The global biomethane market is poised to grow at a robust growth rate throughout the period of forecast, to register a high CAGR of 6.7% during 2017-2025. Also, the biomethane market is expected to be valued at about US$ 2.6 Bn by the end of 2025.
Albany, NY -- (SBWIRE) -- 09/20/2017 -- "Biomethane Market: Global Industry Size, Analysis, Growth, Trends, Share and Forecast 2017-2025" is a new comprehensive research study covering various applications, production methods, and feedstock types pertaining to biomethane across major regions of Asia Pacific (APAC), North America, Europe, Latin America along with Middle East and Africa (MEA). This research report has been included in the research report database of Market Research Reports Search Engine (MRRSE), which is a research report hub of more than a thousand fully analyzed research reports covering the entire product/service ecosystem that can support the reader to achieve his/her organization's objectives pertaining to that respective industry. Along with several developments, trends, SWOT, opportunities, drivers and challenges, the research report on the global biomethane market involves a worldwide perspective, giving biomethane market forecasts eight years (2017-2025) down the line.
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Global Biomethane Market: Forecast
According to the research report on the global biomethane market, the market is poised to witness significant growth in the coming years. The global biomethane market is poised to grow at a robust growth rate throughout the period of forecast, to register a high CAGR of 6.7% during 2017-2025. Also, the biomethane market is expected to be valued at about US$ 2.6 Bn by the end of 2025.
Global Biomethane Market: Segmental Snapshot
Global biomethane market is categorized by feedstock (animal manure, organic household waste, agricultural waste, energy crops, industrial food processing waste, sewage sludge, and others), by application (automotive, power generation and others), by production method (fermentation and gasification) and by region.
- By application type, the automotive segment is expected to show high potential in the years to come. The automotive segment accounted for a noteworthy share in 2016 and this trend is expected to continue from 2017 to 2025. This segment is anticipated to show dominance in the global biomethane market by application
- By feedstock, agricultural waste is a widely used type of feedstock in the global biomethane market. Moreover, the animal manure segment by feedstock also reflects good potential growth in the coming years
- In 2016, North America and Europe regions accounted for a substantial market share. This trend is anticipated to carry on during the assessment period (2017-2025). Europe's significant share is the result of financial assistance favoring biomethane production along with a high consumption rate of biomethane, which is used as an alternate source of fuel
Global Biomethane Market: Dynamics
Robust growth rate of the global biomethane market can be attributed to biomethane's green gas characteristic. Another major aspect that fuels the expansion of the global biomethane market is its increased usage in the energy generation sector and in the automotive industry. Biomethane is used as an alternative source of fuel in the automotive industry in several regions across the globe. The main reason to use biomethane as fuel is the increasing awareness of using a cleaner as well as a renewable energy source. Also, factors such as laws favoring the use of biomethane and financial support programs for the production of biomethane on a large scale are contributing to the development of the global biomethane market
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Global biomethane Market: Competition Analysis
The global biomethane market research report focuses on the activities of the key players in the market. To name a few tier companies, JV Energen, ORBITAL, ETW Energietechnik GmbH, SoCalGas, EnviTec Biogas AG, Schmack Carbotech GmbH, Biogas Products Ltd., Gazasia Ltd., Gasrec, Magne Gas, VERBIO, Future Biogas Ltd., PlanET Biogas Global GmbH, SGN and CNG Services Ltd., are profiled in the research report.
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