The report “Biomethane Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth. The report describes Biomethane Market size, historical trends, industry advancements, segmentation analysis, new opportunities, factors controlling the market, and developments. The report analysts have provided a detailed Biomethane Market segmentation assessment of the market based on type, application, and geography. Client needs with an understanding of market capacities are ensured in this analytical study.
According to the research report, the global biomethane market was valued at USD 2.21 billion in 2022 and is expected to reach USD 3.88 billion by 2032, to grow at a CAGR of 5.8% during the forecast period.
An increase in environmental concerns is propelling the industry over the forecast period. One of its main drives is the concept that biomethane helps to reduce carbon emissions. The impact that biomethane is having on the planet’s atmosphere is without fact one of its biggest environmental benefits. In the other words, bio-methane is an important alternative to the growing energy needs, while avoiding the perils of global warming, which endangers all life on Earth, including humans.
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Top Key Players:
- AB Holding SPA
- Amersco Corp.
- Biogas Products Ltd.
- CNG Services Ltd.
- ETW Energietechnik GmbH
- EnviTec Biogas AG
- Future Biogas Ltd.
- Gastric Inc.
- Gazania Ltd.
- JV Energen Inc.
- MagneGas Corp.
- ORBITAL Inc.
- PlanET Biogas Global GmbH
- RENERGON International AG
- StormFisher
- SoCalGas Corp.
- Schmack Carbotech GmbH
- SGN PLC
- VERBIO GmbH
- WELTEC Biopower GmbH
Additionally, in August 2022, Adani New Industries (ANIL) plans to build 40 million tonnes per year (mtpa) facilities in Gujarat and Uttar Pradesh, while Reliance Industries is still finalizing the two locations. Compressed biogas (CBG) plants would be built at an investment of between Rs 500 and Rs 600 crore by the Adani and Reliance Group. Compressed biogas, which is created by the anaerobic breakdown of municipal garbage, agricultural waste, and sugarcane organic manure, can be utilized in place of piped natural gas for home purposes.
Therefore, the rising environmental concerns as well as the growing investment in the storage plant and production capacities for biogas storage are boosting the creation of biomethane that is bolstering the market over the anticipated period.
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Biomethane Market Report Highlights
- Energy crops segment is projected to grow rapidly over the study period. There are many different types of energy crops, including rice straws, maize, corn byproducts, & potatoes.
- The gasification segment accounted for largest revenue share. In comparison to anaerobic digestion, which has a high capital cost & low volume of production, the gasification method is in its infancy.
- Asia-Pacific is expected to grow at a high CAGR over the projected period. Governments have launched several biogas support programs in the Asia-Pacific area.
Polaris Market Research has segmented the biomethane market report based on feedstock, application, production method, and region:
Biomethane, Feedstock Outlook (Revenue – USD Billion, 2019 – 2032)
- Organic household Waste
- Animal Manure
- Energy Crops
- Agriculture Waste
- Sewage sludge
- Industrial food processing waste
- Others
Biomethane, Application Outlook (Revenue – USD Billion, 2019 – 2032)
- Automotive
- Power Generation
- Others
Biomethane, Production Method Outlook (Revenue – USD Billion, 2019 – 2032)
- Fermentation
- Anaerobic Digestion
- Gasification
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