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COVID-19 is Impacting the Global Substitute Natural Gas Market 2020 | Major players are Basin Electric Power Cooperative, Zentrum fur Sonnenenergie- und Wasserstoff-Forschung Baden-Wurttemberg, Air Liquide, TransTech Energy, LLC and National Gas Company

05-05-2020 12:27 PM CET | Industry, Real Estate & Construction

Press release from: Data Bridge Market Research

Global Substitute Natural Gas Market

Global Substitute Natural Gas Market

Global Substitute Natural Gas survey provides key information about the industry, including very helpful and important facts and figures, expert opinions, and the latest developments across the globe. The report on the Global market is an important document for every market enthusiast, policymaker, investor, and player. The report provides with CAGR value fluctuation during the forecast period of 2020-2026 for the market. The Substitute Natural Gas Market Reports provides data on patterns and improvements, and target business sectors and materials, limits and advancements. In this report, thorough SWOT analysis & investment analysis is provided which forecasts imminent opportunities for the Substitute Natural Gas market players. Few of the major competitors currently working in global substitute natural gas market are Basin Electric Power Cooperative, Zentrum fur Sonnenenergie- und Wasserstoff-Forschung Baden-Wurttemberg, Air Liquide, TransTech Energy, LLC and National Gas Company among others.

Market Analysis:

Global substitute natural gas market is expected to register a substantial CAGR of 9.6% in the forecast period of 2019-2026. The rise in the market value can be attributed to the increasing government initiatives for a greener environment and high price of natural gas.

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Key Developments in the Market:

In June 2018, GAIL and IOCL are planning to set up two new synthetic natural gas (SNG) projects in Odisha, India. GAIL will set up their project at Talcher, while, IOCL will set up their project at Paradip. The new projects will help the companies to penetrate in the SNG market, giving new avenues for them to grow in future
In May 2018, Karlsruhe Institute of Technology (KIT) have launched renewable methane from a biomass-based synthesis gas mixture with the help of honeycomb catalyst in their pilot plant for methanation. The synthetic natural gas (SNG) produced by it shows similar properties to that of fossil natural gas. This launch will help to improve honeycomb methanation and for optimizing the catalysts for the use in large facilities

Global Substitute Natural Gas Market By Source (Coal, Oil, Biomass, Solid Waste, Others), Application (Transportation (Automotive (Passenger Cars, Two/Three Wheelers, Commercial Vehicles), Agricultural Vehicles, Marine, Railways, Aviation, Others), Energy, Residential Heating, Industrial, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026

Market Drivers:

Rising requirement for substitute natural gas (SNG) from Asia-Pacific region is expected to drive the market in the forecast period
Increasing government initiatives for environmental greenery is a driver for this market
Restricted supply and high price of natural gas is boosting the market growth
Increased demand of substitute natural gas for various applications, will also propel the market growth

Market Restraints:

High initial investment for the installation of SNG plant is expected to restrain the market in the forecast period
Increase in prices of fossil fuel due to the high usage of aluminium nitride, will also hampers the market growth

Competitive Analysis:

Global substitute natural gas market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of substitute natural gas market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Segmentation: Global Substitute Natural Gas Market

By Source

Coal
Oil
Biomass
Solid Waste
Others

By Application

Transportation
Automotive
Passenger Cars
Two/Three Wheelers
Commercial Vehicles
Agricultural Vehicles
Marine
Railways
Aviation
Others
Energy
Residential Heating
Industrial
Others

Research objectives

To perceive the most influencing pivoting and hindering forces in Substitute Natural Gas Market and its footprint in the international market.
Learn about the market policies that are being endorsed by ruling respective organizations.
To gain a perceptive survey of the market and have an extensive interpretation of the Substitute Natural Gas Market and its materialistic landscape.
To understand the structure of Substitute Natural Gas Market by identifying its various sub segments.
Focuses on the key global Substitute Natural Gas Market players, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Substitute Natural Gas Market submarkets, with respect to key regions (along with their respective key countries).
To strategically profile the key players and comprehensively analyze their growth strategies
To analyze the Substitute Natural Gas Market with respect to individual growth trends, future prospects, and their contribution to the total market.

Market Definition: Global Substitute Natural Gas Market

Substitute natural gas or also called as synthetic natural gas (SNG) is a fuel gas that is produced from fossil fuels and renewable sources such as coal and biofuels. They are ideal for transmission in natural gas pipelines and serves as a substitute for natural gas. SNG is produced by the gasification of biomass and coal, after which methanation is done. They can be converted from coal through five processes which are underground hydrogasification, underground steam-oxygen gasification, hydrogasification, catalytic steam gasification and steam-oxygen gasification.

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Key Developments in the Market:

In June 2018, GAIL and IOCL are planning to set up two new synthetic natural gas (SNG) projects in Odisha, India. GAIL will set up their project at Talcher, while, IOCL will set up their project at Paradip. The new projects will help the companies to penetrate in the SNG market, giving new avenues for them to grow in future
In May 2018, Karlsruhe Institute of Technology (KIT) have launched renewable methane from a biomass-based synthesis gas mixture with the help of honeycomb catalyst in their pilot plant for methanation. The synthetic natural gas (SNG) produced by it shows similar properties to that of fossil natural gas. This launch will help to improve honeycomb methanation and for optimizing the catalysts for the use in large facilities

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved

Contact:

Data Bridge Market Research

US: +1 888 387 2818

UK: +44 208 089 1725

Hong Kong: +852 8192 7475

Email: Corporatesales@databridgemarketresearch.com

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.??

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