Global Power-to-gas Market Size is estimated to expand rapidly in coming years, at a CAGR of 10.5 % from 2019 to 2027. In 2017, the global market valuation was USD 0.42 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. The increase in growth is due to the effective use of renewable sources of energy and integrated power and gas network management. The increase in renewable energy potential and the need for carbon reduction has led to an increase in the implementation of power-to-gas technologies.
Global Market Growth Opportunities (Revenue, Growth) By 2019-2027
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global power-to-gas market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global power-to-gas market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Technology Insights: On the basis of technology, global power-to-gas market has been segmented into electrolysis and machination. By 2027, the category of electrolysis is projected to have the largest market share. This is due to its complex nature and its ability to integrate power efficiently from fluctuating energy sources including wind and solar.
By End User Insights: On the basis of end user, global power-to-gas market has been segmented into commercial, utilities, and industrial. Among which utilities segment is expected to be the highest growing segment in the global market of power-to-gas. The oil and gas resources segment expands with a view to generating hydrogen efficiently, incorporating intermediate renewable and offering flexibility in the operation of the power system.
The power-to-gas market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
This study analyzes the power-to-gas market for three regions, namely North America, Europe and Asia Pacific. It is projected that from 2018 to 2024, Europe will be the largest market. This is because power-to-gas technology will play an important part in stabilizing the energy supply and compensating for fluctuating renewable energy generation in the area. The need for energy-to-gas systems has increased for Germany, with the country rising hydrogen demand from the transportation of chemicals, manufacturing and fuel cells.
Global Power-to-gas Market Size, Share Analysis by Region 2019-2027
Asia-Pacific is supposed to have greater demand in the forecast year because of the fast-growing population. This factor alone stands out as the reason why the region will be dominating the power-to-gas market share in the given forecast period. Due to improvements in GDP per capita and infrastructure development has urbanized the region to greater extent turning rural areas into urban areas. The sudden surge in the demand has caused the cities to fall into unsustainable consumption models. The top key players in the power-to-gas market are located in the region.
As large projects are ongoing in countries like China, India, Australia, and Indonesia in Asia Pacific, the region has potential to bypass any competition. This is also because of the great amount of reserves that the region has. Exploration activities in China are increasing which is why China may have great demand for tin catalysts and compounds. According to the National Bureau of Statistics, power-to-gas market will increase the regional demand during the forecast period.
Global Power-to-gas Market Study Objective
To forecast the market size of power-to-gas market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
Market analysis and forecast of power-to-gas market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
To analyze and elaborate significant factors that will have a major impact on the growth of power-to-gas market, such as drivers, restraints, challenges, and opportunities.
The regional analysis of power-to-gas market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
To provide detailed analysis of competitive and strategic developments in the power-to-gas market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Hydrogenics, ITM Power, McPhy Energy, Siemens, MAN Energy Solutions, Nel Hydrogen, ThyssenKrupp, Electrochaea, Exytron, and GreenHydrogen are some of the key players in the market of power-to-gas. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.
Global Power-to-gas Market Study Report Offer You!
The global power-to-gas market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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