Renewable Fuel Market Size, Share, and Trends 2024 to 2034

The global renewable fuel market size is calculated at USD 1.10 trillion in 2025 and is forecasted to reach around USD 2.08 trillion by 2034, accelerating at a CAGR of 7.28% from 2025 to 2034. The Asia Pacific renewable fuel market size surpassed USD 420 billion in 2024 and is expanding at a CAGR of 7.30% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1724
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Renewable Fuel Market 

5.1. COVID-19 Landscape: Renewable Fuel Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Renewable Fuel Market, By Type

8.1. Renewable Fuel Market, by Type

8.1.1. Hydroelectric Power

8.1.1.1. Market Revenue and Forecast

8.1.2. Wind Power

8.1.2.1. Market Revenue and Forecast

8.1.3. Biofuel

8.1.3.1. Market Revenue and Forecast

8.1.4. Solar Energy

8.1.4.1. Market Revenue and Forecast

8.1.5. Geothermal Energy

8.1.5.1. Market Revenue and Forecast

8.1.6. Biomass Energy

8.1.6.1. Market Revenue and Forecast

Chapter 9. Global Renewable Fuel Market, By Application

9.1. Renewable Fuel Market, by Application

9.1.1. Cooling and Heating Sector

9.1.1.1. Market Revenue and Forecast 

9.1.2. Power Sector

9.1.2.1. Market Revenue and Forecast 

9.1.3. Transportation Sector

9.1.3.1. Market Revenue and Forecast 

9.1.4. Others

9.1.4.1. Market Revenue and Forecast 

Chapter 10. Global Renewable Fuel Market, By End Use

10.1. Renewable Fuel Market, by End Use

10.1.1. Residential

10.1.1.1. Market Revenue and Forecast

10.1.2. Commercial

10.1.2.1. Market Revenue and Forecast

10.1.3. Industrial

10.1.3.1. Market Revenue and Forecast

10.1.4. Others

10.1.4.1. Market Revenue and Forecast

Chapter 11. Global Renewable Fuel Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Type

11.1.2. Market Revenue and Forecast, by Application

11.1.3. Market Revenue and Forecast, by End Use

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Type

11.1.4.2. Market Revenue and Forecast, by Application

11.1.4.3. Market Revenue and Forecast, by End Use

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Type

11.1.5.2. Market Revenue and Forecast, by Application

11.1.5.3. Market Revenue and Forecast, by End Use

11.2. Europe

11.2.1. Market Revenue and Forecast, by Type

11.2.2. Market Revenue and Forecast, by Application

11.2.3. Market Revenue and Forecast, by End Use

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Type 

11.2.4.2. Market Revenue and Forecast, by Application 

11.2.4.3. Market Revenue and Forecast, by End Use 

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Type 

11.2.5.2. Market Revenue and Forecast, by Application 

11.2.5.3. Market Revenue and Forecast, by End Use 

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Type 

11.2.6.2. Market Revenue and Forecast, by Application 

11.2.6.3. Market Revenue and Forecast, by End Use 

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Type 

11.2.7.2. Market Revenue and Forecast, by Application 

11.2.7.3. Market Revenue and Forecast, by End Use 

11.3. APAC

11.3.1. Market Revenue and Forecast, by Type 

11.3.2. Market Revenue and Forecast, by Application 

11.3.3. Market Revenue and Forecast, by End Use 

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Type 

11.3.4.2. Market Revenue and Forecast, by Application 

11.3.4.3. Market Revenue and Forecast, by End Use 

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Type 

11.3.5.2. Market Revenue and Forecast, by Application 

11.3.5.3. Market Revenue and Forecast, by End Use 

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Type 

11.3.6.2. Market Revenue and Forecast, by Application 

11.3.6.3. Market Revenue and Forecast, by End Use 

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Type 

11.3.7.2. Market Revenue and Forecast, by Application 

11.3.7.3. Market Revenue and Forecast, by End Use 

11.4. MEA

11.4.1. Market Revenue and Forecast, by Type 

11.4.2. Market Revenue and Forecast, by Application 

11.4.3. Market Revenue and Forecast, by End Use 

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Type 

11.4.4.2. Market Revenue and Forecast, by Application 

11.4.4.3. Market Revenue and Forecast, by End Use 

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Type 

11.4.5.2. Market Revenue and Forecast, by Application 

11.4.5.3. Market Revenue and Forecast, by End Use 

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Type 

11.4.6.2. Market Revenue and Forecast, by Application 

11.4.6.3. Market Revenue and Forecast, by End Use 

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Type 

11.4.7.2. Market Revenue and Forecast, by Application 

11.4.7.3. Market Revenue and Forecast, by End Use 

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Type 

11.5.2. Market Revenue and Forecast, by Application 

11.5.3. Market Revenue and Forecast, by End Use 

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Type 

11.5.4.2. Market Revenue and Forecast, by Application 

11.5.4.3. Market Revenue and Forecast, by End Use 

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Type 

11.5.5.2. Market Revenue and Forecast, by Application 

11.5.5.3. Market Revenue and Forecast, by End Use 

Chapter 12. Company Profiles

12.1. Ocean Power Technologies

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. NextEra Energy, Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Enel Group

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. ONPOWER Business Energy

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Yingli Solar

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Tocardo BV

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. SynTech Bioenergy

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Siemens AG

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Canadian Solar Inc.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Invenergy LLC

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

12.11. Geronimo Energy Holdings LLC

12.11.1. Company Overview

12.11.2. Product Offerings

12.11.3. Financial Performance

12.11.4. Recent Initiatives

12.12. Xcel Energy

12.12.1. Company Overview

12.12.2. Product Offerings

12.12.3. Financial Performance

12.12.4. Recent Initiatives

12.13. TATA Power

12.13.1. Company Overview

12.13.2. Product Offerings

12.13.3. Financial Performance

12.13.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About U

14.2. Glossary of Terms

For questions or customization requests, please reach out to us at sales@precedenceresearch.com

Frequently Asked Questions

The global renewable fuel market size was reached at USD 1.03 trillion in 2024 and it is anticipated to rake around USD 2.08 trillion by 2034.

The global renewable fuel market is expected to drive growth at a CAGR of 7.28% during the forecast period 2025 to 2034.

The major players operating in the renewable fuel market are Ocean Power Technologies, NextEra Energy, Inc., Enel Group, ONPOWER Business Energy, Yingli Solar, Tocardo BV, SynTech Bioenergy, Siemens AG, Canadian Solar Inc., Invenergy LLC, Geronimo Energy Holdings LLC, Xcel Energy, TATA Power, and ABB Product Group Solar.

Technological developments and the adoption of novel technologies are two significant drivers propelling the global renewable fuel market forward. The increase in electricity consumption is also strengthening the worldwide renewable fuel sector.

Asia Pacific region will lead the global renewable fuel market over the next ten years.

Ask For Sample

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client