Product Code: 12520
The total revenue generated by the artificial photosynthesis market was USD 63.1 million in 2022, and it will reach USD 188.9 million by 2030, proceeding at a compound annual growth rate of 14.70% in the years to come, as said by a report published by P&S Intelligence.
The co-electrolysis category had the largest share of revenue in the past, and it will maintain its position in the years to come at a rate of 15.6%. This is due to the fact that this technology is employed for the production of electricity, manufacturing of agricultural fertilizers, and production of hydrogen.
Moreover, integrated artificial photosynthesis combines extremely productive and selective CO2 electrolysis with high-efficiency solar energy for providing best systems for recycling of carbon.
The increasing population and the snowballing purchasing power of consumers because of the increasing per capita income are powering the increasing requirement for crops.
Though, decreasing levels of arable land because of a variety of environmental, climatic, and human factors, inspire farmers and governments to competently make use of the available land for production of crops. Therefore, the requirement for fertilizers is on the rise, as they advance the productivity and growth of crops.
Nitrogen fertilizer is the utmost common fertilizer used in agrarian activities. Ammonia is a building block for the making of nitrogen fertilizers.
The hydrocarbons dominated the artificial photosynthesis market and it will maintain its position in the years to come with a rate of 14.9%. This is as a result of the large-scale acceptance of artificial photosynthesis that can offer society storable and renewable energy in the form of valued fuels.
The requirement for green hydrogen and clean fuel has progressively increased recently, powered by increasing number of grants and funding. For example, the U.S. has promised the usage of renewable energy to for the production of green hydrogen, more economical than natural gas.
North America dominated the industry, and it will continue the same way in the future too. This is because of the increasing government initiatives for provide funding for research and the increasing influence to the net zero emission plan.
APAC will have the fastest growth. This will be because of the increasing demand eco-friendly liquid fuels and green hydrogen, the increasing economy together with per capita income, the increasing company count, the snowballing acceptance of technologies for production of renewable energy, the growing concern of the government regarding emissions of carbon, the increasing need for fuel, and ammonia from the agriculture industry.
The growing need for energy across the globe will power the demand for artificial photosynthesis even more in the years to come.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by application
- 1.4.2. Market size breakdown, by technology
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
Chapter 6. Industry Outlook
- 6.1. Market Dynamics
- 6.1.1. Trends
- 6.1.2. Drivers
- 6.1.3. Restraints/challenges
- 6.1.4. Impact analysis of drivers/restraints
- 6.2. Impact of COVID-19
- 6.3. Porter's Five Forces Analysis
- 6.3.1. Bargaining power of buyers
- 6.3.2. Bargaining power of suppliers
- 6.3.3. Threat of new entrants
- 6.3.4. Intensity of rivalry
- 6.3.5. Threat of substitutes
Chapter 7. Global Market
- 7.1. Overview
- 7.2. Market Revenue, by Application (2017-2030)
- 7.3. Market Revenue, by Technology (2017-2030)
- 7.4. Market Revenue, by Region (2017-2030)
Chapter 8. North America Market
- 8.1. Overview
- 8.2. Market Revenue, by Application (2017-2030)
- 8.3. Market Revenue, by Technology (2017-2030)
- 8.4. Market Revenue, by Country (2017-2030)
Chapter 9. Europe Market
- 9.1. Overview
- 9.2. Market Revenue, by Application (2017-2030)
- 9.3. Market Revenue, by Technology (2017-2030)
- 9.4. Market Revenue, by Country (2017-2030)
Chapter 10. APAC Market
- 10.1. Overview
- 10.2. Market Revenue, by Application (2017-2030)
- 10.3. Market Revenue, by Technology (2017-2030)
- 10.4. Market Revenue, by Country (2017-2030)
Chapter 11. LATAM Market
- 11.1. Overview
- 11.2. Market Revenue, by Application (2017-2030)
- 11.3. Market Revenue, by Technology (2017-2030)
- 11.4. Market Revenue, by Country (2017-2030)
Chapter 12. MEA Market
- 12.1. Overview
- 12.2. Market Revenue, by Application (2017-2030)
- 12.3. Market Revenue, by Technology (2017-2030)
- 12.4. Market Revenue, by Country (2017-2030)
Chapter 13. U.S. Market
- 13.1. Overview
- 13.2. Market Revenue, by Application (2017-2030)
- 13.3. Market Revenue, by Technology (2017-2030)
Chapter 14. Canada Market
- 14.1. Overview
- 14.2. Market Revenue, by Application (2017-2030)
- 14.3. Market Revenue, by Technology (2017-2030)
Chapter 15. Germany Market
- 15.1. Overview
- 15.2. Market Revenue, by Application (2017-2030)
- 15.3. Market Revenue, by Technology (2017-2030)
Chapter 16. France Market
- 16.1. Overview
- 16.2. Market Revenue, by Application (2017-2030)
- 16.3. Market Revenue, by Technology (2017-2030)
Chapter 17. U.K. Market
- 17.1. Overview
- 17.2. Market Revenue, by Application (2017-2030)
- 17.3. Market Revenue, by Technology (2017-2030)
Chapter 18. Italy Market
- 18.1. Overview
- 18.2. Market Revenue, by Application (2017-2030)
- 18.3. Market Revenue, by Technology (2017-2030)
Chapter 19. Spain Market
- 19.1. Overview
- 19.2. Market Revenue, by Application (2017-2030)
- 19.3. Market Revenue, by Technology (2017-2030)
Chapter 20. Japan Market
- 20.1. Overview
- 20.2. Market Revenue, by Application (2017-2030)
- 20.3. Market Revenue, by Technology (2017-2030)
Chapter 21. China Market
- 21.1. Overview
- 21.2. Market Revenue, by Application (2017-2030)
- 21.3. Market Revenue, by Technology (2017-2030)
Chapter 22. India Market
- 22.1. Overview
- 22.2. Market Revenue, by Application (2017-2030)
- 22.3. Market Revenue, by Technology (2017-2030)
Chapter 23. Australia Market
- 23.1. Overview
- 23.2. Market Revenue, by Application (2017-2030)
- 23.3. Market Revenue, by Technology (2017-2030)
Chapter 24. South Korea Market
- 24.1. Overview
- 24.2. Market Revenue, by Application (2017-2030)
- 24.3. Market Revenue, by Technology (2017-2030)
Chapter 25. Brazil Market
- 25.1. Overview
- 25.2. Market Revenue, by Application (2017-2030)
- 25.3. Market Revenue, by Technology (2017-2030)
Chapter 26. Mexico Market
- 26.1. Overview
- 26.2. Market Revenue, by Application (2017-2030)
- 26.3. Market Revenue, by Technology (2017-2030)
Chapter 27. Saudi Arabia Market
- 27.1. Overview
- 27.2. Market Revenue, by Application (2017-2030)
- 27.3. Market Revenue, by Technology (2017-2030)
Chapter 28. South Africa Market
- 28.1. Overview
- 28.2. Market Revenue, by Application (2017-2030)
- 28.3. Market Revenue, by Technology (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Panasonic Holdings Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. ENGIE SA
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Toshiba Corporation
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Fujitsu Limited
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Evonik Industries AG
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Siemens Energy AG
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Toyota CRDL Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.8. Mitsubishi Chemical Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Twelve
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.10. FUJIFILM Corporation
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports