Biomethane Market Expansion Outlook: $5.05 Billion in 2029

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What Is the Projected CAGR for the Biomethane Market from 2024 to 2025?
The size of the biomethane market has seen significant expansion in the past few years. It's expected to escalate from a valuation of $3.79 billion in 2024 to somewhere around $4.04 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.7%. This growth throughout the historic period could be due to several factors such as the elevation of renewable energy goals, enhancement in waste management policies, heightened energy security, ramped up initiatives for circular economy, intensified decarbonization efforts, developed infrastructure, and an increased demand and acceptance within the market.

What are the Expected Market Size and CAGR for Biomethane by 2029?
The biomethane industry is projected to exhibit robust expansion in the coming years, with its value expected to reach $5.05 billion by 2029, escalating at a compound annual growth rate (CAGR) of 5.7%. This growth during the prediction phase is attributed to various elements such as heightened climate policy goals, proliferating mandates for green gas, augmenting strategies for circular bioeconomy, improved urban air quality, broadening of the biofuel market, and the rise in sustainability certification and traceability. Some significant trends anticipated in the projection period involve mounting interest in alternatives for renewable fuel, growth of biogas upgrading facilities, acceptance as a clean energy source for transport, amalgamation with organic waste management systems, the formation of sustainable supply chains, the growth of biomethane injections, cooperation between governing bodies and industry participants, advancements in production technology, and application of certification schemes.

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Which Factors Are Driving the Global Biomethane Market Expansion?
The biomethane market is anticipated to grow due to an escalating inclination towards clean and green fuels. Such energy sources are characterized by their eco-friendliness and sustainability, yielding negligible pollutants or greenhouse gases throughout their manufacture and usage. The popularity of clean and green fuels is on the rise as they provide a sustainable and low-impact substitute to traditional fossil fuels. Biomethane, as a source of clean energy, delivers multiple benefits that meet the objectives of environmental sustainability, economic advancement, and societal welfare. For example, the U.S. Energy Information Administration (EIA) reported in June 2023 that nonfossil fuel energy sources made up 21% of the U.S. energy consumption in 2022, marking a 3% increase from the previous year. This growth was propelled by a key input from nonfossil fuel sources such as renewables and nuclear, accounting together for 21% of the country's energy consumption in 2022. Therefore, the accelerating preference for clean and green fuel is fueling the expansion of the biomethane market.

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Which Segment Currently Holds the Largest Share of the Biomethane Market?
The biomethane market covered in this report is segmented -

1) By Feedstock: Organic Household Waste, Animal Manure, Energy Crops, Agricultural Waste, Sewage Sludge, Industrial Food Processing Waste, Other Feedstocks
2) By Production Method: Anaerobic Digestion, Gasification, Fermentation, Other Production Methods
3) By End User: Automotive, Power Generation, Industrial, Other End Users

Subsegments:
1) By Organic Household Waste: Kitchen Waste, Garden Waste, Organic Household Refuse
2) By Animal Manure: Cattle Manure, Poultry Manure, Pig Manure, Other Livestock Manure
3) By Energy Crops: Maize Silage, Grass Silage, Sorghum, Other Energy Crops
4) By Agricultural Waste: Crop Residues (Straw, Husks), Fruit And Vegetable Waste, Agricultural Byproducts
5) By Sewage Sludge: Primary Sludge, Secondary Sludge, Tertiary Sludge
6) By Industrial Food Processing Waste: Food Processing Residues (Fruit And Vegetable Peels), Dairy Waste, Beverage Industry Waste, Other Food Processing Byproducts
7) By Other Feedstocks: Green Waste, Wood Waste, Algae, Other Organic Waste

Which Major Trends Are Shaping the Future of the Biomethane Industry?
Key corporations in the biomethane market are intensifying their efforts in establishing new biomethane production infrastructures in order to optimize their financial gain in the industry. The purpose of these infrastructures is to generate biomethane, a renewable form of natural gas obtained from organic matter via methods such as anaerobic digestion or comparable biological activities. For instance, the UK-based biomethane manufacturing company, CycleO Group Limited, inaugurated their inaugural biomethane facility with ammonia stripping capabilities in Spain, in September 2023. This facility will process manure into sustainable versions of ammonium nitrate and sulfate, suitable for use as fertilizers. Capable of achieving a maximum yield of 15,000 MWh annually, it is CycleØ's second operational entity in Spain and it is the first facility that the company has fully developed, owned, constructed, and managed within the country. This installation will contribute to the reduction of nitrate contamination and greenhouse gas emissions on local farms.

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Which Key Players Dominate the Biomethane Industry Globally?
Major companies operating in the biomethane market are E.ON SE, Air Liquide S.A, The Southern California Gas Company, VERBIO SE, Société Générale de Surveillance, Veolia Group, Envitec Biogas AG, Orbital Gas Systems, Future Biogas Ltd., Green Gas International, ETW Energietechnik GmbH, Biokraft International AB, Gasrec Ltd., PlanET Biogas Global GmbH, CNG Services Ltd., Biogas Products Ltd., Nature Energy, Landwärme GmbH, AB HOLDING SPA, ENVO Group, Cryon Purr, Schmack Carbotech GmbH

What Are the Fastest-Growing Regions in the Biomethane Market?
Europe was the largest region in the biomethane market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the biomethane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This release was published on openPR.