Europe Power-to-X market is
expected to grow at an impressive rate during the forecast period. The rise in
awareness among consumers regarding the adverse effects of conventional sources
of energy and their harmful contribution to the environment is leading the way
for the need to generate and store renewable sources of energy. The renewable
source of energy is eco-friendly energy and is considered a reliable source of
energy. The Paris Agreement goals emphasizing the increased share of renewable
sources in the future energy generation is expected to fuel the demand for the
energy storage systems in the forecast period. Growing demand for energy from
the prominent industries for heat, transport, and energy generation purpose
requires the transformation of energy from one phase to another usable form is
accelerating the demand for the Power-to-X technology. There is high demand for
hydrogen and hydrogen-based products in mobility applications and
re-electrification in the combined heat and power plants. The growing demand
for hydrogen in industries such as in refineries or for steel production is
expected to boost the Power-to-X market growth in the next five years.
Europe Power-to-X market can be
segmented into application, end user, type, regional distribution, and company.
Based on the end user, the market is divided into transportation, agriculture,
manufacturing, industry, residential, and others. The transportation segment is
expected to account for major market share in the forecast period, 2023-2027
owing to the rise in the demand for eco-friendly vehicles with lower carbon
emissions into the environment. The rise in the production and sales of
electric vehicles in the region which uses rechargeable batteries is the
driving factor for the growth of this segment. Also, heavy duty trucking,
long-haul shipping, and intercontinental aviation cannot directly convert the
electricity are accelerating the demand for the Power-to-X market in the next
five years.
The major players operating in the
Europe Power-to-X market include Carbon2Chem, FH2R, HPEM2GAS,
Heat Smart Orkney, Jupiter 1000, Power-to-Flex, REFHYNE, Underground Sun
Conversion, among others. Major
companies are developing advanced technologies to stay competitive in the
market. Other competitive strategies include mergers & acquisitions.
Objective of the Study:
- To analyze and forecast the
market size of Europe Power-to-X market.
- To classify and forecast Europe
Power-to-X market based on application, end user, type, regional
distribution, and company.
- To identify drivers and
challenges for Europe Power-to-X market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in Europe Power-to-X market.
- To identify and analyze the
profile of leading players operating in the Europe Power-to-X market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major service providers across the globe.
TechSci Research calculated the market size of Europe Power-to-X
market by using a bottom-up approach, where data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these services and
applications for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
TechSci Research.
Key Target
Audience:
- Power-to-X service
providers, suppliers, distributors, and other stakeholders.
·
Research organizations and consulting companies
·
Trade associations, organizations, forums, and
alliances related to Power-to-X.
·
Government bodies such as regulating authorities
and policy makers
·
Industry associations
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers and partners, end users, etc., besides allowing them
in strategizing investments and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historic Data
|
2017 – 2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million, Volume in Units and CAGR for 2017-2021
and 2022E-2027F
|
|
Report coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
|
Segments covered
|
·
Application
·
End User
·
Type
|
|
Country scope
|
Germany; France; Netherlands; Belgium; Denmark; Spain; United
Kingdom; Switzerland; Poland
|
|
Key companies profiled
|
Carbon2Chem, FH2R, HPEM2GAS, Heat Smart
Orkney, Jupiter 1000, Power-to-Flex, REFHYNE, Underground Sun Conversion.
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, Europe Power-to-X
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
Europe Power-to-X
Market, By Application:
o Decentralized Production
o Seasonal Energy Storage
o Decarbonization
o Grid Stability
·
Europe Power-to-X Market, By End User:
o Transportation
o Agriculture
o Manufacturing
o Industry
o Residential
o Others
·
Europe Power-to-X Market, By Type:
o
Power-to-gas
o
Power-to-heat
o
Power-to-Ammonia
o
Energy
Storage
o
Others
·
Europe Power-to-X Market, By Country:
o Germany
o France
o Netherlands
o Belgium
o Denmark
o Spain
o United Kingdom
o Switzerland
o Poland
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Europe Power-to-X market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
In case you don’t find what, you are
looking for, please get in touch with our custom research team at [email protected]