Artificial Photosynthesis Market by Application (Hydrocarbon, Hydrogen, Chemicals), Technology (Co-Electrolysis, Photo-Electro Catalysis, Nanotechnology, Hybrid Process), Region (North America, APAC, Europe, Rest of World) - Global Forecast to 2030

Abstract
The artificial photosynthesis market size will grow to USD 185 Million by 2030 from USD 62 Million in 2022, at a CAGR of 14.6% during the forecast period. The global artificial photosynthesis market is driven by the government fundings and grants for the research and development of artificial photosynthesis technology; global plans for net zero emissions. Growing demand of green H2 and eco-friendly liquid fuels are expected to offer lucrative opportunities for the artificial photosynthesis market during the forecast period.

“Asia Pacific: The largest region in the artificial photosynthesis market.”

Asia Pacific is expected to dominate the global artificial photosynthesis market between 2022–2030. The region has been segmented, by country, into Japan, China, India, and South Korea. The region faces a tough challenge to reduce its carbon footprint from various fossil-fuel-powered operations, including power generation. Asia Pacific is one of the leading markets that has adopted green technologies to meet the targets set by the governments for reducing greenhouse gas emissions. Furthermore, countries such as Japan and South Korea are increasing their investments in innovative energy & fuel generation technologies, such as fuel cells, carbon recycling, and others

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier I–65%, Tier II–24%, and Tier III–11%
By Designation: C-Level–30%, Director Level–25%, and Others–45%
By Region: Asia Pacific–45%, North America–30%, and Europe–25%

Note: “Others” include research scholars, engineers, and technical head

The tier of the companies is defined on the basis of their total revenue as of 2017—Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3: The Major players who are actively carrying out research and development and moving slowly towards commercialization of artificial photosynthesis market are Panasonic Corporation (Japan), and ENGIE (France), TOSHIBA CORPORATION (Japan), Siemens Energy (Germany), FUJITSU (Japan), Evonik Industries AG (Germany), FUJIFILM Corporation (Japan), Toyota Central R&D Labs., Inc. (Japan), Mitsubishi Chemical Corporation (Japan), Twelve (formerly known as, Opus 12) (US) and etc.

Study Coverage:
The report defines, describes, and forecasts the artificial photosynthesis market, by technology, application, and region. It also offers detailed qualitative and quantitative analyses of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the artificial photosynthesis market.

Key benefits of buying the report:
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the global artificial photosynthesis market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different regions.
2. The report helps stakeholders understand the pulse of the artificial photosynthesis market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, partnerships, collaborations, and investments.

Content
Table of Contents

1INTRODUCTION15
1.1STUDY OBJECTIVES15
1.2DEFINITION15
1.2.1ARTIFICIAL PHOTOSYNTHESIS MARKET: INCLUSIONS AND EXCLUSIONS16
1.3MARKET SCOPE16
1.3.1MARKET SEGMENTATION16
1.3.2REGIONS COVERED16
1.3.3YEARS CONSIDERED17
1.4CURRENCY17
1.5LIMITATIONS17
1.6STAKEHOLDERS18
2RESEARCH METHODOLOGY19
2.1RESEARCH DATA19
FIGURE 1ARTIFICIAL PHOTOSYNTHESIS MARKET: RESEARCH DESIGN19
2.2MARKET BREAKDOWN AND DATA TRIANGULATION20
FIGURE 2DATA TRIANGULATION METHODOLOGY20
2.2.1SECONDARY DATA21
2.2.1.1Key data from secondary sources21
2.2.2PRIMARY DATA21
2.2.2.1Key data from primary sources22
2.2.2.2Breakdown of primaries22
2.3MARKET SIZE ESTIMATION23
2.3.1SUPPLY-SIDE ANALYSIS23
2.3.1.1Assumptions of supply-side analysis23
2.3.1.2Calculation of supply-side analysis23
2.3.2DEMAND-SIDE ANALYSIS23
2.3.2.1Assumptions for demand-side analysis23
2.3.2.2Limitation for demand-side analysis24
2.3.2.3Calculation of demand-side analysis24
2.3.3FORECAST24
3EXECUTIVE SUMMARY25
TABLE 1ARTIFICIAL PHOTOSYNTHESIS MARKET SNAPSHOT25
FIGURE 3ASIA PACIFIC HELD LARGEST SHARE OF ARTIFICIAL PHOTOSYNTHESIS MARKET IN 202126
FIGURE 4DURING 2018–2022, MOST-USED STRATEGY BY COMPANIES IN ARTIFICIAL PHOTOSYNTHESIS MARKET WAS COLLABORATIONS26
 
