Asia Pacific Power-to-x Market Size & Outlook, 2024-2030
The power-to-x market in Asia Pacific is expected to reach a projected revenue of US$ 206.6 million by 2030. A compound annual growth rate of 11.8% is expected of Asia Pacific power-to-x market from 2025 to 2030.
Revenue, 2024 (US$M)
$107.2
Forecast, 2030 (US$M)
$206.6
CAGR, 2025 - 2030
11.8%
Report Coverage
Asia Pacific
Asia Pacific power-to-x market, 2018-2030 (US$M)
Related Markets
Asia Pacific power-to-x market highlights
- The Asia Pacific power-to-x market generated a revenue of USD 107.2 million in 2024.
- The market is expected to grow at a CAGR of 11.8% 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.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 107.2 million |
| Market revenue in 2030 | USD 206.6 million |
| Growth rate | 11.8% (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 |
| 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, Asia Pacific region accounted for 30.9% of the global power-to-x market in 2024.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 36.1 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 |
|---|
Asia Pacific power-to-x market size, by country, 2018-2030 (US$M)
Asia Pacific Power-to-X Market Outlook Share, 2024 & 2030 (US$M)
Related regional statistics
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