North America Bio-lng Market Size & Outlook, 2023-2030
North America bio-lng market, 2018-2030 (US$M)
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North America bio-lng market highlights
- The North America bio-lng market generated a revenue of USD 153.0 million in 2023.
- The market is expected to grow at a CAGR of 67% from 2024 to 2030.
- In terms of segment, municipal waste was the largest revenue generating source type in 2023.
- Organic Industrial Waste is the most lucrative source type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 153.0 million |
| Market revenue in 2030 | USD 5,543.8 million |
| Growth rate | 67% (CAGR from 2023 to 2030) |
| Largest segment | Municipal waste |
| Fastest growing segment | Organic Industrial Waste |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Organic Household Waste, Organic Industrial Waste, Municipal Waste |
| Key market players worldwide | Linde PLC, Shell PLC, TotalEnergies SE, Flogas Britain, DCC PLC, BoxLNG |
Other key industry trends
- In terms of revenue, North America region accounted for 11.1% of the global bio-lng market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,355.2 million by 2030.
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Bio-LNG Market Scope
Bio-LNG Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America bio-lng market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bio-lng market will help companies and investors design strategic landscapes.
Municipal waste was the largest segment with a revenue share of 44.25% in 2023. Horizon Databook has segmented the North America bio-lng market based on organic household waste, organic industrial waste, municipal waste covering the revenue growth of each sub-segment from 2018 to 2030.
The bio-LNG market in North America is rapidly growing, mainly due to favorable government policies, increasing demand for low-carbon fuels, and abundant natural gas resources. In recent years, countries in North America have implemented supportive government policies to encourage the adoption of low carbon fuels in the transportation sector.
For example, the Renewable Fuel Standard (RFS) in the United States mandates a minimum volume of renewable fuels, including bio-LNG, to be blended into the nation's transportation fuel supply. Similarly, the federal government of Canada has implemented the Clean Fuel Standard (CFS).
Which mandates fuel suppliers to reduce the carbon intensity of their products, including bio-LNG. The increasing demand for low-carbon fuels, particularly in the heavy-duty transport, is driving the growth of the bio-LNG market in North America.
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Our clientele includes a mix of bio-lng market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America bio-lng market , including forecasts for subscribers. This continent databook contains high-level insights into North America bio-lng market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America bio-lng market size, by country, 2018-2030 (US$M)
North America Bio-LNG Market Outlook Share, 2023 & 2030 (US$M)
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