Power-to-Gas Market Research Report - Global Forecast till 2025 - PowerPoint PPT Presentation

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Title: Power-to-Gas Market Research Report - Global Forecast till 2025


1
Power-to-Gas Market Research Report - Global
Forecast till 2025
  • Power-to-Gas Market Outlook and Opportunities in
    Grooming Regions with Forecast 2026

2
Market Highlights
  • Power-to-gas is a process of converting
    electrical energy into hydrogen or methane
    syngas. The hydrogen gas produced through this is
    either used as fuel or chemicals in industrial
    processes.
  • The increasing share of renewable energy in the
    power generation mix is likely to drive the
    market during the forecast period. The global
    electricity demand is projected to grow at a
    notable rate in the next few years due to rapid
    urbanization, increasing population size,
    infrastructure development, and enhanced access
    to electricity. Power generation sources such as
    thermal energy, gas, and diesel contribute
    primarily to carbon emissions. Stakeholders in
    the energy generation industry are actively
    seeking opportunities to reduce their carbon
    footprint and have been focusing on raising the
    share of renewable energy sources in the total
    power generation mix. Renewable energy sources,
    especially solar and wind, are used for
    electricity generation. Moreover, the increasing
    concerns regarding global warming and reducing
    dependence on fossil fuel-based power generation
    have boosted the adoption of solar and wind
    energy sources to meet the growing energy demand.
    According to the Energy Transition, Outlook 2018
    by DNV GL (Norway), the share of solar PV energy
    sources is expected to contribute nearly 39 in
    the total energy generation source by 2050 in the
    Middle East North Africa. Such developments are
    expected to increase the share of renewable
    energy in the power generation mix.

3
  • Moreover, the energy generated from renewable
    energy sources is used to generate hydrogen
    through the power-to-gas technologies. Hydrogen
    is used for applications in various sectors,
    including power generation, transportation, and
    refineries. Such factors are expected to increase
    the demand for power to gas technologies. Thus,
    the increasing share of renewable energy in the
    power generation mix is expected to drive the
    growth of the global power-to-gas market during
    the forecast period.
  • Moreover, measures to promote hydrogen production
    technologies are expected to boost the growth of
    the global power-to-gas market. Many government
    bodies and companies across the world are
    focusing on introducing several initiatives such
    as programs, policies, measures, and incentives
    for the development of hydrogen production
    technology. Hydrogen, as a fuel source, offers
    several advantages such as high efficiency,
    lightweight, and zero-emission. Hydrogen is used
    in various applications, including ammonia
    production, refineries, transportation, and power
    generation. The US Department of Energy (DOE)
    launched H2_at_Scale in 2018 to promote the
    production, transportation, and storage of
    hydrogen. Moreover, in January 2020, the
    department announced plans to provide up to USD
    64 billion for the H2_at_Scale initiative to boost
    the research development for the production and
    storage of hydrogen. The Indian government, as
    per the National Hydrogen Energy Road Map,
    planned to have one billion hydrogen-fueled
    vehicles in the country by 2020. Similarly, in
    the UK, in February 2020, the British government
    announced funding initiatives to boost the
    production of hydrogen in the country. The
    Canadian government, along with the Canadian
    Hydrogen and Fuel Cell Association (CHFCA), is
    focusing on the development of hydrogen
    technologies. Such initiatives encourage
    consumers to boost the development of hydrogen
    production. Therefore, the measures to promote
    hydrogen power technologies are expected to
    create an opportunity for the players operating
    in the global power-to-gas market during the
    forecast period.

