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Power-to-gas Market by technology (Electrolysis and Methanation), Capacity, End-User and Region- Global Forecast to 2024

07-03-2020 01:50 PM CET | Energy & Environment

Press release from: ReportsandReports

Power-to-gas Market by technology (Electrolysis

ReportsnReports adds “Power-to-Gas Market” to its store. The Report provides in-depth analysis of the Power-to-Gas Market at global and key country level.

The Global Power-to-Gas Market is projected to reach US$ 42 Million by 2024 from an estimated US$ 26 Million in 2019, at a CAGR of 10.1% during the forecast period.

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Top Companies profiled in the Power-to-gas Market:
• Hydrogenics(Canada)
• ITM Power(UK)
• McPhy Energy(France)
• Siemens(Germany)
• MAN Energy Solutions(Germany)
• Nel Hydrogen(Norway)

“Electrolysis technology of Power-to-gas dominate the global market”
The electrolysis segment of the power-to-gas market is expected to be the largest market, by technology, during the forecast period The growth of the market is driven by the electrolysis technologies ability to store excess renewable energy from solar and wind during peak hour generation for meeting future peak demands.

“1000 kW and Above segment power-to-gas dominate the global market “
The 1000 kW and Above segment, by capacity is estimated to be the fastest-growing during the forecast period. This growth is attributed to the increasing demand for hydrogen for electricity, and new vehicle technologies such as fuel cell-based transportation.

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“Europe to lead the global power-to-gas market in terms of growth rate.”
The power-to-gas market in Europe is projected to grow at the fastest rate during the forecast period. Growing power-to-gas projects dominate the market in countries such as Germany, France, Denmark, and the Netherlands for effective utilization of renewable energy sources, predominantly wind energy.

Breakdown of primary participants’ profile:
• By Company Type: Tier I–55%, Tier II–13%, and Tier III–15%
• By Designation: C-Level–60%, Director Level–20%, and Others–20%
• By Region: Europe- 73%, North America- 18%, Asia Pacific- 9%

Competitive Landscape of Power-to-gas Market:
1. Overview
2. Competitive Leadership Mapping
2.1. Terminology/Nomenclature
2.1.1. Visionary Leaders
2.1.2. Dynamic Differentiators
2.1.3. Emerging Companies
2.1.4. Innovators
3. Competitive Situation & Trends
3.1. Market Share/Ranking of Top 5 Companies
3.2. Contracts & Agreements
3.3. Expansions
3.4. Mergers & Acquisitions/Joint Venture

Research Coverage:
The report defines, describes, and forecasts the global power-to-gas market, by technology, capacity, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.

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ReportsnReports provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

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