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Synthetic Natural Gas Market worth $77.49 billion by 2030, growing at a CAGR of 23.11% - Exclusive Report by 360iResearch
Synthetic Natural Gas Market | 360iResearch
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Synthetic Natural Gas (SNG), also referred to as Substitute Natural Gas, is synthesized methane produced via gasification of feedstocks such as coal, biomass, and waste products, involving the conversion of these materials into syngas and subsequent methane production. SNG is crucial for providing energy security by reducing reliance on fossil fuel imports, addressing environmental concerns by lowering greenhouse gas emissions, and efficiently utilizing abundant resources. Applications of SNG include heating and power generation in systems requiring natural gas, alternative fuel for vehicles supporting clean energy, and industrial processes in manufacturing and chemical production. The end-use scope encompasses residential and commercial heating, electricity generation, transportation fuel, and industries such as chemical and petrochemical sectors. Key growth factors include stringent environmental regulations, technological advancements in gasification and methanation, emphasis on energy diversification, availability of feedstock, and government financial incentives for renewable energy projects. Potential opportunities lie in integrating Carbon Capture and Storage (CCS) to further reduce emissions, fostering cross-industry collaborations, and expanding into emerging markets with growing energy demands. Recommendations for seizing these opportunities include investing in research and development to enhance gasification methods and lower costs, implementing pilot projects, actively engaging policymakers, and increasing public and industry awareness about SNG benefits. Challenges impeding market growth include high initial investment costs, technological barriers in gasification, competitive pricing of natural gas, and regulatory hurdles. Areas of innovation and research span feedstock diversification, advancements in thermochemical conversion methods, integration with renewable energy sources, and waste-to-energy solutions. The SNG market nature is driven by a strong environmental focus, technological advancements, regulatory dependency, and high entry barriers, necessitating strategic investments and policy advocacy to achieve substantial growth.
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Market Segmentation & Coverage:
This research report categorizes the Synthetic Natural Gas Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Anaerobic Digestion & Fermentation, Entrained Flow Gasifier, Fluidized Bed Gasifier, Moving Bed Gasifier, Power-To-Gas, and Thermal Gasification.
Based on Application, market is studied across Grid injection, Industrial, Power generation, and Transportation.
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.
Key Company Profiles:
The report delves into recent significant developments in the Synthetic Natural Gas Market, highlighting leading vendors and their innovative profiles. These include ANGI Energy Systems Inc., Chevron Corporation, China National Petroleum Corp., Clean Energy Fuels Corp., CNG Fuels Ltd., Compass Natural Gas, Dakota Gasification Company, Equinor ASA, Exxon Mobil Corporation, Hexagon Composites ASA, Indraprastha Gas Limited, J-W Power Company, Luxfer Group, Mahanagar Gas Limited, NeoGas Inc., QatarEnergy, Quantum Fuel Systems LLC, Shell plc, Siemens AG, TotalEnergies SE, and Trillium Transportation Fuels, LLC.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Synthetic Natural Gas Market, by Technology
7. Synthetic Natural Gas Market, by Application
8. Americas Synthetic Natural Gas Market
9. Asia-Pacific Synthetic Natural Gas Market
10. Europe, Middle East & Africa Synthetic Natural Gas Market
11. Competitive Landscape
12. Competitive Portfolio
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About 360iResearch
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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.
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