Kings Research today announced the release of its latest market intelligence study, “Global Green Methane Market: Size, Share, Trends & Forecast 2024–2031.” The report provides an extensive overview of market dynamics, offering insights into growth projections, regulatory trends, and competitive benchmarking. It highlights the rising role of renewable methane as governments and businesses accelerate their carbon neutrality agendas.
According to Kings Research, the global Green Methane Market was valued at USD 2,820.2 million in 2023 and is projected to grow from USD 3,253.9 million in 2024 to USD 9,059.7 million by 2031, expanding at a compound annual growth rate (CAGR) of 15.75% during the forecast period. This growth reflects a steady rise in demand for renewable natural gas (RNG), as industries, utilities, and transport operators look to replace fossil-derived natural gas with greener alternatives.
Green methane, also known as renewable methane or synthetic natural gas (SNG), is a sustainable fuel produced either by upgrading biogas or by combining renewable hydrogen with captured carbon dioxide (CO₂) in a methanation process. It is chemically indistinguishable from conventional natural gas, which means it can be injected directly into existing pipelines, storage systems, and industrial applications without costly infrastructure upgrades.
As energy transition strategies accelerate worldwide, green methane offers a unique advantage. Unlike many new energy carriers that require new supply chains, renewable methane leverages established gas grids, power generation units, and transportation systems. This makes it a bridge solution—enabling rapid decarbonization while ensuring reliability and scalability. With governments and corporations committing to net-zero targets, interest in green methane is gaining strong momentum.
Kings Research identifies several accelerators shaping the global green methane market:
- Expansion of Biomethane Capacity in Europe:
Europe remains at the forefront of renewable methane adoption. As of early 2024, the region had 1,548 biomethane plants with an annual production capacity of 6.4 billion cubic meters (bcm). This represented a 37% increase compared to 2021, reflecting unprecedented investment in biogas upgrading infrastructure. (Source: https://bioenergyinternational.com/)
- Rising Production Volumes:
Biomethane production in Europe reached 4.9 bcm in 2023, according to the European Biogas Association, marking a significant milestone as EU member states push for renewable alternatives to imported natural gas (Source: https://bioenergyinternational.com/).
- Government Policy Incentives:
In the United States, the Environmental Protection Agency (EPA) administers the Renewable Fuel Standard (RFS), which mandates blending renewable fuels like RNG into the national fuel mix. Additionally, California’s Low Carbon Fuel Standard (LCFS) has created strong demand for renewable methane in heavy-duty transport fleets. These programs have made the U.S. one of the fastest-growing RNG markets globally.
- Methane Emissions Reduction Funding:
The U.S. Department of Energy’s Methane Emissions Reduction Program (MERP), supported by the Inflation Reduction Act, is allocating USD 1.36 billion toward methane monitoring and mitigation. This provides a regulatory tailwind for green methane adoption by incentivizing the capture and utilization of methane emissions (Source: https://netl.doe.gov/).
- Transportation Fuel Transition:
RNG is gaining traction in transportation, particularly in heavy-duty trucking and fleet operations. According to the EPA, RNG injected into pipelines typically achieves 96–98% methane content, making it a high-quality substitute for fossil gas (Source: https://www.epa.gov/). Companies like Clean Energy Fuels and BP are scaling fueling stations across the U.S., supporting the decarbonization of logistics networks.
For corporate decision-makers—including CEOs, energy strategists, and sustainability officers—the green methane market presents compelling value:
- Carbon Reduction: Lifecycle greenhouse gas emissions can be reduced by up to 80% compared to fossil natural gas.
- Infrastructure Compatibility: No major retrofits required—renewable methane can flow seamlessly through pipelines, storage tanks, and end-user equipment.
- Circular Economy Benefits: Transforms organic waste streams into high-value energy while preventing methane leaks from landfills.
- Energy Security: Enhances domestic energy resilience by reducing reliance on imported gas.
- Scalable Deployment: Applicable in power generation, heating, chemicals, and transportation, enabling diverse use cases.
Regional Outlook
- North America: Holds a significant market share, underpinned by supportive policies such as the EPA’s RFS program and California’s LCFS. The U.S. already has a major number of RNG projects in operation, with dozens more under development, positioning the region as a leader in transport and power sector adoption.
- Asia-Pacific (APAC): Expected to be the fastest-growing region, with aggressive targets for biogas and RNG development. India aimed to set up 5,000 compressed biogas plants by FY 2023-24 under its SATAT (Sustainable Alternative Towards Affordable Transportation) initiative, while China continues to integrate green gas into its renewable energy mix (Source: https://www.pib.gov.in/).
Competitive Landscape:
The competitive landscape is characterized by rapid capacity expansion, partnerships, and technological innovation. Major players include EnviTec Biogas AG, Future Biogas Ltd, Weltec Biopower GmbH, AB Holding SpA, Ameresco, Renergon International AG, PlanET Biogas Group, OCI, Carbon Recycling International, Clean Energy Fuels, BP p.l.c., Verbio SE, Vanguard Renewables, J V Energen LLP, and Gasrec. These companies are investing in new biomethane facilities, scaling power-to-gas technologies, and forging partnerships with utilities and governments to expand global reach.
The complete Kings Research report provides granular segmentation by type, application, and region, along with detailed competitive benchmarking. To request a sample, access the full report, or explore custom consulting services, please visit https://www.kingsresearch.com/green-methane-market-1423.
About Kings Research
Kings Research is a global provider of syndicated research reports and consulting services, enabling organizations to navigate emerging markets, evaluate opportunities, and make informed business decisions with confidence.
All market data are sourced from Kings Research proprietary analysis, validated against credible government publications and peer-reviewed research. References include U.S. Environmental Protection Agency – Renewable Natural Gas Program, U.S. Department of Energy – Methane Emissions Reduction Program, European Biogas Association / Bioenergy International – Biomethane Statistics, andGovernment of India – SATAT Biogas Initiative.