Product Code: ENE0623
The global Power-to-X (P2X) market is projected to grow at a CAGR of 10.6% by 2034
The Power-to-X (P2X) Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Decarbonisation Goals and Climate Change Mitigation Efforts
Governments and organisations worldwide are increasingly committing to ambitious decarbonisation goals to combat climate change. Power-to-X (P2X) technologies, which convert electricity from renewable sources into hydrogen, synthetic fuels, and other chemicals, are crucial in achieving these targets. Countries are enacting policies and regulations to reduce greenhouse gas emissions, thereby creating a conducive environment for P2X technology adoption. For instance, the European Union's Green Deal aims to make Europe climate-neutral by 2050, fostering significant investments in renewable energy and P2X infrastructure. This regulatory push, coupled with financial incentives, is driving the P2X market as industries seek sustainable alternatives to fossil fuels.
Lack of Knowledge About E-Fuels and E-Fertilizers is Anticipated to Slow Down the Market
A significant market restraining factor for Power-to-X (P2X) technologies is the lack of widespread knowledge and understanding of e-fuels and e-fertilizers. E-fuels, which are synthetic fuels produced using renewable energy, and e-fertilizers, created through similar sustainable processes, are still relatively new concepts in the broader energy and agricultural sectors. This unfamiliarity can result in hesitancy among stakeholders, including potential investors, policymakers, and end-users. They may not fully grasp the benefits, applications, and potential of these advanced products, which slows adoption and integration into existing systems. Moreover, the absence of robust educational campaigns and industry outreach exacerbates this issue, as it limits the dissemination of critical information needed to drive market growth and acceptance.
What Questions Should You Ask before Buying a Market Research Report?
How is the power-to-x (P2X) market evolving?
What is driving and restraining the power-to-x (P2X) market?
How will each power-to-x (P2X) submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
How will the market shares for each power-to-x (P2X) submarket develop from 2024 to 2034?
What will be the main driver for the overall market from 2024 to 2034?
Will leading power-to-x (P2X) markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
Who are the leading players and what are their prospects over the forecast period?
What are the power-to-x (P2X) projects for these leading companies?
How will the industry evolve during the period between 2024 and 2034? What are the implications of power-to-x (P2X) projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the power-to-x (P2X) market?
Where is the power-to-x (P2X) market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the power-to-x (P2X) market today, and over the next 10 years:
Our 356-page report provides 101 tables and 177 charts/graphs exclusively to you.
The report highlights key lucrative areas in the industry so you can target them - NOW.
It contains in-depth analysis of global, regional and national sales and growth.
It highlights for you the key successful trends, changes and revenue projections made by your competitors.
Forecasts to 2034 and other analyses reveal commercial prospects
In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
You will find original analyses, with business outlooks and developments.
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising power-to-x (P2X) prices and recent developments.
Segments Covered in the Report
Source
Renewable Energy Sources
Conventional Energy Sources
Hybrid Energy Sources
Application
Energy Storage
Grid Stabilization
Fuel Production
Industrial Processes
End-User
Utilities
Industrial
Transportation
Residential
Commercial
Technology
Power-to-Gas (P2G)
Power-to-Heat (P2H)
Power-to-Liquids (P2L)
Power-to-Chemicals (P2C)
Power-to-Hydrogen (P2H2)
Other Technologies
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 15 leading national markets:
North America
U.S.
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
MEA
GCC
South Africa
Rest of MEA
The report also includes profiles and for some of the leading companies in the Power-to-X (P2X) Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies profiled in the report
Air Liquide SA
Air Products and Chemicals, Inc
Ceres Power Holdings plc
Copenhagen Infrastructure Partners
International Renewable Energy Agency (IRENA)
Linde plc
Mitsubishi Power, Ltd
ThyssenKrupp AG
Underground Sun Conversion
Weidmuller Interface GmbH & Co. KG,.
Overall world revenue for Power-to-X (P2X) Market, 2024 to 2034 in terms of value the market will surpass US$356.0 million in 2024, our work calculates. We predict strong revenue growth through to 2034. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Power-to-X (P2X) Market, 2024 to 2034 report help you?
