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Power to Gas Market 2024-2028

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    Report

  • 135 Pages
  • July 2024
  • Region: Global
  • TechNavio
  • ID: 5568317
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The power to gas market is forecasted to grow by USD 21.7 million during 2023-2028, accelerating at a CAGR of 10.01% during the forecast period. The report on the power to gas market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in supply of natural gas, increasing share of renewable energy in power generation mix, and increasing demand for hydrogen in transportation.

The power to gas market is segmented as below:

By End-user

  • Power to hydrogen
  • Power to methane

By Geographical Landscape

  • Europe
  • North America
  • APAC
  • South America
  • Middle East and Africa
This study identifies the increase in number of cng vehicles as one of the prime reasons driving the power to gas market growth during the next few years. Also, technological developments in renewable energy industry and increase in demand for cleaner fuel will lead to sizable demand in the market.

The report on the power to gas market covers the following areas:

  • Power to gas market sizing
  • Power to gas market forecast
  • Power to gas market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading power to gas market vendors that include AEG Power Solutions BV, E.ON SE, Electrochaea GmbH, ENGIE SA, ENTSOG AISBL, EXYTRON GmbH, Hitachi Zosen Inova AG, INERATEC, ITM Power PLC, MAN Energy Solutions SE, McPhy Energy SA, MicroPyros BioEnerTec GmbH, Nel ASA, Power-to-Gas Hungary Kft., Siemens AG, Solarplaza, Sunfire GmbH, thyssenkrupp AG, Uniper SE, and ZSW. Also, the power to gas market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Power To Gas Market 2018 - 2022
Historic Market Size - Data Table on Global Power To Gas Market 2018 - 2022 ($ million)
4.2 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by End-user
6.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
6.3 Power to hydrogen - Market size and forecast 2023-2028
Chart on Power to hydrogen - Market size and forecast 2023-2028 ($ million)
Data Table on Power to hydrogen - Market size and forecast 2023-2028 ($ million)
Chart on Power to hydrogen - Year-over-year growth 2023-2028 (%)
Data Table on Power to hydrogen - Year-over-year growth 2023-2028 (%)
6.4 Power to methane - Market size and forecast 2023-2028
Chart on Power to methane - Market size and forecast 2023-2028 ($ million)
Data Table on Power to methane - Market size and forecast 2023-2028 ($ million)
Chart on Power to methane - Year-over-year growth 2023-2028 (%)
Data Table on Power to methane - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.4 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.5 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.6 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
8.7 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.8 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.9 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ million)
Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
8.10 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.11 France - Market size and forecast 2023-2028
Chart on France - Market size and forecast 2023-2028 ($ million)
Data Table on France - Market size and forecast 2023-2028 ($ million)
Chart on France - Year-over-year growth 2023-2028 (%)
Data Table on France - Year-over-year growth 2023-2028 (%)
8.12 Japan - Market size and forecast 2023-2028
Chart on Japan - Market size and forecast 2023-2028 ($ million)
Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Chart on Japan - Year-over-year growth 2023-2028 (%)
Data Table on Japan - Year-over-year growth 2023-2028 (%)
8.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Electrochaea GmbH
Electrochaea GmbH - Overview
Electrochaea GmbH - Product / Service
Electrochaea GmbH - Key offerings
11.4 EXYTRON GmbH
EXYTRON GmbH - Overview
EXYTRON GmbH - Product / Service
EXYTRON GmbH - Key offerings
11.5 Hitachi Zosen Inova AG
Hitachi Zosen Inova AG - Overview
Hitachi Zosen Inova AG - Product / Service
Hitachi Zosen Inova AG - Key offerings
11.6 ITM Power PLC
ITM Power PLC - Overview
ITM Power PLC - Product / Service
ITM Power PLC - Key offerings
11.7 MAN Energy Solutions SE
MAN Energy Solutions SE - Overview
MAN Energy Solutions SE - Product / Service
MAN Energy Solutions SE - Key offerings
11.8 McPhy Energy SA
McPhy Energy SA - Overview
McPhy Energy SA - Product / Service
McPhy Energy SA - Key news
McPhy Energy SA - Key offerings
11.9 Nel ASA
Nel ASA - Overview
Nel ASA - Business segments
Nel ASA - Key offerings
Nel ASA - Segment focus
11.10 Siemens AG
Siemens AG - Overview
Siemens AG - Business segments
Siemens AG - Key news
Siemens AG - Key offerings
Siemens AG - Segment focus
11.11 thyssenkrupp AG
thyssenkrupp AG - Overview
thyssenkrupp AG - Business segments
thyssenkrupp AG - Key news
thyssenkrupp AG - Key offerings
thyssenkrupp AG - Segment focus
11.12 Uniper SE
Uniper SE - Overview
Uniper SE - Business segments
Uniper SE - Key offerings
Uniper SE - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Parent Market
Exhibits 10: Data Table on - Parent Market
Exhibits 11: Market characteristics analysis
Exhibits 12: Value Chain Analysis
Exhibits 13: Offerings of companies included in the market definition
Exhibits 14: Market segments
Exhibits 15: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Historic Market Size - Data Table on Global Power To Gas Market 2018 - 2022 ($ million)
