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Pulished Date November, 2021
ID: 12386
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Biomethane Market Segmentation by Feedstock Analysis (Industrial food processing waste, Energy crops, Organic household waste, Agricultural waste, and others), By production method (Fermentation and Gasification), By End-user (Power generation, Automotive, and Others) and Region - Industry Forecast of 2021 to 2026

Pulished: November, 2021
ID: 12386
Pages: 180

Biomethane Market Value & Growth Rate:

Biomethane Market size was worth US$ 1.69 billion in 2021 and is anticipated to increase at US$ 2.7 billion by 2026, registering with a CAGR of 6.5% during the forecast period. 

Biomethane Market Scenario:

Biomethane is a natural gas created through the anaerobic digestion of organic matter such as agricultural waste, green waste, domestic garbage, food industry waste, and even industrial waste. Natural gas that is renewable and sustainable is another name for it. Biogas is the primary material for biomethane synthesis, and it can be made from a variety of sources such as plants and animals. As a result, it is both environmentally benign and the most efficient fuel for various uses. To make liquified biomethane, it is liquefied. It's frequently used in the automobile and power generation industries. When compared to other fuels, biomethane reduces CO2 emissions dramatically. Furthermore, it is appropriate for all engine types and forms of transportation.

Biomethane Market Drivers and Restraints:

The market is expanding as more biomethane is used for power generation to fulfill the growing electricity demand. Furthermore, favorable government rules encourage market demand. As the use of biomethane as a transportation fuel rises in an increasing number of nations worldwide and the creation of biogas-based power plants, the Biomethane Market is expected to grow. Renewable natural gas will continue to be in high demand on the market. The need for biogas producers is increasing in tandem with the desire for alternative energy sources. The demand for biomethane is predicted to fuel the expansion of the Biomethane Market since it is an environmentally benign and highly efficient fuel. In addition, the increasing use of biomethane for power generation to meet the global need for electricity is predicted to promote market growth. 

Gasification and fermentation are the two processes for producing biomethane. Gasification is a biomass thermochemical conversion process. Biomass is broken down utilizing a high temperature of 700-800°C and high pressure in the presence of a gasifying agent, such as oxygen in the environment, in this process. Biomass produces a mixture of gases known as syngas or synthesis gas under these conditions. Hydrogen, carbon monoxide, and methane are all components of synthetic gas. Syngas is converted to biomethane by eliminating acidic and corrosive elements. To produce methane, catalysts such as silica gel are needed to initiate a reaction between hydrogen, carbon dioxide, and carbon monoxide.

Furthermore, favorable assistance for biomethane generation from developed nations is driving biomethane market expansion. One of the primary reasons driving revenue growth in the biomethane market is the rising demand for biomethane due to growing environmental concerns. Furthermore, significant industrial expansion in developing nations is predicted to increase demand for biomethane for power generation, boosting revenue growth in the biomethane market over the forecast period. In addition, rapid industrialization, rising private investment in biomethane production, favorable governmental policies for biomethane production in various countries, and a growing preference for clean and green fuel are all expected to drive revenue growth in the global biomethane market throughout the forecast period.

Biomethane is highly flammable. The production and transportation of biomethane from one location to another necessitate extreme prudence. This is a significant factor projected to limit the global biomethane market's revenue growth throughout the forecast period.

Recent Developments in the Global Biomethane Market:

  • On May 14th, 2021, the world's largest biomethane refueling station will be opened by CNG Fuels. Near Bristol, UK, CNG Fuels will open the world's largest public biomethane refueling station for heavy goods vehicles (HGVs). The new station, which is anticipated to open by the end of the year, will allow fleet operators to use low-carbon fuel, contribute to net-zero ambitions, and save money. 

  • On June 16th, 2021, Future biogas tends to construct 25 new plants with the help of CCS (Carbon Capture and Storage) capabilities.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

 2021 - 2026

CAGR

  6.5%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

CNG Services, Planet Biogas Global, VERBIO, Future Biogas, Magne Gas, Gasrec, Gazasia, Biogas Products, SGN, Schmack Carbotech

Biomethane Market Segmentation: 

By Feedstock Analysis

  • Industrial food processing waste

  • Energy crops

  • Organic household waste

  • Agricultural waste

According to Feedstock Analysis, the market is divided into Organic Household Waste, Energy Crops, Agricultural Waste, Industrial Food Processing Waste, and Others. In 2020, the agricultural waste category had the most significant revenue share in the global market. This segment is expected to be driven by regulatory bodies' increased attention on decreasing GHG emissions and rising demand for bio-gas generated from agricultural waste. Biogas, a renewable fuel source, is produced by agricultural plants using organic elements found on farms. These plants are made to consume energy crops that have been specifically grown for the use of agriculture wastes. In India, biogas plants are known as Gober gas plants. APAC farmers practice mixed farming, which entails having both plantation and cattle land. Furthermore, the genetic make-up of cattle differs substantially by region. In addition, different cultures and faiths have resulted in a variety of livestock combinations in some areas.

By Production method:

  • Fermentation
  • Gasification

The worldwide biomethane market has been divided into two categories based on the technique of production: gasification and fermentation. In 2020, the fermentation category had the most significant revenue share in the global market. Fermentation provides several advantages, including low initial investment, a more straightforward procedure, considerable efficacy, and environmental friendliness, which would boost this market. Biomethane is produced using a variety of techniques, one of which is gasification. Carbon-based or organic-based chemicals are converted to hydrogen, carbon monoxide, and carbon dioxide in this process. In addition, gasification generates electricity, which is considered a renewable energy source. 

