renewable Energy Laboratory for an undisclosed amount. Through this partnership, Eaton's Vehicle Group obtained funding from the US Department of Energy to create highly efficient hydrogen fuel cells capable of powering heavy-duty machinery. Ballard Fuel Cell Systems is a Canada- based developer and manufacturer of proton exchange membrane (PEM) fuel cell products. Moreover, in April 2022, Alstom, a France-based transport system marketer and developer partnered with Engie SA to establish renewable hydrogen logistics and refueling solutions for a fuel cell system capable of powering electric locomotives on non-electrified sections of the railway network. Engie SA is a France-based electric utility company. In October 2022, ZeroAvia, a US-based manufacturer of hydrogen fuel cells powered aviation powertrains, acquired HyPoint Inc. for an undisclosed amount. With the acquisition, HyPoint extends ZeroAvia's already unmatched expertise in creating the entire powertrain necessary for hydrogen-electric flight to include cutting-edge high-temperature fuel cell technology, a promising route for raising the power output and energy density of aviation fuel cell powertrains. HyPoint Inc. is a US-based manufacturer of a hydrogen fuel cell system for the aviation industry. Asia-Pacific was the largest region in the fuel cells market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this fuel cells market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fuel cell market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The fuel cell market consists of sales of reversible fuel cells and alkaline fuel cells. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fuel cell market research report is one of a series of new reports from The Business Research Company that provides fuel cell market statistics, including fuel cell industry global market size, regional shares, competitors with a fuel cell market share, detailed fuel cell market segments, market trends and opportunities, and any further data you may need to thrive in the fuel cell industry. This fuel cell market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A hydrogen fuel cell is a device that converts hydrogen into clean energy and electricity by a chemical reaction and the by-products of this chemical reaction are electricity, water, and heat. Hydrogen fuel cells can be used in a wide range of applications such as cars, buildings, electronic devices, trucks, and backup power systems. The main types of products in hydrogen fuel cells are polymer exchange membrane fuel cells, direct methanol fuel cells, solid oxide fuel cells, and others. Polymer exchange membrane fuel cells are a type of hydrogen fuel cell that converts the chemical energy of a fuel such as hydrogen into electricity. These hydrogen fuel cells are used in various areas including stationery, transportation, portable fuel cell vehicles, utilities for generating power, and defense. The global hydrogen fuel cells market is segmented - 1) By Type: Polymer Exchange Membrane Fuel Cells (PEMFC), Direct Methanol Fuel Cells (DMFC), Solid Oxide Fuel Cells (SOFC), Other Types 2) By Application: Stationary, Transport, Portable 3) By End User: Fuel Cell Vehicles, Utilities, Defense The global hydrogen fuel cells market size grew from $5.64 billion in 2022 to $8.23 billion in 2023 at a compound annual growth rate (CAGR) of 45.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the hydrogen fuel cells market is expected to grow to $32.65 billion in 2027 at a CAGR of 41.1%. The growing demand for fuel-cell electric vehicles around the world is contributing to the growth of the hydrogen fuel-cell market. Fuel cell electric vehicles (FCEVs) powered by hydrogen are called hydrogen fuel cell vehicles. The surge in demand for fuel-cell electric vehicles leads to increased demand for hydrogen fuel cells. For example, according to the Passenger Hydrogen Fuel Cell Vehicles report, the sales of hydrogen fuel cell vehicles reached 27,500 in 2020. Moreover, the sales of passenger fuel cell vehicles reached 8,500 in 2020, the highest annual sales compared to any of previous years. Rising sales in fuel-cell electric vehicles demonstrate the growing demand for fuel-cell electric vehicles, thereby contributing to the growth of the hydrogen fuel-cell market. Major players in the hydrogen fuel cells market are Panasonic, Intelligent Energy Holdings, FuelCell Energy, Plug Power, Hyster-Yale, Doosan Fuel Cell, Ballard Power Systems, Nedstack fuel cell technology, Pearl Hydrogen, Hydrogenics, Horizon Fuel Cell Technologies, Toshiba Energy Systems, Mitsubishi Hitachi Power Systems, AFC Energy, and Sunrise Power. The companies in the hydrogen fuel cell market are developing