Power-To-Gas market was valued at US$ 27.92 Mn. in 2020, and it is expected to reach US$ 54.93 Mn. by 2027 with a CAGR of 10.15% during the forecast period (2021-2027)
Power-to-Gas Market Overview
The term "power-to-gas" refers to energy production and storage technology that permits megawatts of electricity stored in reserve. By connecting existing power and natural gas grids, the current network infrastructure can be leveraged. This allows for the seasonal storage of large amounts of power and the provision of CO2-neutral fuels in the form of renewable energy source gas. The global report on the power-to-gas market is provided with the segment analysis on the basis of technology, capacity, end-user and region.
Power-to-Gas Market Report Scope and Research Methodology
The global Power-to-Gas Market report includes business statistics and analytical insights to provide a comprehensive understanding of the Market size, Market share, growth, trend, demand, top player and industry profile, opportunities, value cycle, end-users, types, and applications in simple language. The report also includes growth opportunities in micro markets for stakeholders to invest in with a detailed analysis of the competitive landscape and significant competitors' product offers. The report also includes an in-depth analysis of key players in the industry along with their financial status in the Power-to-Gas Market.
The qualitative and quantitative data provided in the Power-to-Gas Market report helps decision-makers to understand the factors affecting the Market and key opportunities prevailing in the Market. SWOT analysis was used to provide the strengths and weaknesses of the Power-to-Gas Market.
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Power-to-Gas Market Dynamics
The demand for electricity in residential regions was far greater than in business and industrial areas during the lockdown. With a power supply mix that included renewables, demand shifted more towards renewables, and market growth improved steadily.
Power-to-Gas Market Regional Analysis
The report has been segmented into many key countries, including Market size, CAGR, import and export of Power-to-Gas Market in the different countries mentioned in the report. The regions and their countries studied are:
North America- U.S., Canada, Mexico,
Europe- UK, Germany, France, Spain, Rest of Europe,
Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC,
South America- Brazil
Middle East and Africa.
Power-to-Gas Market Segmentation
According to end-user, the utilities segment is anticipated to expand quickly at a CAGR of 13.2% throughout the course of the projection period. Utility companies are growing as they aim to produce hydrogen more effectively by integrating intermittent renewable energy sources and keeping the flexibility of the power grid. These are the main factors that will fuel the utilities segment's expansion in the power-to-gas industry throughout the course of the projection period.
Power-to-Gas Market Key Players
Hydrogenics
ITM Power
Uniper
Siemens
MAN Energy Solutions
Micropyros
Carbotech
Aquahydrex
Power-to-gas Hungary
Socalgas
Fuelcell Energy
Electrochaea
Nel Hydrogen
Exytron
GreenHydrogen
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Key Questions answered in the Power-to-Gas Market Report are:
- What is Power-to-Gas Market?
- What is the competitive scenario of the Power-to-Gas Market?
- Which region held the largest Market share in the Global Power-to-Gas Market?
- What are the growth opportunities for the Power-to-Gas Market?
- What factors are hampering the Power-to-Gas Market growth?
- Who are the key players of the Power-to-Gas Market?
- What will be the CAGR of the Power-to-Gas Market during the forecast period?
- What key trends are likely to emerge in the Power-to-Gas Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by X, X, and Region
- Competitive Landscape- Key Players and Other Prominent key players.
About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, the United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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