Renewable Natural Gas Market, By Feedstock (Landfill, Wastewater Treatment, Agricultural Waste, and Others), By Application (Vehicle Fuel, Power Generation, Pipeline Injection, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Aug 2024

Code : CMI7352

Pages :135

Formats :

Excel and PDF

Industry : Energy

Market Concentration and Competitive Landscape

Renewable Natural Gas Market Concentration By Players

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Demand for cleaner sources of energy

Around the world, businesses and consumers are embracing sustainable alternatives as climate change awareness grows. There is a strong preference for energy sources that offer carbon neutral or negative profiles compared to conventional fossil fuels. Renewable natural gas perfectly fits the bill as it can be easily integrated within existing natural gas infrastructure and provide a 'drop-in' clean replacement. As cities and industries aim for net-zero emissions targets over the next few decades, switching to renewable natural gas allows them to continue relying on familiar natural gas for various applications while meeting sustainability goals. Renewable gas provides carbon savings throughout the value chain from production to use.

Biomethane from organic wastes is increasingly seen as a viable method to transition existing natural gas users towards a greener option without major modifications. Utilities too are making investments to accommodate higher volumes of renewable gas into their networks to cater to customer needs. Even in the transport sector, renewable natural gas is emerging as a top alternative fuel for heavy-duty trucks and municipal fleets aiming to reduce their carbon footprint. As more emphasis is placed on the climate change mitigation capabilities of different fuels, renewable natural gas is attracting greater demand backed by its inherent environmental benefits over conventional sources. With a push for sustainability across end-use segments, demand momentum for renewable alternatives like natural gas is expected to really take off in the coming years.

Key Players Insights