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Global Biomethane Market Outlook 2032: Global Opportunity and Demand Analysis, Market Forecast To 2032
- Published :
Report ID: EP0032
Pages: 170
Base Year: 2023
Format: PDF
Historical Date: 2019-2022
Market Research Report
Summary At A Glance
Description
Table of Contents
List Of Tables
List Of Figures
Research Methodology
Description
MARKET SCOPE:
The global Biomethane market is projected to grow significantly, registering a CAGR of 8.1% during the forecast period (2024 – 2032).
Biomethane, also known as renewable natural gas (RNG) or green gas, is a type of biogas that has undergone a purification process to remove impurities, resulting in a high-quality methane-rich gas. It is produced through the anaerobic digestion or upgrading of organic materials such as agricultural residues, organic waste, and wastewater. Biomethane is chemically identical to natural gas and can be used interchangeably as a clean and renewable energy source. Governments and utilities set renewable energy targets to reduce greenhouse gas emissions and increase the share of renewable energy in the overall energy mix. Biomethane, as a renewable and low-carbon fuel, contributes to meeting these goals. Biomethane is used as a clean fuel for vehicles, particularly in natural gas vehicles (NGVs). The transportation sector, seeking alternatives to conventional fuels for reducing emissions, drives demand for biomethane.
MARKET OVERVIEW:
Driver: Increasing technological advancements is driving the market growth.
Technological advancements in biomethane production processes are crucial for enhancing efficiency, reducing costs, and promoting the widespread adoption of biomethane as a clean and renewable energy source. Ongoing research focuses on optimizing anaerobic digestion processes, which are fundamental to biomethane production. Improvements in reactor design, microbial communities, and operating conditions contribute to higher efficiency in converting organic feedstocks into biogas. Innovations in handling and utilizing the digestate byproduct from anaerobic digestion can improve the overall sustainability of biomethane production.
Opportunities: Growing need for supportive regulations is anticipated for the market growth in the upcoming years.
Supportive regulations and renewable energy policies are key drivers for the growth of the renewable energy sector, including biomethane. Governments around the world implement various measures to incentivize the production and utilization of renewable energy sources. Feed-in tariffs are financial incentives provided by governments to renewable energy producers, guaranteeing a fixed payment for each unit of energy produced. FiTs can encourage biomethane production by offering a stable and attractive price for the energy generated. This helps to attract investments in biomethane projects. Governments set specific targets for the share of renewable energy in the total energy mix. These targets aim to increase the use of renewable sources and reduce dependence on fossil fuels.
COVID IMPACT:
Lockdowns, restrictions, and disruptions in supply chains could have affected the production of biomethane. Biomethane production often involves the collection and processing of organic waste, and disruptions in waste collection or processing facilities could impact feedstock availability. The development and maintenance of biomethane infrastructure, such as upgrading facilities and distribution networks, may have faced delays or challenges due to the pandemic-related restrictions and uncertainties. The overall decline in energy demand during certain phases of the pandemic might have influenced the demand for alternative fuels, including biomethane. Changes in transportation patterns, reduced industrial activities, and economic slowdowns could impact the demand for biomethane as a transportation fuel. Governments worldwide shifted priorities to address immediate health and economic challenges posed by the pandemic. Funding and policy support for renewable energy projects, including biomethane initiatives, may have been affected. The transportation sector, a key consumer of biomethane, experienced significant disruptions during the pandemic. Lockdowns and travel restrictions led to changes in commuting patterns and reduced demand for certain types of transportation fuels.
SEGMENTATION ANALYSIS:
Automotive segment is anticipated to grow significantly during the forecast period
Biomethane can be used as a clean alternative fuel for various types of vehicles, including cars, buses, trucks, and even certain types of off-road vehicles. Compared to traditional fossil fuels, biomethane has the potential to reduce greenhouse gas emissions, as it is derived from organic materials and is considered a renewable and low-carbon fuel. Biomethane is compatible with natural gas vehicles (NGVs), which are specifically designed to use compressed natural gas (CNG) or liquefied natural gas (LNG) as fuel. Some traditional internal combustion engine vehicles can also be converted to run on biomethane. Biomethane used in the automotive sector is often produced through anaerobic digestion, a biological process that breaks down organic matter to produce biogas, which is then upgraded to biomethane.
