South Africa Power-to-x Market Size & Outlook, 2025-2030
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South Africa power-to-x market highlights
- The South Africa power-to-x market generated a revenue of USD 1.3 million in 2024 and is expected to reach USD 3.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 19.1% from 2025 to 2030.
- In terms of segment, power-to-h2 was the largest revenue generating technology in 2024.
- Power-to-Methanol is the most lucrative technology segment registering the fastest growth during the forecast period.
Power-to-x market data book summary
| Market revenue in 2024 | USD 1.3 million |
| Market revenue in 2030 | USD 3.6 million |
| Growth rate | 19.1% (CAGR from 2025 to 2030) |
| Largest segment | Power-to-h2 |
| Fastest growing segment | Power-to-Methanol |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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 |
| Key market players worldwide | Air Liquide SA, Alfa Laval AB, Copenhagen Infrastructure Partners, Engie SA, ITM Power PLC, Linde PLC, Mitsubishi Corp, Siemens Energy, Thyssenkrupp AG, Valmet Corp |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.4% of the global power-to-x market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia power-to-x market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 11.4 million by 2030.
Power-to-h2 was the largest segment with a revenue share of 53.85% in 2024. Horizon Databook has segmented the South Africa power-to-x market based on power-to-h2, power-to-co/syngas/formic acid, power-to-nh3, power-to-methane, power-to-methanol, power-to-h202 covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is exploring opportunities to export PtX products, including green hydrogen, to international markets. Utilizing its abundant renewable energy resources and advancing PtX technologies, the country aims to establish itself as a significant player in the global clean energy sector.
By developing its capacity to produce and export green hydrogen, South Africa seeks to enhance its role in the global energy market and contribute to the transition to sustainable energy solutions. This strategy not only positions South Africa as a key exporter but also supports its broader goals of economic growth and energy diversification.
The development of PtX technologies is expected to drive economic growth and create new job opportunities in South Africa. As the country builds out its PtX infrastructure, it will generate employment in areas such as technology development, project management, and operations, contributing to economic diversification and stability.
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Power-to-X Market 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 |
South Africa power-to-x market size, by technology, 2018-2030 (US$M)
South Africa Power-to-X Market Outlook Share, 2024 & 2030 (US$M)
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