The Biomethane Market size was valued at USD 5431.40 Million in 2023 and the total Biomethane revenue is expected to grow at a CAGR of 6.08% from 2024 to 2030, reaching nearly USD 8210.06 Million by 2030.
What is Biomethane Market scope?
The Biomethane Market is expanding rapidly due to the increasing focus on sustainable energy solutions and decarbonization efforts across various sectors. As a renewable alternative to conventional natural gas, biomethane is derived from organic waste sources such as agricultural, municipal, and industrial waste. The market covers a wide range of industries, including transportation, heating, and power generation, offering substantial growth opportunities. Key regions driving this expansion include Europe, the United States, and India, with Europe expected to see a tenfold increase in production by 2030. The transport sector, in particular, is anticipated to become a major consumer of biomethane, replacing conventional compressed and liquefied natural gas.
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As governments worldwide introduce favorable policies and incentives, including mandates and investment programs, the biomethane market is poised to expand significantly. This is particularly evident in Europe’s aim to achieve large-scale decarbonization and the U.S.’s Renewable Fuel Standard (RFS) and California’s Low Carbon Fuels Standard (LCFS), which support increased biomethane production. In regions like India, biomethane is becoming integral to rural energy needs and urban transportation, further highlighting its market potential. The diversity in feedstock and the potential for trading based on carbon intensity create additional avenues for growth in the global biomethane market.
Biomethane Market Trends:
A key trend in the biomethane market is the increasing integration of biomethane into the transportation sector, especially in Europe and the United States. This shift is largely driven by governmental commitments to decarbonization, investment in infrastructure, and policies aimed at reducing the carbon footprint of transport fuels. As biomethane offers a low-carbon alternative to natural gas, its adoption is expected to replace conventional fuels in heavy-duty transportation, contributing significantly to emissions reduction targets. Additionally, the growing trend of blending biomethane with natural gas, particularly in regions like India, is expected to further accelerate the market’s growth, with mandates in place to gradually increase the biomethane share in gas grids.
What are Biomethane Market Dynamics?
The biomethane market is primarily driven by the global push for decarbonization and the transition to sustainable energy sources. The increasing demand for renewable alternatives in sectors such as transportation and industrial heating is a major catalyst for the market’s growth. Favorable government policies, incentives, and investments are also driving market expansion, particularly in Europe and the U.S., where biomethane production is expected to grow substantially over the next decade. The emergence of trading opportunities, with the ability to exploit differences in carbon intensity and regional pricing, offers attractive gross margins for traders. As a result, early market participants are well-positioned to benefit from shaping and capturing value in this evolving landscape.
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How is the Europe Biomethane Market Expected to grow?
Currently, Europe is the world’s top producer of both biogas and biomethane. In order to fulfill the need for renewable energy by 2030 and meet climate targets by 2050, the region is increasing the production of these renewable gasses. At the moment, the EU produces enough biomethane to cover about 2% of its total natural gas usage. As a result, in 2023 the region dominated the growth of the worldwide biomethane market and held the greatest market share. Driven by the need to generate power, the biogas sector is currently shifting its focus to biomethane as a result of recent regulatory changes that highlight the importance of diversifying the uses of biogas. This pattern is anticipated to persist, with the majority of Europe’s biogas increase during the projection period being ascribed to the generation of biomethane from both newly constructed facilities and renovated older plants.
What is Biomethane Market Segmentation?
by Type
Oxygen
Carbon Dioxide
Nitrogen
Hydrogen
Noble Gas
Helium
Argon
Others (Neon, Krypton, Xenon, and Radon)
Others
by End Use Industry
Cement Industry
Mining Industry
Power Generation
Chemical Industry
Metallurgy
Others
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What are the key Players for Biomethane Market?
1. Air Liquide (France)
2. Engie (France)
3. Nature Energy Biogass A/S (Denmark)
4. Terega Solutions (France)
5. Waga Energy (France)
6. Total Energy (France)
7. Archea Energy (Texas)
8. Envitec Biogas AG (Germany)
9. Future Biogas Ltd. (US)
10. Gaz Métro (Énergir) – Montreal, Canada
11. Greenlane Renewables – Burnaby, Canada
12. VERBIO – Leipzig, Germany
13. Landwärme GmbH – Munich, Germany
14. Future Biogas – Cambridge, UK
15. PlanET Biogas – Vreden, Germany
16. EnviTec Biogas AG – Lohne, Germany
17. Schmack Biogas – Schwandorf, Germany
18. BioConstruct GmbH – Melle, Germany
19. Scandinavian Biogas – Stockholm, Sweden
20. BTS Biogas – Brescia, Italy
Key Offerings:
- Past Market Size and Competitive Landscape
- Biomethane Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Biomethane Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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