Global Substitute Natural Gas Market By Source (Coal, Oil, Biomass, Solid Waste, and Others), Application (Transportation, Energy, Residential Heating, Industrial and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Substitute Natural Gas Market
Data Bridge Market Research analyses that the substitute natural gas market will witness a CAGR of 9.60% for the forecast period of 2021-2028. Increase in demand for substitute natural gas for a wide range of applications such as transportation, energy, residential heating, industrial, and others, increasing government initiatives for a greener environment, growth and expansion of various end-user verticals, and surge in industrialization, especially in the developing countries are the significant factors attributable to the development of the substitute natural gas market.
Also known as synthetic natural gas, substitute natural gas is produced from renewable sources and fossil fuels. Coal and biofuels are the two common sources for obtaining or producing substitute natural gas through five processes, namely underground hydrogasification, underground steam-oxygen gasification, hydrogasification, catalytic steam gasification, and steam-oxygen gasification. The substitute natural gas is a substitute to natural gas because natural gas is expensive in nature.
The rise in the demand for substitute natural gas by various end-user verticals owing to the rising focus towards achieving a green environment is the root cause fuelling up the market growth rate. Rising urbanization and restricted supply, and the high price of natural gas are other factors responsible for propelling growth in the substitute natural gas market value. Rising industrialization coupled with increasing demand for substitute natural gas for marine applications will also directly and positively impact the growth rate of the substitute natural gas market. Rising demand for passenger vehicles on the roads and increased disposable income are some other important but indirect substitute natural gas market growth determinants.
However, high prices of fossil fuels owing to the usage of aluminum nitride will act as a big time challenge to the substitute natural gas market. Also, fluctuations or volatility in the prices of raw materials will dampen the substitute natural gas market growth rate. Further high investment required to set up substitute natural gas plants will further derail the market growth rate.
This substitute natural gas market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the substitute natural gas market, contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Global Substitute Natural Gas Market Scope and Market Size
The substitute natural gas market is segmented based on source and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of source, the substitute natural gas salt market is segmented into coal, oil, biomass, solid waste, and others.
- On the basis of application, the substitute natural gas market is segmented into transportation, energy, residential heating, industrial, and others. The transportation segment is sub-segmented into automotive, agricultural vehicles, marine, railways, aviation, and others. The automotive segment is further bifurcated into passenger cars, two/ three-wheelers, and commercial vehicles.
Global Substitute Natural Gas Market Country Level Analysis
The substitute natural gas market is analyzed and market size, volume information is provided by country, source, and application referenced above.
The countries covered in the substitute natural gas market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the substitute natural gas market and will continue to flourish its trend of dominance during the forecast period. China, India, and Japan will emerge as the major contributors from this region owing to the rise in demand for substitute natural gas for industrial and commercial applications. The abundant availability of raw materials is one of the major factors fostering market growth in this region. The growth of end user industries in the region will also drive the market growth rate.
The country section of the substitute natural gas market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import-export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Substitute Natural Gas Market Share Analysis
The substitute natural gas market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to substitute natural gas market.
The major players covered in the substitute natural gas market report are Basin Electric Power Cooperative, Zentrum für Sonnenenergie- und Wasserstoff-Forschung Baden-Württemberg, Air Liquide, TransTech Energy, L.L.C., National Gas Company., Dakota Gasification Company, National Iranian Gas Company, Indraprastha Gas Limited, Shell group of companies, Gazprom, NEOgás, Trillium Transportation Fuels, L.L.C., Exxon Mobil Corporation., B.P., Total, Chevron Corporation., Eni S.p.A., ConocoPhillips Company, Cabot Oil & Gas Corporation, Southwestern Energy Company. Among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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