Agriculture waste segment is anticipated to grow significantly during the forecast period
Biomethane production from agricultural waste involves the conversion of organic materials, such as crop residues, animal manure, and other biomass generated from farming activities, into methane-rich gas. This process is typically carried out through anaerobic digestion or other biological processes. Anaerobic digestion is a biological process in which microorganisms break down organic matter in the absence of oxygen, producing biogas as a byproduct. Biogas consists mainly of methane and carbon dioxide. The produced biogas is then upgraded to biomethane through a purification process, removing impurities such as carbon dioxide and hydrogen sulfide. The resulting biomethane is a high-quality renewable natural gas. Agricultural residues, such as corn stover, wheat straw, and rice husks, can be used as feedstock for biomethane production. Biomethane production from agricultural waste helps utilize organic materials that would otherwise be considered waste, contributing to waste reduction and improved waste management practices.
REGIONAL ANALYSIS:
The Asia Pacific region is set to witness significant growth during the forecast period.
Several countries in the Asia-Pacific region have been investing in biomethane production facilities. These facilities typically use organic waste from agriculture, municipal solid waste, and wastewater treatment plants to generate renewable natural gas. Waste-to-energy initiatives are gaining traction in countries like China, Japan, South Korea, and India. Biomethane production fits into the broader framework of sustainable waste management and the utilization of organic waste for energy purposes. Many countries in the Asia-Pacific region have set ambitious renewable energy goals and targets. Biomethane, being a renewable and low-carbon energy source, aligns with these goals and contributes to the diversification of the energy mix. Biomethane has the potential to play a significant role in the transportation sector as a clean and renewable fuel. Countries with a focus on reducing emissions from the transportation sector may explore biomethane as an alternative to traditional fossil fuels.
COMPETITIVE ANALYSIS
The global Biomethane market is reasonably competitive with mergers, acquisitions, and Application launches. See some of the major key players in the market.
- Air Liquide
- Air Liquide is building the largest biomethane production plant in the world in the United States as part of its ongoing biomethane development efforts. This will increase the Group’s ability to produce biomethane globally to 1.8 TWh. With the opening of its new production facility in the state of Illinois, Air Liquide will be able to continue offering its clients in the transportation and industrial sectors low-carbon solutions and supporting them as they lower their emissions.
- Archaea Energy INC.
- The inaugural Archaea Modular Design (AMD) renewable natural gas (RNG) facility in Medora, Indiana, has officially started operations, according to bp’s Archaea Energy. This plant, which is adjacent to a Rumpke Waste and Recycling dump, is the first to operate since bp acquired Archaea in December 2022.
- EnviTec Biogas AG
- CNG Services Ltd.
- Crygon Purr
- EnviTec Biogas AG
- Future Biogas Ltd.
Scope of the Report
- By Application
- Automotive
- Power Generation
- Industrial
- Others
- By Feedstock
- Organic Household Waste
- Agriculture Waste
- Others
- By Region
- North America (the United States & Canada)
- Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)
- Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America, and Rest of The World)
Key reasons to purchasing this report
- It provides a technological development map over time to understand the industry’s growth rate and indicates how the Biomethane market is evolving.
- The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Biomethane submarket will be the main driver of the overall market from 2024 to 2032.
- It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.
- It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.
