Germany Power-to-x Market Size & Outlook, 2024-2030
Germany power-to-x market, 2018-2030 (US$M)
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Germany power-to-x market highlights
- The Germany power-to-x market generated a revenue of USD 42.0 million in 2024 and is expected to reach USD 66.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 8.1% 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 42.0 million |
| Market revenue in 2030 | USD 66.4 million |
| Growth rate | 8.1% (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, Germany accounted for 12.1% 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 47.38% in 2024. Horizon Databook has segmented the Germany 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.
Germany's emphasis on utilizing significant public funding to advance clean energy technologies, accelerate the development of innovative solutions, expand infrastructure, and boost energy efficiency is driving the growth of the PtX market in the country.
For instance, in July 2024, The German government and several federal states have granted funding to support three major hydrogen projects, including two led by RWE and a third by a consortium in which RWE Generation SE is a partner.
These projects involve the development of electrolysis facilities in Lingen and Rostock, as well as a storage facility in Gronau-Epe, with the aim of advancing hydrogen production and infrastructure. Germany is leading the development and deployment of PtX technologies, especially in the areas of electrolysis and hydrogen storage.
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Power-to-X Market Scope
Power-to-X Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany power-to-x market size, by technology, 2018-2030 (US$M)
Germany Power-to-X Market Outlook Share, 2024 & 2030 (US$M)
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