A device that transforms electrical energy into methane or hydrogen syngas (synthetic gas) is known as “Power-to-Gas.” The hydrogen produced by the power-to-gas sector is subsequently used as fuel or as a chemical in other sectors. Power-to-gas systems store excess energy from renewable sources, such solar and wind power, and use it for a variety of purposes. These systems employ the stored energy for industrial, transportation, and heating uses. An encouraging step in fusing renewable resources with electricity generation sources is the work being done by the power gas industry.
The market is seeing a spike in expansion, and it will soon reach a new height in the size of the power-to-gas market. An increasing number of power-to-gas systems are required as a result of power generation sources becoming more integrated with renewable resources. Global population growth, increasing urbanization, more access to energy, and infrastructural development are all contributing to a quicker pace of increase in the demand for electricity. The use of gas, diesel, and thermal energy for the production of electricity results in carbon emissions, which are quite dangerous. In order to reduce carbon footprints, the parties involved in the power-to-gas sector are concentrating on pooling renewable resources with electricity generation. The heightened consciousness regarding environmental concerns has resulted in the implementation of techniques that mitigate pollution and diminish reliance on fossil fuels for energy generation.
The burgeoning market is stimulated by the concern over rising carbon emissions and the steps being taken to reduce them. Several nations, including Saudi Arabia, Germany, India, and the United Arab Emirates, have set out to expand the market for renewable energy sources. By 2030, the Saudi Arabian government hopes to generate 60 GW of electricity from renewable sources. The UAE government unveiled Energy Strategy 2050 in 2017, with the aim of increasing the production of renewable energy by 50% by the year 2050. The German government established a goal to reach 98 GW of solar energy capacity by 2030. This was in the same year. The Indian government set a goal in 2019 to have 100 GW of solar power capacity by 2022.
Research Methodology:
After secondary research provided a fundamental understanding of the worldwide Power-to-gas Market scenario, extensive primary research was carried out. A number of primary interviews were carried out with industry experts from the supply and demand sides, including C- and D-level executives, product managers, and marketing and sales managers of major manufacturers, distributors, and channel partners from tier 1 and tier 2 companies offering Power-to-gas Market, as well as personnel from academia, research, and CROs. These interviews were conducted across five major regions: North America, Europe, Asia Pacific, and the Rest of the World (Latin America & the Middle East & Africa). Participants from the supply-side and demand-side participated in about 70% and 30% of the primary interviews, respectively. Through the use of questionnaires, emails, online surveys, in-person interviews, and phone interviews, this main data was gathered. The primary participants share is given below:
Power-to-gas Market based on Technology:
Power-to-gas Market based on Capacity:
- Less than 100 kW
- 100–999 kW
- 1000 kW and Above
Power-to-gas Market based on End user:
- Commercial
- Utilities
- Industrial
Power-to-gas Market based on Geography:
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
There is a growing call for a decrease in the pace of carbon emissions due to environmental concerns. Coal and natural gas are examples of non-renewable fuels that release waste and dangerous gasses. As a result, there is a growing reliance on renewable energy sources for energy generation. It will push the market’s economic growth rate to greater heights. Many governments have established goals to boost their nations’ ability to generate power in the near future, which will raise their market worth. The market is always changing, and the transportation industry’s continued expansion in the use of hydrogen will present excellent growth prospects for the power-to-gas business in the years to come.
With the COVID-19 epidemic, there was an impact on the global power-to-gas business. Since residential regions accounted for the majority of electricity use rather than commercial or industrial locations, overall electricity consumption decreased. However, the growing demand for using renewable sources to generate power had the least impact on market income. The Power-to-Gas Market will grow in size as a result of a larger reduction in reliance on fossil fuel-based sources.
The market trends are evolving quickly, and they will soon reach their projected value throughout the projection period. But the market’s difficulties may limit how quickly it grows. One of the main obstacles to the growth of the power-to-gas sector is the energy lost during process operations.
By the end of 2025, the Power-to-Gas Market revenue will have surpassed its prior historical growth rate due to its continuous quick expansion. According to the market analysis, the market value is expected to rise in the predicted years due to the vehicle sector and activities aimed at reducing carbon emissions.
The market for power-to-gas is divided into segments based on end-user, technology, capacity, and geographic location. The market size is divided into three segments based on capacity: power less than 100 kW, power between 100 and 1000 kW, and power above 1000 kW. Utilities, commercial, and industrial sectors are examples of end users. Methanation and electrolysis are included in the market segmentation based on technology. Areas including North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are included in the market’s region segmentation.
Many geographical areas, including North America, Europe, Asia Pacific, the Middle East, and Africa, are researched for the power-to-gas market analysis. Due to the strong demand for renewable energy sources and hydrogen generation, Europe now has the largest market share. 42 billion euros are being invested in Spain to create solar parks, while Germany wants to produce 20 percent hydrogen by the end of 2030 at the latest. Throughout the projection period, these projects will support market expansion.
- This report illustrates the most vital attributes of the Power-to-gas Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Power-to-gas Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Power-to-gas Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Power-to-gas Market.
