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Biomethane Market Size, Regional Outlook, Growth Potential, COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI4085

Biomethane Market will showcase notable growth during the forecast period of 2023-2032 as more consumers are increasing their preference for eco-friendly fuels, such as biogas and biomethane to mitigate carbon emission levels. Moreover, this product is being widely used as a renewable alternative to natural gas to supply heat and electricity in buildings and industries. These factors are expected to propel the industry growth over the coming years.
 

The automotive sector may start using biomethane products on a large scale as there is a strong emphasis on the adoption of biofuels to achieve sustainable mobility. Using biomethane in vehicles can play an important role in reducing Non-Renewable Primary Energy Consumption (NRPEC) and CO2 emissions significantly, thereby making it one of the most preferred eco-friendly gases.
 

Additionally, cancer cases are rising due to high exposure to air pollutants released from petroleum extraction and refinery plants. According to a June 2022 report by the European Environment Agency (EEA), exposure to air pollution accounted for more than 10% of all cancer cases in Europe. This factor is predicted to further boost biomethane market trends over the coming years.
 

However, factors including highly explosive nature of methane, production of unpleasant odors, and limited power generation capacity might restrain the industry development in the future.
 

In terms of type, the agricultural waste segment is set to capture a sizeable share of global biomethane market by 2032. More end-users in the agriculture industry are showing interest in biogas generated from agricultural residues and agro-food wastes. Furthermore, there is a strong focus on anaerobic digestion of residual agricultural biomass to produce biogas and reduce GHG emissions.
 

According to the U.S. Environmental Protection Agency (EPA), in 2021, energy production from manure-based anaerobic digestion systems was equivalent to 1.76 million megawatt-hours (MWh). This figure may encourage consumers in the agriculture sector to use agricultural waste to generate electricity, which will eventually bolster the market progress over the estimated timeframe.
 

North America biomethane market revenue is estimated to grow at a substantial rate over the analysis timeline. The region is witnessing a robust rise in the establishment of wastewater treatment plants (WWTPs) as they can become a potential source of energy. Sludge-to-energy systems can use the methane produced by wastewater systems, which accounts for almost 16% of the world’s greenhouse gas (GHG) emissions and convert it into electricity. Also, the growing usage of anaerobic digestion systems to produce biogas is anticipated to positively influence the regional industry outlook in the upcoming years.
 

Companies, such as Gazasia, Verbio, J V Energen, Green Elephant, Mailhem Ikos Environment, SoCalGas (San Diego Gas & Electric, Pacific Enterprises, Sempra Energy), and ETW Energietechnik, among others, are some of leading players in global biomethane market. These firms are focused on developing and implementing a wide range of corporate strategies, such as product launches, partnerships, and mergers & acquisitions to expand their business operations across the world.
 

For instance, in February 2021, Verbio Vereinigte BioEnergie AG, a German bioenergy producer, announced that its straw-to-biomethane manufacturing plant would begin operations by fall 2021. The facility, which is under development in Nevada, Iowa, has been designed to restrict air pollution caused by the massive burning of waste straws and will produce biomethane from maize straws. This is the first large-scale commercial factory in the U.S. that will use a variety of technologies created by Verbio.
 

Escalating tensions between Russia and Ukraine prompted governments across the EU to look for energy solutions outside Russia as many member nations cut back on their energy imports from the country. The Union’s REPowerEU strategy, which was introduced to boost its renewable energy generation capacity, contained a list of sustainability goals including doubling its target for biomethane production to 35 billion cubic meters (bcm) every year by 2030. These initiatives might create a positive influence on biomethane market growth.
 

What Information does this report contain?

Historical data coverage: 2018 to 2022; Growth Projections: 2023 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Kiran Pulidindi

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