Power-to-gas or P2G is a process that converts surplus renewable energy into hydrogen gas with the use of PEM electrolysis technology. P2G is a good way to move to a natural gas mix that is "greener." Anaerobic digestion processes, in which microbes are converted to organic materials to create fuels, are likewise supported by P2G. The technique, also known as methanation, significantly increases the rates of conversion of carbon dioxide (CO2) to biomethane (from 60% to 95%) when hydrogen is added.

Market Dynamics:

Factors such as efficient use of global renewable energy resources and integrated management of gas and power network are expected to drive growth of the global power-to-gas market over the forecast period. Moreover, the promising use of hydrogen in mobility applications is likely to produce growth opportunities in the global power-to-gas market over the forecast period.

However, the market growth is likely to be hampered due to factors such as availability of low-cost batteries and loss of energy in power-to-gas systems.

Key features of the study:

• This report provides in-depth analysis of the global Power-to-Gas market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global Power-to-Gas market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Aquahydrex, Inc., MAN Energy Solutions, Electrochaea GmbH, ITM Power PLC, EXYTRON GmbH, Hydrogenics Corporation, Hitachi Zosen Corporation
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global Power-to-Gas market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Power-to-Gas market

Detailed Segmentation:

• Global Power-to-Gas Market, By Technology:
  • Electrolysis
    • Alkaline Electrolysis (AEL)
    • Polymer Electrolyte Membrane (PEM) Electrolysis
    • Solid Oxide Electrolyser Cell (SOEC)
  • Methanation
    • Catalytic
    • Biological
• Global Power-to-Gas Market, By Product:
  • Hydrogen
  • Methane
• Global Power-to-Gas Market, By End User:
  • Gas Grid
  • Steel Industry
  • Transportation
  • Others
• Global Power-to-Gas Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Aquahydrex, Inc.
  • Electrochaea GmbH
  • EXYTRON GmbH
  • Hitachi Zosen Corporation
  • Hydrogenics Corporation
  • ITM Power PLC
  • MAN Energy Solutions