Europe Power-to-X Market to grow at promising rate through 2026
Ongoing research and development activities and growing energy requirements are expected to drive the demand for Europe Power-to-X Market in the forecast period. According to TechSci Research report, “ Europe Power-to-X Market By Application (Decentralized Production, Seasonal Energy Storage, Decarbonization, Grid Stability) By End User (Transportation, Agriculture, Manufacturing, Industry, Residential, Others) By Type (Power-to-gas, Power-to-heat, Power-to-Ammonia, Energy Storage, Others), By Country, Competition, Forecast & Opportunities, 2026 ” , The Europe Power-to-X market is expected to grow at a steady rate during the forecast period. The Power-to-X technology is used to produce hydrogen through the electrolysis of water and utilizes renewable electricity for the production process. The produced hydrogen can be used as the final energy carrier or can be transformed to produce methane, liquid fuels, chemicals, electricity, and synthetic gas. Power-to-X technologies...