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Bio-LNG Market worth $15.60 billion by 2030, growing at a CAGR of 32.98% - Exclusive Report by 360iResearch

02-22-2024 08:09 AM CET | Energy & Environment

Press release from: 360iResearch

Bio-LNG Market | 360iResearch

Bio-LNG Market | 360iResearch

The "Bio-LNG Market by Source Type (Agricultural Waste, Municipal Waste, Organic Household Waste), Application (Power Generation, Transportation Fuel) - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Bio-LNG Market to grow from USD 2.12 billion in 2023 to USD 15.60 billion by 2030, at a CAGR of 32.98%.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/bio-lng?utm_source=openpr&utm_medium=referral&utm_campaign=sample

Bio-liquefied natural gas (Bio-LNG) is a renewable and sustainable form of liquefied natural gas (LNG) produced from organic or renewable sources. It's derived from biogas through a purification process that removes impurities such as carbon dioxide and other contaminants, resulting in a product that shares similar properties with traditional LNG. Bio-LNG is an environmentally friendly alternative to conventional LNG, as it's produced from renewable sources, significantly reducing greenhouse gas emissions compared to traditional fossil fuel-based LNG. It can be used similarly to regular LNG in various applications, including transportation, power generation, and heating. The increase in carbon neutrality initiatives and government incentives and subsidies fostering the adoption of Bio-LNG has increased the demand for bio-LNG. However, the high initial capital investment for production plant setup and complexities associated with the handling and transportation of LNG hinder market growth. Furthermore, advancements in biogas upgrading and liquefaction technologies and the development of modular and scalable bio-LNG production plants provide significant growth opportunities for the market.

In the Americas region, the demand for Bio-LNG is primarily driven by the transportation sector, emphasizing reducing carbon emissions from heavy-duty vehicles. The region has seen substantial investments in bio-LNG production facilities and fueling infrastructure. Customers are influenced by government incentives and the availability of renewable identification numbers (RINs) under the Renewable Fuel Standard (RFS). EU countries are leading in adopting bio-LNG, particularly in the maritime and heavy-duty transport sectors, fostered by stringent emission regulations. The EU's commitment to the Green Deal and various state-level incentives have spurred significant research and investment. Customers are motivated by both environmental compliance and the potential economic benefits of lower long-term fuel costs. While the Middle East is traditionally known for its oil and gas reserves, there is a growing interest in alternative fuels, including bio-LNG. The region is beginning to invest in research and pilot projects, driven by the dual desire to diversify energy sources and reduce the carbon footprint of its energy exports. Customer purchasing behaviors are still nascent and evolving in this region. In the APAC region, research initiatives explore novel feedstock sources and enhance bio-LNG operations' scalability. Considerable investment flows into new projects, particularly in India, China, and Japan, with supportive regulatory frameworks are increasing the demand for bio-LNG.

Market Segmentation & Coverage:

This research report categorizes the Bio-LNG Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Source Type, market is studied across Agricultural Waste, Municipal Waste, Organic Household Waste, and Organic Industrial Waste. The Organic Household Waste is projected to witness significant market share during forecast period.

Based on Application, market is studied across Power Generation and Transportation Fuel. The Power Generation is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 43.24% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Bio-LNG Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Bio-LNG Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Bio-LNG Market, highlighting leading vendors and their innovative profiles. These include Air Liquide S.A., Axegaz T&T, BoxLNG Pvt. Ltd., Bright Renewables B.V., Cryonorm BV, DBG Group B.V., DMT Environmental Technology, Flogas Britain Ltd., Hitachi Zosen Inova AG, Linde PLC, MEGA a.s., Nordsol, Pentair PLC, RUHE Biogas Service GmbH, Shell PLC, Titan LNG, TotalEnergies, and Wärtsilä Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Bio-LNG Market, by Source Type
7. Bio-LNG Market, by Application
8. Americas Bio-LNG Market
9. Asia-Pacific Bio-LNG Market
10. Europe, Middle East & Africa Bio-LNG Market
11. Competitive Landscape
12. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Bio-LNG Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Bio-LNG Market?
3. What is the competitive strategic window for opportunities in the Bio-LNG Market?
4. What are the technology trends and regulatory frameworks in the Bio-LNG Market?
5. What is the market share of the leading vendors in the Bio-LNG Market?
6. What modes and strategic moves are considered suitable for entering the Bio-LNG Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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