The global Power to Gas Market will be worth USD 68.3 Million by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing demand for electricity owing to rapid urbanization. Both the transportation and industrial sector has increasingly adopted renewable sources of energy. Moreover, the increasing preferences of the industrial segment towards cleaner sources of energy in order to reduce their dependency on fossil fuel-based power generation and be more energy efficient in the future is expected to drive the demand of the system over the forecast period.

The report performs an insightful analysis of various fundamental market aspects, including SWOT analysis, CAGR during the projected period, recent developments, new product launches, technology upgradation, product offerings, application landscape, end-users, and geographical footprint of the leading companies. The market estimations carried out by our team of industry experts are based on various research methodologies and validated information on the present market scenario.

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Key Highlights From The Report

• In May 2019, ITM Power introduced a new business division named ITM Motive. The division was introduced to operate a portfolio of stations refueling hydrogen in UK. The ITM Motive will be responsible for managing the energy storage and will operate a network of eight hydrogen refueling stations that will be publicly accessible.
• The electrolysis segment is forecasted to grow with the fastest CAGR of 10.3% over the forecast period and accounted for the largest market share in 2019. The growing consumption of hydrogen in the transportation sector due to its higher efficiency and lower emission levels properties has resulted in the growth of the segment.
• The Industrial segment is expected to register significant growth over the forecast period due to their increasing initiatives of utilizing cleaner sources of energy in order to be energy efficient in the future.
• Key participants include ITM Power, Hydrogenics, Siemens, Nel Hydrogen, McPhy Energy, MAN Energy Solutions, Carbotech, SoCalGas, Uniper, and ThyssenKrupp, among others.

Market Segmentation:

Emergen Research has segmented the global Power to Gas Market on the basis of Technology, End-User, and region:

• Technology Outlook (Revenue, USD Million; 2017-2027)
  • Methanation (Power-to- methane)
  • Electrolysis  (Power-to- Hydrogen)
• End-user Outlook (Revenue, USD Million; 2017-2027)
  • Utilities
  • Commercial
  • Industrial

Regional Analysis:

The global Power to Gas market consists of various significant regional segments. Under this section of the report, the product demand, output, and estimated revenue share of each region have been ascertained. The most prominent regions dictating the global market include: 

• North America (U.S., Canada, Mexico)
• South America (Brazil, Argentina, Ecuador, Chile)
• Europe (U.K., Germany, France, Italy)
• Asia Pacific (China, Japan, India, Korea)
• Middle East &Africa (Egypt, Turkey, Saudi Arabia, Iran)

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Key Questions Addressed:

1. What is the estimated value of the global Power to Gas market by the end of the forecast period?
2. What are the fundamental factors propelling the growth of the global Power to Gas market?
3. Which are the leading regionsin the Power to Gas market with the highest market shares?
4. Which regional segment is likely to record the highest CAGR during the forecast duration?
5. What are their strengths and weaknesses of the leading companies in this market?

Table Of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Power to Gas Market Segmentation & Impact Analysis
    4.1. Power to Gas Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Reduction in the cost of solar and wind energy generation
                    4.2.2.2. Increasing initiatives to reduce the carbon footprint
                    4.2.2.3. Growing demand of renewable sources of energy
                    4.2.2.4. Increasing demand of hydrogen in the transportation sector
          4.2.3. Market restraints analysis
                    4.2.3.1. Growing Budget constraints
                    4.2.3.2. High cost of the Power-Gas systems
                    4.2.3.3. Loss of Energy and low efficiency
                    4.2.3.4. Availability of low cost batteries
                    4.2.3.5. Present challenging economic conditions due to the pandemic
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Power to Gas Market By Technology Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
    5.1. Technology Dynamics & Market Share, 2019 & 2027
          5.1.1. Methanation (Power-to- methane)
          5.1.2. Electrolysis (Power-to- Hydrogen)

Chapter 6. Power to Gas Market By End-User Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
    6.1. End-User Dynamics & Market Share, 2019 & 2027
          6.1.1. Utilities
          6.1.2. Commercial
          6.1.3. Industrial

Continued…!

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