Asia Pacific Power-to-gas Market Size & Outlook, 2023-2030
Asia Pacific power-to-gas market, 2018-2030 (US$M)
Asia Pacific power-to-gas market highlights
- The Asia Pacific power-to-gas market generated a revenue of USD 6.4 million in 2023.
- The market is expected to grow at a CAGR of 19.5% from 2024 to 2030.
- In terms of segment, electrolysis was the largest revenue generating technology in 2023.
- Electrolysis is the most lucrative technology segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 6.4 million |
| Market revenue in 2030 | USD 22.4 million |
| Growth rate | 19.5% (CAGR from 2023 to 2030) |
| Largest segment | Electrolysis |
| Fastest growing segment | Electrolysis |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electrolysis |
| Key market players worldwide | Hydrogenics, ITM Power PLC, McPhy Energy SA, FuelCell Energy Inc, NEL Hydrogen, Thyssenkrupp AG, Electrochaea, Carbotech, Aquahydrex, INERATEC |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.7% of the global power-to-gas market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 38.1 million by 2030.
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Power-to-Gas Market Scope
Power-to-Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 Asia Pacific power-to-gas market based on electrolysis covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific has seen a significant rise in the adoption of renewable energy sources, particularly solar and wind power, which has led to the need for effective energy storage solutions.
Power-to-gas technologies can help convert excess renewable electricity into hydrogen or methane, enabling better integration of these intermittent sources into the grid.
Reasons to subscribe to Asia Pacific power-to-gas market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific power-to-gas market databook
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Our clientele includes a mix of power-to-gas market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific power-to-gas market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific power-to-gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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