Following aspects are kept into view while building Power-to-Gas Market report and include the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The market size, revenue generated from the sales and technologies by various application segments are also evaluated in this industry report. Data models employed for the research methodology are merchant positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, thorough analysis and vendor share analysis.
Power-to-Gas Market research report is one of the unsurpassed and comprehensive market research reports which emphasize the challenges, market structures, opportunities, driving forces, emerging trends, and competitive landscape of semiconductors and electronics industry. The report showcases the trends that are in vogue, the regions that are growing, the various types of products available and the potential of the industry to provide solutions for a large population. An excellent Power-to-Gas Market report acts as an authentic source of information which puts forth a telescopic view of the current market trends, situations, opportunities, and status.
The power-to-gas market is expected to witness market growth at a rate of 11.35% in the forecast period of 2021 to 2028. Data Bridge Market Research report on power-to-gas market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the population and economy of countries is escalating the growth of power-to-gas market.
Definition
The power-to-gas technology, which is also called as power to gas, P2G, and PtG that adopts the electrolysis procedure to produce hydrogen gas from renewable or additional electricity accessible. Power to gas system is an efficient way of incorporating renewables sources with power generation sources. Their objective is to store energy for long term by converting it to other easily storable energy carriers, and at the same time decreasing the load on the electricity grid by limiting the operations.
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Key Growth Drivers:
Major factors that are expected to boost the growth of the power-to-gas market in the forecast period are the rise in the efficient consumption of renewable energy resources and the joined management of power and gas networks. On the other hand, the rise in the capital price of the power-to-gas systems and the decrease in the efficiency and energy loss are couple of the factors that are anticipated to impede the growth of the efficient in the timeline period.
In addition, the likely usage of hydrogen in the mobility solutions and hydrogen can be utilized as an alternative for natural gas will further provide lucrative opportunities for the growth of the power-to-gas market in the coming years. However, the controlling limit for hydrogen blending in the natural gas network and the convenience of low-cost natural gas and battery technologies might further create challenges for the growth of the power-to-gas market in the near future.
The report emphasizes the participation of key entities, notably:
- Hydrogenics
- ITM Power
- McPhy Energy S.A.
- Siemens
- MAN Energy Solutions SE
- Nel ASA
- thyssenkrupp AG
- Electrochaea GmbH
- Exytron GmbH
- GreenHydrogen
- Hitachi Zosen Inova AG
- Uniper SE
- ENTSOG AISBL
- Sempra Energy
- GRT Gaz
- Sunfire GmbH
- Ineratec GmbH
- Astrea Power Ltd
- Zentrum für Sonnenenergie-Württemberg
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Power-to-gasmarket's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
Technology (Electrolysis and Methanation), Capacity (Less than 100 kW, 100 kW–1,000 kW, 1,000 kW and Above), End User (Commercial, Utilities and Industrial)
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