Biomethane Market Share Analysis
Biomethane, also known as renewable natural gas (RNG), is primarily produced through anaerobic digestion or the purification of biogas.
WILMINGTON, DELAWARE, UNITED STATES, July 8, 2024 /
EINPresswire.com/ -- Allied Market Research recently published a comprehensive report titled "
Biomethane Market by Feedstock, Production Method, and Application: Global Opportunity Analysis and Industry Forecast, 2023-2032". The report forecasts that the biomethane market is poised to grow from $3.1 billion in 2022 to $5.5 billion by 2032, exhibiting a notable CAGR of 5.7% during the forecast period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
https://www.alliedmarketresearch.com/request-sample/12315
Biomethane, also known as renewable natural gas (RNG), is primarily produced through anaerobic digestion or the purification of biogas. It finds extensive applications in power generation, automotive fuel, and heating due to its environmental benefits and energy security advantages. Key factors driving market growth include financial incentives, supportive policies, versatile applications, ongoing R&D activities, successful waste management solutions, and the environmental benefits associated with biomethane.
The market faces challenges such as technological complexities in production methods, optimizing cost-effectiveness, and efficiency. Nonetheless, countries are increasingly reducing their reliance on fossil fuels by utilizing locally available sustainable waste materials, thereby enhancing energy security and mitigating geopolitical risks.
The report segments the market by feedstock (organic household waste, animal manure, energy crops, agricultural waste, sewage sludge, and industrial food processing waste), production method (anaerobic digestion, gasification, and fermentation), and application (power generation, automotive, and others). Among these, the energy crop segment is expected to exhibit the highest growth rate, driven by its high energy content and ease of conversion into biomethane through anaerobic digestion.
Regionally, Asia-Pacific leads the biomethane market, supported by initiatives in countries like China and India to promote renewable energy sources, including biomethane production from diverse organic waste sources.
Key market players include AB HOLDING SpA, ETW Energietechnik GmbH, CNG Services Ltd., PlanET Biogas Global GmbH, Orbital Gas Systems, Gazasia Ltd., Future Biogas Ltd., Ecofinity, VERBIO Vereinigte BioEnergie AG, and EnviTec Biogas AG. These players are actively engaged in product launches, collaborations, expansions, and strategic partnerships to strengthen their market presence globally.
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞:
https://www.alliedmarketresearch.com/biomethane-market/purchase-options
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