Bio-methane Market Size, Share, Trends and Future Growth Predictions and Forecast 2018 – 2026
The world is currently facing challenges arising out of shortage of conventional fossil fuels and degradation of environment. In order to overcome these issues, inclination toward use of renewable energy resources has increased and the need to produce energy from these resources has risen. Biomethane is a renewable energy resource produced by the natural breakdown of organic materials such as green waste, agricultural waste, household waste, waste from the food industry, and industrial waste. The process of breaking down of organic materials in an oxygen-free environment yields biogas, which is then purified to produce biomethane.
[USPRwire, Tue Aug 20 2019] The world is currently facing challenges arising out of shortage of conventional fossil fuels and degradation of environment. In order to overcome these issues, inclination toward use of renewable energy resources has increased and the need to produce energy from these resources has risen. Biomethane is a renewable energy resource produced by the natural breakdown of organic materials such as green waste, agricultural waste, household waste, waste from the food industry, and industrial waste. The process of breaking down of organic materials in an oxygen-free environment yields biogas, which is then purified to produce biomethane.
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Purified biomethane has the same properties as natural gas and it can function as a highly efficient and eco-friendly fuel for natural gas cars. Also, it can be injected into natural gas grids. It offers various environment-related benefits when used as a transport fuel. It reduces the amount of CO2 emissions significantly compared to other fuels. Biomethane is suitable for all engine types and all transport modes.
Germany is a major country in terms of production and consumption of biomethane. More than 190 biomethane plants were operating in the country by the end of 2016. Additionally, in Germany, a network of more than 900 natural gas filling stations is available currently, serving more than 98,000 natural gas vehicles. Of these, 150 filling stations offer 100% biomethane and more than 300 filling stations offer mixture of biomethane and natural gas. In terms of alternative fuel consumption, Sweden leads the world.
This report analyzes and forecasts the biomethane market at the global and regional levels. The market has been forecast based on value (US$ Mn) and volume (thousand cubic meters) for the period from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global Bio-methane market. It also covers the expected impact of these drivers and restraints on the demand for biomethane during the forecast period. The report also highlights opportunities in the biomethane market at the global and regional levels.
The report includes detailed value chain analysis, which provides a comprehensive view of the global biomethane market. Porter’s Five Forces model for the biomethane market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein feedstock, production method, and application segments have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global biomethane market by segmenting it in terms of feedstock, production method, application, and region/country. In terms of feedstock, the market has been classified into agricultural waste, energy crops, industrial waste, municipal waste, sewage sludge, and others. Based on production method, the biomethane market has been divided into anaerobic digestion and gasification. In terms of application, the market has been segregated into heat generation, electricity generation, and alternative fuel. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and forecast demand for biomethane in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of the biomethane market for the base year 2017 and the forecast between 2018 and 2026. Market numbers have been estimated based on feedstock, production method, and application segments of the biomethane market. Market value and volume have been provided for the global, regional, and country-level markets.
The report comprises profiles of major companies operating in the global biomethane market. Key players operating in the global market are EnviTec Biogas AG, VERBIO Vereinigte BioEnergie AG, Future Biogas Limited, CNG Services Ltd, PlanET Biogas Global GmbH, Gazasia Ltd, Landwärme GmbH, Qila Energy, Evergaz, WELTEC BIOPOWER GmbH, ETW Energietechnik GmbH, and StormFisher Environmental. Market players have been profiled in terms of attributes such as company overview, financial overview, and recent developments.
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The global biomethane market has been segmented as follows:
Global Biomethane Market, by Feedstock
- Agricultural Waste
- Energy Crops
- Industrial Waste
- Municipal Waste
- Sewage Sludge
Global Biomethane Market, by Production Method
- Anaerobic Digestion
Global Biomethane Market, by Application
- Heat Generation
- Electricity Generation
- Alternative Fuel
Global Biomethane Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- Europe is the leading consumer of biomethane across the globe. The region constitutes more than 50% share of the global market. The market in North America is expected to expand at a significant pace during the forecast period.
- In terms of alternative fuel consumption, Sweden leads the world
- Recently, concerns related to fossil fuels have increased. This presents opportunities to service providers operating in the biomethane market.
- By 2020, around 48 new biomethane plants are planned to be built in the U.K., with an investment of up to EUR 455 Mn
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