Global Biomethane Market is Estimated to Reach to US$ 2,624.5 Mn by 2025; Green Gas Characteristics of Biomethane Stoke Growth, Says TMR

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Jul 25, 2017, 12:30 ET

ALBANY, New York, July 25, 2017 /PRNewswire/ --

Transparency Market Research has released a new market report titled "Biomethane Market by Feedstock (Organic Household Waste, Animal Manure, Energy Crops, Agricultural Waste, Sewage Sludge, Industrial Food Processing Waste, and Others), by Application (Automotive, Power Generation, and Others), by Production Method (Fermentation and Gasification) -Global Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2025." According to the report, the global biomethane market revenue was US$ 1,485.4 Mn in 2016 and is projected to reach US$ 2,624.5 Mn by 2025 at a CAGR of 6.7% from 2017 to 2025.

Biomethane is a naturally occurring gas produced by anaerobic respiration of organic matter like plant and animal wastes, manure, sewage, and other organic matter. Biomethane is chemically identical to natural gas. Natural gas is stored deep into the ground either onshore or offshore and this gas is also produced from the remains of the dead and other organic matter. Natural gas falls under the category of fossil fuel whereas biomethane falls under green gas, a clean source of energy. Biomethane is produced from organic matter and thus it is a renewable source of energy produced worldwide.

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Biomethane plants utilize almost all types of organic wastes, it reduces greenhouse gas (GHG) in the atmosphere, and it has high potential usage in automotive and power generation sector. These are some of the major reasons for high generation and utilization of biomethane. The developed countries of the world are diversifying their energy demand with more of renewables. The recently held Climate Change Conference in Paris is also one of the major reason for the countries to include more of renewables and cleaner fuels in the energy mix. The European countries, especially, have set the targets to increase the share of renewable energy to 20% by 2020 and eventually increase to 80% by 2050.

Apart from being an environmentally friendly gas with high potential usage in the automobile sector, biomethane production can utilize the same infrastructure setup for natural gas production. This eliminates additional setup cost in biomethane production. This is anticipated to be a major factor for development of biomethane as a more feasible option to the fossil fuel in various countries across the globe.

In 2016, Europe and North America held significant share of biomethane production and consumption. This trend is expected to be significant for the forecast period. European countries has favorable laws and financial support schemes for the technology to produce biomethane. These laws have made the European region a market leader in biomethane production and consumption. The leading countries in the European region as well as globally in biomethane market are Sweden, Switzerland, Germany and France. These countries have higher rate of adoption of biomethane as an alternative fuel.

Key major players operating in the biomethane market include CNG Services Ltd., SGN, PlanET Biogas Global GmbH, 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.

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

Global Biomethane Market: by Region

North America

U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America

Europe

France
Germany
Italy
Spain
U.K.
Rest of Europe

Asia Pacific

China
India
Japan
ASEAN
Rest of Asia Pacific

Middle East & Africa

GCC
South Africa
Rest of Middle East and Africa

Browse Research Press Release: http://www.transparencymarketresearch.com/pressrelease/biomethane-market.htm

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend 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.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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