4PREMIUM INSIGHTS27
4.1ATTRACTIVE OPPORTUNITIES IN ARTIFICIAL PHOTOSYNTHESIS MARKET27
FIGURE 5GROWING DEMAND FOR GREEN H2 AND ECO-FRIENDLY LIQUID FUELS TO BOOST MARKET GROWTH BETWEEN 2022 AND 203027
4.2ARTIFICIAL PHOTOSYNTHESIS MARKET, BY REGION28
FIGURE 6ARTIFICIAL PHOTOSYNTHESIS MARKET IN NORTH AMERICA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD28
5MARKET OVERVIEW29
5.1INTRODUCTION29
5.2MARKET DYNAMICS30
FIGURE 7ARTIFICIAL PHOTOSYNTHESIS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES30
FIGURE 8ENERGY-RELATED CO2 EMISSIONS, 1990–2019 (GT CO2)31
5.3PATENT ANALYSIS33
TABLE 2ARTIFICIAL PHOTOSYNTHESIS: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2017–FEBRUARY 202233
5.4CASE STUDY ANALYSIS34
5.4.1US AIR FORCE PLANS FOR TRANSITION TO SUSTAINABLE AVIATION FUEL34
5.4.1.1Problem statement34
5.4.1.2Solution34
5.4.2PROCTOR AND GAMBLE’S OATH FOR CARBON NEUTRALITY BY 204034
5.4.2.1Problem statement34
5.4.2.2Solution34
5.5KEY CONFERENCES AND EVENTS IN 2022 & 202334
TABLE 3ARTIFICIAL PHOTOSYNTHESIS: DETAILED LIST OF CONFERENCES & EVENTS34
5.6GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS36
TABLE 4GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS36
5.7TECHNOLOGICAL ANALYSIS37
5.8TRENDS/DISRUPTIONS IMPACTING VARIOUS PROBABLE END USERS38
FIGURE 9REVENUE SHIFT FOR ARTIFICIAL PHOTOSYNTHESIS PROVIDERS38
5.9ECOSYSTEM38
TABLE 5ARTIFICIAL PHOTOSYNTHESIS MARKET: ECOSYSTEM38
5.10INDICATIVE PRICING ANALYSIS39
TABLE 6AVERAGE PRICE OF TITANIUM DIOXIDE, BY REGION, QUARTER ENDING DECEMBER 202139
6ARTIFICIAL PHOTOSYNTHESIS MARKET, BY APPLICATION40
6.1INTRODUCTION41
6.2HYDROCARBONS41
6.3HYDROGEN42
6.4CHEMICALS42
7ARTIFICIAL PHOTOSYNTHESIS MARKET, BY TECHNOLOGY43
7.1INTRODUCTION44
7.2PHOTO-ELECTRO CATALYSIS44
7.3CO-ELECTROLYSIS44
7.4OTHERS44
7.4.1NANOTECHNOLOGY44
7.4.2HYBRID PROCESS45
8GEOGRAPHICAL ANALYSIS46
8.1INTRODUCTION47
FIGURE 11REGIONAL SNAPSHOT: ARTIFICIAL PHOTOSYNTHESIS MARKET IN NORTH AMERICA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD47
FIGURE 12ARTIFICIAL PHOTOSYNTHESIS MARKET SHARE (VALUE), BY REGION, 202147
TABLE 7ARTIFICIAL PHOTOSYNTHESIS MARKET, BY REGION,
2020–2030 (USD THOUSAND)48
8.2NORTH AMERICA48
FIGURE 13NORTH AMERICA: REGIONAL SNAPSHOT48
TABLE 8ARTIFICIAL PHOTOSYNTHESIS PROJECTS IN NORTH AMERICA49
8.2.1BY COUNTRY49
TABLE 9ARTIFICIAL PHOTOSYNTHESIS MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2030 (USD THOUSAND)49
8.2.1.1US50
8.2.1.1.1Growing demand for clean energy generation and emphasis on R&D of artificial photosynthesis technology50
8.2.1.1.2Macro factors50
TABLE 10US: HYDROGEN PRODUCTION CAPACITY AT REFINERIES, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)50
TABLE 11US: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)50
8.2.1.2Canada50
8.2.1.2.1Increasing demand for green hydrogen is driving research activities for artificial photosynthesis50
8.2.1.2.2Macro factors51
TABLE 12CANADA: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)51
TABLE 13CANADA: GREENHOUSE GAS EMISSIONS, 2013–2017
(MILLION TONS OF CO2)51
8.3ASIA PACIFIC51
FIGURE 14ASIA PACIFIC: REGIONAL SNAPSHOT52
TABLE 14ARTIFICIAL PHOTOSYNTHESIS PROJECTS IN ASIA PACIFIC52
8.3.1BY COUNTRY53
TABLE 15ARTIFICIAL PHOTOSYNTHESIS MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2030 (USD THOUSAND)53
8.3.1.1China53
8.3.1.1.1Growing research and development activities for sustainable hydrogen generation53
8.3.1.1.2Macro factors53
TABLE 16CHINA: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY)53
TABLE 17CHINA: GREENHOUSE GAS EMISSIONS, 2013–2017
(THOUSAND TONS OF CO2)53
8.3.1.2Japan54
8.3.1.2.1Increasing funding by national R&D agency for establishing large-scale hydrogen supply chain54
8.3.1.2.2Macro factors54
TABLE 18JAPAN: HYDROGEN PRODUCTION CAPACITY AT REFINERIES, 2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY)54
TABLE 19JAPAN: GREENHOUSE GAS EMISSIONS, 2013–2017
(THOUSAND TONS OF CO2)54
8.3.1.3South Korea54
8.3.1.3.1Surging investments by government supporting hydrogen generation technologies54
8.3.1.3.2Macro factors55
TABLE 20SOUTH KOREA: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY)55
8.3.1.4India55
8.3.1.4.1Rising focus of Government of India to increase share of renewables55