In summary, our 350+ page report provides you with the following knowledge:
Revenue forecasts to 2034 for Power-to-X (P2X) Market, 2024 to 2034 Market, with forecasts for source, application, end-user, and technology, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
Revenue forecasts to 2034 for five regional and xx key national markets - See forecasts for the Power-to-X (P2X) Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America, and MEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
Prospects for established firms and those seeking to enter the market - including company profiles for 10 of the major companies involved in the Power-to-X (P2X) Market, 2024 to 2034.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the Power-to-X (P2X) Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.
Table of Contents
1 Report Overview
- 1.1 Objectives of the Study
- 1.2 Introduction to Power-to-X (P2X) Market
- 1.3 What This Report Delivers
- 1.4 Why You Should Read This Report
- 1.5 Key Questions Answered by This Analytical Report
- 1.6 Who is This Report for?
- 1.7 Methodology
- 1.7.1 Market Definitions
- 1.7.2 Market Evaluation & Forecasting Methodology
- 1.8 Frequently Asked Questions (FAQs)
- 1.8.1 Data Validation
- 1.8.1.1 Primary Research
- 1.8.1.2 Secondary Research
- 1.9 Associated Visiongain Reports
- 1.10 About Visiongain
2 Executive Summary
3 Market Overview
- 3.1 Key Findings
- 3.2 Market Dynamics
- 3.3 Impact Analysis
- 3.3.1 Market Driving Factors
- 3.3.1.1 Government Subsidies, Grants, and Tax Incentives for Renewable Energy Projects Support the Adoption of P2X Technologies
- 3.3.1.2 Increasing Demand of Green Hydrogen and Ammonia Driving the Market Growth
- 3.3.1.3 Emphasis on Renewable Energy Sources Driving the Market Growth
- 3.3.2 Market Restraining Factors
- 3.3.2.1 Lack of Knowledge About E-Fuels and E-Fertilizers is Anticipated to Slow Down the Market
- 3.3.2.2 P2X Technologies Often Require Significant Upfront Investment in Infrastructure and Equipment
- 3.3.3 Market Opportunities
- 3.3.3.1 Collaboration and Partnership Between Market Players Opportunities for the Market Growth
- 3.3.3.2 Expansion and New Product Launch Opportunities for the P2X Market Growth
- 3.3.3.3 Power-to-Advantages x's Over Currently Being Tested Energy Storage Technologies like Batteries and Pumped Hydro Driving the Market Growth
- 3.4 Supply Chain Analysis
- 3.5 Regulatory Framework
- 3.6 Emerging Markets and Megatrends
- 3.7 Porter's Five Forces Analysis
- 3.7.1 Bargaining Power of Suppliers (Low to Medium)
- 3.7.2 Bargaining Power of Buyers (Medium)
- 3.7.3 Competitive Rivalry (Medium to High)
- 3.7.4 Threat of Substitutes (Medium)
- 3.7.5 Threat of New Entrants (High)
- 3.8 PEST Analysis
4 Power-to-X (P2X) Market Analysis by Source
- 4.1 Key Findings
- 4.2 Source Segment: Market Attractiveness Index
- 4.3 Power-to-X (P2X) Market Size Estimation and Forecast by Source
- 4.4 Renewable Energy Sources
- 4.4.1 Market Size by Region, 2024-2034 (US$ Million)
- 4.4.2 Market Share by Region, 2024 & 2034 (%)
- 4.5 Conventional Energy Sources
- 4.5.1 Market Size by Region, 2024-2034 (US$ Million)
- 4.5.2 Market Share by Region, 2024 & 2034 (%)
- 4.6 Hybrid Energy Sources