new technologies to reduce the weight, manufacturing costs, and component requirements of hydrogen fuel cells. Advances in technologies improve the efficiency of hydrogen fuel cells. For example, in July 2021, Hyzon Motors Inc., a US-based manufacturer of commercial vehicles powered by zero-emission hydrogen fuel cells announced a new commercial vehicle that could reduce the weight and manufacturing costs of a commercial vehicle powered by Hyzon's hydrogen fuel. The system's metal structure is integrated with lightweight composite materials in this revolutionary technology. In April 2021, Alstom, a France-based company engaged in developing and marketing mobility solutions that provide the sustainable foundations for the future of transportation acquired Helion Hydrogen Power for an undisclosed amount. Through this acquisition, Alstom expands its portfolio of innovative & competitive solutions products and strengthens its expertise in sustainable intelligent mobility. Helion Hydrogen Power is a France-based company that is engaged in the designing and manufacturing of hydrogen fuel cell modules for rail and marine applications. Asia-Pacific was the largest region in the hydrogen fuel cell market in 2022. North America was the second-largest market in the hydrogen fuel cell market. The regions covered in the hydrogen fuel report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydrogen fuel cells market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The hydrogen fuel cell market consists of sales of direct methanol fuel cells, polymer exchange membrane fuel cells, and other hydrogen fuel cells. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydrogen fuel cell market research report is one of a series of new reports from The Business Research Company that provides hydrogen fuel cell market statistics, including hydrogen fuel cell industry global market size, regional shares, competitors with a hydrogen fuel cell market share, detailed hydrogen fuel cell market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen fuel cell industry. This hydrogen fuel cell market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Alternative fuel vehicles refer to motor vehicle that runs on alternative fuel instead of traditional petroleum fuels. Alternative fuel vehicles are less expensive, eliminate dependence on oil, and yield lower vehicle performance. The alternative fuel vehicles are used to conserve fuel and lower vehicle emissions. The main types of alternative fuel vehicles are CNG, hydrogen, electric, and other fuel types. CNG refers to compressed natural gas as an eco-friendly alternative to gasoline, made by compressing natural gas down to less than 1% of its volume. The types of vehicles include passenger cars and commercial vehicles. The various applications include transportation, chemical, agricultural, industrial, and other applications. The global alternative fuel vehicles market is segmented - 1) By Fuel Type: CNG, Hdrogen, Electric, Other Fuel Types 2) By Vehicle Type: Passenger Cars, Commercial Vehicle 3) By Application: Transportation, Chemical, Agricultural, Industrial, Other Applications The global alternative fuel vehicles market size will grow from $446.27 billion in 2022 to $536.79 billion in 2023 at a compound annual growth rate (CAGR) of 20.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The alternative fuel vehicles market size is expected to grow to $1125.24 billion in 2027 at a CAGR of 20.3%. The rising prices of fossil fuel is expected to propel the growth of the alternative fuel vehicles market going forward. Fossil fuel refers to hydrocarbon-containing materials of biological origin occurring within the earth's crust that can be used as a source of energy. Owing to the rising fuel prices the developing and underdeveloped countries are depending on foreign countries to import fossil fuels significantly which will increase the pressure on emerging economies leading to a boost in the demand for the alternative fuel vehicles market. This results in the increasing adoption of vehicles that run on alternative fuels such as CNG, hydrogen, electric vehicles, and others. For instance, in November 2020, according to the article by the U.S. energy information administration, a principal agency of the U.S. federal statistical system, Brent's petroleum prices averaged USD 46 per barrel, increasing significantly to a mean price of USD 105 per barrel in March 2021. Therefore, the rising prices of fossil fuel is driving the alternative fuel vehicles market. Major players in the alternative fuel vehicles market are Ford Motor Company, Toyota Motor Corporation, Nissan Motor Corporation, Honda Motor Company, BYD Auto Co. Ltd., Daimler