Global Biomethane Market Industry Trends, Estimation & Forecast, 2018 - 2025

The global biomethane market gas has witnessed massive traction in the recent past and has attracted a number of new companies, making the competitive dynamics highly dynamic and competitive. The market has seen a large number of companies upgrading their production technologies and capacities in order to stay ahead of the competition.

Estimated to positively impact the demand for biomethane in upcoming years. Additionally, the use of waste material for its production aids in combating the problems, such as global warming and climate change which are further estimated to drive the growth of the market over the forecast period.

According to the report, the global biomethane market is expected to expand at a promising 6.7% CAGR from 2018 to 2025, rising from a valuation of US$1,485.4 mn in 2018 to US$2,624.5 mn by 2025.

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The green nature of biomethane is one of the most crucial factors that work in favor of the global biomethane market. The gas is produced by the biological breakdown of organic matter, including agricultural waste, household waste, food industry waste, and industrial waste. The gas is an excellent alternative to natural gas in vehicles and can be filled in a vehicle’s main gas network for the generation of energy. The impressive production efficiency of biomethane production techniques is another key factor that works well for the global biomethane market.

Owing to the high production efficiency, biomethane can be used as a reliable alternative for the production of electricity and for the generation of heat. Moreover, the gas can be produced using the same infrastructure setup that is used for the production of natural gas. This factor eliminates the need for additional setup, thus making the cost of production much lesser compared to a number of fossil fuels across several economies.

The regional analysis of Global Biogas & Biomethane Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rising demand from the automotive sector. Europe is also estimating to project a major growth in the global Biogas & Biomethane market. Asia-Pacific is also anticipated to exhibit a higher growth rate/CAGR over the forecast period 2018-2025 due to the increasing demand for electricity and increasing consumption of biogas in developing countries such as China, India, and South Korea.

Some of the leading companies in the market are Planet Biogas Global GmbH, CNG Services Ltd., VERBIO, SGN, EnviTec Biogas AG, Future Biogas Ltd., Gazasia Ltd., ETW Energietechnik GmbH, Magne Gas, Schmack Carbotech GmbH, Biogas Products Ltd., Gasrec, SoCalGas, ORBITAL, and JV Energen.

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This release was published on openPR.