Power to Gas Market Size to Grow by USD 22.13 Mn| Increase in the supply of natu… – Press Release


NEW YORK, April 7, 2022 /PRNewswire/ — According to the research report, the Power to Gas Market will witness a YOY growth of 10.01% in 2022 at a CAGR of 10.14% during the forecast period. The report is segmented by end-user (power to hydrogen and power to methane) and geography (Europe, North America, APAC, South America, and the Middle East and Africa).

For more insights on YOY and CAGR, Read our FREE Sample Report

Vendor Insights 

The power to gas Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • AEG Power Solutions BV
  • E.ON SE
  • Electrochaea GmbH
  • Hitachi Zosen Inova AG
  • 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

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

Geographical Market Analysis 

Europe will account for 43% of the market’s growth. In Europe, Germany and France are the most important markets for power to gas conversion. This region’s market will rise at a quicker rate than those in South America, North America, and MEA.

The availability of natural gas reserves and a large increase in demand for high-power supply solutions in the automotive and energy industries would aid the expansion of the power to gas market in Europe.

Furthermore, countries such as the US, China, Japan, Germany, and France are expected to emerge…