PUBLISHER: Grand View Research | PRODUCT CODE: 1554086
PUBLISHER: Grand View Research | PRODUCT CODE: 1554086
"2030 artificial photosynthesis market value to reach USD 190.0 million."
The global artificial photosynthesis market size was estimated at USD 80.8 million in 2023 and is estimated to grow at a CAGR of 13.2% from 2024 to 2030. Global focus on reductions of carbon emissions is expected to remain a key driver for the market.
With climate change becoming a critical concern, the demand for innovative and sustainable solutions to produce clean energy is expected to rise over the coming years. Artificial photosynthesis mimics the natural process of photosynthesis, offering a green technology to capture carbon dioxide from the atmosphere and convert it into useful fuels and chemicals, thereby directly addressing the need for carbon-neutral or even carbon-negative energy sources.
Global Artificial Photosynthesis Market Report Segmentation
This report forecasts revenue growth at global, country, and regional levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global artificial photosynthesis market report on the basis of technology, application, and region.