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Allied Market Research

Biomethane Market by Type (Organic Household, Waste Derived, Animal Manure, Energy Crops, Agricultural Waste, Sewage Sludge, Industrial Food Processing Waste), and Application (Automotive, Power Generation): Global trend analysis and industry forecast, 2021 to 2030

A11950
Pages: NA
Sep 2021 | 115 Views
   
Author(s) : Eswara Prasad
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Biomethane Market Outlook – 2030

Biomethane, is a natural gas, and green source of energy, which is produced by the anaerobic digestion of organic matter which is agricultural waste, green waste, household waste, food industry waste, and also industrial waste. It is also known as sustainable and renewable natural gas. The raw material utilized in the production of biomethane is biogas that can be processed from various feedstock sources like vegetables and live stocks. Thus, it is eco-friendly and one of the most efficient fuel for various uses. It can also be liquefied to acquire liquefied biomethane. It is also used in the automotive sector and power generation. Biomethane lowers the amount of carbon dioxide (CO2) emissions substantially as compared to various other fuels. Moreover, it is suitable for a variety of different engine types and all transport modes.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Segments Covered

 Type, Application, and Region

 Regions Covered

 North America, Europe, Asia-Pacific, LAMEA

 Companies Covered

CNG Services, Planet Biogas Global, VERBIO, Future Biogas, Magne Gas, Gasrec, Gazasia, Biogas Products, SGN, Schmack Carbotech, EnviTec Biogas, SoCalGas, ETW Enerietechnik, ORBITAL, JV Energen


COVID-19 Impact analysis

  • The COVID-19 pandemic has given countries the unique opportunity for rebuilding on low-carbon, sustainability programs to deal with increasing concerns over climate change. The situation has triggered regions to shift away from fossil fuels toward eco-friendly technologies, with Europe leading the market.
  • In addition, the pandemic has helped the biomethane market because in the situation of pandemic people preferred more natural and organic source of power and the biomethane market profited from it because it is natural and safe for use, and this trend will help the market to grow even more.

Top Impacting Factors

Due to high efficiency and eco-friendliness of the fuel, the demand for biomethane is expected to boost the market. Increase in usage of biomethane for power generation to meet the required electricity demand is also one of the key factors for boosting the growth of the market. Moreover, positive government regulations are encouraging market demand. However, high investment and installation cost will hamper the growth of the market.

Some of the key elements boosting market growth consider high potential usage of biomethane in the power generation and automobile sector, increasing demand for bio-based fuel for power generation plants, swift industrialization and increasing environmental concerns.

Market Trends

  • North America is anticipated to have significant market growth during the forecast period, due to the increasing demand from automobile segment with emission reduction of toxic gases and environment protection. Nevertheless, the establishments of new biomethane facilities in the U.S. continue to convert the power requirements of the globe and encourage the industry to expand with feasible coal and GHG reduction alternatives. The U.S. is the major benefactor to the North American biomethane market.
  • The farmers in Asia-Pacific use mixed farming, which states that they not only have plantation and agriculture land, but they also raise livestock. Moreover, livestock structure differs widely depending upon the geographic location. Due to variety cultures and religions, the mixtures of livestock are different in some areas. It is important to keep in mind the availability and preferences of manure in order to raise the social acceptance of biogas users: cows, pigs, and/or hens.
  • Europe, led by Italy, France, U.K., and Germany are the major countries with high consumption of biomethane. It is anticipated to rise on account of growing environmental concerns, monetary assistance programs & beneficial policies for production of biomethane as a vehicle fuel.

Key Segments Covered

Type

  • Organic Household
  • Waste Derived
  • Animal Manure
  • Energy Crops
  • Agricultural Waste
  • Sewage Sludge
  •  Industrial Food Processing Waste

Application

  • Automotive
  • Power generation
  • others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Benefits of the Report

  • This study presents the analytical depiction of the biomethane industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the biomethane market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the biomethane market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed biomethane market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the biomethane market Report

  • Who are the leading market players active in the biomethane market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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