Synthetic Natural Gas Market Size, Share, Trends, Demand, Segments, Leading Companies and Forecast till 2031
Synthetic Natural Gas Market Size, Share, Trends, Demand, Segments, Leading Companies and Forecast till 2031
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Synthetic Natural Gas Market Size, Share, Trends, Demand, Segments, Leading Companies and Forecast till 2031
Synthetic natural gas (SNG) market is anticipated to grow at a significant CAGR of 13.8% during the forecast period (2024-2031). The market growth is attributed to the increasing Innovation in waste management and a rise in government efforts to spend heavily on the development of renewable energy sources to reduce carbon emissions and provide a steady supply globally. Natural gas equipment can continue to run by using gasification, which is a common on-site industrial process that produces electricity and SNG from a coal source.
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Synthetic natural gas as a transport fuel offers important benefits to consumers, the environment, and the economy. It provides a quick and cost-effective way to meet key objectives, including decarbonizingdecarbonizing road transport and improving air quality in cities. SNG can replace fossil fuels with a low-carbon or even carbon-free alternative, depending on the source of fuel. In all applications, it can be combined and utilized in place of natural gas. SNG that has been compressed or liquefied can be moved or kept in the gas infrastructure. Synthetic natural gas also offers important synergies with biomethane from waste and biomass or synthetic gas produced using wind and solar energy. When using renewable gas, quasi-carbon-neutral mobility is achieved without any impact on the infrastructure and vehicle technology.
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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Global Synthetic Natural Gas Market Report Segment
By Technology
Anaerobic digestion & fermentation
Power-to-gas
Thermal gasification
Moving bed gasifier
Fluidized bed gasifier
Entrained flow gasifier
Others (Steam Reforming)
By Source
Coal
Biomass
Renewable energy
By Application
Transportation
Power generation
Industrial
Grid injection
Global Synthetic Natural Gas Market Report Segment by Region
North America
United States
copyright
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa
The Report Covers
Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global synthetic natural gas market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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