Global Power-to-x Market Size & Outlook, 2025-2030
The global power-to-x market size was estimated at USD 346.9 million in 2024 and is projected to reach USD 645.3 million by 2030, growing at a CAGR of 11.2% from 2025 to 2030.
Revenue, 2024 (US$M)
$346.9
Forecast, 2030 (US$M)
$645.3
CAGR, 2025 - 2030
11.2%
Report Coverage
Worldwide
Global power-to-x market, 2018-2030 (US$M)
Related Markets
Global power-to-x market highlights
- The global power-to-x market generated a revenue of USD 346.9 million in 2024 and is expected to reach USD 645.3 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 11.2% by 2030.
- In terms of segment, power-to-h2 accounted for a revenue of USD 173.5 million in 2024.
- Power-to-Methanol is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2024.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 346.9 million |
| Market revenue in 2030 | USD 645.3 million |
| Growth rate | 11.2% (CAGR from 2025 to 2030) |
| Largest segment | Power-to-h2 |
| Fastest growing segment | Power-to-Methanol |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Power-to-H2, Power-to-CO/Syngas/Formic Acid, Power-to-NH3, Power-to-Methane, Power-to-Methanol, Power-to-H202 |
Other key industry trends
- In terms of revenue, the North America accounted for 21.6% of the global power-to-x market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 4.4 million by 2030.
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Power-to-X Market Scope
Power-to-x market segmentation & scope
Power-to-X Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Siemens Energy | View profile | 10001+ | München, Bayern, Germany, Europe | https://www.siemens-energy.com/ |
| Copenhagen Infrastructure Partners | View profile | 251-500 | Copenhagen, Hovedstaden, Denmark, Europe | http://cipartners.dk/ |
| ITM Power PLC | View profile | 406 | 2 Bessemer Park, Shepcote Lane, Sheffield, United Kingdom, S9 1DZ | https://www.itm-power.com |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| Engie SA | View profile | 97000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | https://www.engie.com |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| Alfa Laval AB | View profile | 21441 | Rudeboksvagen 1, P.O. Box 73, Lund, Sweden, SE-221 00 | https://www.alfalaval.com |
| Valmet Corp | View profile | 19032 | Keilasatama 5, P.O. Box 11, Espoo, Finland, 02150 | https://www.valmet.com |
Global power-to-x market size, by regions, 2018-2030 (US$M)
Top 10 countries: Power-to-x market size, 2024 (US$M)
Global power-to-x market share, by technology, 2024 & 2030 (%, US$M)
Power-to-x market: Opportunity assessment by country
Global power-to-x market, by region, 2024 (US$M)
Related statistics
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