Press release
Global Hydrogen (H2) + Renewable Natural Gas (RNG) Fueling Infrastructure Market to Reach $57.84 Billion by 2029, Growing at 27.5% CAGR
Hydrogen H2 + Renewable Natural Gas RNG Fueling Infrastructure
The surge in the need for renewable energy sources is predicted to boost the hydrogen (H2) + renewable natural gas (RNG) fueling infrastructure market's expansion in the coming years. In contrast to non-renewable resources, renewable energy resources are naturally replenished within human lifetimes and can be harnessed continuously without exhausting them. The attraction towards renewable energy arises from environmental concerns, governmental regulations, and climate objectives. The infrastructure for hydrogen (H2) + renewable natural gas (RNG) fueling is utilized by these renewable resources to generate, stockpile, and disseminate renewable hydrogen and natural gas. This facilitates the decrease in reliance on fossil fuels and reduces emissions, enabling environmentally-friendly transportation and energy production. For instance, as reported by Eurostat, a government agency based in Luxembourg, in 2022, the energy consumed in the European Union consisted of 23.0% from renewable sources, a rise from 21.9% in the previous year. Hence, the escalating requirement for renewable energy is propelling the growth of the hydrogen (H2) + renewable natural gas (RNG) fueling infrastructure market.
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What is the projected compound annual growth rate (CAGR) of the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market from 2025 to 2034, and what factors influence it?
The market size of the hydrogen (H2) + renewable natural gas (RNG) fueling infrastructure has seen substantial growth recently. It is predicted to expand from $17.41 billion in 2024 to $21.89 billion in 2025, with a compound annual growth rate (CAGR) of 25.7%. The notable growth during the historic period can be linked to the rise in hydrogen fuel production powered by solar, improved efficiency of solar panels and electrolyzers, heightened efforts by both public and private corporations, supportive government policies and incentives, and the escalated demand for environmentally friendly fuel alternatives.
The market size for hydrogen (H2) and renewable natural gas (RNG) fueling infrastructure is anticipated to experience significant growth in the forthcoming years, expanding to $57.84 billion by 2029 with a compound annual growth rate (CAGR) of 27.5%. The amplified growth in the forecast period can be linked to the worldwide emphasis on the reduction of greenhouse gas emissions, the surge in demand for unsoiled power, the accelerating acceptance of hydrogen-fueled vehicles, the expansion of renewable energy resources, and the surge in investment in hydrogen refueling frameworks. Key trends during the projected period include technological progression, establishment of hydrogen hubs, formulation of standardized safety measures, innovative product ideas, and advancements in efficient production of hydrogen.
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How are the latest trends influencing the growth of the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market?
Key players in the hydrogen (H2) and renewable natural gas (RNG) refueling infrastructure market are concentrating on creating novel solutions such as high-grade hydrogen production systems. The aim is to increase efficiency, decrease costs, and drive the evolution towards a low-carbon, sustainable energy ecosystem. These systems, characterized by their intricate technology, are intended to generate hydrogen in an eco-friendly and efficient manner. They promote a cleaner, more versatile solution to hydrogen production and endorse its wider application as an energy resource. For example, in August 2022, Southern California Gas Company (SoCalGas), an American utility firm, introduced H2 SilverSTARS. This pioneering hydrogen production system, located at the SunLine Transit Agency in Thousand Palms, California, aims to generate eco-friendly hydrogen derived from renewable natural gas (RNG) for SunLine's hydrogen fuel cell-powered buses. Capable of producing up to 80 kilograms of clean hydrogen daily, the H2 SilverSTARS will cater to three SunLine buses with zero emissions. The portable system features inexpensive 3D-printed reactor disks and heat exchangers for easy installation at refueling stations, thereby accommodating demand and furthering climate and clean air objectives.
What are the major segments of the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market and their role in driving growth?
The hydrogen (H2) + renewable natural gas (RNG) fueling infrastructure market covered in this report is segmented -
1) By Type: Hydrogen Production Facilities, Hydrogen Storage Facilities, Hydrogen Transportation Infrastructure, Hydrogen Refueling Stations, Other Infrastructures
2) By Production: Steam Methane Reforming, Coal Gasification, Electrolysis, Other Production
3) By Storage: Compression, Liquefaction, Material Based
Subsegments:
1) By Hydrogen Production Facilities: Electrolysis Plants, Steam Methane Reforming (SMR) Facilities, Biomass Gasification Units
2) By Hydrogen Storage Facilities: Compressed Hydrogen Storage, Liquid Hydrogen Storage, Metal Hydride Storage Systems
3) By Hydrogen Transportation Infrastructure: Pipeline Networks, Tube Trailers, Delivery Tankers
4) By Hydrogen Refueling Stations: On-Site Refueling Stations, Mobile Refueling Units, Public Hydrogen Refueling Stations
5) By Other Infrastructures: Renewable Natural Gas (RNG) Production Facilities, Integrated H2 and RNG Systems, Fuel Cell Charging Infrastructure
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Which regions are key players in the growth of the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market?
Asia-Pacific was the largest region in the hydrogen (H2) + renewable natural gas (RNG) fueling infrastructure market in 2024. The regions covered in the hydrogen (H2) + renewable natural gas (RNG) fueling infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market?
Major companies operating in the hydrogen (H2) + renewable natural gas (RNG) fueling infrastructure market are TotalEnergies SE, BP p.l.c., Siemens AG, Iberdrola S.A., Thyssenkrupp AG, Linde PLC, Air Liquide S.A., Cummins Inc., Air Products and Chemicals Inc., Chart Industries Inc., Plug Power Inc., Nel ASA, FuelCell Energy Inc., Ballard Power Systems Inc., FASTECH, Green Hydrogen Systems A/S, McPhy Energy S.A., Hydrogenics Corporation, H2 Mobility Deutschland GmbH & Co. KG, Hyzon Motors Inc.
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What Is Covered In The Hydrogen (H2) + Renewable Natural Gas (RNG) Fueling Infrastructure Global Market Report?
•Market Size Forecast: Examine the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market for a structured understanding.
•Key Players Overview: Analyze major players in the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market.
•Industry Challenges: Identify potential risks and obstacles affecting the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market.
•Competitive Landscape: Review strategic developments in the hydrogen (h2) + renewable natural gas (rng) fueling infrastructure market, including expansions, agreements, and new product launches.
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