Exhibits 20: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on End-user - Market share 2023-2028 (%)
Exhibits 31: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by End-user
Exhibits 33: Data Table on Comparison by End-user
Exhibits 34: Chart on Power to hydrogen - Market size and forecast 2023-2028 ($ million)
Exhibits 35: Data Table on Power to hydrogen - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Chart on Power to hydrogen - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on Power to hydrogen - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on Power to methane - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Data Table on Power to methane - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Chart on Power to methane - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on Power to methane - Year-over-year growth 2023-2028 (%)
Exhibits 42: Market opportunity by End-user ($ million)
Exhibits 43: Data Table on Market opportunity by End-user ($ million)
Exhibits 44: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 45: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 46: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 47: Chart on Geographic comparison
Exhibits 48: Data Table on Geographic comparison
Exhibits 49: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 71: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 73: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 74: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 75: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 78: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 79: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on France - Market size and forecast 2023-2028 ($ million)
Exhibits 82: Data Table on France - Market size and forecast 2023-2028 ($ million)
Exhibits 83: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on France - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits 86: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits 87: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 89: Market opportunity By Geographical Landscape ($ million)
Exhibits 90: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 91: Impact of drivers and challenges in 2023 and 2028
Exhibits 92: Overview on criticality of inputs and factors of differentiation
Exhibits 93: Overview on factors of disruption
Exhibits 94: Impact of key risks on business
Exhibits 95: Companies covered
Exhibits 96: Matrix on companies position and classification
Exhibits 97: Electrochaea GmbH - Overview
Exhibits 98: Electrochaea GmbH - Product / Service
Exhibits 99: Electrochaea GmbH - Key offerings
Exhibits 100: EXYTRON GmbH - Overview
Exhibits 101: EXYTRON GmbH - Product / Service
Exhibits 102: EXYTRON GmbH - Key offerings
Exhibits 103: Hitachi Zosen Inova AG - Overview
Exhibits 104: Hitachi Zosen Inova AG - Product / Service
Exhibits 105: Hitachi Zosen Inova AG - Key offerings
Exhibits 106: ITM Power PLC - Overview
Exhibits 107: ITM Power PLC - Product / Service
Exhibits 108: ITM Power PLC - Key offerings
Exhibits 109: MAN Energy Solutions SE - Overview
Exhibits 110: MAN Energy Solutions SE - Product / Service
Exhibits 111: MAN Energy Solutions SE - Key offerings
Exhibits 112: McPhy Energy SA - Overview
Exhibits 113: McPhy Energy SA - Product / Service
Exhibits 114: McPhy Energy SA - Key news
Exhibits 115: McPhy Energy SA - Key offerings
Exhibits 116: Nel ASA - Overview
Exhibits 117: Nel ASA - Business segments
Exhibits 118: Nel ASA - Key offerings
Exhibits 119: Nel ASA - Segment focus
Exhibits 120: Siemens AG - Overview
Exhibits 121: Siemens AG - Business segments
Exhibits 122: Siemens AG - Key news
Exhibits 123: Siemens AG - Key offerings
Exhibits 124: Siemens AG - Segment focus
Exhibits 125: thyssenkrupp AG - Overview
Exhibits 126: thyssenkrupp AG - Business segments
Exhibits 127: thyssenkrupp AG - Key news
Exhibits 128: thyssenkrupp AG - Key offerings
Exhibits 129: thyssenkrupp AG - Segment focus
Exhibits 130: Uniper SE - Overview
Exhibits 131: Uniper SE - Business segments
Exhibits 132: Uniper SE - Key offerings
Exhibits 133: Uniper SE - Segment focus
Exhibits 134: Inclusions checklist
Exhibits 135: Exclusions checklist
Exhibits 136: Currency conversion rates for US$
Exhibits 137: Research methodology
Exhibits 138: Information sources
Exhibits 139: Data validation
Exhibits 140: Validation techniques employed for market sizing
Exhibits 141: Data synthesis
Exhibits 142: 360 degree market analysis
Exhibits 143: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global power to gas market: AEG Power Solutions BV, E.ON SE, Electrochaea GmbH, ENGIE SA, ENTSOG AISBL, EXYTRON GmbH, Hitachi Zosen Inova AG, INERATEC, ITM Power PLC, MAN Energy Solutions SE, McPhy Energy SA, MicroPyros BioEnerTec GmbH, Nel ASA, Power-to-Gas Hungary Kft., Siemens AG, Solarplaza, Sunfire GmbH, thyssenkrupp AG, Uniper SE, and ZSW.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increase in number of cng vehicles."

According to the report, one of the major drivers for this market is the increase in supply of natural gas.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AEG Power Solutions BV
  • E.ON SE
  • Electrochaea GmbH
  • ENGIE SA
  • ENTSOG AISBL
  • EXYTRON GmbH
  • Hitachi Zosen Inova AG
  • INERATEC
  • ITM Power PLC
  • MAN Energy Solutions SE
  • McPhy Energy SA
  • MicroPyros BioEnerTec GmbH
  • Nel ASA
  • Power-to-Gas Hungary Kft.
  • Siemens AG
  • Solarplaza
  • Sunfire GmbH
  • thyssenkrupp AG
  • Uniper SE
  • ZSW