Global Power-to-X Market Size study & Forecast, by Technology, by End Use and Regional Analysis, 2023-2030

Description

List of Tables

Global Power-to-X Market is valued at approximately USD 292.8 million in 2022 and is anticipated to grow with a healthy growth rate of more than 10.6% over the forecast period 2023-2030. Power-to-X is a set of technologies that convert surplus electricity into various forms of energy, such as gases, liquids, or heat, for storage and later use. These technologies are mainly used when renewable energy supply fluctuates or falls short of demand. This technology is in demand due to its ability to cater to a wide range of industries and its potential to reduce CO2 emissions, which contribute to climate change. The increasing demand for green energy has also led to a surge in demand for green ammonia as a more organic alternative to chemically processed ammonia.

The global green hydrogen market is expected to grow with the promotion of electric vehicles. These vehicles use hydrogen fuel cells instead of traditional batteries, resulting in reduced air pollution and carbon emissions. Governments are incentivizing the use of electric vehicles by implementing regulations and infrastructure for both consumers and manufacturers. As the market for electric vehicles grows, the demand for electrolyzers is likely to be increased, creating opportunities for industrial expansion in the future of power-to-X technology. However, the lack of awareness about e-fuels and e-fertilizers can slow down the market. Supply chain disruptions can also affect the conversion process and market negatively, and the high cost of carrying out research and development can limit the adoption.

The key regions considered for the Global Power-to-X Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominates the Power-to-X market as it holds more shares. In order to encourage the use of power-to-X technologies in Europe, it is important to have supportive policies and regulations in place. A good illustration of this concept is the Clean Energy Package of the European Union, as it includes provisions that are specifically designed to promote the deployment of power-to-X and support the use of renewable hydrogen and synthetic fuels. These policies help to create a suitable market environment, which in turn encourages investment and innovation in European power-to-X technologies. The market's revenue growth is largely attributed to the region's increased dependence on renewable energy sources, as it aligns with their goal of achieving a carbon-free economy. Furthermore, the adoption of power-to-x technology as a substitute for fossil fuels with carbon-neutral options is expected to make a substantial contribution to the expansion of the market.

Major market player included in this report are:

Air Liquide
Linde
Mitsubishi Power
Ceres Power
Air Products & Chemicals, Inc.
International Renewable Energy Agency (IRENA)
Neles (Valmet Oyj)
Fukushima Hydrogen Energy Research Field (FH2R)
Man Energy Solutions
HPEM2GAS

Recent Developments in the Market:

In February 2021, Copenhagen Infrastructure Partners (CIP), a Danish asset management firm specializing in renewable energy infrastructure, announced their plans to construct Europe's largest CO2-free Green Ammonia production facility. The power-to-x facility would be located near Esbjerg on Denmark's west coast, where offshore wind turbines would be used to generate green ammonia.
In April 2021, Alfa Laval, a global leader in heat transfer, centrifugal separation, and fluid handling, joined Liquid Wind, a Swedish firm that develops electro-fuel facilities for the production of renewable clean fuels. Alfa Laval would be part of the Liquid Wind board of directors and would contribute their expertise in heat transfer to improve process efficiency and overall heat and energy integration.
In September 2021, Orsted, a Danish pure-play renewables business, partnered with Williams, a natural gas infrastructure company, to examine the possibility of constructing power-to-x projects in the United States. The two companies would collaborate on large-scale wind energy, electrolysis, and synthetic gas for the development of hydrogen or synthetic natural gas facilities fueled by renewable energy.

Global Power-to-X Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Technology, End Use, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

Power-to-H2
Power-to-CO
Power-to-NH3
Power-to-Methane
Power-to-Methanol
Power-to-H202

By End Use:

Transportation
Agriculture
Manufacturing
Industry
Residential
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Power-to-X Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Power-to-X Market, by Technology, 2020-2030 (USD Million)
- 1.2.3. Power-to-X Market, by End Use, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Power-to-X Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Power-to-X Market Dynamics

3.1. Power-to-X Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing need for green hydrogen and ammonia
  - 3.1.1.2. The technology caters to wide range of industries
- 3.1.2. Market Challenges
  - 3.1.2.1. Lack of knowledge regarding e-fuels
  - 3.1.2.2. High implementation and conversion cost of these e-fuels
- 3.1.3. Market Opportunities
  - 3.1.3.1. As our energy sources become increasingly limited, there is a growing need for power conversion technology.
  - 3.1.3.2. The adoption of EVs to enhance the growth of the worldwide green hydrogen

Chapter 4. Global Power-to-X Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Power-to-X Market, by Technology

5.1. Market Snapshot
5.2. Global Power-to-X Market by Technology, Performance - Potential Analysis
5.3. Global Power-to-X Market Estimates & Forecasts by Technology 2020-2030 (USD Million)
5.4. Power-to-X Market, Sub Segment Analysis
- 5.4.1. Power-to-H2
- 5.4.2. Power-to-CO
- 5.4.3. Power-to-NH3
- 5.4.4. Power-to-Methane
- 5.4.5. Power-to-Methanol
- 5.4.6. Power-to-H202

