Impact Assessment of COVID-19 Outbreak on Biomethane Market

 

Global Biomethane Market: Snapshot

The global biomethane market is on a growth trajectory mainly due to the green gas characteristic of biomethane. Biomethane is produced by the natural breakdown of organic matter, which includes agricultural waste, green waste, household waste, food industry waste, and even industrial waste. The process involves disintegration of organic material in an anaerobic environment to produce biogas, which is further purified to produce biomethane.

Request PDF Brochure :https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12380

A significant factor fuelling growth of the biomethane market is the high potential usage of biomethane in the automotive and power generation sector. The developed countries of the world are increasingly diversifying conventional energy production practices to include renewable sources for energy needs. The recently concluded Climate Change Conference in Paris has led many countries to include more of renewables and cleaner fuels for energy production. In particular, the European countries have set targets to increase the share of renewable energy to 20% by 2020 and to increase it to 80% by 20250 in the energy mix.

A report by Transparency Market Research forecasts the global biomethane market to reach a valuation of US$2,624.5 mn by 2025 increasing from US$1,485.4 mn in 2016 at a CAGR of 6.7% between 2017 and 2025.

Request For Discount :https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=12380

Automotive Sector to Contribute Significantly to Market Growth

In terms of application, the global biomethane gas has been segmented into automotive sector and power generation in this report. Of the two, the automotive sector is expected to account for significant share of the global biomethane market. As the automotive sector is responsible for significant volume of greenhouse gas emissions, the usage of biomethane as an automotive fuel will directly benefit the environment in terms of reduced emissions. The similar properties between biomethane and natural gas allows the latter to be substituted by the former. Thus, biomethane can be injected to natural gas grids and used a fuel mix in the transportation sector.

The feedstock segments of the global biomethane market are organic household waste, animal manure, energy crops, agricultural waste, sewage sludge, industrial food processing waste, and others. Of these, agricultural waste is extensively used feedstock type in the biomethane market. Animal manure also accounts as a leading feedstock type in the biomethane market.

Explore Transparency Market Research’s award-winning coverage of the global Industry:https://www.prnewswire.com/news-releases/precipitated-silica-market-to-touch-us-5-bn-by-2027-application-paves-way-to-green-tires-in-automotive-tmr-301096907.html

Favorable Laws for Biomethane Production Makes Europe Frontrunner

The key regional segments of the global biomethane market that are considered in this report are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In 2016, Europe and North America held significant share of the overall market on account of significant biomethane production and consumption. The trend is expected to continue until the end of the forecast period in 2025. In addition, in European countries, favorable laws and financial assistance programs for production of biomethane is also benefitting the growth of biomethane market in the region. Sweden, Germany, Switzerland, and France are some key domestic markets for biomethane production that have standing in the global biomethane market. These countries have higher rate of adoption of biomethane as an alternative fuel.

Asia Pacific and Latin America markets for biomethane are expected to expand significantly with renewables increasingly being used in the energy mix.

CNG Services Ltd., Planet Biogas Global GmbH, VERBIO, Future Biogas Ltd., Magne Gas, Gasrec, Gazasia Ltd., Biogas Products Ltd., SGN, Schmack Carbotech GmbH, EnviTec Biogas AG, SoCalGas, ETW Enerietechnik GmbH, ORBITAL, and JV Energen are some of the leading players operating in the global biomethane market.

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.