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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