Power-to-Gas Market: Innovations and Future Prospects

Power-to-Gas Market Overviews

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

To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/req_sample/Power-To-Gas-Market/501

Power-to-Gas Market Scope and Methodology:

The German transmission grid operator Amprion GmbH and European pipeline owner Open Grid Europe has announced a 100-MW electrolysis plant along with dedicated hydrogen. The companies are expected the projected cost of around €150 million and they want to successfully implement this technology for the German economy on an industrial scale. If the project receives necessary approvals, it could begin operations by 2023.

The industrial hydrogen producer H2V has contracted GE Power's Grid Solutions business for the turnkey supply of two 225 kV/30 kV substations to feed the first 100-MW H2V Industry production units In Europe. The two projects are expected to feature 26 electrolyzers supplied by HydrogenPro and produce an average of 14,000 tonnes of hydrogen per year. The first unit is expected to be scheduled online in 2021.

For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Power-To-Gas-Market/501

Power-to-Gas Market Regional Insightsa

Based on the Regional Analysis, Europe accounted for the largest market share of 35% in 2020 and the European power-to-gas market is expected to register a CAGR of 11.8% during the 2019-2027. The massive development of renewable electricity production is underway in some European countries like Denmark and Germany and is expected to a larger extent in Europe during the forecast period. High capacities of power production which are from intermittent sources are expected to drive low spot prices of electricity. It also offers an opportunity for the development of flexible electro-intensive processes.

Power-to-Gas Market Segmentation

Based on Technology, Electrolysis segment is expected to hold the largest power-to-gas market shares of 62% by 2027. Electrolysis accounted for US$ 17.65 Bn. in 2020 and is expected to grow at a CAGR of 12.5% over the forecast period 2020-2027. This is thanks to its flexible operations and ability to successfully incorporate electricity from intermittent renewable energy sources like wind and solar. These are the key benefit that drives the growth of the Electrolysis segment in the global market during the forecast period. However, Methanation segment was valued US$ 11 Mn. in 2020 and CAGR of 10.05% over forecast period.

Based on Capacity, 1000 kW and above segment of power-to-gas market is expected to grow rapidly at a CAGR of 12.45% during the forecast period. This is due to an 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 of 1000 kW and above segment that drives the growth of the global market during the forecast period.

To Learn More About This Study, Please Click Here:https://www.stellarmr.com/report/req_sample/Power-to-Gas-Market/539

Power-to-Gas Market Key Players

ThyssenKrupp
Hitachi Zosen Inova Etogas
McPhy Energy
Hydrogenics
ITM Power
Uniper
Siemens
MAN Energy Solutions
Micropyros
Carbotech
Aquahydrex

Key questions answered in the Power-to-Gas Market are:

What is Power-to-Gas?
What was the Power-to-Gas market size in 2023?
What is the growth rate of the Power-to-Gas Market?
Which are the factors expected to drive the Power-to-Gas market growth?
What are the different segments of the Power-to-Gas Market?
What growth strategies are the players considering to increase their presence in Power-to-Gas?
What are the upcoming industry applications and trends for 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?
Who are the leading companies and what are their portfolios in Power-to-Gas Market?
What segments are covered in the Power-to-Gas Market?
Who are the key players in the Power-to-Gas market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
Our Top Trending Reports:

Mental Health Market:https://www.stellarmr.com/report/Mental-Health-Market/1949

Liquid Dietary Supplements Market: https://www.stellarmr.com/report/Liquid-Dietary-Supplements-Market/1950

Yogurt Powder Market :https://www.stellarmr.com/report/Yogurt-Powder-Market/1951

Proteases Market :https://www.stellarmr.com/report/Proteases-Market/1952

Contact Stellar Market Research:

S.no.8, h.no. 4-8 Pl.7/4 Kothrud

Pinnac Memories Fl. No. 3

Kothrud, Pune, Maharashtra, 411029

sales@stellarmr.com

+91 9607365656

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.