New York, NY, July 22, 2019 (GLOBE NEWSWIRE) -- 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 through 105 Tables & 30 Figures spread over 110 Pages and in-depth TOC on “Global Biomethane Market: Industry Size, Share, Trends Analysis and Forecast, 2018–2025”.
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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, North America dominated the biomethane market globally due to the rapidly growing automotive industry. Moreover, the establishments of new biomethane facilities in the U.S. continue to transform the power requirements of the world and promote the industry to expand with viable coal and GHG reduction alternatives. The U.S. is the major contributor to the North American biomethane market.
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The Asia Pacific is projected to grow at the fastest pace over the forecast time period, owing to the rising number of vehicles in the region. The flourishing automotive industry in China, South Korea, India, Thailand, Indonesia, the Philippines, and Vietnam is further anticipated to propel the region’s biomethane market. Moreover, the surging demand for bio-based fuel for power generation plants is likely to enhance the biomethane use.
The European automotive industry is growing at the highest pace, which, in turn, is projected to drive the region’s biomethane market. Moreover, the German government defined targets for the production and sustainable utilization of biomethane, which is also expected to boost the European biomethane market.
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
In Latin America, rapid industrialization is a major factor driving the biomethane market. Brazil leads the biomethane consumer category in the region. Moreover, biomethane can be used to generate and heat electricity from smaller, decentralized, or large centralized combined heat and power plants, which is projected to increase the applications for biomethane.
The Middle Eastern and African biomethane market is estimated to grow at a moderate rate in the future, owing to the growing automotive industry. Moreover, the rising need to fuel for power generation purposes is also likely to fuel the demand for bio-based fuel, such as biomethane. Additionally, biomethane is also used as fuel in various transport applications.
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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.
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This report segments the global biomethane market into:
Global Biomethane Market: Feedstock Analysis
- Organic Household Waste
- Animal Manure
- Energy Crops
- Agricultural Waste
- Sewage Sludge
- Industrial Food Processing Waste
- Others
Global Biomethane Market: Production Method Analysis
- Fermentation
- Gasification
Global Biomethane Market: End-User Analysis
- Power Generation
- Automotive
- Others
Global Biomethane Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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