- 4.6.1 Market Size by Region, 2024-2034 (US$ Million)
- 4.6.2 Market Share by Region, 2024 & 2034 (%)
5 Power-to-X (P2X) Market Analysis by Application
- 5.1 Key Findings
- 5.2 Application Segment: Market Attractiveness Index
- 5.3 Power-to-X (P2X) Market Size Estimation and Forecast by Application
- 5.4 Energy Storage
- 5.4.1 Market Size by Region, 2024-2034 (US$ Million)
- 5.4.2 Market Share by Region, 2024 & 2034 (%)
- 5.5 Grid Stabilization
- 5.5.1 Market Size by Region, 2024-2034 (US$ Million)
- 5.5.2 Market Share by Region, 2024 & 2034 (%)
- 5.6 Fuel Production
- 5.6.1 Market Size by Region, 2024-2034 (US$ Million)
- 5.6.2 Market Share by Region, 2024 & 2034 (%)
- 5.7 Industrial Processes
- 5.7.1 Market Size by Region, 2024-2034 (US$ Million)
- 5.7.2 Market Share by Region, 2024 & 2034 (%)
6 Power-to-X (P2X) Market Analysis by End-User
- 6.1 Key Findings
- 6.2 End-User Segment: Market Attractiveness Index
- 6.3 Power-to-X (P2X) Market Size Estimation and Forecast by End-User
- 6.4 Utilities
- 6.4.1 Market Size by Region, 2024-2034 (US$ Million)
- 6.4.2 Market Share by Region, 2024 & 2034 (%)
- 6.5 Industrial
- 6.5.1 Market Size by Region, 2024-2034 (US$ Million)
- 6.5.2 Market Share by Region, 2024 & 2034 (%)
- 6.6 Transportation
- 6.6.1 Market Size by Region, 2024-2034 (US$ Million)
- 6.6.2 Market Share by Region, 2024 & 2034 (%)
- 6.7 Residential
- 6.7.1 Market Size by Region, 2024-2034 (US$ Million)
- 6.7.2 Market Share by Region, 2024 & 2034 (%)
- 6.8 Commercial
- 6.8.1 Market Size by Region, 2024-2034 (US$ Million)
- 6.8.2 Market Share by Region, 2024 & 2034 (%)
7 Power-to-X (P2X) Market Analysis by Technology
- 7.1 Key Findings
- 7.2 Technology Segment: Market Attractiveness Index
- 7.3 Power-to-X (P2X) Market Size Estimation and Forecast by Technology
- 7.4 Power-to-Gas (P2G)
- 7.4.1 Market Size by Region, 2024-2034 (US$ Million)
- 7.4.2 Market Share by Region, 2024 & 2034 (%)
- 7.5 Power-to-Heat (P2H)
- 7.5.1 Market Size by Region, 2024-2034 (US$ Million)
- 7.5.2 Market Share by Region, 2024 & 2034 (%)
- 7.6 Power-to-Liquids (P2L)
- 7.6.1 Market Size by Region, 2024-2034 (US$ Million)
- 7.6.2 Market Share by Region, 2024 & 2034 (%)
- 7.7 Power-to-Chemicals (P2C)
- 7.7.1 Market Size by Region, 2024-2034 (US$ Million)
- 7.7.2 Market Share by Region, 2024 & 2034 (%)
- 7.8 Power-to-Hydrogen (P2H2)
- 7.8.1 Market Size by Region, 2024-2034 (US$ Million)
- 7.8.2 Market Share by Region, 2024 & 2034 (%)
- 7.9 Other Technologies
- 7.9.1 Market Size by Region, 2024-2034 (US$ Million)
- 7.9.2 Market Share by Region, 2024 & 2034 (%)
8 Power-to-X (P2X) Market Analysis by Region
- 8.1 Key Findings
- 8.2 Regional Market Size Estimation and Forecast
9 North America Power-to-X (P2X) Market Analysis
- 9.1 Key Findings
- 9.2 North America Power-to-X (P2X) Market Attractiveness Index
- 9.3 North America Power-to-X (P2X) Market by Country, 2024, 2029 & 2034 (US$ Million)
- 9.4 North America Power-to-X (P2X) Market Size Estimation and Forecast by Country
- 9.5 North America Power-to-X (P2X) Market Size Estimation and Forecast by Source
- 9.6 North America Power-to-X (P2X) Market Size Estimation and Forecast by Application
- 9.7 North America Power-to-X (P2X) Market Size Estimation and Forecast by End-User