4
Market Research Analysis
  • In terms of region, the power-to-gas market is
    segmented into Europe, Asia-Pacific, North
    America, the Middle East Africa, and South
    America. Europe is expected to dominate the
    power-to-gas market during the forecast period.
    The increasing demand for renewable energy
    sources and the developments in hydrogen
    generation to drive the growth of the
    power-to-gas market in the region.
  • The increasing share of renewable energy in the
    power generation mix is one of the major drivers
    boosting the global power-to-gas market. The
    global electricity demand is projected to grow at
    a notable rate in the next few years due to rapid
    urbanization, increasing population size,
    infrastructure development, and enhanced access
    to electricity. Power generation sources such as
    thermal energy, gas, and diesel contribute
    primarily to carbon emissions. Stakeholders in
    the energy generation industry are actively
    seeking opportunities to reduce their carbon
    footprint and have been focusing on raising the
    share of renewable energy sources in the total
    power generation mix. Renewable energy sources,
    especially solar and wind, are used for
    electricity generation. Moreover, the increasing
    concerns regarding global warming and reducing
    dependence on fossil fuel-based power generation
    have boosted the adoption of solar and wind
    energy sources to meet the growing energy demand.
    According to the Energy Transition Outlook 2018
    by DNV GL (Norway), the share of solar PV energy
    sources is expected to contribute nearly 39 in
    the total energy generation source by 2050 in the
    Middle East North Africa. Such developments are
    expected to increase the share of renewable
    energy in the power generation mix.

5
Furthermore, the concerns regarding the growing
carbon emissions and the efforts to curb them
result in the need to increase the share of
renewable energy in the power generation mix.
Wind, solar, biomass, and other renewable energy
sources witness growth in demand as they help
reduce carbon emissions. Renewable energy sources
generate electricity without any polluting
emissions, while non-renewable energy sources,
such as coal and natural gas, emit harmful gases
and wastes. Therefore, the awareness regarding
environmental safety and security has fueled the
market growth for renewable energy globally.
Furthermore, countries across the world, such as
India, Germany, Saudi Arabia, and the UAE, have
set targets to increase the number of renewable
energy generation sources to increase the share
of renewable energy in the power generation mix.
For instance, in 2019, the Saudi Arabian
government set a target to generate 60GW of
energy from renewables by 2030. In the UAE, in
2017, the UAE government launched Energy Strategy
2050 to increase the share of renewable energy to
50 by 2050 in the countrys total energy mix.
Similarly, in the same year, the German
government set a target to achieve 98 GW of solar
electricity generation capacity by 2030.
Additionally, in 2019, the Indian government set
a goal to reach 100 GW solar power installation
capacity by 2022. Such developments are expected
to increase the share of renewable energy
capacity in the total power generation mix across
the globe.
6
Scope of the Report
  • This study provides an overview of the global
    power-to-gas market, tracking four market
    segments across five geographic regions. The
    report studies key players, providing a four-year
    annual trend analysis that highlights market
    size, and share for North America, Europe, and
    Asia-Pacific. The report also provides a
    forecast, focusing on the market opportunities
    for the next five years for each region. The
    scope of the study segments the global
    power-to-gas market by technology, capacity,
    end-user, and region.
  • Browse Full Report Details _at_ https//www.marketres
    earchfuture.com/reports/power-gas-market-8621

7
Key Players
  • The key industry participants of the global
    market for power-to-gas include Mcphy Energy
    S.A., Siemens, Thyssenkrupp AG, Man Energy
    Solutions, Engie, Exytron Vertrieb GmbH,
    Hydrogenics, NEL ASA, Green Hydrogen, Ineratec,
    ITM Power, Uniper SE, and Hitachi Zosen Inova AG.

8
About Market Research Future
  • At Market Research Future (MRFR), we enable our
    customers to unravel the complexity of various
    industries through our Cooked Research Report
    (CRR), Half-Cooked Research Reports (HCRR), Raw
    Research Reports (3R), Continuous-Feed Research
    (CFR), and Market Research Consulting Services.
  • MRFR team have supreme objective to provide the
    optimum quality market research and intelligence
    services to our clients. Our market research
    studies by products, services, technologies,
    applications, end users, and market players for
    global, regional, and country level market
    segments, enable our clients to see more, know
    more, and do more, which help to answer all their
    most important questions.
  • In order to stay updated with technology and work
    process of the industry, MRFR often plans
    conducts meet with the industry experts and
    industrial visits for its research analyst
    members.

9
Contact Us
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  • 1 646 845 9312
  • Email sales_at_marketresearchfuture.com
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