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Global Power-to-Gas Market By Technology (Electrolysis and Methanation), By Capacity (Less than 100 kW, 100-999 kW and 1000 kW and above), By End-Users (Utilities, Industrial and Commercial), By Region, Forecast & Opportunities to 2026

The global power-to-gas market accounted for a value of USD 22.2 million in 2019 and is projected to register growth at a CAGR of 7.5% during forecast period.

COVID-19 has impacted the power-to-gas market as it has significantly impacted the oil & gas industry. Many companies have to shut their services and assets due to lockdown. Many projects have been suspended or postponed due to pandemic. The supply chain is disrupted due to travel restrictions. The demand from end-users is decreasing. The market will see decline during forecast period due to COVID-19.

Definition:

The power-to-gas system can be defines as a system which is used to convert excess renewable energy into hydrogen through electrolysis. The generated hydrogen helps in grid decarbonization. It also includes methanation process. Methanation is used to produce synthetic methane or natural gas which is used in gas grids.

Market Dynamics (Drivers/Opportunities):

The power-to-gas technology helps in effective use of renewable energy resources. It helps in integrated management of gas and power network. This increases the implantation of power-to-gas technology and drives growth in this market during forecast period.

The installation of power-to-gas technology is increasing as it helps in increasing the capacity of renewable energy and reduces the carbon emission. The awareness about environment is increasing which leads to higher demand of this technology. Thus, drives growth in this market during forecast period.

Market Insights, by Technology

On the basis of technology, the power-to-gas market is segmented into electrolysis and methanation. The electrolysis segment is estimated to dominate the market during forecast period. The electrolysis is more effective then methanation technology. It has dynamic operations and it helps in integrating electricity with higher efficiency from renewable sources. The implantation of electrolysis technology is higher in the power-to-gas market during forecast period.

Market Insights, by Capacity

On the basis of capacity, the power-to-gas market is segmented into less than 100 kW, 100-999 kW and 1000kW and above. The 1000 kW and above segment is estimated to be fastest growing segment during forecast period. The Commercialization is increasing in the world and the implementation of power-to-gas technology projects are also increasing. The 1000 kW and above capacity systems are highly prefer in all this projects in the market. The demand for 1000 kW and above capacity systems is higher by the end-users. This drives growth in 1000 kW and above capacity power-to-gas systems during forecast period.

Market Insights, by End-Users

On the basis of end-users, the power-to-gas market is segmented into industrial, utilities and commercial. The utilities segment is estimated to be the fastest growing segment during forecast period. The gas utilities and power utilities are widely adopting this technology to produce hydrogen effectively by integrating intermittent renewable power sources. The power-to-gas technology is highly flexible and efficient. This drives growth in utility end-users segment during forecast period.

Regional Insights

Europe is estimated to be the hold largest market size during forecast period in power-to-gas market. The power-to-gas technology is important for stabilizing the energy supply and offsetting fluctuating power generation which is generating from renewable energy sources of region. This region adopting this technology rapidly as it also helps in reducing pollution. Germany is largely adopting this technology and it has the highest demand in this region. The demand and implementation of power-to-gas technology is increasing rapidly in this region due to increase in demand for hydrogen from various end-users such as industrial and fuel cell transportation. Thus, this drives growth in Europe region during forecast period.

Key Companies & Market Share Insights

The key market players in power-to-gas market are Hydrogenics, ITM Power, McPhy Energy, Siemens, MAN Energy Solutions, Nel Hydrogen, Thyssenkrupp, Electrochaea, Exytron, Green Hydrogen, Hitachi Zosen Inova Etogas, Ineratec, Socalgas, Uniper, Micropyros, Carbotech, Power-to-Gas Hungary and Aquahydrex.

Segments Covered in the Report

This report forecasts The Global Power-to-Gas Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global power-to-gas market report on the basis of technology, capacity and end-users.

Power-to-Gas Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Power-to-Gas Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Electrolysis
  • Methanation
  1. Power-to-Gas Market, By Capacity, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Less than 100 kW
  • 100-999 kW
  • 1000 kW and above
  1. Power-to-Gas Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Utilities
  • Industrial
  • Commercial
  1. Power-to-Gas Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Technology
    • By Capacity
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Technology
      • By Capacity
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Technology
        • By Capacity
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Technology
          • By Capacity
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Technology
            • By Capacity
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Aquahydrex
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Hydrogenics
    • ITM Power
    • McPhy Energy
    • Siemens
    • MAN Energy Solutions
    • Nel Hydrogen
    • Thyssenkrupp
    • Electrochaea
    • Exytron
    • Green Hydrogen
    • Hitachi Zosen Inova Etogas
    • Ineratec
    • Socalgas
    • Uniper
    • Micropyros
    • Carbotech
    • Power-to-Gas Hungary
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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