- 9.8 North America Power-to-X (P2X) Market Size Estimation and Forecast by Technology
- 9.9 U.S. Power-to-X (P2X) Market Analysis
- 9.10 Canada Power-to-X (P2X) Market Analysis
10 Europe Power-to-X (P2X) Market Analysis
- 10.1 Key Findings
- 10.2 Europe Power-to-X (P2X) Market Attractiveness Index
- 10.3 Europe Power-to-X (P2X) Market by Country, 2024, 2029 & 2034 (US$ Million)
- 10.4 Europe Power-to-X (P2X) Market Size Estimation and Forecast by Country
- 10.5 Europe Power-to-X (P2X) Market Size Estimation and Forecast by Source
- 10.6 Europe Power-to-X (P2X) Market Size Estimation and Forecast by Application
- 10.7 Europe Power-to-X (P2X) Market Size Estimation and Forecast by End-User
- 10.8 Europe Power-to-X (P2X) Market Size Estimation and Forecast by Technology
- 10.9 Germany Power-to-X (P2X) Market Analysis
- 10.10 UK Power-to-X (P2X) Market Analysis
- 10.11 France Power-to-X (P2X) Market Analysis
- 10.12 Italy Power-to-X (P2X) Market Analysis
- 10.13 Spain Power-to-X (P2X) Market Analysis
- 10.14 Rest of Europe Power-to-X (P2X) Market Analysis
11 Asia-Pacific Power-to-X (P2X) Market Analysis
- 11.1 Key Findings
- 11.2 Asia-Pacific Power-to-X (P2X) Market Attractiveness Index
- 11.3 Asia-Pacific Power-to-X (P2X) Market by Country, 2024, 2029 & 2034 (US$ Million)
- 11.4 Asia-Pacific Power-to-X (P2X) Market Size Estimation and Forecast by Country
- 11.5 Asia-Pacific Power-to-X (P2X) Market Size Estimation and Forecast by Source
- 11.6 Asia-Pacific Power-to-X (P2X) Market Size Estimation and Forecast by Application
- 11.7 Asia-Pacific Power-to-X (P2X) Market Size Estimation and Forecast by End-User
- 11.8 Asia-Pacific Power-to-X (P2X) Market Size Estimation and Forecast by Technology
- 11.9 China Power-to-X (P2X) Market Analysis
- 11.10 India Power-to-X (P2X) Market Analysis
- 11.11 Japan Power-to-X (P2X) Market Analysis
- 11.12 South Korea Power-to-X (P2X) Market Analysis
- 11.13 Australia Power-to-X (P2X) Market Analysis
- 11.14 Rest of Asia-Pacific Power-to-X (P2X) Market Analysis
12 Middle East and Africa Power-to-X (P2X) Market Analysis
- 12.1 Key Findings
- 12.2 Middle East and Africa Power-to-X (P2X) Market Attractiveness Index
- 12.3 Middle East and Africa Power-to-X (P2X) Market by Country, 2024, 2029 & 2034 (US$ Million)
- 12.4 Middle East and Africa Power-to-X (P2X) Market Size Estimation and Forecast by Country
- 12.5 Middle East and Africa Power-to-X (P2X) Market Size Estimation and Forecast by Source
- 12.6 Middle East and Africa Power-to-X (P2X) Market Size Estimation and Forecast by Application
- 12.7 Middle East and Africa Power-to-X (P2X) Market Size Estimation and Forecast by End-User
- 12.8 Middle East and Africa Power-to-X (P2X) Market Size Estimation and Forecast by Technology
- 12.9 GCC Power-to-X (P2X) Market Analysis
- 12.10 South Africa Power-to-X (P2X) Market Analysis
- 12.11 Rest of Middle East and Africa Power-to-X (P2X) Market Analysis
13 Latin America Power-to-X (P2X) Market Analysis
- 13.1 Key Findings
- 13.2 Latin America Power-to-X (P2X) Market Attractiveness Index
- 13.3 Latin America Power-to-X (P2X) Market by Country, 2024, 2029 & 2034 (US$ Million)