Chapter 6. Global Power-to-X Market, by End Use

6.1. Market Snapshot
6.2. Global Power-to-X Market by End Use, Performance - Potential Analysis
6.3. Global Power-to-X Market Estimates & Forecasts by End Use 2020-2030 (USD Million)
6.4. Power-to-X Market, Sub Segment Analysis
- 6.4.1. Transportation
- 6.4.2. Agriculture
- 6.4.3. Manufacturing
- 6.4.4. Industry
- 6.4.5. Residential
- 6.4.6. Others

Chapter 7. Global Power-to-X Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Power-to-X Market, Regional Market Snapshot
7.4. North America Power-to-X Market
- 7.4.1. U.S. Power-to-X Market
  - 7.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. End Use breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Power-to-X Market
7.5. Europe Power-to-X Market Snapshot
- 7.5.1. U.K. Power-to-X Market
- 7.5.2. Germany Power-to-X Market
- 7.5.3. France Power-to-X Market
- 7.5.4. Spain Power-to-X Market
- 7.5.5. Italy Power-to-X Market
- 7.5.6. Rest of Europe Power-to-X Market
7.6. Asia-Pacific Power-to-X Market Snapshot
- 7.6.1. China Power-to-X Market
- 7.6.2. India Power-to-X Market
- 7.6.3. Japan Power-to-X Market
- 7.6.4. Australia Power-to-X Market
- 7.6.5. South Korea Power-to-X Market
- 7.6.6. Rest of Asia Pacific Power-to-X Market
7.7. Latin America Power-to-X Market Snapshot
- 7.7.1. Brazil Power-to-X Market
- 7.7.2. Mexico Power-to-X Market
7.8. Middle East & Africa Power-to-X Market
- 7.8.1. Saudi Arabia Power-to-X Market
- 7.8.2. South Africa Power-to-X Market
- 7.8.3. Rest of Middle East & Africa Power-to-X Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Air Liquide
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Linde
- 8.3.3. Mitsubishi Power
- 8.3.4. Ceres Power
- 8.3.5. Air Products & Chemicals, Inc.
- 8.3.6. International Renewable Energy Agency (IRENA)
- 8.3.7. Neles (Valmet Oyj)
- 8.3.8. Fukushima Hydrogen Energy Research Field (FH2R)
- 8.3.9. Man Energy Solutions
- 8.3.10. HPEM2GAS

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Power-to-X Market, report scope
TABLE 2. Global Power-to-X Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Power-to-X Market estimates & forecasts by Technology 2020-2030 (USD Million)
TABLE 4. Global Power-to-X Market estimates & forecasts by End Use 2020-2030 (USD Million)
TABLE 5. Global Power-to-X Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 6. Global Power-to-X Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7. Global Power-to-X Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Power-to-X Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Power-to-X Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Power-to-X Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Power-to-X Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Power-to-X Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Power-to-X Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Power-to-X Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. U.S. Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. U.S. Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 17. U.S. Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18. Canada Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 19. Canada Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 20. Canada Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. UK Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 22. UK Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 23. UK Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. Germany Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 25. Germany Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 26. Germany Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. France Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 28. France Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 29. France Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. Italy Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 31. Italy Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 32. Italy Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Spain Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 34. Spain Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 35. Spain Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. RoE Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 37. RoE Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 38. RoE Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. China Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 40. China Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 41. China Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. India Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 43. India Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 44. India Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. Japan Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 46. Japan Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 47. Japan Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. South Korea Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 49. South Korea Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 50. South Korea Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. Australia Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 52. Australia Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 53. Australia Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. RoAPAC Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 55. RoAPAC Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 56. RoAPAC Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. Brazil Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 58. Brazil Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 59. Brazil Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Mexico Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 61. Mexico Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 62. Mexico Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. RoLA Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 64. RoLA Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 65. RoLA Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. Saudi Arabia Power-to-X Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 67. South Africa Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 68. RoMEA Power-to-X Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. List of secondary sources, used in the study of global Power-to-X Market
TABLE 70. List of primary sources, used in the study of global Power-to-X Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Power-to-X Market, research methodology
FIG 2. Global Power-to-X Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Power-to-X Market, key trends 2022
FIG 5. Global Power-to-X Market, growth prospects 2023-2030
FIG 6. Global Power-to-X Market, porters 5 force model
FIG 7. Global Power-to-X Market, pest analysis
FIG 8. Global Power-to-X Market, value chain analysis
FIG 9. Global Power-to-X Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Power-to-X Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Power-to-X Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Power-to-X Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Power-to-X Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Power-to-X Market, regional snapshot 2020 & 2030
FIG 15. North America Power-to-X Market 2020 & 2030 (USD Million)
FIG 16. Europe Power-to-X Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Power-to-X Market 2020 & 2030 (USD Million)
FIG 18. Latin America Power-to-X Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Power-to-X Market 2020 & 2030 (USD Million)