Biomethane Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Biomethane Market Size
According to a new report published by , titled, "Biomethane Market," The biomethane market was valued at $3.1 billion in 2022, and is estimated to reach $5.5 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

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Overview
The global biomethane market was valued at $3.1 billion in 2022, and is projected to reach $5.5 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.
Biomethane holds the potential as a sustainable and viable energy solution for several compelling reasons. It boasts a considerably lower carbon footprint than traditional fossil fuels as a renewable energy source derived from organic waste materials. It plays a vital role in curbing greenhouse gas emissions, thereby supporting efforts to combat climate change by substituting conventional natural gas or diesel. Moreover, versatility of biomethane enables it to diversify the energy mix, reducing reliance on imported fossil fuels and bolstering energy security. Its scalability and adaptability make it suitable for a wide array of applications across residential, commercial, industrial, and transportation sectors. In addition, biomethane production addresses waste management challenges and aligns with the principles of a circular economy. Furthermore, this burgeoning sector generates employment opportunities and seamlessly integrates with existing energy infrastructure.

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By Feedstock
● Organic Household
● Animal Manure
● Energy Crops
● Agricultural Waste
● Sewage Sludge
● Industrial Food Processing Waste
By Application
● Automotive
● Power Generation
● Others

By Production Method
● Anaerobic Digestion
● Gasification
● Fermentation

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This release was published on openPR.