Saudi Arabia Bio-lng Market Size & Outlook, 2023-2030
Saudi Arabia bio-lng market, 2018-2030 (US$M)
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Saudi Arabia bio-lng market highlights
- The Saudi Arabia bio-lng market generated a revenue of USD 61.1 million in 2023 and is expected to reach USD 199.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 18.4% 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.
Bio-lng market data book summary
| Market revenue in 2023 | USD 61.1 million |
| Market revenue in 2030 | USD 199.7 million |
| Growth rate | 18.4% (CAGR from 2023 to 2030) |
| Largest segment | Municipal waste |
| Fastest growing segment | Organic Industrial Waste |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 4.4% of the global bio-lng market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia bio-lng market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 171.5 million by 2030.
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Bio-LNG Market Scope
Bio-LNG Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 39.44% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia emerged as one of the potential bio-LNG markets across the Middle East owing to the presence of an abundance of solid waste generated through households, industries, and various other sources.
According to EcoMENA, in 2022, Saudi Arabia generated about 15 million tons of waste yearly, due to increasing population and rapid industrialization. The waste generation rate is anticipated to reach 30 million tons by 2030.
Additionally, the waste generated by the country, if treated, is expected to generate 3 TWh of electricity per year. This is expected to foster the adoption of bio-LNG in the country over the forecast period.
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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 country-level data and insights on the Saudi Arabia bio-lng market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia bio-lng market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia bio-lng market size, by source type, 2018-2030 (US$M)
Saudi Arabia Bio-LNG Market Outlook Share, 2023 & 2030 (US$M)
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