Europe was the largest power to gas market in the world, with a market value of 11.86 million U.S. dollars in 2019. The forecast shows that by 2026, this value is expected to almost double and reach 21.65 million U.S. dollars. By comparison, North America is estimated to have a power to gas market value of 10.71 million U.S. dollars in 2026. Power to gas, also known as PtG or P2G, converts excess or off-peak power from renewable sources into methane syngas or hydrogen, which can later be used as a fuel in other sectors, such as heating or transportation.
Power to gas market size worldwide in 2019, with a forecast for 2026, by region
(in million U.S. dollars)
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MRFR. (September 1, 2020). Power to gas market size worldwide in 2019, with a forecast for 2026, by region (in million U.S. dollars) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1286991/global-power-to-gas-market-size-by-region/
MRFR. "Power to gas market size worldwide in 2019, with a forecast for 2026, by region (in million U.S. dollars)." Chart. September 1, 2020. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1286991/global-power-to-gas-market-size-by-region/
MRFR. (2020). Power to gas market size worldwide in 2019, with a forecast for 2026, by region (in million U.S. dollars). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1286991/global-power-to-gas-market-size-by-region/
MRFR. "Power to Gas Market Size Worldwide in 2019, with a Forecast for 2026, by Region (in Million U.S. Dollars)." Statista, Statista Inc., 1 Sep 2020, https://www.statista.com/statistics/1286991/global-power-to-gas-market-size-by-region/
MRFR, Power to gas market size worldwide in 2019, with a forecast for 2026, by region (in million U.S. dollars) Statista, https://www.statista.com/statistics/1286991/global-power-to-gas-market-size-by-region/ (last visited January 08, 2025)
Power to gas market size worldwide in 2019, with a forecast for 2026, by region (in million U.S. dollars) [Graph], MRFR, September 1, 2020. [Online]. Available: https://www.statista.com/statistics/1286991/global-power-to-gas-market-size-by-region/
