Europe Power-to-gas Market Size & Outlook, 2023-2030
Europe power-to-gas market, 2018-2030 (US$M)
Europe power-to-gas market highlights
- The Europe power-to-gas market generated a revenue of USD 16.2 million in 2023.
- The market is expected to grow at a CAGR of 18.7% 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.
Europe data book summary
| Market revenue in 2023 | USD 16.2 million |
| Market revenue in 2030 | USD 53.5 million |
| Growth rate | 18.7% (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, Europe region accounted for 44.5% 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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Europe 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 Europe power-to-gas market based on electrolysis covering the revenue growth of each sub-segment from 2018 to 2030.
The power-to-gas market in Europe is characterized by a strong focus on renewable energy integration, ambitious climate targets, and supportive government policies.
The region leads in power-to-gas technology development, with countries like Germany and Denmark at the forefront of renewable hydrogen production and utilization across various sectors.
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Target buyers of Europe 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 Europe power-to-gas market , including forecasts for subscribers. This continent databook contains high-level insights into Europe power-to-gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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