Renewable Natural Gas Market Projected to Hit $31.55 Billion by 2034
Event summary
- The global renewable natural gas (RNG) market is expected to grow at a CAGR of 8.32% from 2025 to 2034, reaching $31.55 billion by 2034.
- The market was valued at approximately $14.87 billion in 2024.
- Compressed renewable natural gas (C-RNG) dominates the market with a 65% share due to its compatibility with existing natural gas vehicle fleets.
- Landfill gas is the leading source segment, accounting for 45% of the market share.
The big picture
The renewable natural gas market is being propelled by rising environmental awareness and government support for low-carbon fuel standards. The market's growth is driven by the need to capture harmful atmospheric methane discharges from municipal solid landfills, large-scale livestock operations, and agricultural runoff sites. However, high initial capital investments and logistical supply chain challenges pose significant hurdles.
What we're watching
- Regulatory Support
- Whether government mandates and financial incentives will continue to drive market growth.
- Technological Innovation
- How advancements in gasification technology will expand the feedstock pool and reduce costs.
- Competitive Pressures
- The impact of competing zero-emission technologies like green hydrogen and electric vehicles on RNG demand.
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