POWER-TO-GAS MARKET ANALYSIS

Regional Analysis

Regional Insights

Among regions, Europe is anticipated to account for major share in the global power-to-gas market over the forecast period. Growth of this region can be attributed to increasing requirement for developing efficient energy storage solution having minimum impact of the environment. The investments in power-to-gas technology in the region is emphasizing the willingness of countries to create a sustainable ecosystem. As the region is focused on reducing its carbon emission to zero by 2050, the global power-to-gas market is projected to gain major growth in the Europe over the forecast future.

Furthermore, Asia Pacific is also expected to gain substantial growth in the global power-to-gas market over the forecast period. This is owing to presence of diverse countries on different levels of economic development. The region is known to be one of the largest greenhouse gas emission contributors, and the government of countries across the region are implementing frameworks and policies regarding sustainable energy. Thus, the demand for power-to-gas plants is increasing rapidly in the region, which is expected to drive growth of the global power-to-gas market over the forecast period.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa