What is Biomethane Market?
Biomethane is a natural gas, which is produced through anaerobic respiration. In addition, it is also produced by various organic matter namely plant and animal waste, sewage, green waste, industrial waste, manure, and others. Teeming from the increasing demand for electricity and heat generation is likely to be a prime driver for the global biomethane market. It is expected to expand at a CAGR of 6.7% from 2018 to 2025
The market study is being classified by Type (Organic Household Waste Derived, Animal Manure, Energy Crops, Agricultural Waste, Sewage Sludge and Industrial Food Processing Waste), by Application (Automotive, Power Generation, Heat Generation, Electricity Generation and Alternative Fuel) and major geographies with country level break-up.
EnviTec Biogas AG (Germany), VERBIO Vereinigte (Germany), BioEnergie AG (Germany), Future Biogas Limited (United Kingdom), CNG Services Ltd (United Kingdom), PlanET Biogas Global GmbH (Canada), Gazasia Ltd (United Kingdom), Landwärme GmbH (Germany), Qila Energy (United Kingdom) and Evergaz (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are WELTEC BIOPOWER GmbH (Germany), ETW Energietechnik GmbH (Germany) and StormFisher Environmental (Canada).
Research Analyst at AMA predicts that Germany Vendors will contribute to the maximum growth of Global Biomethane market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Biomethane market by Type, Application and Region.
On the basis of geography, the market of Biomethane has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Potential Usage of Biomethane in the Automotive as well as Power Generation Sector
- Development of Innovative Ways for Waste Treatment in Biogas Plants
Market Trend
- Technology Advancement in Biomethane Products
Restraints
- Stringent Safety Regulation Regarding Biomethane
Opportunities
- Rising Demand from Emerging Economics such as India, China and others
Challenges
- Lack of Awareness and Low Availability of Biogas Plants
Market Leaders and some development strategies
In 2017, the United Nations Industrial Development Organization has entered into a partnership with the Global Environment Facility. In this partnership, it launched an industrial waste generated biogas project. Hence, this partnership will help in strengthening the position of the company in South Africa
In February 2019, the Aemetis, Inc. (United States) Company has launched construction of biomethane digesters. Hence, this will turn to propel the growth of the market in the future. and In March 2019, the Cardigan (France) Company has announced for more than 1,000 biomethane production plants operating in thirty-four countries, up from 720 at year-end 2017. Therefore, this announcement will help in strengthening the position of the company in France.
Key Target Audience
Potential Investors, Research and Development Institutes, Industry Association and Experts, Research Organisation and Consulting Companies, Automobile Manufacturers, Heat and Energy Manufacturers and Electricity Generating Organisations