MARKET INTRODUCTION
The power-to-gas, abbreviated as P2G refers to the concept of storing electricity long term in generation systems to produce fuels for transportation, household, and industry. The growing need to reduce the consumption of natural gas and the production of green hydrogen is contributing to the growth of the power-to-gas market. The European region is likely to witness robust growth during the forecast period owing to the growing demand for power-to-gas technology as a result of the increasing need for hydrogen from chemical and industrial sectors.
MARKET DYNAMICS
The power-to-gas market is anticipated to grow in the forecast period owing to driving factors such as effective utilization of renewable energy resources and potential use of hydrogen in mobility solutions. Also, integrated management of power and gas networks is further likely to fuel the market growth. However, low efficiency and energy loss may impede the growth of the power-to-gas market during the forecast period. On the other hand, use of hydrogen as a substitute for natural gas is expected to create significant opportunities for the key players of power-to-gas market in the coming years.
MARKET SCOPE
The "Global Power-to-gas Market Analysis to 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of power-to-gas market with detailed market segmentation by technology, capacity, end user, and geography. The global power-to-gas market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power-to-gas market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global power-to-gas market is segmented on the basis of technology, capacity, and end user. Based on technology, the market is segmented as methanation and electrolysis. On the basis of the capacity, the market is segmented as less than 100 kW, 100-999kW, and 1000kW and above. The market on the basis of the end user is classified as utilities, commercial, and industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global power-to-gas market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The power-to-gas market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting power-to-gas market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the power-to-gas market in these regions.
MARKET PLAYERS
The reports cover key developments in the power-to-gas market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from power-to-gas market are anticipated to lucrative growth opportunities in the future with the rising demand for power-to-gas in the global market. Below mentioned is the list of few companies engaged in the power-to-gas market.
The report also includes the profiles of key power-to-gas companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Hitachi Zosen Inova AG
- Hydrogenics (Cummins Inc.)
- INERATEC GmbH
- ITM Power plc
- MAN Energy Solutions SE
- McPhy Energy S.A.
- Nel ASA
- Siemens AG
- Southern California Gas Company (Sempra Energy)
- ThyssenKrupp AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.