Hydrogenics is the market leader of the global power to gas market. In 2019, the company owned 13.2 percent of the market. That same year it was acquired by Cummins, a U.S. corporation within the heavy equipment and automotive industry, which has begun branching out into power systems. The global power to gas market size was roughly 26 million U.S. dollars in 2019. 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.
Distribution of the power to gas market worldwide in 2019, by company
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MRFR. (September 1, 2020). Distribution of the power to gas market worldwide in 2019, by company [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1287044/global-power-to-gas-share-by-company/
MRFR. "Distribution of the power to gas market worldwide in 2019, by company." Chart. September 1, 2020. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1287044/global-power-to-gas-share-by-company/
MRFR. (2020). Distribution of the power to gas market worldwide in 2019, by company. Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1287044/global-power-to-gas-share-by-company/
MRFR. "Distribution of The Power to Gas Market Worldwide in 2019, by Company." Statista, Statista Inc., 1 Sep 2020, https://www.statista.com/statistics/1287044/global-power-to-gas-share-by-company/
MRFR, Distribution of the power to gas market worldwide in 2019, by company Statista, https://www.statista.com/statistics/1287044/global-power-to-gas-share-by-company/ (last visited January 08, 2025)
Distribution of the power to gas market worldwide in 2019, by company [Graph], MRFR, September 1, 2020. [Online]. Available: https://www.statista.com/statistics/1287044/global-power-to-gas-share-by-company/
