Global Power-to-gas Market Size & Outlook, 2023-2030

The power-to-gas industry worldwide is expected to reach a projected revenue of US$ 122.6 million by 2030. A compound annual growth rate of 19% is expected of the worldwide power-to-gas industry from 2024 to 2030.
Revenue, 2023 (US$M)
$36.4
Forecast, 2030 (US$M)
$122.6
CAGR, 2024 - 2030
18.9%
Report Coverage
Worldwide

Global power-to-gas market, 2018-2030 (US$M)

Global power-to-gas market highlights

  • The global power-to-gas market generated a revenue of USD 36.4 million in 2023 and is expected to reach USD 122.6 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 19% by 2030.
  • In terms of segment, electrolysis accounted for a revenue of USD 36.4 million in 2023.
  • Electrolysis is the most lucrative technology segment registering the fastest growth during the forecast period.
  • In terms of region, Europe was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 36.4 million
Market revenue in 2030USD 122.6 million
Growth rate19% (CAGR from 2023 to 2030)
Largest segmentElectrolysis
Fastest growing segmentElectrolysis
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationElectrolysis

Other key industry trends

  • In terms of revenue, the North America accounted for 30.0% of the global power-to-gas market in 2023.

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Power-to-Gas Market Scope

Power-to-gas market segmentation & scope
Methanation
Capacity
Less than 100 kW
100–999 kW
1000 kW and Above
End Use
Commercial
Utilities
Industrial
Countries
Canada
Mexico
U.S.
France
Germany
UK
Australia
China
India
Japan
Argentina
Brazil
Saudi Arabia
South Africa
UAE

Power-to-Gas Market Companies

Name Profile # Employees HQ Website

Global power-to-gas market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to power-to-gas market will help companies and investors design strategic landscapes.


Electrolysis was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global power-to-gas market based on electrolysis covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Power-to-Gas Technology Outlook (Revenue, USD Million, 2018-2030)
    • Electrolysis
    • Methanation
  • Global Power-to-Gas Capacity Outlook (Revenue, USD Million, 2018-2030)
    • Less than 100 kW
    • 100–999 kW
    • 1000 kW and Above
  • Global Power-to-Gas End Use Outlook (Revenue, USD Million, 2018-2030)
    • Commercial
    • Utilities
    • Industrial

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Target buyers of Global power-to-gas market databook

  • Our clientele includes a mix of power-to-gas market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global power-to-gas market , including forecasts for subscribers. This global databook contains high-level insights into Global power-to-gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global power-to-gas market size, by regions, 2018-2030 (US$M)

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