Press Release

Global Biomethane Market to Showcase Noteworthy Growth with Increasing Consumption of Renewable Energy

The Global Biomethane Market is projected to grow at a CAGR of around 6.5% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The usage of biomethane is remarkably diverse, covering an array of sectors such as energy, transport, industry, and housing. It constitutes an essential element of the transition to a more sustainable energy future, thus reducing GHG emissions & promoting energy security as well as sustainability. The role of biomethane in reducing fossil fuel dependency & mitigating climate change is expected to increase further with technological advancement and infrastructure development, thus paving the way for a more environmentally friendly world.

Further, the Biomethane Market is steadily gaining momentum as numerous countries are investing in the infrastructure & regulatory frameworks to produce biomethane. Moreover, biomethane-based renewable energy source has the potential to reshape the global energy landscape, thus making it an attractive market globally. Furthermore, biomethane usage not only promotes energy security but also advances the transition to a low-carbon future, making it a key player in the global effort to combat climate change, further states the research report, “Global Biomethane Market Analysis, 2024.”

Global Biomethane Market Segmentation Analysis

Agricultural Waste to Hold a Significant Position in the Global Biomethane Market

Based on the feedstock, the market is fragmented into Organic Household Waste, Animal Manure, Agricultural Waste, Sewage Sludge, Organic Industrial Waste, and Energy Crops. Of all, Agricultural waste held a prominent share of the Biomethane Market, encompassing a broad range of materials such as crop residues, animal manure, and organic by-products.

With the increasing consumption of agricultural waste in biomethane production, it is being recognized as a valuable resource globally. As countries worldwide continue to recognize the value of agricultural waste as a feedstock for biomethane production, the industry is poised for further expansion.  

Asia-Pacific to be a Represent as a Major Market for Biomethane

Asia-Pacific is experiencing an escalating growth in the Biomethane Market in recent years. The region is home to some of the world's most populated and rapidly industrializing countries. With this growth comes increased environmental concerns, including air & water pollution, deforestation, and greenhouse gas emissions. Biomethane, as a renewable and clean energy source, aligns with the region's efforts to mitigate these environmental challenges and reduce its carbon footprint.

Further, with the rising climate concern, some Asian countries are experiencing consequences, including rising temperatures, extreme weather events, and sea-level rise. Therefore, many countries across the region have committed to reducing their greenhouse gas emissions as part of international climate agreements. This, in turn, is supporting biomethane production to achieve emission reduction targets, further boosting the Asia-Pacific Biomethane Market.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Air Liquide, Gasum, Nature Energy, Archea Energy, ETW Energietechnik GmbH, EnviTec Biogas AG, TotalEnergies, Future Biogas, JV Energen, Renergon International AG, StormFisher, Centrica plc, VERBIO, Waga Energy, E. ON SE, BIOKRAFT INTERNATIONAL AB, Clean Energy Fuels, Engie, and Others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Global Biomethane Market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?