Table of Contents
- Executive Summary
- Market Snapshot
- Regional Analysis
- Segment Analysis
- Overview and scope
- Market Vision
- Market Definition
- Market Segmentation
- Market Vision
- Global Biomethane Market Overview By Region: 2019 VS 2023 VS 2032
- Global Biomethane Market Size by Regions (2019-2023) (USD Million)
- North America Biomethane Market Size by Country (2019-2023) (USD Million)
- Europe Biomethane Market Size by Country (2019-2023) (USD Million)
- Asia Pacific America Biomethane Market Size by Country (2019-2023) (USD Million)
- Rest of the World Biomethane Market Size by Country (2019-2023) (USD Million)
- Global Biomethane Market Size by Regions (2024-2032) (USD Million)
- North America Biomethane Market Size by Country (2024-2032) (USD Million)
- Europe Biomethane Market Size by Country (2024-2032) (USD Million)
- Asia Pacific Biomethane Market Size by Country (2024-2032) (USD Million)
- Rest of the World Biomethane Market Size by Country (2024-2032) (USD Million)
- Global Biomethane Market Size by Regions (2019-2023) (USD Million)
- Global Biomethane Market Dynamics
- Market Overview
- Market Drivers
- Market Restraints/ Challenges Analysis
- Market Opportunities
- PESTLE Analysis
- Porter’s Five Forces Model
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- The threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Value Chain Analysis/Supply Chain Analysis
- Covid-19 Impact Analysis on Global Biomethane Market
- Market Overview
** In – depth qualitative analysis will be provided in the final report subject to market
- Global Biomethane Market, By Application
- Overview
- Global Biomethane Market Size By Application (2019 – 2032) (USD Million)
- Key Findings for Biomethane Market – By Application
- Automotive
- Power Generation
- Industrial
- Others
- Global Biomethane Market, By Feedstock
- Overview
- Key Findings for Biomethane Market – By Feedstock
- Organic Household Waste
- Agriculture Waste
- Industrial Food Processing Waste
- Others
- Global Biomethane Market, by region
- Key Findings For Biomethane Market- By region
- Overview
- Global Biomethane Market, By Application
- Global Biomethane Market, By Feedstock
- Global Biomethane Market- North America
- Global Biomethane Market- Europe
- Overview
- Europe Biomethane Market Size (2019 – 2032) (USD Million)
- Europe Biomethane Market, By Application
- Europe Biomethane Market, By Feedstock
- Europe Biomethane Market Size by Countries
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Global Biomethane Market – Asia Pacific
- Overview
- Asia Pacific Biomethane Market Size (2019 – 2032) (USD Million)
- Asia Pacific Biomethane Market, By Application
- Asia Pacific Biomethane Market, By Feedstock
- Asia Pacific Biomethane Market Size by Countries
- China
- Japan
- India
- Rest of Asia Pacific
- Global Biomethane Market- Rest of World
- Overview
- Rest of World Biomethane Market Size (2019 – 2032) (USD Million)
- Rest of World Biomethane Market, By Application
- Rest of World Biomethane Market, By Feedstock
- Rest of World Biomethane Market Size by Regions
- Middle East & Africa
- Latin America
- Rest Of The World
- GLOBAL Biomethane MARKET- Competitive Landscape
- Key Strategies Adopted by the Leading Players
- Recent Developments
- Investments & Expansions
- New End-User Launches
- Mergers & Acquisitions
- Agreements, Joint Ventures, and Partnerships
- GLOBAL Biomethane MARKET- Company Profiles
- Air Liquide
- Company Overview
- Financial Overview
- Application Offered
- Key Developments
- Archaea Energy INC..
- EnviTec Biogas AG
- CNG Services Ltd.
- Crygon Purr
- EnviTec Biogas AG
- Future Biogas Ltd.