AG, Tesla Inc., Bayerische Motoren Werke AG (BMW), Audi AG, Volkswagen AG, Hyundai Motor Company, Mitsubishi Motors Corporation, Suzuki Motor Corporation, General Motors, Zero Motorcycles Inc., and Tata Motors Limited The rising adoption of clean mobility solutions to reduce the emissions from fossil fuels is the key trend gaining traction in the alternative fuel vehicles market. The carbon emissions from the vehicles that run on alternative fuels such as CNG, hydrogen, biofuel, biodiesel, and others are less compared to the carbon emissions from vehicles that run using fuels such as petroleum and diesel. Hence due to the increasing environmental concerns among the consumers, the governments across the world are focusing on adopting clean mobility solutions through alternative fuel vehicles. For instance, in January 2022, Maruti Suzuki India Limited, an Indian automobile manufacturer operating in the alternative fuel vehicles market, launched a new CNG variant of stylish and urban All-New Celerio. With this launch, the company aims to strengthen its green vehicle portfolio in India. Similarly, in June 2021, Jaguar Land Rover Automotive PLC a UK-based multinational company operating in the alternative fuel vehicles market, developed a fuel cell prototype for a hydrogen-powered land rover defender, with this launch the company aims to achieve zero tailpipe and carbon emissions across their products, supply chain, and operations. In June 2021, Ford, a US-based automobiles and commercial vehicles manufacturing company acquired Electriphi, Inc for an undisclosed amount. This acquisition is expected to help Ford to enhance Electriphi’s advanced technology for the pro electric vehicles and services offering, which helps commercial customer experience and become a single-source solution for fleet depot charging challenges. Ford prepares to launch electric versions of commercial vehicles. Electriphi, Inc., is a US-based technology company, operating in the alternative fuel vehicles market. Asia-Pacific was the largest region in the alternative fuel vehicle market in 2022. The regions covered in this alternative fuel vehicle market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Alternative Fuel Vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The alternative fuel vehicles market consists of sales of natural gas vehicles, fuel cell electric vehicles and flexible fuel vehicles. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The alternative fuel vehicles market research report is one of a series of new reports from The Business Research Company that provides alternative fuel vehicles market statistics, including alternative fuel vehicles industry global market size, regional shares, competitors with a alternative fuel vehicles market share, detailed alternative fuel vehicles market segments, market trends and opportunities, and any further data you may need to thrive in the alternative fuel vehicles industry. This alternative fuel vehicles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive fuel tank isa tank used to store, propel and release pressurized gas or fluid into automobile engine systems. The types of automotive fuel tanks by capacity include less than 45 liter, 45-70 liter, and above 70 liters. Less than 45 liter fuel tanks are used in hatchbacks and sedans and are classified as having a fuel tank capacity of less than 45 liters. The various materials used for automotive fuel tanks are aluminum, plastic, and steel. The various vehicles using automotive fuel tanks are passenger cars, light commercial vehicles, and heavy commercial vehicles. The global automotive fuel tank market is segmented – 1) By Capacity: Less than 45 Liters, 45-70 Liters, Above 70 Liters 2) By Material Type: Aluminum, Plastic, Steel 3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles The global automotive fuel tank market size will grow from $17.62 billion in 2022 to $19.17 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive fuel tank market is expected to grow to $26.92 billion in 2027 at a CAGR of 8.9%. The increasing demand for passenger cars has contributed to automotive fuel tank growth. In addition to the driver's seat, passenger cars are vehicles having at least four wheels that are intended to transport passengers and have no more than eight seats. There has been quite a remarkable growth in the passenger car industry, and it has made steady progress in production, domestic sales and exports. For instance, the Society of Indian Automobile Manufacturers (SIAM) reported that sales of passenger cars in India increased by 8.36% in December 2020 compared to December 2019. Utility vehicle sales climbed by 19.75 % in 2020 over December 2019. Van sales