Power-To-Gas Market Industry Analysis and Forecast 2027

[manisha kashid]

The term "power-to-gas" refers to energy production and storage technology that allows for the storing of megawatts of electricity in reserve. The current network infrastructure can be utilized by connecting existing power and natural gas networks. This enables seasonal power storage and the provision of CO2-neutral fuels in the form of renewable energy source gas. The global study on the power-to-gas market includes segment analysis by technology, capacity, end-user, and geography.

Power-To-Gas Market Report Scope:

The  Power-To-Gas  market has been analysed at regional and country levels. The segment-wise and region-wise analysis of the Power-To-Gas    market dynamics including drivers, restraints, challenges and opportunities has been provided in the report. This detailed analysis of the market makes the report an investor’s guide.  

A bottom-up approach has been used to estimate the  Power-To-Gas  market size. Key Players in the Power-To-Gas  market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and Power-To-Gas  industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. SWOT analysis was used to provide strengths, weaknesses, opportunities and threats of the  Power-To-Gas   key players in the industry.

Power-To-Gas Market Report Overview:

The new market intelligence report published by research firm, Stellar Market Research, indicates the lucrative growth for  Power-To-Gas Market suppliers in the forecast period through 2029. The  Power-To-Gas Market report includes the growth drivers, major restraints, upcoming challenges and prevailing opportunities in the market.

Power-To-Gas Market Size 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)

To Get A Copy Of The Sample Of The Market, Click Here:https://www.stellarmr.com/report/req_sample/Power-To-Gas-Market/501 

Power-To-Gas   Market Regional Analysis:

Government initiatives in the sector and regulations drive the Power-To-Gas    Market growth in the region. The  Power-To-Gas   market report includes a geographic condition of the market, market size and share as well as in-depth research into the business network structure, opportunities, and news updates. The report includes all the regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.

Power-To-Gas   Market Segmentation:

Based on technology, the electrolysis segment is estimated to account for 62% of the power-to-gas market by 2027. Electrolysis accounted for US$ 17.65 billion in 2020 and is predicted to rise at a CAGR of 12.5% between 2020 and 2027. This is due to its adaptability and ability to successfully integrate electricity from intermittent renewable energy sources such as wind and solar. These are the primary benefits that will drive the Electrolysis segment's growth in the global market during the forecast period. However, the Methanation segment was valued at US$ 11 million in 2020, with a CAGR of 10.05% during the forecast period.

Based on capacity, the power-to-gas market segment of 1000 kW and above is predicted to grow significantly at a CAGR of 12.45% over the forecast period. This is owing to the rising commercialization and execution of multiple MW level projects of power to gas technologies, as well as demand from utilities and industrial end-users for 1000 KW and higher capacity. These are the primary drivers driving the global market growth in the 1000 kW and above segment during the forecast period.

Utilities, based on end-user, are predicted to increase fast at a CAGR of 13.2% throughout the projection period. The utility business is expanding as power and gas utilities strive to produce hydrogen more effectively by combining intermittent renewable energy sources while maintaining power system flexibility. During the projected period, these are the primary factors driving the growth of the utilities segment in the power-to-gas market.

Power-To-Gas Market Key Players:

ThyssenKrupp
Hitachi Zosen Inova Etogas
McPhy Energy
Hydrogenics
ITM Power
Uniper
Siemens
MAN Energy Solutions
Micropyros
Carbotech
Aquahydrex
Power-to-gas Hungary
Socalgas
Fuelcell Energy
Electrochaea
Nel Hydrogen
Exytron
GreenHydrogen
Ineratec

Key Questions answered in the Power-To-Gas   Market Report are:

• What is  Power-To-Gas   Market?
• What is the forecast period of the Power-To-Gas   Market?
• What are the  Power-To-Gas   market segments?
• Which segment held the largest Power-To-Gas   market share?
• What will be the CAGR of the Power-To-Gas   market during the forecast period?
• What is the competitive scenario of the Power-To-Gas    market?
• What are the opportunities for the Power-To-Gas   Market?
• What are the factors restraining the Power-To-Gas    market growth?
• Which region held the largest market share in the Power-To-Gas    Market?

Key offerings:

• Market Share, Size, and Forecast by Revenue
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis of segments and sub-segments
• Competitive Landscape- Leading key players and other prominent key players.

Request for Free Sample Pages:https://www.stellarmr.com/report/req_sample/Power-To-Gas-Market/501 

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, 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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