About Renewable Natural Gas-
Renewable natural gas (RNG) is a pipeline-quality gas that is fully interchangeable with conventional natural gas and thus can be used in natural gas vehicles. RNG is essentially biogas (the gaseous product of the decomposition of organic matter) that has been processed to purity standards. The RNG market is poised for significant growth in the coming years, driven by increasing environmental concerns, supportive policies, and technological advancements. The RNG market presents a compelling opportunity to address environmental challenges, create economic benefits, and contribute to a more sustainable energy future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Renewable Natural Gas- market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Exxon Mobil Corporation (United States), Shell plc. (United Kingdom), Clean Energy Fuels (United States), Air Liquide (France), BP p.l.c. (United Kingdom), Pacific Gas and Electric (United States), RNG Coalition (United States), California Bioenergy (United States), Align RNG (United States) and FortisBC (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Maas Energy Works, Inc. (United States), Gothenburg Energy (Sweden), Vanguard Renewables (United States), Dominion Energy (United States), Brightmark (United States) and Neste (Finland).
Segmentation Overview
AMA Research has segmented the market of Global Renewable Natural Gas- market by , Application (Electricity Generation, Gas Grid, Alternative Fuel and Others) and Region.
On the basis of geography, the market of Renewable Natural Gas- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industry, the sub-segment i.e. Residential and Commercial Heating will boost the Renewable Natural Gas- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Livestock Waste will boost the Renewable Natural Gas- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in RNG Production Technologies
Market Growth Drivers:
Growing Emphasis on Sustainable Energy Sources and Reducing Carbon Emissions and Growing Demand for Cleaner Transportation Fuels
Challenges:
Competition from Conventional Natural Gas
Restraints:
Limited and Geographically Concentrated Sources
Opportunities:
Renewable Energy Policies and Government Incentives and Existing Natural Gas Infrastructure Compatibility
Market Leaders and their expansionary development strategies
In February 2023, Shell acquired the renewable natural gas producer Nature Energy. This acquisition supports Shell’s ambitions to build an integrated RNG value chain at a global scale and to profitably grow its low-carbon offerings to customers across multiple sectors.
In October 2023, Pacific Gas and Electric launched the Pilot and Procurement of renewable natural gas from organic waste. Utilizing organic waste for RNG production offers environmental benefits by diverting waste from landfills and reducing greenhouse gas emissions.
Key Target Audience
Manufacturer, Government Bodies, Research Center, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.