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Power-to-Gas Market Trends

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Report ID: 3689
Published Date: Aug 23, 2024
Report Format: PDF, PPT

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Power-to-Gas Market Trends

Growth Drivers

Growing Utilization of Renewable Energy Resources for Power Generation
Integrated Management of Power-To-Gas Technology

Challenges

High Initial Costs of Power-to-Gas Systems

Power-to-Gas Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	10.2%
Base Year Market Size (2023)	USD 36.68 billion
Forecast Year Market Size (2036)	USD 129.66 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Power-to-Gas Market Size & Share, Growth Report 2036

Author Credits: Dhruv Bhatia

Report ID: 3689
Published Date: Aug 23, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of Power-to-Gas is evaluated at USD 39.67 billion.

Power-to-Gas Market size was valued at USD 36.68 billion in 2023 and is set to cross USD 129.66 billion by 2036, registering more than 10.2% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by growing utilization of renewable energy resources for power generation, and integrated management of power-to-gas technology.

Asia Pacific industry is set to hold largest revenue share by 2036, driven by provision of incentives and subsidies such as special benefits in new car registration by the government in the region.

The major players in the market are Sunfire GmbH, ENTSOG AISBL, GRT Gaz SA, Siemens AG, Man Energy Solutions SE, and others.

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