List of Tables
TABLE 1. POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 2. POWER-TO-GAS MARKET VALUE FOR ELECTROLYSIS, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 3. POWER-TO-GAS MARKET VALUE FOR METHANATION, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 4. POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 5. POWER-TO-GAS MARKET VALUE FOR LESS THAN 100 KW, 2021-2030 (USD BILLION)
TABLE 6. POWER-TO-GAS MARKET VALUE FOR 100–999 KW, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 7. POWER-TO-GAS MARKET VALUE FOR 1000 KW AND ABOVE, 2021-2030 (USD BILLION)
TABLE 8. POWER-TO-GAS MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 9. POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 10. POWER-TO-GAS MARKET VALUE FOR COMMERCIAL, 2021-2030 (USD BILLION)
TABLE 11. POWER-TO-GAS MARKET VALUE FOR UTILITIES, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 12. POWER-TO-GAS MARKET VALUE FOR INDUSTRIAL, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 13. NORTH AMERICA POWER-TO-GAS MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 14. NORTH AMERICA POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 15. NORTH AMERICA POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 16. NORTH AMERICA POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 17. U.S POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 18. U.S POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 19. U.S POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 20. CANADA POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 21. CANADA POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 22. CANADA POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 23. MEXICO POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 24. MEXICO POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 25. MEXICO POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 26. EUROPE POWER-TO-GAS MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 27. EUROPE POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 28. EUROPE POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 29. EUROPE POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 30. GERMANY POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 31. GERMANY POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 32. GERMANY POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 33. U.K POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 34. U.K POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 35. U.K POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 36. FRANCE POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 37. FRANCE POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 38. FRANCE POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 39. ITALY POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 40. ITALY POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 41. ITALY POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 42. SPAIN POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 43. SPAIN POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 44. SPAIN POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 45. ROE POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 46. ROE POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 47. ROE POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 48. ASIA PACIFIC POWER-TO-GAS MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 49. ASIA PACIFIC POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 50. ASIA PACIFIC POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 51. ASIA PACIFIC POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 52. CHINA POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 53. CHINA POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 54. CHINA POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 55. INDIA POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 56. INDIA POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 57. INDIA POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 58. JAPAN POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 59. JAPAN POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 60. JAPAN POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 61. REST OF APAC POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 62. REST OF APAC POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 63. REST OF APAC POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 64. LATIN AMERICA POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 65. LATIN AMERICA POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 66. LATIN AMERICA POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 67. BRAZIL POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 68. BRAZIL POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 69. BRAZIL POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 70. ARGENTINA POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 71. ARGENTINA POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 72. ARGENTINA POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 73. MIDDLE EAST AND AFRICA POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 74. MIDDLE EAST AND AFRICA POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 75. MIDDLE EAST AND AFRICA POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 76. SAUDI ARABIA POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 77. SAUDI ARABIA POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 78. SAUDI ARABIA POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 79. UAE POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 80. UAE POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 81. UAE POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 82. REST OF MIDDLE EAST AND AFRICA POWER-TO-GAS MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 83. REST OF MIDDLE EAST AND AFRICA POWER-TO-GAS MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 84. REST OF MIDDLE EAST AND AFRICA POWER-TO-GAS MARKET VALUE, BY END USER, 2021-2030 (USD BILLION)
TABLE 85. THYSSENKRUPP AG: FINANCIALS
TABLE 86. THYSSENKRUPP AG: PRODUCTS & SERVICES
TABLE 87. THYSSENKRUPP AG: RECENT DEVELOPMENTS
TABLE 88. SIEMENS: FINANCIALS
TABLE 89. SIEMENS: PRODUCTS & SERVICES
TABLE 90. SIEMENS: RECENT DEVELOPMENTS
TABLE 91. MCPHY ENERGY S.A.: FINANCIALS
TABLE 92. MCPHY ENERGY S.A.: PRODUCTS & SERVICES
TABLE 93. MCPHY ENERGY S.A.: RECENT DEVELOPMENTS
TABLE 94. ENGIE, EXYTRON VERTRIEB GMBH: FINANCIALS
TABLE 95. ENGIE, EXYTRON VERTRIEB GMBH: PRODUCTS & SERVICES
TABLE 96. ENGIE, EXYTRON VERTRIEB GMBH: RECENT DEVELOPMENTS
TABLE 97. MAN ENERGY SOLUTIONS: FINANCIALS
TABLE 98. MAN ENERGY SOLUTIONS: PRODUCTS & SERVICES
TABLE 99. MAN ENERGY SOLUTIONS: RECENT DEVELOPMENTS
TABLE 100. HYDROGENICS, NEL ASA: FINANCIALS
TABLE 101. HYDROGENICS, NEL ASA: PRODUCTS & SERVICES
TABLE 102. HYDROGENICS, NEL ASA: RECENT DEVELOPMENTS
TABLE 103. ITM POWER: FINANCIALS
TABLE 104. ITM POWER: PRODUCTS & SERVICES
TABLE 105. ITM POWER: RECENT DEVELOPMENTS
TABLE 106. UNIPER SE: FINANCIALS
TABLE 107. UNIPER SE: PRODUCTS & SERVICES
TABLE 108. UNIPER SE: RECENT DEVELOPMENTS
TABLE 109. HITACHI ZOSEN INOVA AG: FINANCIALS
TABLE 110. HITACHI ZOSEN INOVA AG: PRODUCTS & SERVICES
TABLE 111. HITACHI ZOSEN INOVA AG: RECENT DEVELOPMENTS
TABLE 112. GREEN HYDROGEN INERATEC: FINANCIALS
TABLE 113. GREEN HYDROGEN INERATEC: PRODUCTS & SERVICES
TABLE 114. GREEN HYDROGEN INERATEC: RECENT DEVELOPMENTS