increased by 41.06 % in 2020 over December 2019. Hence, the rise in the demand for passenger cars is driving the the automotive fuel tank market. Major players in the automotive fuel tank market are The Plastic Omnium Group; Yapp Automotive Parts Co. Ltd; TI Fluid Systems; Yachiyo Industries Co. Limited; Unipres Corporation; Magna International; Fuel Total Systems (FTS) Co. Ltd; Compagnie Plastic Omnium SA; Kautex Textron GmbH & Co. KG; Martinrea International Inc.,; Unipres Corporation; Textron – KautexV (US); Benteler International AG; Allgaier Werke GmbH; Dali and Samir Engineering; Westport Fuel Systems Inc.,; Posco co. Ltd; Allgaier Automotive; Baosteel group corporation; Kongsberg Automotive; Toyoda Gosei Co. Ltd.; Visteon Corporation; Donghee Industrial CO. LTD.; FUTABA INDUSTRIAL CO. LTD.; Northside Industries; SMA SERBATOI SPA; Spectra Premium Inc.,; Allgaier Automotive; Boyd Welding. Technological advancements in fuel-efficient vehicles and alternate fuel vehicles is a key trend gaining popularity in the automotive fuel tank market. Modern automobiles require advanced materials to improve fuel economy while retaining safety and performance. Lightweight materials have a lot of potential for improving vehicle efficiency because it requires less energy to accelerate a lighter item than a heavy one. A 10% reduction in vehicle weight might result in a 6% to 8% increase in fuel economy. A vehicle's body and chassis can be decreased by up to 50% by replacing cast iron and traditional steel components with lightweight materials such as high-strength steel, magnesium (Mg) alloys, aluminium (Al) alloys, carbon fibre, and polymer composites. In one quarter of the US fleet, using lightweight components and high-efficiency engines enabled by new materials may save more than $5 billion gallons of fuel annually by 2030. Cars can carry more complex pollution control systems, safety devices, and integrated electrical systems without adding to the total weight of the vehicle by adopting lightweight structural materials. In May 2022, Tank Holding, a US-based rotational molding company, acquired Semco Plastic Company for an undisclosed amount. The acquisition is in line with the company’s strategy to invest in adjacent plastic processing technologies while working towards providing customers with better product offerings. Semco Plastic company is a US-based manufacturer of blow and injection molded products such as fuel tanks, fuel containers, refuse containers, and other products. Asia-Pacific was the largest region in the automotive fuel tank market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the automotive fuel tank market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Automotive Fuel Tank market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive fuel tank market consists of sales of Type 1, Type 2, Type 3, and Type 4. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive fuel tank market research report is one of a series of new reports from The Business Research Company that provides automotive fuel tank market statistics, including automotive fuel tank industry global market size, regional shares, competitors with an automotive fuel tank market share, detailed automotive fuel tank market segments, market trends and opportunities, and any further data you may need to thrive in the automotive fuel tank industry. This automotive fuel tank market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Aviation fuels are a specialized petroleum-based fuel used for aircraft propulsion that runs on gas turbine engines. Aviation fuels are of a higher quality than fuels that are used in less critical applications for example for heating or road transport. The main types of aviation fuel include Jet A, Jet A1, Jet B, JP 5, JP 8, avgas, and biofuel. Jet A aviation fuel is refined, light petroleum fuel which has a flashpoint higher than 38 °C and a freezing point of -40 °C during its manufacture. It is used in the turbine engines in civil aviation, commonly used in the USA. These different grades of aviation fuel include jet fuel, biokerosene, and aviation gasoline, and they are used in commercial, military, private and other end users. The global aviation fuel market is segmented - 1) By Fuel Type: Jet A, Jet A1, Jet B, JP 5, JP 8, Avgas, Biofuel 2) By Grade: Jet fuel, Aviation Gasoline, Biokerosene 3) By End Use: Commercial, Military, Private, Other End Uses The global aviation fuel market size will grow from $189.07 billion in 2022 to $217.19 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aviation fuel market size is expected to grow to $399.87 billion in 2027 at a CAGR of 16.5%. The rise in air transportation across the globe is driving the