Published: 31-Jan-2020 | Published By: Market Research Store
The published report on“Global Biomethane Market – By Type (Organic Household Waste, Animal Manure, Energy Crops, Agricultural Waste, Sewage Sludge, Industrial Food Processing Waste, and Others), By Production Method (Fermentation and Gasification), By Application (Power Generation, Automotive, and Others), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.”exhibits the escalating demand for global Biomethanemarket in 2018 was approximately USD 2 Billion. It is anticipated to reach around USD 3Billion by 2025 with a CAGR of around 7%.
Browse Full Report 145 Market Data Tables and 46 Figures spread through 145 Pages and in-depth TOC on "Biomethane Market (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here - https://www.marketresearchstore.com/report/global-biomethane-market-research-report-2019-2023-639320
Biomethane is methane produced from biomass. It has properties similar to that of natural gas and thus, is an important product that can help transition from fossil fuels to renewables to procure the greenhouse gas emission reduction targets through different means. Biomethane could be used as transport fuels, to create combined heat and power (CHP), only heat, and also as feedstock for the chemical industry. The upgrading of biogas could also produce biomethane and similarly, bio-SNG could be produced from the thermochemical conversion of lignocellulosic biomass or other types of biomass.
The primary factor anticipated to propel the global Biomethane market is the technical feasibility in the production of biomethane from the biomass. The substitution of fossil fuels and the reduction of greenhouse gas emission (GHG) are other factors that are likely to help the market skyrocket during the forecast period. Likewise, biomethane’s vital role in future power-to-gas concepts by a combination of renewable methane from excess electrical energy will further supplement the growth of the global Biomethane market.
Moreover, biomethane and natural gas arefully interchangeable from an end-user perspective due to the lower levels of higher hydrocarbons. This factor is anticipated to help boost the market for biomethane on the global level. Furthermore, the rising demand for electricity due to the significantly lower tariff for green electricity across the globe is estimated to surge the growth of the global Biomethane market. In addition, biomethane’s use in generating heat will help the market grow during the forecast timeframe. Apart from this, policies such as tax reductions on clean vehicles or renewable fuel quota systems are predicted to help advance the global Biomethane market.
Finally, biomethane’s use as feedstock for the production of many different products including paints, plastics, detergents, etc. in the specialty chemicals industry is estimated to further help support the Biomethane market growth. However, the pressure on biodiversity, the use of scarce water resources, risks to food security or land degradation by biomass feedstock production is one of the restraints of the global Biomethane market.The different environmental, economic, and administrative hurdles for the market introduction of biomethane will also hamper the Biomethane market growth during the forecast period.
The Agriculture Waste type will account for the largestmarket share for biomethane during the forecast period. The reason for the dominance of agricultural waste is considered to be its cost-effectiveness forbiomethane production. In addition, the escalating demand for fertilizers produced as end products of the anaerobic digestion process of agricultural waste plus therising government support are some of the factors anticipated to propel the Biomethane market growth.
Automotive application was estimated to dominate the global Biomethane marketin 2018. The increasing usage of biomethane as an automotive fuel to bring about a significant reduction in greenhouse gas emissions is the reason behind the dominance of the automotive sector.
Europe is anticipated to hold the largest market share in the global Biomethane market. The development of a number of plants in Germany for the production and consumption of biomethane is expected to help surge the European Biomethane market. The market growth accounts to the increasing demand for energy, growing concerns about environmental degradation, economic development, increasing government support, and the rising use of biomethane as a fuel in Europe.
Some of the key players of the global Biomethane market include CNG Services, VERBIO, Future Biogas, Planet Biogas Global, Biogas Products, SGN, Magne Gas, Gazasia, Schmack Carbotech, Gasrec, EnviTec Biogas, SoCalGas, ORBITAL, ETW Enerietechnik, and JV Energen.
The Global Biomethane marketis segmented into:
Global Biomethane Market: By Type
- Organic Household Waste
- Animal Manure
- Energy Crops
- Agricultural Waste
- Sewage Sludge
- Industrial Food Processing Waste
Global Biomethane Market: By Production Method
Global Biomethane Market: By Application
- Power Generation
Global BiomethaneMarket: By Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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