Dec 14, 2018   SOURCE: BusinessWire

Global Alternative Fuels Market Outlook to 2022, Led by BP, Chevron, ExxonMobil, Gazprom, HPCL, and Royal Dutch Shell - ResearchAndMarkets.com

The "Global Alternative Fuels Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The alternative fuels market will witness an incremental growth of nearly 74 billion during 2018-2022.

The transportation sector has been one of them major sources of air pollution globally. The combustion of fossil fuels releases emission such as carbon dioxide which is one of the major contributor of GHG emissions.

As GHG's have a negative effect on ecosystem and therefore, the government across globe have decided to decarbonize the transportation sector. This transition to non- pollution energy sources has led to the emergence of alternative fuel sources.

The need to reduce the carbon footprint in the transportation sector which is one of the largest sectors for GHG emission has led to the use of natural gas as an alternative fuel to run automobiles.

Increasing Emissions of Greenhouse Gases

The negative effects and to reduce the damage to the environment require the development of environment- friendly methods of energy production and the increased adoption of renewables sources of energy.

Fluctuations in Global Crude Oil

The fluctuations in the global crude oil prices will affect the rate of adoption of alternative fuels, as the cost of the conventional fuels is lower than the alternative fuels. The prices effect in the oil and gas industry has led to an reduction in E&P activities worldwide and also impacted the mainstream and downstream segments.

Competitive Landscape

The alternative fuels market is concentrated with a few international companies. The market is currently in its growth phase and expected to continue being concentrated by 2022.

This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

  • BP
  • Chevron
  • ExxonMobil
  • Gazprom
  • HPCL
  • Royal Dutch Shell

Market Trends

  • Increasing Use of Natural Gas in the Transportation Sector
  • Adoption of Fuel Cells in the Transportation Sector

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Application

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/2mpxx3/global?w=4