Global Biomethane Market Poised for Significant Growth, Projected to Reach USD 8210.06 Million by 2030
Summary:
The global biomethane market, valued at USD 5431.40 million in 2023, is expected to grow at a CAGR of 6.08% from 2024 to 2030, reaching approximately USD 8210.06 million by the end of the forecast period. This growth is driven by the increasing demand for renewable energy solutions and the need for sustainable alternatives in industries such as transportation, power generation, and chemical production.
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Global Biomethane Market Overview
The global biomethane market is experiencing robust growth, driven by the urgent need to reduce greenhouse gas emissions and transition to renewable energy sources. Biomethane, a sustainable and carbon-neutral alternative to natural gas, is increasingly being adopted across various industries, including transportation, power generation, and chemical production. This market report aims to provide a comprehensive understanding of the global biomethane market, including its definition, segmentation, market potential, significant trends, and challenges.
Market Size
The global biomethane market was valued at USD 5431.40 million in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 6.08% from 2024 to 2030, reaching nearly USD 8210.06 million by 2030. This growth is fueled by increasing investments in renewable energy, favorable government policies, and the rising demand for sustainable energy solutions across various sectors.
Market Overview
The primary goal of this report is to provide a detailed analysis of the global biomethane market, helping stakeholders understand the market dynamics, key trends, and challenges. The market statistics and information presented in this report have been obtained from credible sources, including company websites, annual reports, industry journals, and expert interviews. The data has been thoroughly examined and validated by industry professionals to ensure accuracy and reliability.
Market Scope
This report covers the global biomethane market, providing insights into its size, growth potential, and key trends. The report also explores the impact of major drivers, such as the increasing demand for renewable energy, advancements in biomethane production technologies, and supportive government policies. Additionally, the report examines the challenges faced by the market, including high production costs and the need for significant infrastructure investments.
Market Segmentation
The global biomethane market is segmented based on type and end-use industry.
By Type:
- Oxygen
- Carbon Dioxide
- Nitrogen
- Hydrogen
- Noble Gas
- Helium
- Argon
- Others (Neon, Krypton, Xenon, and Radon)
By End-Use Industry:
- Cement Industry
- Mining Industry
- Power Generation
- Chemical Industry
- Metallurgy
- Others
Major Manufacturers
- Air Liquide (France)
- Engie (France)
- Nature Energy Biogass A/S (Denmark)
- Terega Solutions (France)
- Waga Energy (France)
- Total Energy (France)
- Archea Energy (Texas)
- Envitec Biogas AG (Germany)
- Future Biogas Ltd. (US)
- Gaz Métro (Énergir) - Montreal, Canada
- Greenlane Renewables - Burnaby, Canada
- VERBIO - Leipzig, Germany
- Landwärme GmbH - Munich, Germany
- Future Biogas - Cambridge, UK
- PlanET Biogas - Vreden, Germany
- EnviTec Biogas AG - Lohne, Germany
- Schmack Biogas - Schwandorf, Germany
- BioConstruct GmbH - Melle, Germany
- Scandinavian Biogas - Stockholm, Sweden
- BTS Biogas - Brescia, Italy
- Agraferm Technologies AG - Pfaffenhofen, Germany
- Agrinz Technologies GmbH - Vienna, Austria
- Puregas Solutions - Kalmar, Sweden
- Nature Energy – Denmark
Regional Analysis
The report provides an in-depth analysis of the global biomethane market across key regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The regional analysis highlights the market size, growth potential, and key trends in each region, along with the major players operating in these markets.
COVID-19 Impact Analysis
The COVID-19 pandemic had a significant impact on the global biomethane market. The pandemic led to disruptions in supply chains, delays in project timelines, and a temporary decline in demand. However, the market is expected to recover as economies reopen and investments in renewable energy projects increase.
Key Questions Answered
- What is the function of biomethane in the global energy market?
- What is the expected revenue generation of the global biomethane market by 2030?
- At what growth rate is the global biomethane market expected to expand?
- Who are the major players operating in the global biomethane market?
Table of Contents: Function as a Service Market
• Part 1: Overview of Function as a Service Market
• Part 2: Epigenetics Carts: Global Market Status and Forecast by Regions
• Part 3: Global Market Status and Forecast by Types
• Part 4: Global Market Status and Forecast by Downstream Industry
• Part 5: Market Driving Factor Analysis
• Part 6: Market Competition Status by Major Manufacturers
• Part 7: Major Manufacturers Introduction and Market Data
• Part 8: Upstream and Downstream Market Analysis
• Part 9: Cost and Gross Margin Analysis
• Part 10: Marketing Status Analysis
• Part 11: Market Report Conclusion
• Part 12: Epigenetics: Research Methodology and Reference
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