Global Renewable Natural Gas Market

Renewable Natural Gas Market Size, Share, Growth Analysis, By Source(Agricultural RNG Resource, Sewage & Wastewater RNG Resource, Landfill RNG Resource), By Application(Electricity Generation, Vehicle Fuel, Gas Grid, Others), By Region - Industry Forecast 2025-2032


Report ID: SQMIG55F2041 | Region: Global | Published Date: March, 2024
Pages: 182 | Tables: 64 | Figures: 75

Renewable Natural Gas Market Dynamics

Renewable Natural Gas Market Drivers

Government Policies and Incentives

  • Supportive regulatory frameworks, incentives, and mandates, such as the Renewable Fuel Standard (RFS) in the U.S. and renewable energy targets in various countries, drive the adoption of RNG.

Decarbonization Goals

  • Industries, utilities, and transportation sectors are aligning with decarbonization goals, driving the demand for cleaner and renewable energy alternatives, including RNG.

Waste Management Initiatives

  • The need for effective waste management, coupled with the potential to capture methane emissions from landfills and wastewater treatment plants, contributes to RNG's growth.

Renewable Natural Gas Market Restraints

Infrastructure Limitations

  • Insufficient infrastructure for RNG production, distribution, and utilization hinders its adoption, especially in regions lacking well-established natural gas networks.

Feedstock Availability

  • RNG production heavily depends on organic waste sources, which might be limited in certain regions, impacting the scalability of RNG projects.

Cost Challenges

  • The initial investment costs for RNG production facilities and infrastructure can be high, making it less competitive compared to conventional fossil fuels in some markets.
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FAQs

Renewable Natural Gas Market size was valued at USD 12 billion in 2022 and is poised to grow from USD 15.6 billion in 2023 to USD 127.25 billion by 2031, growing at a CAGR of 30% in the forecast period (2024-2031).

The competitive landscape of the renewable natural gas (RNG) market is dynamic, characterized by the presence of various players ranging from energy companies, waste management firms, technology providers, to government entities. Key industry players are strategically focusing on expanding their RNG production capacities, improving technology efficiency, and establishing strong distribution networks. Collaboration and partnerships between different stakeholders, including waste generators, utilities, and transportation companies, are becoming crucial for the development of RNG projects and infrastructure. 'Clean Energy Fuels Corp (USA)', 'BP plc (UK)', 'FortisBC Energy Inc (Canada)', 'SoCalGas (USA)', 'Enbridge Inc (Canada)', 'Waste Management Inc (USA)', 'Enerkem Inc (Canada)', 'Rumpke Waste & Recycling (USA)', 'GRDF (France)', 'Ameresco Inc (USA)', 'Gaz Métro (Canada)', 'Brightmark Energy LLC (USA)', 'Republic Services Inc (USA)', 'Energy Vision (USA)', 'SGN (Scotland, UK)', 'Air Liquide SA (France)', 'CR&R Environmental Services (USA)', 'Chevron Corporation (USA)', 'Sempra Energy (USA)', 'Gasum Oy (Finland)'

Supportive regulatory frameworks, incentives, and mandates, such as the Renewable Fuel Standard (RFS) in the U.S. and renewable energy targets in various countries, drive the adoption of RNG.

Integration with Existing Infrastructure: Integrating RNG into existing natural gas grids allows for seamless distribution and utilization across residential, commercial, and industrial sectors.

The market for renewable natural gas (RNG) reflects a mosaic of regional insights shaped by a blend of geographical, economic, policy, and technological factors. Within this landscape, North America has notably risen as a prominent player in the RNG sector. Both the United States and Canada have witnessed significant strides in RNG development, bolstered by their robust natural gas infrastructure, conducive policy frameworks, and growing commitment to decarbonization. Government incentives like the U.S. Renewable Fuel Standard (RFS) and Canada's provincial initiatives have been instrumental in propelling RNG production. The abundance of agricultural and waste resources in these nations serves as a robust feedstock base for RNG generation, with landfills emerging as a substantial contributor.

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Global Renewable Natural Gas Market

Report ID: SQMIG55F2041

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