Biomethane Market Revenue, Growth, Restraints, Trends, Company Profiles, Analysis & Forecast till 2028

 

The global Biomethane Market size is expected to reach USD 2.72 Billion in 2028 and register a CAGR of 6.5% over the forecast period, according to the latest report by Reports and Data. A key factor driving market revenue growth is rising environmental concern regarding the use of fossil fuels. In addition to this, rising application of biomethane gas as transportation fuel and increasing requirements of biomethane in power generation are expected to propel market growth.

Biomethane is a type of eco-friendly renewable natural gas produced from biogas by eliminating moisture, carbon dioxide, and hydrogen sulphide. Unlike biogas, biomethane is more flexible and less corrosive in nature. Governments of various countries are nowadays putting forward stringent norms to reduce greenhouse gas emissions. It is further resulting in high demand for biomethane from the global automotive sector. Biomethane is also used in various other applications, such as power generation. Rising preference for clean and green fuel, owing to increasing concerns of rising pollution levels, presence of favorable government policies for biomethane production in various countries, and rising investments by private investors in the production of this gas are expected to boost market growth. Additionally, rapid industrialization in both developed and developing countries is expected to drive revenue growth of global biomethane market throughout the forecast period.

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Major players in the market include EnviTec Biogas AG, VERBIO, SoCalGas, CNG Services Ltd., Future Biogas Ltd., SoCalGas, Gasrec Ltd., Gazasia Ltd., Orbital Gas Systems, and PlanET Biogas Global GmbH.

Some Key Highlights from the Report:

  • In May 2018, BayoTech partnered up with IBMS Group. This partnership will help both companies to launch a renewable hydrogen project by using biomethane generated from food waste.
  • Agricultural waste segment accounted for the largest revenue share in global market in 2020. This can be attributed to rising preference for bio-gas generated from agricultural waste and increasing need to reduce GHG emissions.
  • North America accounted for the largest revenue share in global market in 2020. Presence of favourable governmental policies for biomethane production, high demand for biomethane, especially from the automotive sector, and entry of prominent companies are major factors driving market revenue growth in this region.  

Browse Complete Report “Biomethane Market” @ https://www.reportsanddata.com/report-detail/biomethane-market

For the purpose of this report, Reports and Data has segmented global biomethane market based on feedstock, production method, end-use, and region:

Feedstock Outlook (Revenue, USD Billion; 2018-2028)

  • Animal Manure
  • Organic Household Waste
  • Agricultural Waste
  • Energy Crops
  • Sewage Sludge
  • Industrial Food Processing Waste
  • Others

Production Method Outlook (Revenue, USD Billion; 2018-2028)

  • Gasification
  • Fermentation

End-Use Outlook (Revenue, USD Billion; 2018-2028)

  • Automotive
  • Power Generation
  • Others

The segmentation section covers detailed market share analysis for each product and application along with an accurate projection of the market growth during the forecast period. The report also explains in detail about the consumption rate of each product and application, along with an anticipated growth rate over the forecast period.

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Highlights of the TOC:

Chapter 1: Methodology & Scope

Chapter 2: Summary of the Biomethane Market

Chapter 3: Insights into Biomethane Industry

Chapter 4: Regional Analysis

Chapter 5: Company profiles

And Many More.

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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