- Air Liquide
- Our Research Methodology
- Data Triangulation
- Data Sources
- Secondary Sources
- Primary Sources
- Assumptions/ Limitations For The Study
- Research & Forecasting Methodology
- Appendix
- Disclaimer
- Contact Us
List Of Tables
- Global Biomethane Historic Market Size By Regions (2019 – 2023) (USD Million)
- Global Biomethane Forecasted Market Size By Regions (2024-2032) (USD Million)
- Global Biomethane Market- Drivers
- Global Biomethane Market- Restraint /Challenges
- Global Biomethane Market- Opportunity Analysis
- Global Biomethane Market Size By Application (2019 – 2032) (USD Million)
- Global Biomethane Market Size By Automotive (2019 – 2032) (USD Million)
- Global Biomethane Market Size By Power Generation (2019 – 2032) (USD Million)
- Global Biomethane Market Size By Industrial (2019 – 2032) (USD Million)
- Global Biomethane Market Size By Others (2019 – 2032) (USD Million)
- Global Biomethane Market Size By Feedstock (2019 – 2032) (USD Million)
- Global Biomethane Market Size By Organic Household Waste (2019 – 2032) (USD Million)
- Global Biomethane Market Size By Agriculture Waste (2019 – 2032) (USD Million)
- Global Biomethane Market Size By Industrial Food Processing Waste (2019 – 2032) (USD Million)
- Global Biomethane Market Size By Others (2019 – 2032) (USD Million)
- North America Biomethane Market Size By Application (2019 – 2032) (USD Million)
- North America Biomethane Market Size By Automotive (2019 – 2032) (USD Million)
- North America Biomethane Market Size By Power Generation (2019 – 2032) (USD Million)
- North America Biomethane Market Size By Industrial (2019 – 2032) (USD Million)
- North America Biomethane Market Size By Others (2019 – 2032) (USD Million)
- North America Biomethane Market Size By Feedstock (2019 – 2032) (USD Million)
- North America Biomethane Market Size By Organic Household Waste (2019 – 2032) (USD Million)
- North America Biomethane Market Size By Agriculture Waste (2019 – 2032) (USD Million)
- North America Biomethane Market Size By Industrial Food Processing Waste (2019 – 2032) (USD Million)
- North America Biomethane Market Size By Others (2019 – 2032) (USD Million)
- Europe Biomethane Market Size By Application (2019 – 2032) (USD Million)
- Europe Biomethane Market Size By Automotive (2019 – 2032) (USD Million)
- Europe Biomethane Market Size By Power Generation (2019 – 2032) (USD Million)
- Europe Biomethane Market Size By Industrial (2019 – 2032) (USD Million)
- Europe Biomethane Market Size By Others (2019 – 2032) (USD Million)
- Europe Biomethane Market Size By Feedstock (2019 – 2032) (USD Million)
- Europe Biomethane Market Size By Organic Household Waste (2019 – 2032) (USD Million)
- Europe Biomethane Market Size By Agriculture Waste (2019 – 2032) (USD Million)
- Europe Biomethane Market Size By Industrial Food Processing Waste (2019 – 2032) (USD Million)
- Europe Biomethane Market Size By Others (2019 – 2032) (USD Million)
- Asia Pacific Biomethane Market Size By Application (2019 – 2032) (USD Million)
- Asia Pacific Biomethane Market Size By Automotive (2019 – 2032) (USD Million)
- Asia Pacific Biomethane Market Size By Power Generation (2019 – 2032) (USD Million)
- Asia Pacific Biomethane Market Size By Industrial (2019 – 2032) (USD Million)
- Asia Pacific Biomethane Market Size By Others (2019 – 2032) (USD Million)
- Asia Pacific Biomethane Market Size By Feedstock (2019 – 2032) (USD Million)
- Asia Pacific Biomethane Market Size By Organic Household Waste (2019 – 2032) (USD Million)
- Asia Pacific Biomethane Market Size By Agriculture Waste (2019 – 2032) (USD Million)
- Asia Pacific Biomethane Market Size By Industrial Food Processing Waste (2019 – 2032) (USD Million)
- Asia Pacific Biomethane Market Size By Others (2019 – 2032) (USD Million)
- Rest of World Biomethane Market Size By Application (2019 – 2032) (USD Million)
- Rest of World Biomethane Market Size By Automotive (2019 – 2032) (USD Million)
- Rest of World Biomethane Market Size By Power Generation (2019 – 2032) (USD Million)
- Rest of World Biomethane Market Size By Industrial (2019 – 2032) (USD Million)
- Rest of World Biomethane Market Size By Others (2019 – 2032) (USD Million)
- Rest of World Biomethane Market Size By Feedstock (2019 – 2032) (USD Million)
- Rest of World Biomethane Market Size By Organic Household Waste (2019 – 2032) (USD Million)
- Rest of World Biomethane Market Size By Agriculture Waste (2019 – 2032) (USD Million)
