Biomethane Market Size, Industry Analysis Report, Regional Outlook (U.S, Canada, Mexico, Germany, UK, France, Italy, Spain, Netherlands, Switzerland, China, Japan, India, South Korea, Malaysia, Australia, Indonesia, Brazil, Argentina, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4085
Biomethane Market size is expected to increase owing to increasing awareness as an independent, renewable energy source and green gas features. It is widely used in the automotive sector on account of its green nature, it is eco-friendly and has minimum effect on the environment. Moreover, increasing rate of pollution coupled with high cost of petroleum fuel and government regulations on use of petroleum fuels & automobile waste emission, should stimulate market growth.
Biomethane is an organic mixture, produced by the breakdown of several materials such as municipal waste, manure, plant material, sewage, green waste, and agricultural waste. It is a renewable energy source which can be compressed in the same way as natural gas, to be used as an automotive fuel. It can be produced by anaerobic digestion or through gasification, among which, anaerobic is the most commonly used method wherein plant or animal feedstock such as green, household, agricultural, and even industrial waste is broken in anaerobic surroundings and then filtered. Biomethane gasification comprises of biomass ignition in restricted air supply to obtain a combustible gas which includes carbon dioxide, carbon monoxide, nitrogen, methane, hydrogen, water, together with contaminants like tiny char particles, tars and ash.
Biomethane market holds various applications in power generation and automotive sector for heat and electricity generation. It is widely used to generate heat as it has a heat capacity of over 130 BTU/gallon and is also utilized in industrial & commercial applications on account of its high calorific value, thus offering high energy content. Global alternative fuel market size is predicted to surpass USD 600 million by 2025 owing to decrease in oil reserves and high carbon emissions from conventional fuel sources, which should further stimulate product demand over the forecasted timeframe.
Automotive market is another key driver of biomethane, where it is injected into natural gas grids to be used as a fuel mix in transportation sector. Petroleum fuels are responsible for emission of harmful gasses in environment, which leads to several ill effects such as cancer, bronchitis, and asthma. Moreover, various governmental policies to ensure cleaner and eco-friendly fuel production have shifted global fuel market towards alternative fuel in automobiles, which is likely to increase product demand by 2025.
North America biomethane market size, led by Mexico, Canada, and the U.S. is predicted to witness significant growth owing to growing demand from automotive sector together with emission reduction of harmful gases and environment protection. It is known as the best alternative of natural gas and is filled in main gas network of vehicle for energy generation. The U.S. is the largest automotive market in the world with net vehicle sale of over 1.5 million units in June 2019 owing to significant investment in the manufacturing sector, which is likely to increase product demand by 2025.
Europe, led by Italy, France, U.K., and Germany biomethane market share, is predicted to increase on account of growing environmental concerns, financial assistance programmes & favourable policies for production of biomethane as a vehicle fuel. The net biomethane output by nineteen European countries was about 2 bcm in 2017. These countries are constantly expanding conservative energy production practices and have set targets to surpass share of renewable energy to 20 percent by 2025 in energy mix, which is predicted to stimulate product demand.
Asia Pacific biomethane market size, led by China, India, and Japan may grow over the predicted timeframe on account of technologically advanced production plants and ambitious production targets. The emergent need to reduce the import dependence and decreased crude oil reserves are augmenting growth of regional alternative fuel market. India plans to build over 5000 compressed biogas plants by 2023, which should boost product demand.
Biomethane plants produce unpleasant odours and due to highly explosive nature of methane, there is high risk of explosion, which necessitates proper supervision during transportation and production. Moreover, limited amount of energy is generated by biomethane which is likely to hamper product demand. However, various companies are adopting sustainable methods to produce biomethane by means of organic farming, which is aimed at reducing harmful emissions and major health effects, thereby boosting market growth.
Global Biomethane market share is competitive and fragmented, some of the manufacturers are Mailhem Ikos Environment, Verbio, Green Elephant, SoCalGas, ETW Energietechnik, Gazasia, and J V Energen.
Biomethane Market, By Feedstock, 2014-2025 (Tons) (USD Million)
- Industrial Waste
- Agricultural Waste
- Sewage Sludge
- Energy Crops
- Municipal Waste
Biomethane Market, By Production Method, 2014-2025 (Tons) (USD Million)
- Anaerobic Digestion
Biomethane Market, By Application, 2014-2025 (Tons) (USD Million)
- Alternative Fuel
- Electricity generation
- Heat generation
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- GM-Green Methane
- Mailhem Ikos Environment
- Green Elephant
- ETW Energietechnik GmbH
- Future Biogas Limited
- J V Energen
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