growth of the aviation fuel market. The rising population and increasing middle-class population's earnings have significantly increased the demand for air transportation in various developed and developing countries across the world. As air transportation increases, the need for aviation fuel also increases significantly as aviation fuel is a basic requirement for aircraft to fly. For instance, according to the Bureau of Transportation Statistics (BTS) data, U.S. airlines carried 119.47% more scheduled service passengers in October 2021 (65.6 million passengers) than in October 2020 (29.9 million passengers). Furthermore, according to the data released by the Ministry of Civil Aviation (MoCA) India, the airlines’ capacity in India in the year 2021 was found 46% higher (72,000 departures) than in October 2020 (49,150 departures in October 2020). Therefore, the rising air transportation will drive the aviation fuel market. Major players in the aviation fuel market are British Petroleum (BP) P.L.C, Chevron Corporation, Exxon Mobil Corporation, PJSC Gazprom, Indian Oil Corporation Limited, Petróleo Brasileiro SA, Royal Dutch Shell PLC., Total SA, Hindustan Petroleum Corp. Ltd., Honeywell International Inc., Marathon Petroleum Corp, Sinopec Group, Oman Oil Company SAOC, Neste Oyj, and TotaEnergies SE. Biofuel that can significantly reduce carbon emissions is an emerging trend in the aviation fuel market. Biofuel refers to a renewable energy source derived from microbial, plant, or animal materials. The various types of biofuels include ethanol made from corn and sugarcane, biodiesel made from vegetable oils and liquid animal fats, green diesel made from algae and other plant sources, and biogas which is methane derived from animal manure and other digested organic material. The biofuels that are derived from grasses and plants can mitigate global warming by reducing carbon emissions. Aviation fuel companies are increasingly investing in the production of biofuels to offer sustainbale and emission free fuel to aerospace companies. For instance, in September 2021, POET, the largest biofuels producer in the US announced the commitment to achieving net-zero carbon emissions at its bioprocessing facilities by 2050. Furthermore, in February 2022, Nuseed, a provider of new, sustainable plant-based solutions to growers, industry, and end-use customers, and BP Products North America Inc., an oil and gas company, made a long-term strategic offtake and market development agreement to process or sell into growing markets to produce sustainable biofuels. In April 2022, TITAN Aviation, a US-based aircraft fuel company acquired AKRYL for an undisclosed amount. The acquisition would provide international footprint to the company and improve its product offering. AKRYL is a Switzerland-based aviation fuel company. North America was the largest region in the aviation fuel market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation fuel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the aviation fuel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aviation fuel market consists of the sales of fuels and gasoline. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aviation fuel market research report is one of a series of new reports from The Business Research Company that provides aviation fuel market statistics, including aviation fuel industry global market size, regional shares, competitors with an aviation fuel market share, detailed aviation fuel market segments, market trends and opportunities, and any further data you may need to thrive in the aviation fuel industry. This aviation fuel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Biofuel refers to a cleaner-burning alternative to petroleum-based diesel fuel made from renewable sources such as new and old vegetable oils and animal fats. It is a harmless and biodegradable substance created by mixing alcohol with vegetable oil, animal fat, or recycled cooking grease. The primary purpose of biofuels is to help reduce the carbon footprint of transportation and other industries. The main form of biofuels are solid biofuel, liquid biofuel, and gaseous biofuel. The solid biofuel of biofuel is a solid form of biofuel used as fuel for the generation of heat or electricity. The biofuel product is biodiesel, ethanol, biogas, and other products that are derived from feedstocks such as coarse grain, non-agri feedstock, biomass, vegetable oil, sugar crop, jatropha and other feedstocks. The global biofuels market is segmented – 1) By Form: Solid Biofuel, Liquid Biofuel, Gaseous Biofuel 2) By Product Type: Biodiesel, Ethanol, Biogas, Others Products 3) By Feedstock: Coarse Grain, Non-agri Feedstock, Biomass, Vegetable