Dublin, July 01, 2024 (GLOBE NEWSWIRE) -- The "Artificial Photosynthesis Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering.
In terms of value, the market surpassed US$70 million in 2023. This research predicts strong revenue growth through to 2033.
This 237-page report provides you with the following knowledge:
- Revenue forecasts to 2034 for Artificial Photosynthesis Market, 2024 to 2034 Market, with forecasts for technology, application, country, and each forecast at a global, and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2034 for five regional and 15 key national markets - See forecasts for the Artificial Photosynthesis Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
- Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Artificial Photosynthesis Market.
Growing Application in Agriculture Industry
Artificial photosynthesis technology holds significant promise for revolutionizing various industries, including agriculture. Artificial photosynthesis mimics the process of natural photosynthesis, capturing carbon dioxide from the atmosphere and converting it into valuable organic compounds. In agriculture, this could mean capturing CO2 emissions from agricultural activities or other sources and converting them into useful products like fertilizers or feedstock for biofuels.
Some artificial photosynthesis technologies produce hydrogen gas as a byproduct. Hydrogen is a clean and renewable energy source that can be used for various agricultural purposes, such as powering farm equipment or generating electricity for greenhouse operations. By harnessing sunlight and converting it into usable energy, artificial photosynthesis systems can provide a sustainable source of energy for powering indoor farming operations, such as vertical farms or hydroponic systems. This can enable year-round crop production in regions with limited sunlight or adverse weather conditions.
High Initial Investment and Operational Costs to Restrain Market Growth
Developing efficient artificial photosynthesis technologies requires extensive research and development efforts, often involving interdisciplinary teams of scientists and engineers. These costs can be substantial, especially in the early stages of technology development. Many artificial photosynthesis approaches rely on specialized materials, such as semiconductors or catalysts, which can be expensive to produce or acquire. Additionally, the scalability of these materials for large-scale deployment can present further challenges.
Implementing artificial photosynthesis at scale necessitates significant infrastructure investments. This includes building or retrofitting facilities for capturing sunlight, housing reactors, and integrating systems for gas separation and product purification. While artificial photosynthesis aims to mimic natural photosynthesis by using sunlight as the primary energy source, additional energy inputs may be required for certain processes, such as electrolysis or catalysis. The cost of supplying this energy can contribute to the overall operational expenses.
You need to discover how this will impact the artificial photosynthesis market today, and over the next 10 years:
- This 237-page report provides 81 tables and 113 charts/graphs exclusively to you.
- The report highlights key lucrative areas in the industry so you can target them - NOW.
- It contains in-depth analysis of global, regional and national sales and growth.
- It highlights for you the key successful trends, changes and revenue projections made by your competitors.
Forecasts to 2034 and other analyses reveal commercial prospects:
- In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints, and challenges), porters five forces analysis, PEST analysis, and recent developments.
Segments Covered in the Report
Technology Outlook
- Electrolysis
- Photocatalytic
- Hybrid
- Nanotechnology
Application Outlook
- Hydrocarbon
- Hydrogen
- Chemicals
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 15 leading national markets:
North America
- U.S.
- Canada
Europe
- Netherlands
- Germany
- Poland
- Italy
- France
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
Latin America
- Brazil
- Mexico
Middle East & Africa
- GCC
- South Africa
The report also includes profiles and for some of the leading companies in the Artificial Photosynthesis Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies profiled in the report:
- Engie SA
- Evonik Industries AG
- FUJIFILM Corporation
- Fujitsu Limited
- Mitsubishi Chemical Holdings Corporation
- Panasonic Holdings Corporation
- Siemens Energy AG
- Toshiba Corporation
- Toyota Central R&D Labs
- Twelve
Other companies featured in the report:
- Adnoc
- Air Products and ACWA Power
- Amazon
- Axpo
- Celonis
- Duke Energy
- E.ON
- EDP Renewables
- Eneco
- Eneco Diamond Hydrogen
- Energa
- ENGIE
- Entegris
- EverWind
- Evonik
- FUJIFILM Diosynth Biotechnologies
- GE Vernova
- H2B2 Electrolysis Technologies
- Infinite Green Energy
- Instytut Maszyn Przeplywowych
- JGC Corporation Oceania Pty Ltd
- JGC Holdings Corporation
- Jland Biotech
- Lhyfe
- Link Consulting Group
- METRON SAS
- Mitsubishi Corporation
- Ocean Winds
- Oracle
- Orlen Group
- Rio Tinto Ltd
- Sargent & Lundy
- Shimadzu Benelux
- Siemens
- Smartenergy
- Summit Hydrogen Gladstone Pty Ltd
- Tokai National Higher Education and Research System
- Toyota Motor
- Unilever
- Uniper
- World Energy
For more information about this report visit https://www.researchandmarkets.com/r/d93mpy
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