PUBLISHER: Grand View Research | PRODUCT CODE: 1575120
PUBLISHER: Grand View Research | PRODUCT CODE: 1575120
The global power-to-gas market size was valued at USD 36.35 million in 2023 and is expected to grow at a CAGR of 19.2% from 2024 to 2030. The market is driven by several key factors, including the increasing utilization of renewable energy resources for power generation and the integrated management of power-to-gas technology. The growing demand for green hydrogen across various industries, particularly in Europe and Asia-Pacific, is a major driver as nations aim to reduce carbon emissions and enhance energy security.
Additionally, the potential use of hydrogen in mobility solutions and as a substitute for natural gas presents attractive opportunities for market growth. The need for effective energy storage solutions to address the intermittency of renewable energy sources is also a significant driver for the power-to-gas industry.
Global Power-to-Gas Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global power-to-gas market report on the basis of technology, capacity, end-use and region: