19-Jul-2019 | Zion Market Research
Zion Market Research has published a new report titled “Biomethane Market by Feedstock (Organic Household Waste, Animal Manure, Energy Crops, Agricultural Waste, Sewage Sludge, Industrial Food Processing Waste, and Others), By Production Method (Fermentation and Gasification), and by End-User (Power Generation, Automotive, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global biomethane market was USD 1.68 billion in 2018 and is expected to reach USD 2.61 billion by 2025, at a CAGR of 6.5% between 2019 and 2025.
Biomethane, a natural gas, is a green source of energy source, which is generated via anaerobic digestion of organic materials like deceased animals and plant materials, manure, wastewater, organic waste, etc. Additionally, the raw material used for biomethane production is biogas, which can be processed from various feedstock sources like vegetables and animals. Thus, it is eco-friendly and most efficient fuel for various applications. The global biomethane market is expected to witness notable growth over the next few years, owing to the increasing automotive production across the globe. Moreover, the versatile properties of biomethane, such as less corrosive as compared to biogas, make it a valuable fuel. Biomethane is used as a substitute fuel for transportation and is used to produce combined heat and power (CHP). Additionally, it also serves as a feedstock for the chemical industry. Moreover, the rapidly increasing bio-based fuel demand is further expected to propel the global biomethane market in the years ahead.
Browse the full “Biomethane Market by Feedstock (Organic Household Waste, Animal Manure, Energy Crops, Agricultural Waste, Sewage Sludge, Industrial Food Processing Waste, and Others), By Production Method (Fermentation and Gasification), and by End-User (Power Generation, Automotive, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/biomethane-market
The global biomethane market is divided based on feedstock, production method, and end-user. By feedstock, the market for biomethane is classified into agricultural waste, animal manure, sewage sludge, energy crops, organic household waste, industrial food processing waste, and others. Organic household waste and animal manure are largely used to produce biomethane. The organic household waste segment is projected to dominate the global biomethane market. Based on the production method, the biomethane market includes fermentation and gasification. The fermentation production method is the highest contributing segment to the global biomethane market, as biomethane produced via this process eliminates the release of methane and other harmful gases into the atmosphere. The end-user segment comprises power generation, automotive, and others. The automotive segment dominated the market in 2018 and is projected to maintain its dominance over the next few years as well. The growing global automotive production is driving this segment.
In 2018, Europe and North America together dominated the global biomethane market due to the growing regional biomethane productions. The UK and Germany were the largest contributing countries to the European biomethane market. Moreover, the developed automotive industry is predicted to also boost the biomethane market in the region. The Middle East and Africa is likely to witness moderate growth in the biomethane market, owing to the growing application of biomethane in the power generation industry.
Some major companies involved in the global biomethane market are Gazasia, CNG Services, Future Biogas, Orbital, Verbio, Planet JV Energen Biogas Global, Magne Gas, Schmack Carbotech, Gasrec, SGN, Biogas Products, EnviTec Biogas, SoCalGas, and ETW Enerietechnik.
This report segments the global biomethane market into:
Global Biomethane Market: Feedstock Analysis
Global Biomethane Market: Production Method Analysis
Global Biomethane Market: End-User Analysis
Global Biomethane Market: Regional Analysis
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