8.3.1.4.2Macro factors55
TABLE 21INDIA: HYDROGEN PRODUCTION CAPACITY AT REFINERIES, 2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY)55
TABLE 22INDIA: GREENHOUSE GAS EMISSIONS, 2013–2017
(THOUSAND TONS OF CO2)55
8.4EUROPE56
TABLE 23ARTIFICIAL PHOTOSYNTHESIS PROJECTS IN EUROPE56
8.4.1BY COUNTRY57
TABLE 24ARTIFICIAL PHOTOSYNTHESIS MARKET IN EUROPE, BY COUNTRY,
2020–2030 (USD THOUSAND)57
8.4.1.1Germany57
8.4.1.1.1Growing investments in R&D activities for artificial photosynthesis57
8.4.1.1.2Macro factors58
TABLE 25GERMANY: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY)58
TABLE 26GERMANY: GREENHOUSE GAS EMISSIONS, 2013–2017
(THOUSAND TONS OF CO2)58
8.4.1.2France58
8.4.1.2.1Surging use of renewable energy sources for sustainable development58
8.4.1.2.2Macro factors58
TABLE 27FRANCE: HYDROGEN PRODUCTION CAPACITIES AT REFINERIES,
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)58
TABLE 28FRANCE: GREENHOUSE GAS EMISSIONS, 2013–2017
(MILLION TONS OF CO2)58
8.4.1.3Italy59
8.4.1.3.1Surging adoption of green technologies to curb carbon emission59
8.4.1.3.2Macro factors59
TABLE 29ITALY: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY)59
8.4.1.4Spain59
8.4.1.4.1Rising expenditure on R&D activities on artificial photosynthesis59
8.4.1.4.2Macro factors60
TABLE 30SPAIN: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY)60
8.4.1.5Rest of Europe60
8.4.1.5.1Macro factors60
TABLE 31REST OF EUROPE: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
BY COUNTRY, 2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY)60
8.5REST OF THE WORLD61
8.5.1MACRO FACTORS61
TABLE 32REST OF WORLD: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
BY COUNTRY, 2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY)61
9COMPETITIVE LANDSCAPE62
9.1OVERVIEW62
9.2COMPETITIVE SCENARIO & TRENDS62
TABLE 33ARTIFICIAL PHOTOSYNTHESIS MARKET: DEALS, JANUARY 2016–
FEBRUARY 202262
TABLE 34ARTIFICIAL PHOTOSYNTHESIS MARKET: OTHERS JANUARY 2016–
FEBRUARY 202263
9.3RECENT MARKET DEVELOPMENTS63
TABLE 35KEY DEVELOPMENTS IN ARTIFICIAL PHOTOSYNTHESIS MARKET,
JANUARY 2012–FEBRUARY 202263
9.4INDUSTRY CONCENTRATION65
9.5COMPANY EVALUATION QUADRANT65
9.5.1STAR65
9.5.2PERVASIVE65
9.5.3EMERGING LEADER65
9.5.4PARTICIPANT66
FIGURE 16COMPETITIVE LEADERSHIP MAPPING: ARTIFICIAL PHOTOSYNTHESIS MARKET, 202066
TABLE 36ARTIFICIAL PHOTOSYNTHESIS: COMPANY FOOTPRINT67
TABLE 37COMPETITIVE BENCHMARKING: DETAILED LIST OF KEY PLAYERS67
9.6COMPANY PRODUCT COVERAGE68
TABLE 38ARTIFICIAL PHOTOSYNTHESIS: COMPANY PRODUCT COVERAGE68
10COMPANY PROFILES69
(Business overview, Products offered, Recent Developments, MNM view)*
10.1ORIGINAL EQUIPMENT MANUFACTURERS69
10.1.1ENGIE69
TABLE 39ENGIE: BUSINESS OVERVIEW69
FIGURE 17ENGIE: COMPANY SNAPSHOT 202070
TABLE 40ENGIE: DEALS70
10.1.2PANASONIC CORPORATION72
TABLE 41PANASONIC CORPORATION: BUSINESS OVERVIEW72
FIGURE 18PANASONIC CORPORATION: COMPANY SNAPSHOT 202073
TABLE 42PANASONIC CORPORATION: OTHERS73
10.1.3FUJITSU75
TABLE 43FUJITSU: BUSINESS OVERVIEW75
FIGURE 19FUJITSU: COMPANY SNAPSHOT 202076
TABLE 44FUJITSU: DEALS76
10.1.4MITSUBISHI CHEMICAL CORPORATION78
TABLE 45MITSUBISHI CHEMICAL CORPORATION: BUSINESS OVERVIEW78
TABLE 46MITSUBISHI CHEMICAL CORPORATION: DEALS78
10.1.5TOSHIBA CORPORATION79
TABLE 47TOSHIBA CORPORATION: BUSINESS OVERVIEW79
FIGURE 20TOSHIBA CORPORATION: COMPANY SNAPSHOT 202080
TABLE 48TOSHIBA CORPORATION: OTHERS80
10.1.6TOYOTA CENTRAL R&D LABS., INC.81
TABLE 49TOYOTA CENTRAL R&D LABS., INC.: BUSINESS OVERVIEW81
TABLE 50TOYOTA CENTRAL R&D LABS., INC.: OTHERS81
10.1.7SIEMENS ENERGY82
TABLE 51SIEMENS ENERGY: BUSINESS OVERVIEW82
FIGURE 21SIEMENS ENERGY: COMPANY SNAPSHOT 202083
TABLE 52SIEMENS ENERGY: DEALS83
10.1.8FUJIFILM CORPORATION85
TABLE 53FUJIFILM CORPORATION: BUSINESS OVERVIEW85
TABLE 54FUJIFILM CORPORATION: DEALS85
10.1.9TWELVE (FORMERLY KNOWN AS, OPUS 12)86
TABLE 55TWELVE (FORMERLY KNOWN AS, OPUS 12): BUSINESS OVERVIEW86
TABLE 56TWELVE (FORMERLY KNOWN AS, OPUS 12): DEALS86
10.1.10EVONIK INDUSTRIES AG88
TABLE 57EVONIK INDUSTRIES AG: BUSINESS OVERVIEW88
FIGURE 22EVONIK INDUSTRIES AG: COMPANY SNAPSHOT 202089
TABLE 58EVONIK INDUSTRIES AG: OTHERS89
 
