Europe Biomethane Market to Expand at a CAGR of 7.7% from 2022 to 2031

𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐢𝐨𝐦𝐞𝐭𝐡𝐚𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏

The Europe biomethane market was valued over US$ 2.3 Bn in 2021

It is estimated to expand at a CAGR of 7.7% from 2022 to 2031

The Europe biomethane market is expected to cross value of US$ 4.8 Bn by the end of 2031

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 -https://www.transparencymarketresearch.com/europe-biomethane-market.html

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐢𝐨𝐦𝐞𝐭𝐡𝐚𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

Biomethane is a sustainable fuel that is produced by the biogas upgrade technology (process of separation of methane from CO2 and other gases from biogas). Biomethane is produced from biogas that is derived from organic matter such as sewage waste, food waste, and agriculture materials. It is a renewable fuel that can be used to balance intermittent renewable electricity in order to provide a fully renewable power supply and transportation fuel. The Europe biomethane market is projected to grow, due to low cost and easy availability of raw materials. The revenue of Europe biomethane market is expected to surpass US$ 4.8 Bn by the end of the forecast period.

𝐑𝐢𝐬𝐢𝐧𝐠 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥 𝐅𝐮𝐞𝐥 𝐂𝐨𝐬𝐭 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐢𝐨𝐦𝐞𝐭𝐡𝐚𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

Biomethane is the upgraded form of biogas that is produced from anaerobic digestion of biodegradable wastes such as food waste and crop residues. Majority of biomethane in the European Union is produced from crops. Around 72% of the biomethane is produced by farm-based plants and industrial organic waste digesters. Germany, Austria, and Denmark produce a key share of biomethane from energy crops, agricultural by-products, and animal manure, while France, the U.K., Spain, and Italy are more dependent on landfill gas as a source of biomethane. Sewage sludge is also popular for the production of biomethane; 9% of biomethane is produced by sewage sludge waste. Biomethane produced by landfill waste stands at about 18% of the total production. Large numbers of biogas plants are located in agricultural areas.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84843

Biomethane is an important tool in reducing the economic gap between urban and rural areas, and supporting sustainable, long-term rural development. More than 30% of greenhouse gas emission in Europe can be ascribed to transportation, which is almost entirely dependent on oil. Prices of natural gas have surged in Europe, as countries exit COVID-19 lockdown. This is fueling a crisis that is impacting consumer bills. The demand for biomethane is expected to continue to rise across Europe during the forecast period. Europe is focusing on renewable energy to meet the high demand for electricity and fuel. The availability of large quantity of raw materials is projected to boost the market in the region during the forecast period.

𝐒𝐭𝐫𝐢𝐧𝐠𝐞𝐧𝐭 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐁𝐢𝐨𝐦𝐞𝐭𝐡𝐚𝐧𝐞 𝐚𝐬 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭-𝐟𝐫𝐢𝐞𝐧𝐝𝐥𝐲 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐨𝐮𝐫𝐜𝐞

Environmental restrictions are becoming increasingly stringent around the world. This has prompted the power generation industry to use cleaner, more environment-friendly energy sources. Key global economies are focusing on improving renewable energy generation to reduce their dependence on fossil-fuel based electricity generation and transportation. The European Union targets renewable energy to account for at least 32% of total energy consumption by 2030, with renewable fuels constituting 14% of all transportation fuels. Renewable energies accounted for prominent share of about 40.8% of the primary energy production in the EU in 2020.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=84843

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐔𝐬𝐞 𝐨𝐟 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐖𝐚𝐬𝐭𝐞 𝐚𝐬 𝐁𝐢𝐨𝐦𝐞𝐭𝐡𝐚𝐧𝐞 𝐭𝐨 𝐏𝐫𝐨𝐝𝐮𝐜𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐢𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬

In terms of feedstock, the Europe biomethane market has been classified into organic household waste, animal manure, energy crops, agricultural waste, sewage sludge, industrial food processing waste, and others. The agricultural waste segment accounted for major share of 32.6% of the Europe market in 2021. The segment is estimated to expand at a significant growth rate of 7.79% during the forecast period. Biomethane feedstock includes agricultural waste such as corn stalks, straws, sugarcane leavings, bagasse, nutshell, and manure from cattle. Agricultural waste, generated in vast quantities in Europe, is a prospective feedstock for biogas production. It is being used as biomethane source to produce energy in small- and medium-scale industries. Additionally, several industries use biomethane as fuel for their manufacturing and production processes.

𝐏𝐨𝐰𝐞𝐫 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐎𝐟𝐟𝐞𝐫 𝐋𝐮𝐜𝐫𝐚𝐭𝐢𝐯𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐁𝐢𝐨𝐦𝐞𝐭𝐡𝐚𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Based on application, the power generation segment dominated the Europe biomethane market with 43.9% share in 2021. Furthermore, the segment is expected to grow at a notable CAGR of 7.4% during the forecast period. Power generation is anticipated to be an attractive segment of the market during the forecast period. Biomethane fuel is used in combustion engines, which convert it into mechanical energy, thus powering an electric generator to produce electricity.

Several technologies are available to generate electricity from biomethane at the household level. In principle, the chemical energy of combustible gases is converted into mechanical energy in a controlled combustion system by a heat engine. This mechanical energy activates a generator to produce electrical power.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=84843

Gas turbines and combustion engines are the commonly used heat engines in biomethane energy conversion. Combustion engines can be either internal combustion engines or external combustion engines.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐢𝐨𝐦𝐞𝐭𝐡𝐚𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

In terms of volume, Germany held 39.20% share of the Europe biomethane market in 2021. Rise in demand for biomethane in Germany can be ascribed to the growth of the power sector in the country. The U.K. and Sweden are also prominent users of biomethane, in terms of volume. These countries held 16.1% and 13.2% share, respectively, of the Europe biomethane market in 2021. The demand for biomethane in the U.K. is anticipated to increase in the near future, owing to the rise in transportation infrastructure and increase in deployment of vehicles using biomethane fuel as compressed natural gas CNG and liquefied natural gas (LNG).

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐢𝐨𝐦𝐞𝐭𝐡𝐚𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The Europe biomethane market comprises several small- and large-scale manufacturers and suppliers who control majority of the share. Most of the firms are adopting new technologies and strategies with comprehensive research and development activities, primarily to develop and prioritize eco-friendly energy sources. Diversification of product portfolios and mergers & acquisitions are key strategies adopted by major players. EnviTech Biogas AG, PlanET Biogas Global GmbH, Gasrec Ltd., SGN, Future Biogas Limited, VERBIO, Gazasia Ltd., Schmack Carbotech Gmbh, ETW ENERGIETECHNIK Gmbh, ORBITAL, and J V Energen are the prominent entities operating in the market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

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