Product ID: SQMIG55F2041
Global Renewable Natural Gas Market Size, Share, Growth Analysis, By Source(Agricultural RNG Resource, Sewage & Wastewater RNG Resource), By Application(Electricity Generation, Vehicle Fuel) - Industry Forecast 2024-2031
Report ID:
SQMIG55F2041 |
Region:
Global |
Published Date: March, 2024
Pages:
182
|
Tables:
64 |
Figures:
75
Global Renewable Natural Gas Market Regional Insights
The global market for renewable natural gas (RNG) reflects a mosaic of regional insights shaped by a blend of geographical, economic, policy, and technological factors. Within this landscape, North America has notably risen as a prominent player in the RNG sector. Both the United States and Canada have witnessed significant strides in RNG development, bolstered by their robust natural gas infrastructure, conducive policy frameworks, and growing commitment to decarbonization. Government incentives like the U.S. Renewable Fuel Standard (RFS) and Canada's provincial initiatives have been instrumental in propelling RNG production. The abundance of agricultural and waste resources in these nations serves as a robust feedstock base for RNG generation, with landfills emerging as a substantial contributor.
Moving towards Europe, the continent stands as a frontrunner in the adoption of renewable energy and has embraced a notable surge in RNG initiatives. The European Union's Renewable Energy Directive sets the stage for renewable energy assimilation, urging member states to diversify their energy portfolios. Nations such as Germany, France, and Sweden have paved the way in RNG production, predominantly sourced from agricultural waste and sewage. The strategic integration of RNG into existing natural gas networks is pivotal in advancing Europe's shift towards a carbon-light energy ecosystem.
Meanwhile, the Asia-Pacific region is undergoing a burgeoning interest in RNG, driven by the pressing need to address air quality concerns and curtail greenhouse gas emissions. Countries like China, Japan, and South Korea are actively exploring RNG as a means to transition away from fossil fuels and enhance air quality standards. However, despite the burgeoning curiosity, the market is still at an early stage of development, grappling with challenges linked to feedstock availability, infrastructure readiness, and regulatory backing.
Global Renewable Natural Gas Market Report Snapshots
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