Europe Power-to-x Market Size & Outlook, 2024-2030

The power-to-x market in Europe is expected to reach a projected revenue of US$ 240.8 million by 2030. A compound annual growth rate of 9.4% is expected of Europe power-to-x market from 2025 to 2030.
Revenue, 2024 (US$M)
$142.2
Forecast, 2030 (US$M)
$240.8
CAGR, 2025 - 2030
9.4%
Report Coverage
Europe

Europe power-to-x market highlights

  • The Europe power-to-x market generated a revenue of USD 142.2 million in 2024.
  • The market is expected to grow at a CAGR of 9.4% 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, France is expected to register the highest CAGR from 2025 to 2030.

Europe data book summary

Market revenue in 2024USD 142.2 million
Market revenue in 2030USD 240.8 million
Growth rate9.4% (CAGR from 2025 to 2030)
Largest segmentPower-to-h2
Fastest growing segmentPower-to-Methanol
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPower-to-H2, Power-to-CO/Syngas/Formic Acid, Power-to-NH3, Power-to-Methane, Power-to-Methanol, Power-to-H202
Key market players worldwideAir 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, Europe region accounted for 41.0% 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 Companies

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Europe power-to-x market size, by country, 2018-2030 (US$M)

Europe Power-to-X Market Outlook Share, 2024 & 2030 (US$M)

Europe power-to-x market size, by country, 2018-2030 (US$M)

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