Power-To-Gas Market Size, Share, factors, Development Strategy and Forecast 2027

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

Power-To-Gas Market Report Scope and Research Methodology:

The report's goal is to present a comprehensive analysis of the Power-To-Gas market that includes all industry stakeholders. The report analyses complicated data in simple language to present the past and current state of the Power-To-Gas industry, as well as forecasted market size and trends. It examines all aspects of the Power-To-Gas industry, with a focus on key players such as market leaders, followers, and new entrants. The Power-To-Gas market report examines both external and internal factors that affect the business positively or negatively. By analysing market segments and forecasting market size, the report also aids in understanding Power-To-Gas market dynamics and market structure. A clear representation of key players' competitive analysis the report serves as an investor's guide by type, price, financial position, raw material portfolio, growth strategies, and regional presence in the Power-To-Gas market. The Power-To-Gas Market report includes a PORTER, PESTLE analysis as well as the potential impact of market microeconomic factors.

Power-To-Gas Market Overview:

Stellar Market Research, a leading market research firm, has released a competitive intelligence and market research report on the " Power-To-Gas Market ". The report includes a detailed analysis of the dynamics and Power-To-Gas market size by segment and region, which aids in understanding the market's future potential.

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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

Power-To-Gas Market Dynamics:

The COVID-19 pandemic has had a significant impact on the power-to-gas market. The global gas sector is experiencing a significant drop in demand. The chemical, transportation, and industrial production industries were hampered for 4 to 6 months in 2020 due to the COVID-19 pandemic. The expansion of electrolysis and methanation is expected to be delayed by at least a year. In the long run, the pandemic could benefit the electricity to gas industry. The focus of global governments would be on green gas and the reduction of harmful emissions into the environment.

Power-To-Gas Market Segmentation:

Based on technology, the electrolysis segment is expected to account for 62% of the power-to-gas market by 2027. Electrolysis accounted for US$ 17.65 billion in 2020 and is expected to grow 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% over the forecast period.

According to Capacity, the 1000 kW and above segment of the power-to-gas market is expected to grow rapidly at a CAGR of 12.45% during the forecast period. This is due to the increasing commercialization and implementation of several MW level projects of power to gas technologies, as well as demand from utilities and industrial end-users, 1000 KW and above capacity is widely preferred. These are the key factors driving the growth of the global market in the 1000 kW and above segment during the forecast period.

End-user, the Utilities segment is expected to grow rapidly at a CAGR of 13.2% during the forecast period. The utility industry is growing as power and gas utilities strive to create hydrogen more efficiently by incorporating intermittent renewable power sources while maintaining power system flexibility. These are the major factors driving the growth of the utilities segment in the power-to-gas market during the forecast period.

Power-To-Gas Market Regional Insights

Each regional Power-To-Gas market is extensively researched to determine its current and future growth prospects. This information assists clients in expanding their businesses. The market report covers all five regions as well as their country distribution. The report also includes information on their Power-To-Gas market size and trends.

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

• What is the growth potential of the Power-To-Gas Market?
• What was the Power-To-Gas Market size in 2021?
• Which segment held the largest Power-To-Gas Market share in 2021?
• What is the CAGR of the Power-To-Gas Market?
• What are the trends in the Power-To-Gas Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Power-To-Gas Market?
• What growth strategies are the players considering increasing their presence in the Power-To-Gas Market?

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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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