Emerging Methane Market Trends: Advancements in Methane Monitoring Technology The Launch of MARS by UNEP Shaping the Future of the Industry

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Methane Market Size Growth Forecast: What to Expect by 2025?
The market size of methane has seen significant growth in the past few years. It's projected to expand from a value of $116.19 billion in 2024 to $127.45 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.7%. Factors such as industrialization, energy production, agricultural activities, waste management, fossil fuel extraction, deforestation, and changes in land use have all contributed to this historical growth.

How Will the Methane Market Size Evolve and Grow by 2029?
Expectations indicate a robust expansion in the methane market in the coming years, with its value projected to reach $182.09 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.3%. This growth within the projection period can be attributed to factors such as initiatives in renewable energy, a shift towards sustainability, investments in methane control solutions, and the implementation of methane monitoring and reporting standards. Major trends during this forecast period are likely to be heightened awareness of climate change, monitoring of methane emissions, reduction of agricultural and industrial emissions, and alterations in policies and regulations.

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What Drivers Are Propelling the Growth of Methane Market Forward?
The automotive industry's growing demand is predicted to spur the expansion of the methane market. The automotive industry comprises businesses involved in manufacturing, selling, repairing, and customizing motor vehicles. Methane is utilized in the automotive sector to fuel vehicles primarily because it's a cost-effective and environmentally friendly fuel source (emits fewer harmful particles), outperforming traditional gasoline and diesel. It's typically used in light-duty automobiles in condensed form (compressed natural gas, CNG, or compressed biogas, CBG) and in liquefied form in heavy-duty, long-distance vehicles. For example, as stated in an analysis by the European Automobile Manufacturers Association, a Belgium-based standard organization, in April 2022, the global production of automobiles in 2021 reached 79.1 million, marking a 1.3% increase from the previous year. Furthermore, a report by the US Department Of Energy, a US agency overseeing nuclear infrastructure and energy policies, disclosed in March 2022 that electric vehicle (EV) sales saw an 85% surge in 2021. As a result, the escalating demand in the automotive industry is propelling the growth of the methane market.

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Which Emerging Trends Are Transforming the Methane Market in 2025?
The methane market is experiencing a surge in popularity due to significant technological advancements. To maintain their market status, leading corporations are embracing cutting-edge technologies. An exemplar of this is the United Nations Environment Programme, a company based in Kenya, that in November 2022 launched the Methane Alert and Response System (MARS). MARS is a satellite-powered initiative designed to observe and diminish worldwide methane emissions. Utilizing sophisticated satellite technology, it permits real-time supervision and pinpoints key emission sources. The system backs the Global Methane Pledge by aiming to decrease emissions by 30% before 2030. It also boosts transparency and accountability by freely disseminating data. Further technological developments of this system include immediate provision of methane emission data for quick responsive actions, monitoring emissions on a global scale in energy, waste, and agriculture industries, and incorporating multiple satellite sources for precise detection and attribution.

What Are the Key Segments in the Methane Market?
The methane market covered in this report is segmented -

1) By Source: Natural, Synthetic
2) By Production Method: Fermentation, Gasification
3) By Application: Fuel, Natural Gas, Chemical Feedstock, Liquefied Natural Gas, Liquid-Methane Rocket Fuel, Power Generation, Residential, Other Applications
4) By End Users: Automotive, Aerospace And Defense, Electrical, Chemical, Other End Users

Subsegments:
1) By Natural: Conventional Natural Gas, Biogas, Landfill Gas
2) By Synthetic: Methanol-To-Gas (MTG), Power-To-Gas, Gasification Processes

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Who Are the Key Players Shaping the Methane Market's Competitive Landscape?
Major companies operating in the methane market include BP plc, Oil and Natural Gas Corporation, IGas Energy plc, China National Petroleum Corporation, Senex Energy Limited, Shell plc, China National Offshore Oil Corporation, Metgasco Limited, G3 Exploration Ltd., Air Liquide SA, Bhuruka Gases Limited, Chengdu Taiyu Industrial Gases Co. Ltd., Linde plc, Osaka Gas Co. Ltd., Qingdao Guida Special Gas Co. Ltd., Primus Green Energy Inc., Gazprom Neft PJSC, Bharat Petroleum Corp. Ltd., Chevron Corporation, Exxon Mobil Corporation, Honeywell International Inc., TotalEnergies SE, Hess Corporation, Koch Minerals & Trading LLC

What Geographic Markets Are Powering Growth in the Methane Market?
North America was the largest region in the methane market in 2024. Europe was the second-largest region in the methane market. The regions covered in the methane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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