Power-to-gas Market

The United States Power-to-gas market size was valued at US$ 156.4 million in 2024 and is projected to reach US$ 452.8 million by 2030, at a CAGR of 19.40% during the forecast period 2024-2030.

Power-to-gas is a technology that converts surplus electrical energy into gaseous fuel, typically hydrogen or methane, enabling long-term energy storage and integration of renewable energy sources into existing gas infrastructure.

The US Power-to-gas market is experiencing rapid growth, driven by increasing renewable energy penetration, the need for long-duration energy storage, and efforts to decarbonize the gas grid. In 2023, total installed electrolyzer capacity reached 150 MW, with grid balancing applications accounting for 55% of market value. The market saw a 40% increase in pilot projects for power-to-hydrogen systems in 2023, particularly for use in industrial clusters and transportation hubs. Use in natural gas blending applications is growing at 35% annually. The market is witnessing a trend towards larger-scale power-to-gas installations, with a 50% year-over-year increase in the average capacity of new projects. Adoption of power-to-methane technology, which combines hydrogen with CO2 to produce synthetic natural gas, grew by 30% in 2023. Leading developers are focusing on improving system efficiency and reducing costs, with a 45% increase in R&D investments for advanced electrolysis technologies and catalysts. The industry is also seeing increased interest in integrating power-to-gas with renewable energy projects, with a 60% rise in co-located wind or solar power and electrolysis facilities.

Power-to-gas Market contains market size and forecasts of Power-to-gas in United States, including the following market information:

•    United States Power-to-gas Market Revenue, 2019-2024, 2024-2030, ($ millions)

•    United States Power-to-gas Market Sales, 2019-2024, 2024-2030,

•    United States Top five Power-to-gas companies in 2023 (%)

Report Includes

Power-to-gas Market presents an overview of United States market for Power-to-gas , sales, revenue and price. Analyses of the United States market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

Power-to-gas Market focuses on the Power-to-gas sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the United States Power-to-gas market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

Power-to-gas Market will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

Power-to-gas Market analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    Less than 100 kW

•    100