- 13.4 Latin America Power-to-X (P2X) Market Size Estimation and Forecast by Country
- 13.5 Latin America Power-to-X (P2X) Market Size Estimation and Forecast by Source
- 13.6 Latin America Power-to-X (P2X) Market Size Estimation and Forecast by Application
- 13.7 Latin America Power-to-X (P2X) Market Size Estimation and Forecast by End-User
- 13.8 Latin America Power-to-X (P2X) Market Size Estimation and Forecast by Technology
- 13.9 Brazil Power-to-X (P2X) Market Analysis
- 13.10 Mexico Power-to-X (P2X) Market Analysis
- 13.11 Rest of Latin America Power-to-X (P2X) Market Analysis
14 Company Profiles
- 14.1 Competitive Landscape, 2023
- 14.2 Strategic Outlook
- 14.3 Air Liquide SA
- 14.3.1 Company Snapshot
- 14.3.2 Company Overview
- 14.3.3 Financial Analysis
- 14.3.3.1 Net Revenue, 2019-2023
- 14.3.3.2 R&D, 2019-2023
- 14.3.3.3 Regional Market Shares, 2023
- 14.3.3.4 Business Segment Market Shares, 2023
- 14.3.4 Product Benchmarking
- 14.3.5 Strategic Outlook
- 14.3.6 SWOT Analysis
- 14.4 Linde plc
- 14.4.1 Company Snapshot
- 14.4.2 Company Overview
- 14.4.3 Financial Analysis
- 14.4.3.1 Net Revenue, 2019-2023
- 14.4.3.2 R&D, 2019-2023
- 14.4.3.3 Regional Market Shares, 2023
- 14.4.3.4 Business Segment Market Shares, 2023
- 14.4.4 Product Benchmarking
- 14.4.5 Strategic Outlook
- 14.4.6 SWOT Analysis
- 14.5 Air Products and Chemicals, Inc
- 14.5.1 Company Snapshot
- 14.5.2 Company Overview
- 14.5.3 Financial Analysis
- 14.5.3.1 Net Revenue, 2019-2023
- 14.5.3.2 R&D, 2019-2023
- 14.5.3.3 Regional Market Shares, 2023
- 14.5.3.4 Business Segment Market Shares, 2023
- 14.5.4 Product Benchmarking
- 14.5.5 Strategic Outlook
- 14.5.6 SWOT Analysis
- 14.6 Mitsubishi Power, Ltd
- 14.6.1 Company Snapshot
- 14.6.2 Company Overview
- 14.6.3 Financial Analysis
- 14.6.3.1 Net Revenue, 2019-2023
- 14.6.3.2 R&D, 2019-2023
- 14.6.3.3 Regional Market Shares, 2023
- 14.6.3.4 Business Segment Market Shares, 2023
- 14.6.4 Product Benchmarking
- 14.6.5 Strategic Outlook
- 14.6.6 SWOT Analysis
- 14.7 Ceres Power Holdings plc
- 14.7.1 Company Snapshot
- 14.7.2 Company Overview
- 14.7.3 Financial Analysis
- 14.7.3.1 Net Revenue, 2019-2023
- 14.7.3.2 R&D, 2019-2023
- 14.7.3.3 Regional Market Shares, 2023
- 14.7.4 Product Benchmarking
- 14.7.5 Strategic Outlook
- 14.7.6 SWOT Analysis
- 14.8 ThyssenKrupp AG
- 14.8.1 Company Snapshot
- 14.8.2 Company Overview
- 14.8.3 Financial Analysis
- 14.8.3.1 Net Revenue, 2019-2023
- 14.8.3.2 R&D, 2019-2023
- 14.8.3.3 Regional Market Shares, 2023
- 14.8.3.4 Business Segment Market Shares, 2023
- 14.8.4 Product Benchmarking
- 14.8.5 Strategic Outlook
- 14.9 International Renewable Energy Agency (IRENA)
- 14.9.1 Company Snapshot
- 14.9.2 Company Overview
- 14.9.3 Product Benchmarking
- 14.10 Copenhagen Infrastructure Partners
- 14.10.1 Company Snapshot
- 14.10.2 Company Overview
- 14.10.3 Product Benchmarking
- 14.10.4 Strategic Outlook
- 14.11 Underground Sun Conversion
- 14.11.1 Company Snapshot
- 14.11.2 Company Overview
- 14.11.3 Product Benchmarking
- 14.12 Weidmuller Interface GmbH & Co. KG,
- 14.12.1 Company Snapshot
- 14.12.2 Company Overview
- 14.12.3 Product Benchmarking
15 Conclusion and Recommendations
- 15.1 Concluding Remarks from Visiongain
- 15.2 Recommendations for Market Players