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Biomethane Market Size, Industry Trends, Historical Data, Growth Analysis Forecast to 2032

The global biomethane market size accrued earnings worth approximately USD 3.40 billion in 2023 and is predicted to gain revenue of about USD 5.60 billion by 2032, is set to record a CAGR of nearly 5.69% over the period from 2024 to 2032.

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Biomethane, a natural gas produced through the anaerobic digestion of organic matter such as manure, wastewater, organic refuse, and deceased plant and animal matter, is an environmentally friendly energy source. Biomethane, being chemically equivalent to natural gas, finds application in the same sectors as natural gas, including electricity generation, water and chamber heating, cooking, and vehicle propulsion.

The global biomethane market is anticipated to experience significant expansion in the coming years due to the rising production of automobiles worldwide. Furthermore, in comparison to biogas, biomethane is less corrosive, which is one of its many advantageous properties that set it apart as a fuel. Moreover, biogas serves as the primary input in the production of biomethane and can be extracted from a variety of feedstock sources, including animals and vegetables. Therefore, it is the most efficient and environmentally beneficial fuel for a variety of applications.

As a result, it is anticipated that the aforementioned factors will stimulate biomethane consumption, consequently propelling the biomethane market in the coming years. Nonetheless, biomethane’s price tag of around 19% higher than that of natural gas could potentially constrain the market for biomethane in the future years. However, it is anticipated that developments in biomethane production technologies will present fresh prospects for the expansion of the biomethane market.

To provide a thorough understanding of the biomethane market for the recipients of this report, we have appended an exhaustive value chain analysis. In order to gain insight into the competitive environment of the biomethane market, an examination of Porter’s Five Forces model has also been provided. An assessment of market attractiveness is incorporated into the study, in which benchmarks are established for each segment on the basis of their market size, growth rate, and overall appeal.

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The Global Biomethane Market is segmented based on product, application and region

Global Biomethane Market: Product Segment Analysis

● Organic Household Waste
● Animal Manure
● Energy Crops
● Agricultural Waste
● Sewage Sludge
● Industrial Food Processing Waste
● Others

Global Biomethane Market: Application Segment Analysis

● Power Generation
● Automotive
● Others

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The global Biomethane market profiles key players such as:

● Gazasia
● CNG Services
● Future Biogas
● Orbital
● Verbio
● Planet JV Energen Biogas Global
● Magne Gas
● Schmack Carbotech
● Gasrec
● Biogas Products
● EnviTec Biogas
● SoCalGas
● ETW Enerietechnik

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

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