10.2R&D INSTITUTES91
10.2.1BERKELEY LAB91
TABLE 59BERKELEY LAB: OVERVIEW91
TABLE 60BERKELEY LAB: DEALS91
10.2.2DEUTSCHE AKADEMIE DER NATURFORSCHER LEOPOLDINA93
TABLE 61DEUTSCHE AKADEMIE DER NATURFORSCHER LEOPOLDINA: OVERVIEW93
TABLE 62DEUTSCHE AKADEMIE DER NATURFORSCHER LEOPOLDINA: OTHERS93
10.2.3INDIAN INSTITUTE OF SCIENCE(IISC)94
TABLE 63INDIAN INSTITUTE OF SCIENCE (IISC): OVERVIEW94
10.2.4CENTER FOR HYBRID APPROACHES IN SOLAR ENERGY TO LIQUID
FUELS (CHASE)95
TABLE 64CENTER FOR HYBRID APPROACHES IN SOLAR ENERGY TO LIQUID FUELS (CHASE): OVERVIEW95
TABLE 65CENTER FOR HYBRID APPROACHES IN SOLAR ENERGY TO LIQUID FUELS (CHASE): DEALS95
10.2.5ICIQ96
TABLE 66ICIQ: OVERVIEW96
10.2.6NEW ENERGY AND INDUSTRIAL TECHNOLOGY DEVELOPMENT ORGANIZATION97
TABLE 67NEW ENERGY AND INDUSTRIAL TECHNOLOGY DEVELOPMENT ORGANIZATION: OVERVIEW97
TABLE 68NEW ENERGY AND INDUSTRIAL TECHNOLOGY DEVELOPMENT ORGANIZATION: DEALS97
10.2.7UNIVERSITY OF TORONTO98
10.2.8THE UNIVERSITY OF PAU AND PAYS DE L’ADOUR99
10.2.9UNIVERSITY OF BOLOGNA100
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
11APPENDIX101
11.1INSIGHTS OF INDUSTRY EXPERTS101
11.2DISCUSSION GUIDE102
11.3KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL105
11.4AVAILABLE CUSTOMIZATIONS107
11.5RELATED REPORTS107
11.6AUTHOR DETAILS108