France Power-to-x Market Size & Outlook, 2024-2030
France power-to-x market, 2018-2030 (US$M)
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France power-to-x market highlights
- The France power-to-x market generated a revenue of USD 18.3 million in 2024 and is expected to reach USD 31.4 million by 2030.
- The France market is expected to grow at a CAGR of 9.7% 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 18.3 million |
| Market revenue in 2030 | USD 31.4 million |
| Growth rate | 9.7% (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, France accounted for 5.3% 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 49.18% in 2024. Horizon Databook has segmented the France 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 PtX market in France is rapidly expanding, fueled by the rising demand for renewable energy and the urgent need for decarbonization. As France pursues its goal of a carbon-neutral economy, there has been increased adoption of PtX technologies to convert surplus renewable electricity into versatile energy carriers, such as hydrogen, methanol, and ammonia.
This transition is vital for integrating renewable energy into industries, such as transportation and other heavy industries, which have conventionally relied on fossil fuels. France's increasing focus on PtX solutions highlights its dedication to sustainable energy and reducing carbon emissions.
France is home to several pilot projects focused on advancing PtX technologies. One notable example is the Jupiter 1000 project in Fos-sur-Mer, which serves as one of the country's first industrial-scale Power to Gas demonstrators. These pilots are helping test and refine PtX technologies in real-world conditions, while providing essential data and insights that can help improve their efficiency and scalability.
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Power-to-X Market Scope
Power-to-X Market Companies
| Name | Profile | # Employees | HQ | Website |
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France power-to-x market size, by technology, 2018-2030 (US$M)
France Power-to-X Market Outlook Share, 2024 & 2030 (US$M)
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