The global biomethane market is witnessing high demand due to the green gas characteristic of biomenthane. Use of biomethane in the power generating and in automotive industry is promoting the growth of the global biomethane market. The rise in automotive industry in emerging and developed countries is directly positively impacting the market. The developed countries across the world are continuously looking new sources of renewable energy. Awareness about the climate change has led many countries to focus more on renewable energy and cleaner energy for producing energy. This has made many countries to uptake the biomethane for producing renewable source of energy. The uptake of biomethane is more in European countries, as they have set a target to rely 80% of their energy need from renewable energy by 2050 from 20% in 2020.
In a report Transparency Market Research (TMR) states that the global biomethane market is estimated to worth of US$2624.5 mn by 2025 from US$1485.4 mn in 2016. The market is expected to exhibit a CAGR of 6.7% during the forecast period from 2017 to 2025.
Recently, Orbital Gas Systems, which is completely owned by CUI Global, has received a primary order for its GasPti analyzers from Europe’s one of the leading industrial manufacturing corporation. According to sources, the organization is planning to deploy the GasPTi analyzers in its biomethane-to-grid solution. GasPti is actually a combination of two parent gas technologies, named VE Technology sample probe and system and GasPT analyzer. This is created in a revolutionary and a unique way in order to identify the quality of the natural gas. The two primary order for GasPTi devices is the start of major development of the technology by this major European energy infrastructure supplier.
Biomethane Gas Curbs Emission of Harmful Green Gas in Automotive Industry
The global biomethane market finds its application into power generation and automotive sector. The automotive sector against power generating sector is projected to hold a major share of the global biomethane market. The automotive industry is expected to contribute significant volume of green gas emissions, use of biomethane gas in automotive sector is predicted to curb such emissions and will protect the environment. Biomethane can be used in place of the natural gas as both of them have the same properties. Thus, biomethane can be siphoned to natural gas grids and consumed as fuel mix in transportation unit.
On the basis of feedstock, the global biomethane market is segmented into animal manure, agricultural waste, energy crops, and industrial food processing waste, sewage sludge, household waste, and others. Agricultural waste is widely used feedstock type. Apart from agricultural waste, animal manure holds a leading share in the feedstock type in the biomethane market.
Request to view Sample Report:
The global biomethane market is majorly spread across Latin America, North America, Middle East and Africa, and Asia Pacific. North America and Europe accounted for a major share of the overall market in 2016, and is expected to continue to do so, in terms of consumption and production. Apart from this, the rules and regulation in Europe is favoring the growth of the market in the region. Germany, Sweden, France, Switzerland are some of the major domestic market that have a significant foothold in the international biomethane market. These countries are adopting biomethane as the best alternative for nonrenewable energy. Latin America and Asia Pacific are predicted to grow with increase in consumption of renewable source of energy.