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RENEWABLE NATURAL GAS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Renewable Natural Gas Market, By Feedstock (Landfill, Wastewater Treatment, Agricultural Waste, and Others), By Application (Vehicle Fuel, Power Generation, Pipeline Injection, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Online Retail, Specialty Stores, and Pharmacies/Drugstores), 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

Regional Analysis

Renewable Natural Gas Market Regional Insights

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North America has emerged as the dominant region in the global renewable natural gas market with an estimated 36.7% share in 2024. The U.S. has traditionally been at the forefront of adopting renewable and clean energy solutions. Strong policy support in the form of tax incentives, renewable fuel standards, and government mandates have promoted production and use of renewable natural gas over the last decade. Several large utilities and power producers have incorporated significant amounts of renewable gas into their fuel portfolio to meet environmental targets. An extensive pipeline network and distribution infrastructure allows for easy transportation of renewable gas from production sites to major demand centers across the country. With the highest capital investments and an established ecosystem of technology providers and project developers, North America accounts for the largest share of global renewable gas production capacity.

The Asia Pacific region is witnessing the fastest growth and has immense potential to become a frontrunner in the renewable natural gas market in the coming years. Countries like China, India, and Indonesia are aggressively promoting the adoption of cleaner fuels to address severe air pollution issues in their industrial and transportation sectors. Rapid economic expansion coupled with growing focus on reducing dependence on fossil fuel imports is driving strong government support for renewable energy projects. The availability of abundant feedstock from agricultural and municipal waste gives the region a distinct advantage. Furthermore, Asia Pacific has a young and expanding middle-class population which is expected to lead to considerable increase in energy demand that can potentially be met through domestic renewable gas production. Several initial pilot projects are underway and major infrastructure partnerships have been announced, which will help catapult the region to the top if backed by consistent policy mechanisms.

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