Natural Gas is Fueling the Growth of Power-to-Gas Market

To achieve the set target, different innovations are being made to upgrade the energy storage systems so as to be able to incorporate the renewable sources of energy, further accelerating the transition toward a carbon-neutral economy in a sustainable way.

Photovoltaic panels and wind energy are considered to have high potential to generate electricity and transform the electrical system into an energy-efficient one.Read Report Summary: https://bisresearch.com/industry-report/power-gas-market.htmlHowever, the generation of electricity with the help of renewable sources of energy leads to a further need for storage or transmission to other forms of energy, which can be consumed.

The inclusion of renewable sources of energy to develop a well-integrated energy system requires proper designing, planning, and implementation.

Stringent regulations to curb greenhouse gas emissions and increasing promotion to use renewable sources of energy are some of the factors driving the growth of power-to-gas across different regions.

However, high capital expenditure and infrastructural barriers are some of the factors that are restraining the growth of the power-to-gas market.Considering the adoption of electrolysis technology since 2014, the technology in the power-to-gas market, in terms of capacity, is currently dominated by alkaline electrolysis, followed by polymer electrolyte membrane (PEM).

The PEM technology is expected to show healthy growth once its cost gets reduced in the coming years due to massive-scale adoption.

The global market for Automotive Natural Gas Vehicle (NGV) is segmented on the basis of product, type, services, and technology.

In addition, analysts have also evaluated the changing economics around the market that are likely affecting its course.

On the basis of geography, the global market for a Automotive Natural Gas Vehicle (NGV) has been segmented into: Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-automotive-natural-gas-vehicle-2025-833 Global Automotive Natural Gas Vehicle (NGV) market size will reach 11300 million US$ by 2025, from 6582.1 million US$ in 2018, at a CAGR of 7.5% during the forecast period.

Market share, growth rate, and competitive factors are also evaluated for market leaders Maruti Suzuki, Volkswagen, etc.

The following manufacturers are covered in this report: Maruti SuzukiVolkswagenFiatHondaGeneral MotorsRenaultHyundaiFordIran KhodroVolvo GroupPSAC Truck Automotive Natural Gas Vehicle (NGV) Breakdown Data by Type CNG VehicleLNG Vehicle In the global market of natural gas vehicles, CNG cars and LNG cars are the main commodities, among which CNH cars account for nearly 80% of the global market share in 2018.

Automotive Natural Gas Vehicle (NGV) Breakdown Data by Application Passenger CarsCommercial Vehicle In the global market, natural gas vehicles are mainly used in passenger vehicles and commercial vehicles, among which passenger vehicles account for nearly 90% of the market share in 2018.

The latest research report by Emergen Research, named ‘Global Power to Gas Market - Forecast to 2027’, entails a comprehensive review of the global Power to Gas market’s present and future trends.

The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.

Both the transportation and industrial sector has increasingly adopted renewable sources of energy.

Moreover, the increasing preferences of the industrial segment towards cleaner sources of energy in order to reduce their dependency on fossil fuel-based power generation and be more energy efficient in the future is expected to drive the demand of the system over the forecast period.Request a PDF sample copy of the report @https://www.emergenresearch.com/request-sample/186 COVID-19 Impact Analysis:This report is the latest document encompassing the massive changes that took place in the Power to Gas market following the emergence of the COVID-19 pandemic.

The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Power to Gas market.

Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments.Key Highlights From The ReportIn May 2019, ITM Power introduced a new business division named ITM Motive.

Global Power-To-Gas Market was valued at US$ 25.80 Mn in 2019 and is expected to reach US$ 60.80 Mn by 2027, at a CAGR of 11.31 % during a forecast period.

The Power-To-Gas Market Size 2021-2027 provides detailed competitive analysis, including market share, size, future scope, and future outlook.

Companies are investing heavily in new electric mopeds and scooters to make them more efficient.Get a Sample PDF of the Report at : Request Free Sample ReportList Of TOP KEY PLAYERS in Power-To-Gas Market Report are - • Hydrogenics• ITM Power• McPhy Energy• Siemens• MAN Energy Solutions• Uniper• Micropyros• Carbotech• Power-to-gas Hungary• Aquahydrex• Fuelcell Energy• Nel Hydrogen• ThyssenKrupp• Electrochaea• Exytron• GreenHydrogen• Hitachi Zosen Inova Etogas• Ineratec• SocalgasCOVID-19 Impact on Market:In December 2019, the COVID-19 epidemic began in Wuhan (China), and has been spreading rapidly around the world.

This outbreak has caused major disruptions in the global food and drink industry, including supply chain breakdowns, cancellations of technology events, and office closures.

China is the world's largest manufacturing country, and has the largest number of raw material suppliers.

This report includes all aspects of the industry and a study of key players, including market leaders, followers, as well as new entrants.