Report Description

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.



Base Year


Historic Data

2017 – 2020

Estimated Year


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]

Table of content

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Europe Power-to-X Market

4.    Executive Summary

5.    Voice of Customers

6.    Europe Power-to-X Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Application (Decentralized Production, Seasonal Energy Storage, Decarbonization, Grid Stability)

6.2.2.     By End User (Transportation, Agriculture, Manufacturing, Industry, Residential, Others)

6.2.3.     By Type (Power-to-gas, Power-to-heat, Power-to-Ammonia, Energy Storage, Others)

6.2.4.     By Country

6.2.5.     By Company

6.3.  Product Market Map

7.    Germany Power-to-X Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Application

7.2.2.     By End User

7.2.3.     By Type

8.    France Power-to-X Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Application

8.2.2.     By End User

8.2.3.     By Type

9.    The Netherlands Power-to-X Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume 

9.2.  Market Share & Forecast

9.2.1.     By Application

9.2.2.     By End User

9.2.3.     By Type

10.  Belgium Power-to-X Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume 

10.2.              Market Share & Forecast

10.2.1.  By Application

10.2.2.  By End User

10.2.3.  By Type

11.  Denmark Power-to-X Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume 

11.2.              Market Share & Forecast

11.2.1.  By Application

11.2.2.  By End User

11.2.3.  By Type

12.  Spain Power-to-X Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value & Volume 

12.2.              Market Share & Forecast

12.2.1.  By Application

12.2.2.  By End User

12.2.3.  By Type

13.  United Kingdom Power-to-X Market Outlook

13.1.              Market Size & Forecast

13.1.1.  By Value & Volume 

13.2.              Market Share & Forecast

13.2.1.  By Application

13.2.2.  By End User

13.2.3.  By Type

14.  Switzerland Power-to-X Market Outlook

14.1.              Market Size & Forecast

14.1.1.  By Value & Volume 

14.2.              Market Share & Forecast

14.2.1.  By Application

14.2.2.  By End User

14.2.3.  By Type

15.  Poland Power-to-X Market Outlook

15.1.              Market Size & Forecast

15.1.1.  By Value & Volume 

15.2.              Market Share & Forecast

15.2.1.  By Application

15.2.2.  By End User

15.2.3.  By Type

16.  Market Dynamics

16.1.              Drivers

16.2.              Challenges

17.  Market Trends & Developments

18.  Policy and Regulatory Landscape

19.  Competitive Landscape

19.1.              Competition Outlook

19.2.              Company Profiles

19.2.1.  Carbon2Chem

19.2.2.  FH2R

19.2.3.  HPEM2GAS

19.2.4.  Heat Smart Orkney

19.2.5.  Jupiter 1000

19.2.6.  Power-to-Flex

19.2.7.  REFHYNE

19.2.8.  Underground Sun Conversion

 20. Strategic Recommendations

Figures and Tables

Frequently asked questions


Rise in demand for energy solutions and supportive government policies are expected to drive Europe Power-to-X market in the forecast period


Europe Power-to-X market can be segmented into application, end user, type, regional distribution, and company.


Based on end-user, transportation segment is expected to hold the largest share in Europe Power-to-X market during forecast period.


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.


Parvati Sharma

Account Manager BD
Press Release

Europe Power-to-X Market to grow at promising rate through 2026

Jul, 2021

Ongoing research and development activities and growing energy requirements are expected to drive the demand for Europe Power-to-X Market in the forecast period.