North America Power-to-gas Market Size & Outlook
North America power-to-gas market, 2018-2030 (US$M)
North America power-to-gas market highlights
- The North America power-to-gas market generated a revenue of USD 10.9 million in 2023.
- The market is expected to grow at a CAGR of 19.6% 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.
North America data book summary
| Market revenue in 2023 | USD 10.9 million |
| Market revenue in 2030 | USD 38.1 million |
| Growth rate | 19.6% (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, North America region accounted for 30.0% 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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North America 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 North America 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 North America is characterized by a growing emphasis on renewable energy integration and the development of sustainable energy solutions.
Increasing investments in green hydrogen production and the utilization of power-to-gas technologies are driven by regulatory support aimed at reducing carbon emissions.
The market is also marked by advancements in electrolysis and methanation technologies, enhancing the efficiency of converting surplus renewable energy into hydrogen and methane.
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Target buyers of North America 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 North America power-to-gas market , including forecasts for subscribers. This continent databook contains high-level insights into North America power-to-gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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