Oil, Sugar Crop, Jatropha, Other Feedstocks The global biofuels market size will grow from $151.44 billion in 2022 to $168.13 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of biofuels market is expected to grow to $220.87 billion in 2027 at a CAGR of 7.1%. Increased petroleum prices are expected to propel the growth of the biofuel market. Rising crude oil costs and increased taxation have consistently contributed to increased petrol and diesel prices across the world. Furthermore, the Russia-Ukraine war is one of the primary reasons for the rapid spike in global petroleum prices. Several other reasons have also led to rising crude oil prices, including market tightness and uncertainty about demand and supply, geopolitical developments, fears of future supply disruptions, and speculation that impacted the petroleum market. Due to such a rise in petroleum prices, there is a greater demand for biofuel as an alternative which is derived from renewable resources and are less combustible than fossil diesel. It helps to reduce the carbon footprint of transportation and other businesses. For Instance, according to a 2021 report published by Our world in data on crude oil prices, the global crude oil prices per barrel US dollars have increased from $41.84 in 2020 to $70.91 in 2021. Therefore, the increasing petroleum prices will drive the biofuel market. Major players in the biofuels market are Archer Daniels Midland Company, Abengoa S. A., Renewable Energy Corp, Wilmar International, Poet Llc, Bunge Limited, Valero Energy Corporation, Petrobras, Butamax Advanced Biofuels LLC, Algenol, Pacific Ethanol Inc., Cargill, DowDuPont Inc., Verbio AG, My Eco Energy, China Clean Energy Inc., BTG International Ltd., Flint Hills Resources and The Andersons Inc. Technological advancements are a key trend gaining popularity in the biofuel market. Advanced biofuels are gaining popularity due to their compatibility with existing fuel infrastructure and high energy densities. Advanced biofuel technologies are recognized as green energy sources. The effective utilization of these resources minimizes environmental consequences, produces minimal secondary waste, and is sustainable in light of present and projected economic and societal needs. Recently, the market has witnessed the use of advanced bio-hydrocarbons generated from lignocellulosic biomass such as trees, grasses, trash, and agricultural residues. Major companies operating in the biofuel market are focused on developing new technological solutions to strengthen their market position. For instance, In February, Clariant, a Europe-based chemical company, introduced a line of Vita surfactants and polyethylene glycols (PEGs) made entirely of bio-based, renewable carbon derived from plants. The new Vita products are designed for natural formulations with a high Renewable Carbon Index (RCI) and assist manufacturers in maximizing the use of bio-based carbon content in consumer products, that include detergents, hair and shower gel, paints, industrial lubricants, and crop treatments. In January 2022, ExxonMobil, a US-based natural gas company, acquired a 49.9% stake in Biojet AS. This acquisition allows ExxonMobil to purchase up to 3 million barrels of the products yearly, based on capacity. Furthermore, this collaboration with Biojet AS strengthens ExxonMobil's efforts to provide low-emissions transportation products. Biojet AS is a Norwegian-based biofuels company that intends to turn forestry and wood-based construction waste into low-emission biofuels. North America was the largest region in the biofuel market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biofuel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the biofuel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The biofuel market consists of sales of methanol, butanol and biogas. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The biofuels market research report is one of a series of new reports from The Business Research Company that provides biofuels market statistics, including biofuels industry global market size, regional shares, competitors with a biofuels market share, detailed biofuels market segments, market trends and opportunities, and any further data you may need to thrive in the biofuels industry. This biofuels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Collapsible fuel tanks refer to a pillow-shaped tank that is equipped with various plates and accessories for filling and emptying. It allows storage of hydrocarbons, oil, drinking water, and wastewater and can be used as a mobile service station. These can be deployed quickly and easily and are manufactured using industrial fabrics for the storage of fuel. The main