The global biomethane market gas has witnessed massive traction in the recent past and has attracted a number of new companies, making the competitive dynamics highly dynamic and competitive. The market has seen a large number of companies upgrading their production technologies and capacities in order to stay ahead of the competition. Some of the leading companies in the market are Planet Biogas Global GmbH, CNG Services Ltd., VERBIO, SGN, EnviTec Biogas AG, Future Biogas Ltd., Gazasia Ltd., ETW Energietechnik GmbH, Magne Gas, Schmack Carbotech GmbH, Biogas Products Ltd., Gasrec, SoCalGas, ORBITAL, and JV Energen.
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According to the report, the global biomethane market is expected to expand at a promising 6.7% CAGR from 2017 to 2025, rising from a valuation of US$1,485.4 mn in 2016 to US$2,624.5 mn by 2025.
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From a geographical standpoint, the global market is presently dominated by the North America and Europe regions. Collectively, these regional markets account for a lion’s share in the overall market, thanks to rising demand from the automotive sector. Regulations pertaining to environment protection and emission reduction of harmful gases in these regions are key to the increased adoption as well as production of biomethane.
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This review of the global biomethane market is based on a recent market research report by Transparency Market Research, titled “Biomethane Market (Feedstock - Organic Household Waste, Animal Manure, Energy Crops, Agricultural Waste, Sewage Sludge, and Industrial Food Processing Waste; Application - Automotive and Power Generation; Production Method - Fermentation and Gasification) - Global Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.”
For the study, the market has been segmented as follows:
Global Biomethane Market: by Feedstock
- Organic Household Waste
- Animal Manure
- Energy Crops
- Agricultural Waste
- Sewage Sludge
- Industrial Food Processing Waste
- Others
Global Biomethane Market: by Application
- Automotive
- Power Generation
- Others
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