Global Renewable Natural Gas Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Renewable Natural Gas Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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. By increasing the concentration of methane to a similar level as natural gas, it becomes possible to distribute the gas to customers via the existing gas grid and use in existing appliances. RNG can be used in Building, industry, Power Plant and other industries.

Market Overview:

The latest research study on the global Renewable Natural Gas market finds that the global Renewable Natural Gas market reached a value of USD 3721.41 million in 2022. It’s expected that the market will achieve USD 8385.71 million by 2028, exhibiting a CAGR of 14.5% during the forecast period.

Technological innovation

Like conventional natural gas, biogas must be treated to ensure it is clean enough to be injected into the network. Depending on the feedstock, raw biogas can contain components that can pose a health risk and damage pipelines and end-use equipment. Siloxanes are found in biogas from landfills and wastewater treatment plants, and when burned, they create silica deposits that can affect engine performance and damage microturbines. In addition to these potential components, gas properties such as temperature, water content, and particle content can also contribute to pipe corrosion and build-up on pipe walls, and can reduce the effectiveness of gas odorants. Processing equipment must be installed to test and remove unwanted gas components in order for the RNG to meet the standards of the accepted pipeline. RNG manufacturers need to update their technology to maintain their market competitiveness. However, technological innovation is a challenge for enterprises.

Threats from other alternative renewable energy sources

Renewable energy, often referred to as clean energy, as one of the renewable energy sources, RNG also has the danger of being replaced by other renewable energy sources. Like solar, wind, geothermal, tidal, etc., solar or photovoltaic (PV) cells are made from silicon or other materials that convert sunlight directly into electricity. Solar farms can generate electricity for thousands of homes, using mirrors to concentrate sunlight on acres of solar cells. Floating solar farms (or floating photovoltaics) can make efficient use of ecologically insensitive wastewater facilities and water bodies. Solar systems produce no air pollutants or greenhouse gases, and most solar panels have little or no impact on the environment outside of the manufacturing process. Now that there are more and more innovative and cheaper ways to source renewable energy, renewable energy is becoming a more important energy source. The way RNG wants to remain competitive in the market is to innovate in technology to produce more economical and higher quality products.

Region Overview:

In 2022, the share of the Renewable Natural Gas market in Europe stood at 47.35%.

Company Overview

Kinder Morgan is one of the major players operating in the Renewable Natural Gas market, holding a share of 3.19% in 2022.

Kinder Morgan

Kinder Morgan is one of the largest energy infrastructure companies in North America. Kinder Morgan own an interest in or operate approximately 84,000 miles of pipelines and 152 terminals. Kinder Morgan's pipelines transport natural gas, gasoline, crude oil, carbon dioxide and more. Kinder Morgan's terminals store and handle petroleum products, chemicals and other products.

Archaea Energy

In 2021, Rice Acquisition Corp., a publicly traded special purpose acquisition company, combined with Archaea Energy LLC and Aria Energy LLC, a company with over 30 years of experience in renewable energy, over 20 operational RNG and landfill gas to renewable electricity projects, and approximately 100 highly trained plant operators across the U.S.

Segmentation Overview:

As for product types, the Originated From Agricultural Waste & Biomass segment held the largest market share in 2022.

Application Overview:

By application, the Power Plant segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Renewable Natural Gas market covered in Chapter 3:

Ameresco
Waga Energy
Lethbridge Biogas LP
Convertus Group
Faromor CNG Corp.
StormFisher
Align RNG
Archaea Energy
Kinder Morgan
Shell plc

In Chapter 4 and Chapter 14.2, on the basis of types, the Renewable Natural Gas market from 2018 to 2029 is primarily split into:

Originated From Agricultural Waste & Biomass
Originated From Synthetic Natural Gas

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Renewable Natural Gas market from 2018 to 2029 covers:

Building
Industry
Power Plant
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)