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 2024-2031

Global 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).

This market shift is fueled by increasing concerns over greenhouse gas emissions, limited fossil fuel reserves, and the urgency to mitigate climate change impacts.

Key market insights highlight the growing adoption of RNG across various sectors, including transportation, residential, industrial, and commercial. As countries strive to meet renewable energy targets and reduce carbon footprints, RNG has gained attention for its ability to replace traditional natural gas and reduce methane emissions from landfills and agricultural processes. Regulatory support, incentives, and carbon pricing mechanisms are driving investments in RNG production facilities and distribution networks.

The market landscape comprises a mix of established energy companies, waste management firms, and startups focused on RNG production, distribution, and utilization. Partnerships, collaborations, and investments are common strategies to bolster market presence and advance RNG technologies. As consumers demand cleaner energy alternatives, the RNG market is poised for expansion, offering economic and environmental benefits that align with the global shift towards a more sustainable energy future.

US Renewable Natural Gas Market is poised to grow at a sustainable CAGR for the next forecast year.