Global Artificial Photosynthesis Market Size & Outlook

The global artificial photosynthesis market size was estimated at USD 80.8 million in 2023 and is projected to reach USD 190.0 million by 2030, growing at a CAGR of 13.2% from 2024 to 2030.
Revenue, 2023 (US$M)
$80.8
Forecast, 2030 (US$M)
$190.0
CAGR, 2024 - 2030
13.2%
Report Coverage
Worldwide

Global artificial photosynthesis market highlights

  • The global artificial photosynthesis market generated a revenue of USD 80.8 million in 2023 and is expected to reach USD 190.0 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 13% by 2030.
  • In terms of segment, co-electrolysis accounted for a revenue of USD 40.7 million in 2023.
  • Photo-electro catalysis is the most lucrative technology segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, India is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 80.8 million
Market revenue in 2030USD 190.0 million
Growth rate13% (CAGR from 2024 to 2030)
Largest segmentCo-electrolysis
Fastest growing segmentPhoto-electro catalysis
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCo-electrolysis, Photo-electro catalysis

Other key industry trends

  • In terms of revenue, the North America accounted for 33.9% of the global artificial photosynthesis market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, India is the fastest growing regional market and is projected to reach USD 1.5 million by 2030.

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Artificial Photosynthesis Market Companies

Name Profile # Employees HQ Website
Toyota Motor Corp ADR View profile 380793 1 Toyota-cho, Aichi Prefecture, Toyota, Japan, 471-8571 https://www.global.toyota
Siemens Energy AG ADR View profile 97000 Otto-Hahn-Ring 6, Munich, BY, Germany, 81739 https://www.siemens-energy.com
Mitsubishi Chemical Group Corp View profile 74632 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 https://www.mcgc.com
Toshiba Corporation View profile 10001+ Tokyo, Tokyo, Japan, Asia http://www.toshiba.com/tai/
Engie SA View profile 97000 1, Place Samuel de Champlain, Courbevoie, France, 92400 https://www.engie.com
FUJIFILM Holdings Corp View profile 83784 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 http://www.fujifilmholdings.com
Panasonic Holdings Corp View profile 230025 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 https://holdings.panasonic

Global artificial photosynthesis market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial photosynthesis market will help companies and investors design strategic landscapes.


Co-electrolysis was the largest segment with a revenue share of 50.37% in 2023. Horizon Databook has segmented the Global artificial photosynthesis market based on co-electrolysis, photo-electro catalysis covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Artificial Photosynthesis Technology Outlook (Revenue, USD Million, 2018-2030)
    • Co-electrolysis
    • Photo-electro catalysis
    • Others
  • Global Artificial Photosynthesis Application Outlook (Revenue, USD Million, 2018-2030)
    • Hydrocarbon
    • Hydrogen
    • Chemicals

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Horizon Databook provides a detailed overview of global-level data and insights on the Global artificial photosynthesis market , including forecasts for subscribers. This global databook contains high-level insights into Global artificial photosynthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global artificial photosynthesis market size, by regions, 2018-2030 (US$M)

Top 10 countries: Artificial photosynthesis market size, 2023 (US$M)

Global artificial photosynthesis market share, by technology, 2023 & 2030 (%, US$M)

Artificial photosynthesis market: Opportunity assessment by country

Global artificial photosynthesis market, by region, 2023 (US$M)

Global artificial photosynthesis market size, by regions, 2018-2030 (US$M)

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