Emphasis on Feedstock (Crops, Animal Manure, Municipal Solid Waste, and Municipal Wastewater); End-Use (Building, Power & Heat, Industry, and Transport); Region/Country.
The Biomethane Market is expected to reach USD 5,082.2 Million in 2030 by growing at a CAGR of 4.4%. Biomethane is a climate-friendly fuel because it has a low influence on global warming, as methane traps heat in the atmosphere 25 times more effectively than carbon dioxide. It also contributes to various countries clean energy objectives and helps diversify their gas supplies, reducing dependency on fossil fuels
Although the biomethane industry is currently very small-scale, there is growing interest in several countries, particularly because of its potential to use existing infrastructure to supply clean energy to a wide range of end users. Currently, biomethane accounts for approximately 0.1% of natural gas demand. However, there is a growing number of government measures to support the decarbonization of natural gas network supply and transportation.
Some of the major players operating in the market are Veolia Group, Air Liquide, Shell plc, Landwärme GmbH, BP p.l.c., SGN, Biokraft International AB, VERBIO, Gasum Oy, and Greenlane Biogas. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Feedstock, the Animal Manure Biomethane category to grow with significant CAGR during the forecast period”
Based on Feedstock, the Biomethane Market is divided into Crops, Animal Manure, Municipal Solid Waste, and Municipal Wastewater segments. The Animal Manure segment acquired a majority share in the Biomethane Market and is expected to showcase a substantial growth rate during the forecast period. An anaerobic digester is a system for manure treatment, not manure disposal. Cattle manure has high water and fiber contents, resulting in low biogas yields and degradation efficiency, which hamper an increased use of the biogas technology in agriculture. Upgrading biogas to biomethane can remove any CO2 and other contaminants present in the biogas. Biomethane can be produced from a wide variety of feedstocks, including animal manure from livestock including cattle, pigs, poultry, and sheep. The production of biomethane from biogas is a growing area with significant potential for further growth, although this is heavily contingent on the strength and design of policies aimed at decarbonizing gas supply in different parts of the world.
“Amongst End-Use, the power and heat category to grow with significant CAGR during the forecast period”
Based on End-Use, the Biomethane Market is divided into Building, Power and Heat, Industry, and Transport segments. The power and heat segment acquired a majority share in the Biomethane Market and is expected to showcase a substantial growth rate during the forecast period. Biomethane, also known as “renewable natural gas,” can be used in various energy sectors, including power and heat. The majority of the biogas produced in the world was used for the production of power and heat in 2018. The profitability of biomethane production depends on plant size, substrate input, and grid connection costs. Biogas can be used directly to produce electricity and heat, with an approximately equal split between electricity-only facilities and co-generation facilities.
“Europe to grow with high CAGR during forthcoming years”
Europe acquired the highest market share in the Biomethane Market and is expected to witness an influential CAGR in the forecasted period. Europe is the largest producer of biogas today. Germany is by far the largest market, and home to a third of Europe’s biogas plant capacity. Energy crops were the primary choice of feedstock that underpinned the growth of Germany’s biogas industry, but policy has recently shifted more towards the use of crop residues, sequential crops, livestock waste and the capture of methane from landfill sites. Other countries such as Denmark, France, Italy and the Netherlands have actively promoted biogas production. As the leading biogas-producing region, Europe has around 20,000 biogas plants, with the majority situated in Germany. Most are built for on-site electricity generation and co‑generation, with around 500 plants dedicated to the upgrading of biogas. Furthermore, Several countries in Europe are also developing gas-based transport infrastructure; most of Sweden’s biomethane production is used in vehicles, giving it the highest share of biomethane use in transport demand. Italy has a well-established natural gas vehicle fleet and an expanding fuelling network, and has recently introduced biomethane blending obligations.
Biomethane Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global Biomethane Market Revenue, 2020-2030f
6. Market Insights By Feedstock
7. Market Insights By End-use
8. Market Insights By Region
9. Biomethane Market Dynamics
10. Biomethane Market Opportunities
11. Biomethane Market Trends
12. Demand And Supply-side Analysis
13. Value Chain Analysis
14. Government Policies And Regulations
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Research Methodology for the Biomethane Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Biomethane market were the three major steps undertaken to create and analyze the adoption of Biomethane in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Biomethane market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Biomethane market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Biomethane market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as Feedstock, and End-Use. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Biomethane market. Further, we conducted factor analysis using dependent and independent variables such as Feedstock, and End-Use of the Biomethane market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Biomethane market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Biomethane market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Biomethane market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the Feedstock, and End-Use in the global Biomethane market.
The main objective of the Global Biomethane Market Study
The current & future market trends of the global Biomethane market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the global Biomethane market?
Q2: What are the driving factors for the growth of the global Biomethane Market?
Q3: Which segment has the largest share of the global Biomethane market by Feedstock?
Q4: What are the emerging technologies and trends in the global Biomethane market?
Q5: Which region will dominate the global Biomethane market?
Q6: Who are the key players operating in the global Biomethane market?
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