Market Survey on Biomethane: Analysis and Opportunities, Development Status
The global biomethane market is on a growth trajectory mainly due to the green gas characteristic of biomethane. Biomethane is produced by the natural breakdown of organic matter, which includes agricultural waste, green waste, household waste, food industry waste, and even industrial waste. The process involves disintegration of organic material in an anaerobic environment to produce biogas, which is further purified to produce biomethane.
A significant factor fuelling growth of the biomethane market is the high potential usage of biomethane in the automotive and power generation sector. The developed countries of the world are increasingly diversifying conventional energy production practices to include renewable sources for energy needs. The recently concluded Climate Change Conference in Paris has led many countries to include more of renewables and cleaner fuels for energy production. In particular, the European countries have set targets to increase the share of renewable energy to 20% by 2020 and to increase it to 80% by 20250 in the energy mix.
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Automotive Sector to Contribute Significantly to Market Growth
In terms of application, the global biomethane gas has been segmented into automotive sector and power generation in this report. Of the two, the automotive sector is expected to account for significant share of the global biomethane market. 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. The similar properties between biomethane and natural gas allows the latter to be substituted by the former. Thus, biomethane can be injected to natural gas grids and used a fuel mix in the transportation sector.
The feedstock segments of the global biomethane market are organic household waste, animal manure, energy crops, agricultural waste, sewage sludge, industrial food processing waste, and others. Of these, agricultural waste is extensively used feedstock type in the biomethane market. Animal manure also accounts as a leading feedstock type in the biomethane market.
Favorable Laws for Biomethane Production Makes Europe Frontrunner
The key regional segments of the global biomethane market that are considered in this report are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In 2016, Europe and North America held significant share of the overall market on account of significant biomethane production and consumption. The trend is expected to continue until the end of the forecast period in 2025. In addition, in European countries, favorable laws and financial assistance programs for production of biomethane is also benefitting the growth of biomethane market in the region. Sweden, Germany, Switzerland, and France are some key domestic markets for biomethane production that have standing in the global biomethane market. These countries have higher rate of adoption of biomethane as an alternative fuel.
Asia Pacific and Latin America markets for biomethane are expected to expand significantly with renewables increasingly being used in the energy mix.
CNG Services Ltd., Planet Biogas Global GmbH, VERBIO, Future Biogas Ltd., Magne Gas, Gasrec, Gazasia Ltd., Biogas Products Ltd., SGN, Schmack Carbotech GmbH, EnviTec Biogas AG, SoCalGas, ETW Enerietechnik GmbH, ORBITAL, and JV Energen are some of the leading players operating in the global biomethane market.
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Increasing Concern for the Environment and Rapid Industrialization to Boost Biomethane Market
Biomethane refers to a type of natural gas that is developed through the process of anaerobic digestion of organic matter such as industrial waste, food industry waste, agricultural waste, household waste, and green waste. Natural gas that is safe and green is another name for it. Biogas is the starting material for biomethane processing, and it can come from an extensive variety of sources, including animals and vegetables. As a result, it is both environmentally friendly and the most reliable fuel for a variety of applications, which is estimated to support growth of the global biomethane market in the near future.
Increasing environmental concerns, rapid industrialization, rising demand for bio-based fuel for use in power generation plants, and high potential use of biomethane in the power generation and automotive sectors comprise some of the important factors likely to drive development of the global biomethane market. However, the market is likely to be constrained by high initial investment as well as high installation and operational costs.
Rising Demand for Green and Clean Fuel in the Automotive Sector to Generate Plentiful Opportunities
Because of biomethane's green gas attributes, the global biomethane market is expected to be on a continued growth trajectory on the rise. Biomethane is created when various organic matter, such as green waste, agricultural waste, food industry waste, and household waste decomposes naturally. In an anaerobic environment, organic material is disintegrated to produce biogas, which is then filtered to produce biomethane.
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