By End User

  • Power generation
  • Automotive
  • Others

The power-generating segment is predicted to have the largest market share and grow at a rapid rate. Biogas plant waste is used as organic manure/fertilizer to improve soil fertility and reduce commercial fertilizers, either immediately or after drying. It's also free of weeds, foul odors, and infections. Thus it's non-polluting. Vehicle fuel has a considerable market share due to its widespread use in reducing pollution from car fuel. When biogas fails to match the compressed natural gas (CNG) fuel requirements, hydrogen sulphide is removed, resulting in biomethane.

Biomethane Market Regional Analysis: 

Biomethane Market Report includes the segmentation of Regions:

  1. North America is expected to increase significantly throughout the projected period, owing to rising demand from the vehicle segment, which is concerned with reducing hazardous gas emissions and protecting the environment. Nonetheless, new biomethane plants being built in the United States continue to convert the world's power needs and urge the business to expand with viable coal and GHG reduction options. As a result, the United States benefits the most from the North American biomethane market.

  2. Due to increased natural gas use and imports, Asia Pacific, has the most biomethane potential.

  3. The most significant countries with high biomethane consumption include Europe, Italy, France, the United Kingdom, and Germany. Due to growing environmental concerns, financial aid programs, and favorable legislation for biomethane production as a vehicle fuel.

  4. Latin America

  5. Middle Eat & Africa

Impact of COVID-19 on Biomethane Market:

The COVID-19 epidemic has provided countries with a once-in-a-lifetime opportunity to rebuild on low-carbon, long-term sustainability plans to address growing worries about climate change. As a result of the scenario, areas have begun to migrate away from fossil fuels and toward environmentally friendly technologies, with Europe leading the way.Furthermore, the pandemic has aided the biomethane market because people choose more natural and organic sources of electricity in a pandemic situation. The biomethane market has benefited from this trend because it is natural and safe to use. This trend will continue to aid the global biomethane market's growth.

Biomethane Market Key Players:

The companies covered in the report include:

  1. CNG Services

  2. Planet Biogas Global

  3. VERBIO

  4. Future Biogas

  5. Magne Gas

  6. Gasrec

  7. Gazasia

  8. Biogas Products

  9. SGN

  10. Schmack Carbotech

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Biomethane Market, By Feedstock Analysis                 

                                6.1.1 Industrial food processing waste   

                                6.1.2 Energy crops          

                                6.1.3 Organic household waste 

                                6.1.4 Agricultural waste

                                6.1.5 others       

                                6.1.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.7 Y-o-Y Growth Rate Analysis              

                                6.1.8 Market Attractiveness Index           

                6.2 Biomethane Market, By production method                

                                6.2.1 Fermentation        

                                6.2.2 Gasification            

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

                6.3 Biomethane Market, By End-user                     

                                6.3.1 Power generation

                                6.3.2 Automotive            

                                6.3.3 Others      

                                6.3.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.5 Y-o-Y Growth Rate Analysis              

                                6.3.6 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Biomethane Market, by Region                           

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Feedstock Analysis        

                                7.2.3 By production method      

                                7.2.4 By End-user            

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Feedstock Analysis        

                                7.3.3 By production method      

                                7.3.4 By End-user            

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Feedstock Analysis        

                                7.4.3 By production method      

                                7.4.4 By End-user            

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Feedstock Analysis        

                                7.5.3 By production method      

                                7.5.4 By End-user            

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Feedstock Analysis        

                                7.6.3 By production method      

                                7.6.4 By End-user            

8. Key Player Analysis                                    

                8.1 CNG Services                             

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Planet Biogas Global                               

                8.3 VERBIO                        

                8.4 Future Biogas                            

                8.5 Magne Gas                 

                8.6 Gasrec                          

                8.7 Gazasia                        

                8.8 Biogas Products                        

                8.9 SGN               

                8.10 Schmack Carbotech                              

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Biomethane Market By Region, From 2021-2026 ( USD Billion )

  2. Global Biomethane Market By Feedstock Analysis, From 2021-2026 ( USD Billion )

  3. Global Industrial food processing waste Market By Region, From 2021-2026 ( USD Billion )

  4. Global Energy crops Market By Region, From 2021-2026 ( USD Billion )

  5. Global Organic household waste Market By Region, From 2021-2026 ( USD Billion )

  6. Global Agricultural waste Market By Region, From 2021-2026 ( USD Billion )

  7. Global others Market By Region, From 2021-2026 ( USD Billion )

  8. Global Biomethane Market By Production method , From 2021-2026 ( USD Billion )

  9. Global Fermentation Market By Region, From 2021-2026 ( USD Billion )

  10. Global Gasification Market By Region, From 2021-2026 ( USD Billion )

  11. Global Biomethane Market By End-user, From 2021-2026 ( USD Billion )

  12. Global Power generation Market By Region, From 2021-2026 ( USD Billion )

  13. Global Automotive Market By Region, From 2021-2026 ( USD Billion )

  14. Global Others Market By Region, From 2021-2026 ( USD Billion )

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