Albany, New York, March 09, 2018 (GLOBE NEWSWIRE) -- The frontrunners in the global biomethane gas market, according to one of the reports by Transparency Market Research, are CNG Services Ltd., Planet Biogas Global GmbH, SGN, Future Biogas Ltd., VERBIO, Magne Gas, Gasrec, Gazasia Ltd., Biogas Products Ltd., Schmack Carbotech GmbH, EnviTec Biogas AG, SoCalGas, ETW Energietechnik GmbH, ORBITAL, and JV Energen.
As per estimates of a report by Transparency Market Research, the global biomethane market stood at a valuation of US$1,485.4 mn in 2016 and is expected to reach a valuation of US$2,624.5 mn by 2025 rising at a CAGR of 6.7% between 2017 and 2025.
Get PDF Brochure for more Professional & Technical industry insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12380
North America and Europe to Continue Garnerning Significant Market Shares
The segments of the global biomethane market based upon application are automotive sector and power generation. The automotive sector is expected to account for a significant share in the market over the forecast period.
The key regional segments into which the global market for biomethane is divided in this report are North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. In 2016, North America and Europe held a significant share of the global biomethane market. The trend is expected to continue over the forecast period as well.
View in-depth table of contents for this report @ https://www.transparencymarketresearch.com/report-toc/12380
Feasibility of Biomethane as an Automobile Fuel Fuels Growth
One of the key growth drivers of the global biomethane market is the green gas characteristic of biomethane. Biomethane is produced by the natural breakdown of organic material, which includes green waste, agricultural waste, food industry waste, household waste, and even industrial waste. The process of production of biomethane involves breaking down of organic matter in an anaerobic environment to produce biogas, which is further purified to produce biomethane. The resultant gas can be used as a vehicle fuel or can be injected into the main gas network to generate green energy.
The high production efficiency of biomethane production is another significant factor that adds to the advantage of the growth of biomethane market. This attribute makes it feasible for biomethane to be used as an alternative fuel for electricity production and for heat generation from combined heat and power.
Request For Custom Research: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=12380
Apart from being an environmentally friendly gas with high potential usage in the automobile sector, biomethane can be produced from the same infrastructure setup for natural gas production. This eliminates additional setup cost in biomethane production. This is expected to be a key factor that will boost the production of biomethane over other fossil fuels in various countries across the globe.
In addition, gasification of organic matter for the production of biomethane has environmental benefits as well. This is mainly because biomethane produced from organic matter prevents the discharge of a large amount of methane and other harmful gases into the atmosphere. The other advantage of production of biomethane is that it eliminates exposure of decaying organic matter into the atmosphere. Hence, methane and other harmful gases are prevented from being discharged into the atmosphere.
The production of biomethane, on the other hand, has a downside as well. Methane as a whole, if released in the atmosphere is about 20 times more detrimental to the environment than other greenhouse gases such as carbon dioxide.
Ask for Discount on Premium Research Report (US$ 5795) With Complete TOC: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=12380
The review presented here is based on the findings of a report by Transparency Market Research, titled “Biomethane Market (Feedstock - Organic Household Waste, Animal Manure, Energy Crops, Agricultural Waste, Sewage Sludge, and Industrial Food Processing Waste; Application - Automotive and Power Generation; Production Method - Fermentation and Gasification) - Global Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025..”
The global biomethane gas market is segmented as follows:
Global Biomethane Market: by Feedstock
- Organic Household Waste
- Animal Manure
- Energy Crops
- Agricultural Waste
- Sewage Sludge
- Industrial Food Processing Waste
- Others
Global Biomethane Market: by Application
- Automotive
- Power Generation
- Others
Global Biomethane Market: by Production Method
- Fermentation
- Gasification
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
Contact Us
Mr. Apoorv Tripathi
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.editiontruth.com/