Global biomethane market is anticipated to grow at a significant CAGR of 13.3% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of waste management and circular economy, government incentives and subsidies and increasing technology advancement related to anaerobic digestion. Various countries such as China, India, US accelerate the development of a low-carbon and circular economy following the group's strategic plan and sustainable objectives and offer more attractive incentives to make biogas production economically attractive. For instance, in July 2022, Air Liquide invested and operated its first biomethane production unit in China. Located in Huai’an City, in the Jiangsu Province, the unit has a production capacity of 75 GWh per year. This project demonstrates a circular economy and low-carbon approach, in line with the Group’s Sustainable Objectives and strategic plan advance. The biomethane into the city gas grid to be used for household consumption and also generate electricity for its own consumption and injection into the electrical grid.
Browse the full report description of “Biomethane Market Size, Share & Trends Analysis Report by Production Process (Anaerobic Digestion & Fermentation and Thermal Gasification), by Feedstock (Energy Crops, Agriculture Residues & Animal Manure and Municipal Waste), by Distribution Mode (Pipeline Injection, Compressed Natural Gas, and Liquified Natural Gas), and by Application (Transportation, Power Generation, and Industrial) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/biomethane-market
The deployment of biomethane trucks, as well as investment in domestic biomethane energy production play an important part in helping the market players to achieve its target of net-zero emissions. For instance, in September 2023, DHL Supply Chain has operating biomethane fuelled trucks with an investment worth €80 million ($86.262 million) into a dedicated biomethane production facility in Cork, run by Stream BioEnergy.The new facility provide fuel for up to 150 trucks, resulting in an annual carbon reduction of 15,000 tonnes, the equivalent of more than 38 million miles driven by an average petrol-powered passenger vehicle.
Various market players partnered for recovering waste through the production of biomethane, and thereby the circular economy, for sustainable development. For instance, in February 2022, TotalEnergies and Veolia have signed an agreement to produce biomethane from Veolia waste and water treatment facilities operating in more than 15 countries. The partnership develops and co-invest in a portfolio of international projects, with the ambition to produce up to 1.5 terawatt-hours (TWh) of biomethane per year by 2025.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Production process
o By Feedstock
o By Distribution Mode
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Air Liquide Energies, ENGIE SA, Eni S.p.A., MVVEnergie AG, and Wärtsilä Corp. among others.
Key questions addressed by the report.
Global Biomethane Market Report Segment
By Production Process
By Feedstock
By Distribution Mode
By Application
Global Biomethane Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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