U.S. Artificial Photosynthesis Market Size & Outlook

The artificial photosynthesis market in the United States is expected to reach a projected revenue of US$ 50.4 million by 2030. A compound annual growth rate of 13.1% is expected of the United States artificial photosynthesis market from 2024 to 2030.
Revenue, 2023 (US$M)
$21.6
Forecast, 2030 (US$M)
$50.4
CAGR, 2024 - 2030
13.1%
Report Coverage
U.S.

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U.S. artificial photosynthesis market, 2018-2030 (US$M)

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U.S. artificial photosynthesis market highlights

  • The U.S. artificial photosynthesis market generated a revenue of USD 21.6 million in 2023 and is expected to reach USD 50.4 million by 2030.
  • The U.S. market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
  • In terms of segment, co-electrolysis was the largest revenue generating technology in 2023.
  • Photo-electro catalysis is the most lucrative technology segment registering the fastest growth during the forecast period.

Artificial photosynthesis market data book summary

Market revenue in 2023USD 21.6 million
Market revenue in 2030USD 50.4 million
Growth rate12.8% (CAGR from 2024 to 2030)
Largest segmentCo-electrolysis
Fastest growing segmentPhoto-electro catalysis
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCo-electrolysis, Photo-electro catalysis
Key market players worldwidePanasonic Holdings Corp, Engie SA, Siemens Energy AG ADR, Mitsubishi Chemical Group Corp, Toshiba Corporation, FUJIFILM Holdings Corp, Toyota Motor Corp ADR

Other key industry trends

  • In terms of revenue, U.S. accounted for 26.8% of the global artificial photosynthesis market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. artificial photosynthesis market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 10.2 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

U.S. 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 50.93% in 2023. Horizon Databook has segmented the U.S. artificial photosynthesis market based on co-electrolysis, photo-electro catalysis covering the revenue growth of each sub-segment from 2018 to 2030.


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

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U.S. artificial photosynthesis market size, by technology, 2018-2030 (US$M)

U.S. Artificial Photosynthesis Market Outlook Share, 2023 & 2030 (US$M)

U.S. artificial photosynthesis market size, by technology, 2018-2030 (US$M)

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