Power-To-Gas Market size was valued at US$ 28.65 Mn. in 2020 and the total revenue is expected to grow at a CAGR of 10.2% through 2021 to 2027, reaching nearly US$ 56.55 Mn.
Power-To-Gas Market Overview:
The primary objective of this MMR report is to define, describe, and forecast the market for Power-To-Gas products based on product type, application, end user, and region. Drivers, constraints, opportunities, and industry-specific issues are just a few of the significant market growth-influencing aspects that MMR research thoroughly covers. The purpose of this research is to offer a strategic analysis of the micromarkets in terms of specific growth trends, outlooks, and contributions to the global market.
Market Scope:
Between 2022 and 2029, the market for Power-To-Gas is predicted to grow at the quickest rate. The Maximize Market Research (MMR) Power-To-Gas market report examines import and export consumption along with supply and demand, costs, prices, shares, sales volumes, revenues, and gross profits. This MMR data research looks at each firm's manufacturing unit, production capacity, factory price, market price, and market share.
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Drivers:
The market is anticipated to grow as a result of rising demand for renewable hydrogen, which has the potential to decarbonize numerous industries. The market is expanding as a result of the electrolyzer technology's declining cost. According to the International Energy Agency, the electrolyzer stacks account for between 50 and 60 percent of the capital expenditure, with the remaining costs being covered by things like power electronics, gas-conditioning, and plant components. Alkaline electrolyzers currently have CAPEX requirements ranging from $500 to $1,400/kWe. The price per kWe for PEM electrolyzers is between $1,100 and $1,800, and for SOEC, it is between $2,800 and $5,600. By 2021, it is anticipated that the cost of high-temperature electrolysis will have decreased by 80%.
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Segmentation:
The market is divided into two categories based on technology: electrolysis and methanation. The market share with the highest projections belongs to the electrolysis segment. Its adaptable operations and capacity to effectively incorporate electricity from sporadic renewable energy sources like wind and solar are to blame for this. These are the main advantages that, over the course of the forecast period, will fuel the expansion of the global electrolysis market.
Key Players:
• Hydrogenics
• ITM Power
• McPhy Energy
• Siemens
• MAN Energy Solutions
• Uniper
• Micropyros
• Carbotech
• Power-to-gas Hungary
• Aquahydrex
• Fuelcell Energy
• Nel Hydrogen
• ThyssenKrupp
• Electrochaea
• Exytron
• GreenHydrogen
• Hitachi Zosen Inova Etogas
• Ineratec
• Socalgas
Regional Analysis:
The MMR report includes every country in North America, the Asia-Pacific region, Europe, Latin America, the Middle East, and Africa. In this analysis, MMR places particular emphasis on crucial market segments and sub-segments as well as crucial market sectors. The MMR survey analyses creative nations in the creation of neighbourhoods based on market size, share, and quantity. Statistics cover a variety of topics, such as quantity, area, income, market chain structure, and trends.
COVID-19 Impact Analysis on Power-To-Gas Market:
The COVID-19 rule had a significant impact on society, business, and employee expectations between 2020 and 2021. Because COVID-19 has the potential to alter our society and standard of living, it requires immediate industrial backing and innovation. The COVID-19 has caused a lot of problems for foreigners who live in India. Due to the embargo, millions of migrant workers have lost their jobs, faced food shortages, and worried about their future prospects.
The main objective of this MMR study is to gain a better understanding of the current economic environment, COVID-19, and its effects on business. Besides COVID-19, MMR is employed in all fields, industries, and sectors. Information from the Maximize Market Research Report can be used to assess how COVID-19 affects industry growth.
Key Questions answered in the Power-To-Gas Market Report are:
- Which product segment grabbed the largest share in the Power-To-Gas market?
- What is the competitive scenario of the Power-To-Gas market?
- Which are the key factors aiding the Power-To-Gas market growth?
- Which region holds the maximum share in the Power-To-Gas market?
- What will be the CAGR of the Power-To-Gas market during the forecast period?
- Which application segment emerged as the leading segment in the Power-To-Gas market?
- Which are the prominent players in the Power-To-Gas market?
- What key trends are likely to emerge in the Power-To-Gas market in the forecast period?
- What is the expected Power-To-Gas market size by 2029?
- Which company held the largest share in the Power-To-Gas market?
Reasons to Purchase the Power-To-Gas Market Report:
- The Maximize Market Research (MMR) report contains a wealth of data, including market dynamics and opportunities for the forecast period.
- There are segments and sub-segments for quantitative, qualitative, and value (USD Million) data.
- Data on regional, sub-regional, and national demand and supply trends are provided.
- The competitive landscape shows the market shares of the main rivals as well as recent innovations and strategies.
- Companies that offer an extensive selection of goods, financial information, cutting-edge technology, SWOT analyses, and business plans.
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