- Rest of World Biomethane Market Size By Industrial Food Processing Waste (2019 – 2032) (USD Million)
- Rest of World Biomethane Market Size By Others (2019 – 2032) (USD Million)
- Data Triangulation
List Of Figures
- Market Highlights
- Market Highlights By Region
- Global Biomethane Market Size By Application: 2019 VS 2032
- Global Biomethane Market Size by Feedstock: 2019 VS 2032
- Global Biomethane By Automotive (USD Million 2019 – 2032)
- Global Biomethane By Power Generation (USD Million 2019 – 2032)
- Global Biomethane By Industrial (USD Million 2019 – 2032)
- Global Biomethane By Others (USD Million 2019 – 2032)
- Global Biomethane Market Size By Application (2019 – 2032) (USD Million)
- Global Biomethane By Organic Household Waste (USD Million 2019 – 2032)
- Global Biomethane By Agriculture Waste (USD Million 2019 – 2032)
- Global Biomethane By Industrial Food Processing Waste (USD Million 2019 – 2032)
- Global Biomethane By Others (USD Million 2019 – 2032)
- North America Biomethane Market Size (2019 – 2032) (USD Million)
- North America Biomethane By United States Revenue (USD Million) (2019 – 2032)
- North America Biomethane By Canada Revenue (USD Million 2019 – 2032)
- Europe Biomethane Market Size (2019 – 2032) (USD Million)
- Europe Biomethane By United Kingdom Revenue (USD Million) (2019 – 2032)
- Europe Biomethane By Germany Revenue (USD Million 2019 – 2032)
- Europe Biomethane By France Revenue (USD Million 2019 – 2032)
- Europe Biomethane By Italy Revenue (USD Million 2019 – 2032)
- Europe Biomethane By Spain Revenue (USD Million 2019 – 2032)
- Europe Biomethane By Rest Of Europe Revenue (USD Million 2019 – 2032)
- Asia Pacific Biomethane Market Size (2019 – 2032) (USD Million)
- Asia Pacific Biomethane By China Revenue (USD Million) (2019 – 2032)
- Asia Pacific Biomethane By Japan Revenue (USD Million 2019 – 2032)
- Asia Pacific Biomethane By India Revenue (USD Million 2019 – 2032)
- Asia Pacific Biomethane By Rest Of APAC Revenue (USD Million 2019 – 2032)
- Rest Of World Biomethane Market Size (2019 – 2032) (USD Million)
- Rest of World Biomethane By the Middle East & Africa Revenue (USD Million) ( 2019 – 2032)
- Rest of World Biomethane By Latin America Revenue (USD Million 2019 – 2032)
- Rest of World Biomethane By Rest Of The World Revenue (USD Million 2019 – 2032)
- Key Strategies Adopted By The Leading Players
- Secondary Sources
- Primary Research
- Global Biomethane Market – Research Methodology
Research Methodology
Primary and Secondary Research
In order to understand the market in detail we conduct primary and secondary research. We collect as much information as we can from the market experts through primary research. We contact the experts from both demand and supply side and conduct interviews to understand the actual market scenario. In secondary research, we study and gather the data from various secondary sources such as company annual reports, press releases, whitepapers, paid databases, journals, and many other online sources. With the help of the primary interviews, we validate the data collected from secondary sources and get a deep understanding on the subject matter. Post this our team uses statistical tools to analyses the data to arrive at a conclusion and draft it in presentable manner.
Market Size Estimations
Understanding and presenting the data collected is a crucial task. Market sizing is a critical part of the data analysis and this task is performed by using Top-down and bottom-up approaches. In this process, we place different data points, market information and industry trends at a suitable space. This placement helps us presume the estimated & forecast values for coming few years. We use several mathematical and statistical models to estimate the market sizes of different countries and segments. Each of this is further added up to outline the total market. These approaches are individually done on regional/country and segment level.
Data Triangulation
As we arrive at the total market sizes, the market is again broken down into segments and subsegments. This process is called as data triangulation and is implementable wherever applicable. This step not only helps us conclude the overall market engineering process, but also gives an assurance on accuracy of the data generated. The data is triangulated based on studying the market trends, various growth factors, and aspects of both demand and supply side.
