Global Biomethane Market is driven by surging demand for electricity generation in the forecast period, 2023-2027.
According to TechSci Research report, “Biomethane Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027” The global biomethane market may show a robust growth in the forecast years, 2023-2027 with an anticipated CAGR value. The market growth can be attributed to the factors like increasing demands for power generation. Expanding end use industries and their demands for power and fuels are driving the growth of the global biomethane market in the upcoming five years. Increasing demand for electricity generation, due to growing consumption of electricity from residential, commercial, and industrial consumers is further supporting the growth of the global biomethane market in the next five years. Moreover, rising concerns regarding the degrading environmental conditions due to excessive use of non-renewable resources and excessive burning of fuel also facilitate the market growth. Increasing production of biogas and its upgradation to produce biomethane further substantiate the growth of the global biomethane market in the future five years. Additionally, increasing production of wastes, and its management by increasing landfills, livestock operations to produce biogas that is converted into biomethane also aid the growth of the global biomethane market in the forecast years through 2027. Green gas characteristics of biomethane a major factor behind the increasing utilization of biomethane instead of fossil fuels and thus support market growth. Government schemes, favorable plans, increasing investment in the production of biomethane, developing equipment, and infrastructure for the biomethane production also substantiate the growth of the global biomethane market in the forecast period.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on “Global Biomethane Market“
The global biomethane market segmentation is based on feedstock, production method, application, regional distribution, and competitive landscape. Based on feedstock, the market is bifurcated into organic household waste, animal manure, energy crops, agricultural waste, sewage sludge, industrial food processing waste, and others. Animal manure is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of increasing livestock operations. Waste productions due to animal culture, and growing animal culture practices are driving the growth of the segment along with the growth of the global biomethane market in the upcoming five years. Animal wastes have high concentrations of natural gas production capacity. Produced natural gas can be converted into biomethane thus supporting the growth. Also, the by products of the process are utilized as organic fertilizers for the field crops, thus aiding the production and market growth.
By production method, the market is differentiated between fermentation and gasification. Fermentation method for the production of biomethane is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of upgrading technologies. These upgrading technologies utilize the properties of the gases that are released during the fermentation to separate them. Some of these technologies include water scrubbing, membrane separation that accounts for 60% of biomethane production all around the world. Gasification is the process of thermal gasification where woody biomass is at initial stage broken down at 700 – 800℃ and high pressure in low oxygen environment. Gases like carbon monoxide, hydrogen and methane are produced that further undergoes purification process by removing any acidic and corrosive component and only biomethane is filtered out. Collected carbon monoxide and hydrogen are introduced with a catalyst to promote a reaction between the hydrogen and carbon monoxide or CO2 to produce methane.
Based on application, the market is fragmented into automotive, power generation, and others. Power generation is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on grounds of increasing demand for power from various end use industries. Increasing demand, further leads to higher production of energy to power industries, equipment, machinery, etc. Higher consumption of power along with the utilization of the advanced technologies and evolving product development further lead to the surge in the demand for the power and thus the demand for biomethane. Moreover. The automotive are also anticipated to register significant growth due to increasing utilization of biomethane to power automobiles. Increasing concerns over environment along with the increasing production of automobiles and surging demand for the personal and commercial vehicle further aid the growth of the global biomethane market in the future five years.
Some of the market players, dominating the global biomethane market are
- EnviTec Biogas AG
- CNG Services Ltd.
- Future Biogas Ltd.
- VERBIO AG
- ETW Energietechnik GmbH
- PlanET Biogas Global GmbH
- Gazasia Ltd.
- Gasrec Ltd.
- The Southern California Gas Company
- Biogas Products Ltd.
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“Europe region is anticipated to lead the growth of the market. Germany is by far the largest market and houses 2/3rd of Europe’s biogas plant capacity. Increasing usage of crop residues, sequential crops, livestock waste and the capture of methane from landfill sites support the high production of bigas and biomethane conversions in the country. Also, countries like Denmark, France, Italy and the Netherlands are also budding markets and support the growth of the global biomethane market. Asia Pacific region is expected to closely follow the growth lead after European region owing its growth to the high production capacities in China. With favorable policies installation of household-scale digesters in rural areas becomes easier and beneficial for the market growth. Around half of the remaining production comes from developing countries in Asia, notably Thailand and India,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Biomethane Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027” Segmented By Feedstock (Organic Household Waste, Animal Manure, Energy Crops, Agricultural Waste, Sewage Sludge, Industrial Food Processing Waste, Others), By Production Method (Fermentation v/s Gasification), By Application (Automotive, Power Generation, Others), By Region”, has evaluated the future growth potential of global biomethane and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global biomethane market.
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