Global Biomethane Market –Industry Analysis and Forecast (2019-2026)
Global Biomethane Market was valued US$1.62 Bn in 2019and is anticipated to reach US$XX Bn by 2026 at a CAGR of about XX % during a forecast.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Use of biogas technology is growing worldwide and biomethane in particular is becoming increasingly attractive for developing and emerging countries. Many of these economies generate large volumes of organic waste that can be utilized energetically, creating opportunities for investment and technology partnerships between local and international companies specializing in biogas or biomethane. Biomethane is a naturally occurring gas which is produced by the anaerobic digestion of organic matter that is agricultural waste, green waste, household waste, food industry waste, and even industrial waste. Shortage of conventional fossil fuels and degradation of environment has resulted into inclination towards the use of renewable energy resources. Biomethane offers various environment-related benefits when used as a transport fuel.
Biomethane reduces the amount of CO2 emissions significantly compared to other fuels. Also, is suitable for all engine types and all transport modes. However, high initial investment and high installation and operating costs restrains the market.
Agricultural waste is extensively used feedstock in the production of biomethane market followed by animal manure. Agricultural waste is the considered as a cheapest feedstock for biomethane production. Agricultural waste is a primary source for generating the renewable biomethane market and is anticipated to emerge as the most popular in the forecast years.
Anaerobic digestion or gasification is a prominent green technology used for methane production from organic waste. Biomass gasification–fermentation processing systems shows a potential promise and companies are now entering the marketplace for commercial-scale. Biomethane from biomass gasification has a great potential to be employed as a chemical platform in the production of value-added products. Moreover, the investment costs to generate heat and power from anaerobic digestion technology are higher than those using the gasification technology.
Automotive sector dominated the market in 2019 accounting half share of the global biomethane market. Global automotive natural gas vehicle (NGV) market demand was estimated at 24,450 thousand units in 2019 and is expected to exhibit a CAGR of 3.5%. As the automotive sector is responsible for significant volume of greenhouse gas emissions, the usage of biomethane as an automotive fuel will directly benefit the environment in terms of reduced emissions.
Global Biomethane Market Regional Analysis:
In Europe, the biomethane market is developing rapidly, with double-digit growth every year the number of European biomethane plants has gone from 187 to 459 in just five years, with the market expected to continue growing in the years to come. Germany represents the largest share of this growth, with an increase from 87 to 185 plants within the same timeframe. Germany is a major country in terms of production and consumption of biomethane. Latin America and Asia Pacific markets for biomethane are also expected to expand considerably.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding biomethane market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, Purity portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in biomethane market.
Global Biomethane Market, Key Highlights:
• Global Biomethane Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Biomethane Market
• Global Biomethane Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Biomethane Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Biomethane Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Biomethane Market are also profiled.
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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
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Global Biomethane Market Key Players
• Planet JV Energen Biogas Global GmbH
• CNG Services Ltd.
• Future Biogas Ltd.
• VERBIO, Gasrec
• Magne Gas
• Biogas Products Ltd.
• Gazasia Ltd.
• Schmack Carbotech GmbH
• SGN, SoCalGas
• Envitec Biogas AG
• ORBITAL and ETW Enerietechnik GmbH
• Magne Gas
• Gasrec, AB
• VERBIO
• SoCalGas
• Future Biogas Ltd.
• ORBITAL
• PlanET Biogas Global GmbH
• CNG Services Ltd
• ETW Energietechnik GmbH.
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