Summary

The Global Power-to-gas Market is valued at approximately USD 40.39 billion in 2024 and is projected to grow at a compound annual growth rate of over 10.54% during the forecast period 2025–2035. As the world pivots toward decarbonization, power-to-gas (P2G) solutions are emerging as critical enablers in the transition to low-carbon energy systems. This technology facilitates the conversion of surplus renewable electricity into hydrogen or synthetic methane through electrolysis and methanation, thereby enabling long-term energy storage, grid balancing, and decarbonized fuel generation. With growing global emphasis on climate goals and net-zero ambitions, the integration of P2G systems is no longer seen as experimental, but as essential infrastructure for future-proof energy grids.
The surging deployment of intermittent renewable energy sources such as solar and wind has accelerated the need for advanced storage technologies that can mitigate variability. Power-to-gas offers a promising pathway by storing excess power in the form of gaseous fuels, which can be fed into natural gas pipelines or used in fuel cells and industrial heating processes. Moreover, increasing policy support, investment from green hydrogen alliances, and cost reduction in electrolysis technologies are paving the way for P2G scalability. According to industry sources, green hydrogen production is expected to surpass 30 million metric tons by 2030, illustrating the pace at which this sector is gathering momentum. In tandem, advancements in methanation processes and sector coupling strategies are fueling cross-industry adoption—from utilities enhancing grid resilience to industrial sectors replacing fossil-based feedstocks.
Regionally, Europe currently leads the global power-to-gas market, bolstered by robust government mandates for decarbonization, the European Green Deal, and multi-billion-euro hydrogen strategies across Germany, France, and the Netherlands. North America is witnessing accelerating adoption, particularly in Canada and select U.S. states such as California and Texas, where pilot projects are advancing rapidly. The Asia Pacific region, especially Japan, South Korea, and Australia, is also making significant strides with hydrogen-focused national roadmaps and large-scale electrolyzer installations. Meanwhile, the Middle East is capitalizing on abundant solar resources to export green hydrogen, while Latin America is exploring hybrid renewable-P2G installations to strengthen remote energy systems.
Major market players included in this report are:
• Siemens Energy AG
• ITM Power PLC
• Nel ASA
• Air Liquide S.A.
• Linde plc
• McPhy Energy S.A.
• Thyssenkrupp AG
• Hydrogenics (a Cummins Inc. company)
• MAN Energy Solutions
• Hitachi Zosen Corporation
• ENGIE
• Enapter AG
• Tokyo Gas Co., Ltd.
• Uniper SE
• Sunfire GmbH
Global Power-to-gas Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope – Free report customization (equivalent up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:
By Technology:
• Electrolysis
• Methanation
By Capacity:
• Upto 100 KW
• 100 KW – 1000 KW
• Above 1000 KW
By End-User:
• Utility
• Commercial
• Industrial
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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Table of Contents

Table of Contents
Chapter 1. Global Power-to-gas Market Report Scope & Methodology
1.1. Research Objective
1.2. Research Methodology
1.2.1. Forecast Model
1.2.2. Desk Research
1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
1.4.1. Market Definition
1.4.2. Market Segmentation
1.5. Research Assumption
1.5.1. Inclusion & Exclusion
1.5.2. Limitations
1.5.3. Years Considered for the Study
Chapter 2. Executive Summary
2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings
Chapter 3. Global Power-to-gas Market Forces Analysis
