Renewable Natural Gas, Global Market Size Forecast, Top 16 Players Rank and Market Share (Internet Services - Other Internet Services)
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Item ID 2578741 in Category: Internet Services - Other Internet Services
Renewable Natural Gas, Global Market Size Forecast, Top 16 Players Rank and Market Share | |
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. A biogas is a gaseous form of methane obtained from biomass. By upgrading the quality to that of natural gas, it becomes possible to distribute the gas to customers via the existing gas grid within existing appliances. According to the new market research report “Global Renewable Natural Gas Market Report 2023-2029”, published by QYResearch, the global Renewable Natural Gas market size is projected to reach USD 80.61 billion by 2029, at a CAGR of 32.3% during the forecast period. Market Drivers: 1. Environmental protection and climate change: Concerns about climate change and environmental issues are increasing, and governments and businesses are seeking ways to reduce greenhouse gas emissions. 2. Policy support and regulatory promotion: Many countries and regions encourage the development of renewable energy through regulations and policies 3. Energy security and diversification: Reduce reliance on conventional natural gas imports and increase energy security through indigenous or local renewable natural gas production. 4. Sustainability of biomass resources: Using resources such as agricultural waste, municipal solid waste, and organic waste generated from sewage treatment, the production of renewable natural gas has a certain degree of sustainability and helps reduce waste disposal problems. 5. Technological innovation and cost reduction: As technology develops, the cost of producing renewable natural gas gradually decreases, making it more competitive. 6. Market demand in the energy industry: Due to the increasing demand for low-carbon and renewable energy, the market demand for renewable natural gas in the energy industry is gradually expanding. 7. Corporate Social Responsibility (CSR): An increasing number of companies are considering renewable energy as part of their sustainability and social responsibility strategies. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
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2024-11-21 (0.387 sec)