Global Power to gas
Market Report
2025
The global Power-to-gas Market size is USD 41.2 million in 2024. The Power-to-gas Market will show the strongest growth with a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031. This growth can be attributed to accelerating decarbonization to lessen greenhouse gas emissions and their effect on the climate.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Power-to-gas Market size is USD 41.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Power to gas Market Sales Revenue | $ 29.97 Million | 121212 | 121212 | 10.67% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Technology |
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Market Split by Capacity |
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Market Split by End-user |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Power to gas industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Power to gas Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Power-to-gas system is an efficient method of combining renewable energy sources with power-producing sources. This process aims to govern activities that reduce the burden on the electrical grid while storing energy for extended periods by transforming it into other readily storable energy carriers. In order to use the converted hydrogen and methane as a backup power source, they can also be turned back into electricity. Power-to-gas technology uses electrolysis, a renewable energy source, to create hydrogen gas from unused electricity. The market is anticipated to rise as a result of the rising demand for renewable hydrogen, which is able to decarbonize numerous industries. Moreover, the decreasing cost of electrolyzer technology is propelling the market's expansion. The most recent advancements in hydrogen engines and hydrogen production technologies are anticipated to affect the market's expansion positively. Furthermore, growing efforts to build green hydrogen infrastructure in developing nations are going to provide significant opportunities for major market players in the market.
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In February 2022, Mitsubishi Power and HydrogenPro agreed to a purchase agreement for an extensive electrolyzer system. The HydrogenPro electrolyzer system utilizes solar and wind energy by electrolyzing green hydrogen and oxygen. Green hydrogen will be kept in storage and used for industrial, transportation, and power generation purposes. (Source:https://power.mhi.com/regions/amer/news/20220207#:~:text=(February%207%2C%202022)%20%E2%80%93,hydrogen%20and%20oxygen%20through%20electrolysis.)
Top Companies Market Share in Power to gas Industry: (In no particular order of Rank)
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According to Cognitive Market Research, Europe dominated the market in 2024 and accounted for around 40% of the global revenue. Europe emerged as the dominant region in the Power-to-gas Market due to the growing need to develop effective energy storage solutions with minimal environmental impact. The region's investments in power-to-gas technology highlight the commitment of countries to establish a sustainable ecosystem. Europe is expected to have significant growth in the worldwide power-to-gas market over the next years as the region focuses on reaching zero carbon emissions by 2050.
Asia-Pacific stands out as the fastest-growing region in the Power-to-gas Market due to the existence of several nations with varying degrees of economic development. The governments of the different countries in the region are putting rules and regulations pertaining to sustainable energy into place because the region is recognized as one of the major sources of greenhouse gas emissions. As a result, the need for power-to-gas facilities is growing quickly in this region.
The current report Scope analyzes Power to gas Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Power to gas Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Power to gas Industry growth. Power to gas market has been segmented with the help of its Technology, Capacity End-user, and others. Power to gas market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, electrolysis is the dominant category. The electrolysis segment is anticipated to grow due to the rising demand for carbon-neutral technologies instead of traditional methods. The increasing investments in R&D projects pertaining to energy-efficient technologies that are able to store energy for later use. These elements are increasing the need for electrolysis technology, which is anticipated to propel the market's expansion.
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This report provides a comprehensive forecast of revenue growth for the Power to gas industry at the global, regional, and country levels, from 2019 to 2031. It includes a detailed analysis of the latest industry trends and identifies key opportunities for each Capacity segment of machinery and equipment. The analysis covers demand across various end-use industries, such as automotive, HVAC, construction, energy, and others. By examining these application segments, the report helps stakeholders understand the factors driving growth in specific sectors and identify high-potential areas for investment and innovation. To perform a thorough Capacity segment analysis, the report considers several key factors. These include industry-specific demand patterns, technological advancements in machinery, and regional growth trends that influence specific applications. Additional factors such as regulatory requirements, supply chain dynamics, end-user preferences, and market competition are also examined to assess how they impact the adoption and performance of machinery in different sectors. The analysis further includes confidential insights like value chain evaluation, patent trends, and company performance metrics (through a Company Evaluation Quadrant), providing a complete view of each application’s evolution within the machinery and equipment market. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Some of the key Capacity of Power to gas are:
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Research Associate at Cognitive Market Research
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Power to gas Market is witnessing significant growth in the near future.
In 2023, the Electrolysis segment accounted for noticeable share of global Power to gas Market and is projected to experience significant growth in the near future.
The Less than 100 kW segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Hydrogenics , McPhy Energy and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Technology | Electrolysis, Methanation |
Capacity | Less than 100 kW, 100–999 kW, 1000 kW and Above |
End-user | Commercial, Utilities, Industrial |
List of Competitors | Hydrogenics, ITM Power, McPhy Energy, Siemens, MAN Energy Solutions, Nel Hydrogen, ThyssenKrupp, Electrochaea, Exytron, GreenHydrogen, Hitachi Zosen Inova Etogas, Ineratec, SoCalGas, Uniper, Micropyros, Carbotech, Power-to-gas HungaryAquahydrex, Fuelcell Energy, Avacon |
This chapter will help you gain GLOBAL Market Analysis of Power to gas. Further deep in this chapter, you will be able to review Global Power to gas Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Power to gas. Further deep in this chapter, you will be able to review North America Power to gas Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Power to gas. Further deep in this chapter, you will be able to review Europe Power to gas Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Power to gas. Further deep in this chapter, you will be able to review Asia Pacific Power to gas Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Power to gas. Further deep in this chapter, you will be able to review South America Power to gas Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Power to gas. Further deep in this chapter, you will be able to review Middle East Power to gas Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Power to gas. Further deep in this chapter, you will be able to review Middle East Power to gas Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Power to gas. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Capacity Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End-user Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Power to gas market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Electrolysis have a significant impact on Power to gas market? |
What are the key factors affecting the Electrolysis and Methanation of Power to gas Market? |
What is the CAGR/Growth Rate of Less than 100 kW during the forecast period? |
By type, which segment accounted for largest share of the global Power to gas Market? |
Which region is expected to dominate the global Power to gas Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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