3.1. Market Forces Shaping The Global Power-to-gas Market (2024–2035)
3.2. Drivers
3.2.1. Increasing Renewable Energy Generation Driving Need for Grid Balancing
3.2.2. Government Incentives and Green Hydrogen Targets Accelerating Technology Adoption
3.3. Restraints
3.3.1. High Capital Investment and Operational Costs
3.3.2. Infrastructure Limitations for Hydrogen Storage and Transportation
3.4. Opportunities
3.4.1. Technological Advancements in Electrolysis and Methanation
3.4.2. Integration of P2G in Industrial and Mobility Sectors
Chapter 4. Global Power-to-gas Industry Analysis
4.1. Porter’s 5 Forces Model
4.1.1. Bargaining Power of Buyer
4.1.2. Bargaining Power of Supplier
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Forecast Model (2024–2035)
4.3. PESTEL Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024–2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion
Chapter 5. Global Power-to-gas Market Size & Forecasts by Technology 2025–2035
5.1. Market Overview
5.2. Electrolysis
5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
5.2.2. Market Size Analysis, by Region, 2025–2035
5.3. Methanation
5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
5.3.2. Market Size Analysis, by Region, 2025–2035
Chapter 6. Global Power-to-gas Market Size & Forecasts by Capacity 2025–2035
6.1. Market Overview
6.2. Upto 100 KW
6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
6.2.2. Market Size Analysis, by Region, 2025–2035
6.3. 100 KW – 1000 KW
6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
6.3.2. Market Size Analysis, by Region, 2025–2035
6.4. Above 1000 KW
6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
6.4.2. Market Size Analysis, by Region, 2025–2035
Chapter 7. Global Power-to-gas Market Size & Forecasts by End-User 2025–2035
7.1. Market Overview
7.2. Utility
7.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
7.2.2. Market Size Analysis, by Region, 2025–2035
7.3. Commercial
7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
7.3.2. Market Size Analysis, by Region, 2025–2035
7.4. Industrial
7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
7.4.2. Market Size Analysis, by Region, 2025–2035
Chapter 8. Global Power-to-gas Market Size & Forecasts by Region 2025–2035
8.1. Power-to-gas Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Power-to-gas Market
8.3.1. U.S.
8.3.1.1. Technology Breakdown Size & Forecasts, 2025–2035
8.3.1.2. Capacity Breakdown Size & Forecasts, 2025–2035
8.3.1.3. End-User Breakdown Size & Forecasts, 2025–2035
8.3.2. Canada
8.3.2.1. Technology Breakdown Size & Forecasts, 2025–2035
8.3.2.2. Capacity Breakdown Size & Forecasts, 2025–2035
8.3.2.3. End-User Breakdown Size & Forecasts, 2025–2035
8.4. Europe Power-to-gas Market
8.4.1. UK
8.4.2. Germany
8.4.3. France
8.4.4. Spain
8.4.5. Italy
8.4.6. Rest of Europe
8.5. Asia Pacific Power-to-gas Market
8.5.1. China
8.5.2. India
8.5.3. Japan
8.5.4. Australia
8.5.5. South Korea
8.5.6. Rest of Asia Pacific
8.6. Latin America Power-to-gas Market
8.6.1. Brazil
8.6.2. Mexico
8.7. Middle East and Africa Power-to-gas Market
8.7.1. UAE
8.7.2. Saudi Arabia
8.7.3. South Africa
8.7.4. Rest of Middle East & Africa
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Siemens Energy AG
9.2.1. Company Overview
9.2.2. Key Executives
9.2.3. Company Snapshot
9.2.4. Financial Performance (Subject to Data Availability)
9.2.5. Product/Services Port
9.2.6. Recent Development
9.2.7. Market Strategies
9.2.8. SWOT Analysis
9.3. Other Key Companies
9.3.1. ITM Power PLC
9.3.2. Nel ASA
9.3.3. Air Liquide S.A.
9.3.4. Linde plc
9.3.5. McPhy Energy S.A.
9.3.6. Thyssenkrupp AG
9.3.7. Hydrogenics (a Cummins Inc. company)
9.3.8. MAN Energy Solutions
9.3.9. Hitachi Zosen Corporation
9.3.10. ENGIE
9.3.11. Enapter AG
9.3.12. Tokyo Gas Co., Ltd.
9.3.13. Uniper SE
9.3.14. Sunfire GmbH