Power to Gas Market Overview, Size, Share, Growth, Business Scenario, Insights, Industry Analysis, Trends and Forecasts Report 2027
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The growing demand for renewable sources of energy and increasing consumption of hydrogen in the transportation sector are driving the demand of the market. Market Size – USD 32.8 million in 2019, Market Growth - CAGR of 10.2%, Market Trends – Increasing adoption of electric vehicles.
The Global Power to Gas Market size was valued at USD 32.8 Million in 2019 and is forecasted to reach USD 68.3 Million by 2027 at a CAGR of 10.2%. The market is mainly driven by the growing demand for renewable sources of energy. The ever increasing global population, coupled with the rapid urbanization, has increased the demand for electricity globally. The increasing demand for electricity and the growth in solar & wind energy generation is expected to drive the power to gas market.
