Biomethane market is anticipated to grow at a significant CAGR of 13.3% during the forecast period (2024-2031). The growing adoption of renewable energy and sustainability goals, increasing demand for biomethane as a vehicle fuel, and government incentives and policies are the key factors supporting the growth of the market globally. The increasing technological advancement in anaerobic digestion & fermentation and thermal gasification results in an increase in the production of biomethane. According to the World Biogas Association (WBA), in January 2024, combined global biogas and biomethane production increased 17.0% from 2017 to over 1.6 ExaJoules in 2022. The most growth in Europe and North America in the near term with India and China in the longer term. Almost half of current global biogas production is based in Europe, another 21.0% is produced in China, followed by the US (12.0%) and India (9.0%).
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Based on the application, the global biomethane market is sub-segmented into transportation, power generation and industrial. Among these, the power generation sub-segment is expected to hold the largest share of the market. The primary factor supporting the segment’s growth includes the growing adoption of biomethane as a clean and sustainable energy source for electricity production. With its renewable nature and minimal environmental impact, biomethane offers a comprehensive solution to the growing focus of governments and energy stakeholders on lowering carbon emissions in the power industry. Biomethane is a flexible and readily available fuel for power generation owing to advances in anaerobic digestion and gas upgrading technology, which allow for a smooth integration into the current natural gas infrastructure.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Biomethane Market by Production Process
- Anaerobic Digestion & Fermentation
- Thermal Gasification
Global Biomethane Market by Feedstock
- Energy Crops
- Agriculture Residues & Animal Manure
- Municipal Waste
Global Biomethane Market by Distribution Mode
- Pipeline Injection
- Compressed Natural Gas
- Liquified Natural Gas
Global Biomethane Market by Application
- Transportation
- Power Generation
- Industrial
Regional Analysis
- 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
Company Profiles
- Biogas Products Ltd.
- BIOKRAFT INTERNATIONAL AB
- bmp greengasGmbH
- CNG Fuels Ltd.
- Evo Energy Technologies
- Future Biogas Ltd.
- Greenlane Renewables Inc.
- IES Biogas
- MBPSolutions
- MVVEnergieAG
- PlanET Biogas Group GmbH
- TOTALENERGIES GAS MOBILITY B.V.
- Veolia Water Solutions &Technologies
- VerbioSE
- WärtsiläCorp.
- WELTECBIOPOWER GMBH
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biomethane market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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