Global Synthetic Natural Gas Market Size Study, by Technology, by Application and Regional Forecasts 2022-2032

Description

The Global Synthetic Natural Gas Market is valued approximately at USD 20.75 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 22.0% over the forecast period 2024-2032. Synthetic natural gas (SNG) is an engineered substitute for conventional natural gas, created through gasification processes that convert carbon-based feedstocks like coal, biomass, or municipal solid waste into a methane-rich gas. This SNG can seamlessly replace traditional natural gas in heating, electricity generation, and transportation, benefiting from reduced greenhouse gas emissions and bolstered energy security by diversifying fuel sources. SNG's compatibility with existing natural gas infrastructure adds to its appeal as a versatile component in the transition towards a sustainable energy future.

The market is expected to witness significant growth driven by the global focus on reducing greenhouse gas emissions and the increasing demand for clean, sustainable energy sources. Advances in gasification and synthetic fuel production technologies, coupled with government incentives and regulations promoting renewable energy, are propelling market growth. However, the high initial capital investment for gasification plants and technical challenges in SNG production may impede market progress. Conversely, integrating SNG production with carbon capture and storage (CCS) technologies to further reduce emissions, along with the potential for SNG exports to regions lacking natural gas resources, presents substantial growth opportunities.

The transportation segment held the largest market share and is expected to maintain its dominance throughout the forecast period due to the urgent need to reduce vehicle emissions to combat air pollution and climate change. SNG, as a cleaner alternative fuel to gasoline and diesel, can be produced from various feedstocks, including renewables like biomass and waste materials, offering a sustainable energy solution. Moreover, SNG's compatibility with existing natural gas infrastructure facilitates its integration into transportation systems, supporting the transition to cleaner fuels for vehicles ranging from buses and trucks to ships. As global regulations on emissions tighten and cleaner fuel incentives increase, the demand for SNG in transportation is poised to grow significantly.

Europe dominates as the largest market for synthetic natural gas, driven by the region's stringent energy and environmental policies. With ambitious climate targets outlined in initiatives like the European Green Deal and the Paris Agreement, Europe is actively seeking renewable and low-carbon energy solutions. SNG, produced from renewable sources or through power-to-gas processes, aligns with these goals, offering a sustainable alternative to traditional natural gas. Europe's dense population and extensive transportation networks further enhance the demand for cleaner fuels like SNG, supporting its use across heating, industry, and transportation sectors. The region's established natural gas infrastructure and regulatory frameworks also facilitate SNG adoption, ensuring robust market demand as Europe continues its transition towards a sustainable energy future. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period.

Major market players included in this report are:

Air Liquide
Ameresco
Basin Electric Power Cooperative
Chevron Corporation
E. ON SE
Brightmark
EnviTec Biogas AG
Kinder Morgan
OPAL Fuels
Shell
TotalEnergies
Verbio SE
Waga Energy

The detailed segments and sub-segment of the market are explained below:

By Technology:

Power-to-gas
Thermal Gasification
Anaerobic Digestion & Fermentation
Other Technologies

By Application:

Grid Injection
Industrial
Power Generation
Transportation

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Synthetic Natural Gas (SNG) Market Executive Summary

1.1. Global Synthetic Natural Gas Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Technology
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Synthetic Natural Gas (SNG) Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Synthetic Natural Gas (SNG) Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Focus on Reducing Greenhouse Gas Emissions
- 3.1.2. Growing Demand for Clean and Sustainable Energy Sources
3.2. Market Challenges
- 3.2.1. High Initial Capital Investment
- 3.2.2. Technical Challenges and Complexities in SNG Production
3.3. Market Opportunities
- 3.3.1. Integration with Carbon Capture and Storage (CCS) Technologies
- 3.3.2. Rising Potential for SNG Exports

Chapter 4. Global Synthetic Natural Gas (SNG) Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Synthetic Natural Gas (SNG) Market Size & Forecasts by Technology 2022-2032

5.1. Segment Dashboard
5.2. Global Synthetic Natural Gas Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Power-to-gas
- 5.2.2. Thermal Gasification
- 5.2.3. Anaerobic Digestion & Fermentation
- 5.2.4. Other Technologies

Chapter 6. Global Synthetic Natural Gas (SNG) Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Synthetic Natural Gas Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Grid Injection
- 6.2.2. Industrial
- 6.2.3. Power Generation
- 6.2.4. Transportation

Chapter 7. Global Synthetic Natural Gas (SNG) Market Size & Forecasts by Region 2022-2032

7.1. North America Synthetic Natural Gas (SNG) Market
- 7.1.1. U.S. Synthetic Natural Gas Market
  - 7.1.1.1. Technology breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Synthetic Natural Gas Market
7.2. Europe Synthetic Natural Gas (SNG) Market
- 7.2.1. U.K. Synthetic Natural Gas Market
- 7.2.2. Germany Synthetic Natural Gas Market
- 7.2.3. France Synthetic Natural Gas Market
- 7.2.4. Spain Synthetic Natural Gas Market
- 7.2.5. Italy Synthetic Natural Gas Market
- 7.2.6. Rest of Europe Synthetic Natural Gas Market
7.3. Asia-Pacific Synthetic Natural Gas (SNG) Market
- 7.3.1. China Synthetic Natural Gas Market
- 7.3.2. India Synthetic Natural Gas Market
- 7.3.3. Japan Synthetic Natural Gas Market
- 7.3.4. Australia Synthetic Natural Gas Market
- 7.3.5. South Korea Synthetic Natural Gas Market
- 7.3.6. Rest of Asia Pacific Synthetic Natural Gas Market
7.4. Latin America Synthetic Natural Gas (SNG) Market
- 7.4.1. Brazil Synthetic Natural Gas Market
- 7.4.2. Mexico Synthetic Natural Gas Market
- 7.4.3. Rest of Latin America Synthetic Natural Gas Market
7.5. Middle East & Africa Synthetic Natural Gas (SNG) Market
- 7.5.1. Saudi Arabia Synthetic Natural Gas Market
- 7.5.2. South Africa Synthetic Natural Gas Market
- 7.5.3. Rest of Middle East & Africa Synthetic Natural Gas Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Air Liquide
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Ameresco
- 8.3.3. Basin Electric Power Cooperative
- 8.3.4. Chevron Corporation
- 8.3.5. E. ON SE
- 8.3.6. Brightmark
- 8.3.7. EnviTec Biogas AG
- 8.3.8. Kinder Morgan
- 8.3.9. OPAL Fuels
- 8.3.10. Shell
- 8.3.11. TotalEnergies
- 8.3.12. Verbio SE
- 8.3.13. Waga Energy

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes