Deerfield Beach, FL -- (SBWIRE) -- 02/18/2016 -- The global Alternative Fuels market is estimated to be $7.2 million in 2014 and is expected to reach $13.8 million by 2022 growing at a CAGR of 8.4%. The key factor influencing the global alternative fuel markets are increase in global vehicle production, demand and sales. The increase in crude oil prices, government regulations to reduce greenhouse gases emissions are major drivers for the growth of Alternative fuels advisor market.

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Global Alternative Fuels Market is mainly segmented by Source and Geography. Based on Source, market is classified into Hydrogen & Fuel Cell, Solar, Hydro, and Bio power, Energy Efficiency, Geothermal, Transformation Technologies and Wind. By Geography, the Alternative Fuels Market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is the fastest growing region in the global Alternative Fuels market. Asia Pacific is expected to be the largest market with increasing in demand and economic conditions.

The key players in the Alternative Fuels Market include Canadian Solar Inc., First Solar (FSLR), Enphase, NextEra Energy, SunPower Corp., TerraForm Power, Viviant Solar, Inc., SolarCity Corp., Plug Power Inc., SunEdison, Inc.

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