According to the research report, the global biomethane market was valued at USD 2.33 billion in 2023 and is expected to reach USD 3.88 billion by 2032, to grow at a CAGR of 5.90% during the forecast period.
Market Overview:
The biomethane market is rapidly gaining momentum as the global focus on renewable energy and sustainability intensifies. Biomethane, a renewable form of natural gas produced through the anaerobic digestion of organic materials such as agricultural waste, food waste, and sewage sludge, is a versatile and eco-friendly energy source.
Often referred to as “green gas,” biomethane offers a direct substitute for natural gas and is utilized across multiple sectors, including transportation, power generation, and residential heating. With its ability to significantly reduce greenhouse gas emissions, biomethane has become a key player in the global energy transition toward cleaner and more sustainable solutions.
Market’s Growth Drivers:
Global Push for Decarbonization:
Governments and organizations worldwide are prioritizing the reduction of carbon emissions, making biomethane a critical component of renewable energy strategies. It provides a low-carbon alternative for industries reliant on natural gas.
Growing Adoption in Transportation:
Biomethane is increasingly being used as a fuel for compressed natural gas (CNG) and liquefied natural gas (LNG) vehicles, especially in Europe, where it supports the transition to cleaner transportation systems.
Supportive Government Policies and Incentives:
Subsidies, grants, and favorable policies promoting the development of biogas plants and biomethane production are driving market growth. Programs such as feed-in tariffs and renewable energy mandates encourage investments in this sector.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/biomethane-market/request-for-sample
Major Key Players:
- 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
Recent Developments in the Biomethane Market:
- May 2021: BayoTech and IBMS Group Launch UK’s First Renewable Hydrogen Production Using Biomethane
BayoTech and IBMS Group announced a partnership to establish the UK’s first renewable hydrogen production facility powered by biomethane derived from food waste. This initiative aims to produce 1,000 kg of renewable hydrogen daily, which will be used to refuel zero-emission vehicles across Surrey and London, contributing to the region’s sustainability and clean energy goals.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Biomethane Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Biomethane Market, Feedstock Outlook (Revenue – USD Billion, 2019-2032)
- Organic household Waste
- Animal Manure
- Energy Crops
- Agriculture Waste
- Sewage sludge
- Industrial food processing waste
- Others
Biomethane Market, Application Outlook (Revenue – USD Billion, 2019-2032)
- Automotive
- Power Generation
- Others
Biomethane Market, Production Method Outlook (Revenue – USD Billion, 2019-2032)
- Fermentation
- Anaerobic Digestion
- Gasification
The biomethane market is positioned as a cornerstone of the global shift toward renewable energy and carbon neutrality. Its dual benefits of providing sustainable energy and addressing waste management challenges make it an attractive solution across sectors. As technological advancements and supportive policies continue to emerge, biomethane is set to play an increasingly critical role in the global energy lands.
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