types of collapsible fuel tanks are small capacity, medium capacity, and large capacity collapsible fuel tanks. The small capacity collapsible fuel tank refers to the tanks with 25 to 100 gallons capacity used for storing fuel. The various materials include polyurethane, and composite material and are used by end users such as agriculture, mining, military application, commercial, and other end users. The global collapsible fuel tank market is segmented – 1) By Type: Small Capacity, Medium Capacity, Large Capacity 2) By Fabric Material: Polyurethane, Composite Material 3) By End User: Agriculture, Mining, Military Application, Commercial, Other End Users The global collapsible fuel tank market size will grow from $1.31 billion in 2022 to $1.43 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of collapsible fuel tank market is expected to grow to $2.03 billion in 2027 at a CAGR of 9.1%. Rising demand for electric vehicles is expected to propel the growth of the collapsible fuel tank market going forward. Electric vehicles refer to vehicles that use electricity to improve vehicle efficiency. Fuel tanks for extended-range electric vehicles need to be able to endure high vapor pressures allowing optimization of the vehicle's full electric operating range driving mode, as a result, rising demand for electric vehicles increases the demand for collapsible fuel tank market. For instance, in April 2021, according to the International Energy Agency report, a France-based global energy system intergovernmental organization, the number of electric vehicles sold worldwide reached 10 million in 2020, an increase of 43% from the previous year. In 2020, there were about 3 million new electric vehicle registrations. With 1.4 million new registrations, Europe took the lead for the first time. China registered 1.2 million new electric automobiles after the United States registered 2.9 million. Therefore rising demand for electric vehicles is driving the collapsible fuel tanks market. Major players in the collapsible fuel tank market are Meggitt plc, GTA Containers, Aero Tec Laboratories Ltd., Amufuel, MPC Containment International LLC, Avon Engineered Fabrications Inc., SO. C.A.P, SEI Industries Ltd., ContiTech, Texas Boom Company, Husky Portable Containment, Vinyl Technology Inc., TURTLE- PAC, Ready Containment LLC, Qingdao DOOWIN Rubber and Plastic Products Co. Ltd. Product innovations have emerged as a key trend gaining popularity in the collapsible fuel tank market. Major companies operating in the collapsible fuel tank market are developing new products to strengthen their position in collapsible fuel tank market. For instance, in July 2022, Interstate Products, a US-based multi-brand supplier of quality environmental, facility, storage, and safety product solutions, launched expanded flexible fuel bladder. With storage bladders for high amounts of gasoline and water, the firm now offers portable liquid storage solutions. They are suitable for most diesel and jet fuels and can be utilised as an above-ground storage tank. Military-grade nitrile and mil-spec urethane are also available in the normal sizes for the industry (50,000, 100,000, and 210,000 gallons). Custom-engineered solutions can also be provided. In May 2022, Tank Holding Corp, a US-based manufacturer of rotationally molded poly and welded steel bulk storage and material handling products acquired Semco Plastic Company Inc for an undisclosed amount. This acquisition, aids to invest Tank Holdings into adjacent plastic processing technologies while continuing to demonstrate our commitment to providing its customer's further capabilities. Semco Plastic Company is a US-based manufacturer of a variety of custom-molded plastic products for a wide spectrum of industries operating in the collapsible fuel tanks market. North America was the largest region in the collapsible fuel tank market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the collapsible fuel tank market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The collapsible fuel tank market consists of sales of polyethylene or nylon, regrind plastic, and polypropylene. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The collapsible fuel tank market research report is one of a series of new reports from The Business Research Company that provides collapsible fuel tank market statistics, including collapsible fuel tank industry global market size, regional shares, competitors with market share, detailed collapsible fuel tank market segments, market trends and opportunities, and any further data you may need to thrive in the collapsible fuel tank industry. This collapsible fuel tank market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.