Global Renewable Natural Gas Market Growth 2023-2029

Global Renewable Natural Gas Market Growth 2023-2029

Product Code:462831

Published Date: Feb 08,2023

Pages: 116

Region: Global

Category: Energy & Power

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Renewable Natural Gas (RNG), also known as Sustainable Natural Gas (SNG) or biomethane, is a biogas which has been upgraded to a quality similar to fossil natural gas and having a methane concentration of 90% or greater. A biogas is a gaseous form of methane obtained from biomass. By upgrading the quality to that of natural gas, it becomes possible to distribute the gas to customers via the existing gas grid within existing appliances.

LPI (LP Information)' newest research report, the “Renewable Natural Gas Industry Forecast” looks at past sales and reviews total world Renewable Natural Gas sales in 2022, providing a comprehensive analysis by region and market sector of projected Renewable Natural Gas sales for 2023 through 2029. With Renewable Natural Gas sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Renewable Natural Gas industry.

This Insight Report provides a comprehensive analysis of the global Renewable Natural Gas landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Renewable Natural Gas portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Renewable Natural Gas market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Renewable Natural Gas and breaks down the forecast by source, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Renewable Natural Gas.

The global Renewable Natural Gas market size is projected to grow from US$ 5045.5 million in 2022 to US$ 70140 million in 2029; it is expected to grow at a CAGR of 70140 from 2023 to 2029.

Global key players of Renewable Natural Gas include Clean Energy Fuels, Archaea Energy, etc. Global top 3 companies hold a share about 30%. North America is the largest market, with a share over 40%, followed by Europe and Asia Pacific with the share about 40% and 15%. In terms of product, Agriculture Type is the largest segment, with a share about 60%. And in terms of application, the largest application is Gas Grid, with a share over 50%.

This report presents a comprehensive overview, market shares, and growth opportunities of Renewable Natural Gas market by product source, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by source
    Agricultural RNG Resource
    Sewage & Wastewater RNG Resource
    Landfill RNG Resource

Segmentation by application
    Electricity Generation
    Vehicle Fuel
    Gas Grid
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Clean Energy Fuels
    Archaea Energy
    Montauk
    VERBIO
    Vanguard Renewables
    J V Energen
    Gasrec
    Future Biogas
    REN Energy
    Dominion Energy
    Deqingyuan
    California Bioenergy
    Asia Biogas
    AltEnergo
    Waga Energy
    Ameresco

Key Questions Addressed in this Report
What is the 10-year outlook for the global Renewable Natural Gas market?
What factors are driving Renewable Natural Gas market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Renewable Natural Gas market opportunities vary by end market size?
How does Renewable Natural Gas break out source, application?
What are the influences of COVID-19 and Russia-Ukraine war?