UK Power-to-x Market Size & Outlook, 2025-2030
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UK power-to-x market highlights
- The UK power-to-x market generated a revenue of USD 33.2 million in 2024 and is expected to reach USD 53.8 million by 2030.
- The UK market is expected to grow at a CAGR of 8.6% 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 33.2 million |
| Market revenue in 2030 | USD 53.8 million |
| Growth rate | 8.6% (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, UK accounted for 9.6% 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 Europe, Germany power-to-x market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 31.4 million by 2030.
Power-to-h2 was the largest segment with a revenue share of 50.6% in 2024. Horizon Databook has segmented the UK 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.
The adoption and scaling of PtX technologies is gaining significant traction in the U.K. Aggressive efforts are underway to utilize government support and funding for the rapid development of clean energy infrastructure, as the U.K. continues to invest heavily in green energy technologies.
The expansion of PtX projects is driving economic activity and advancing progress toward ambitious climate goals. All these factors collectively demonstrate a strategic drive to integrate sustainable solutions into the U.K.'s energy landscape.
For instance, in February 2024, The U.K. government has announced support for 11 major green hydrogen projects across the country, which will create over 700 jobs and significantly scale up the nation’s hydrogen economy. These projects aim to advance the UK’s goal of deploying up to 10GW of low-carbon hydrogen production capacity by 2030.
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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 |
UK power-to-x market size, by technology, 2018-2030 (US$M)
UK Power-to-X Market Outlook Share, 2024 & 2030 (US$M)
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