The global bio-methane market is likely to expand considerably in the coming years due to the rising uptake of bio-methane as a transportation fuel. According to a report by Fortune Business Insights, titled “Bio-methane“ Market Size, Share and Global Trend By Source (Agricultural waste, Municipal solid waste, Animal manure, Sewage sludge, Food waste), By Application (Automobile, Power Generation), By Technology (Fermentation, Gasification) and By Geography Forecast till 2027,” the market is likely to gain traction in the coming years due to a high demand for natural gas alternatives.
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Global warming has been an ongoing issue and although it cannot be completely stopped, there is a bundle of ways that can help reduce the effects of harmful gases. The primary concern would be replacing fuels such as petrol and diesel with sustainable alternatives. Bio-methane is an excellent source of transportation and acts as an excellent alternative for fuels. The demand for bio-methane may increase in the coming years due to advancements in the production of natural gas through waste, including food, degradable items, manure, and others.
Top Players Overview:
- Clarke Energy
- CNG Ltd
- Future Biogas Ltd
- Bio Green USA, Inc.
- Orbital Gas Systems Ltd.
- Landwärme GmbH
- VERBIO North America Corporation
- EnviTec Biogas AG
- PlanET Biogas USA
Researchers Break Ground With New Theory for Bio-Methane Production
In 2017, engineers from the Michigan Technological University have come up with a new theory for production of bio-methane. The scientist claim that bio-methane produced through from anaerobic digestion can emit fewer harmful gases than the natural gas. The distillation of bio-methane from cow manure and other food wastes can reduce the use of fossil natural gases. This process can also help minimize emissions through landfill wastes. This concept may overcome the problems associated with bio-methane emission. The ‘waste-to-power’ concept can lead to an increase in demand for bio-methane. Fortune Business Insights predicts that this factor will favor the growth of the global bio-methane market in the coming years.
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Key Market Driver – Demand for clean and renewable energy form
Key Market Restraint – Technology is not fully developed
Key Segmental Overview:
1. By Source
- Agricultural waste
- Municipal solid waste
- Animal manure
- Sewage sludge
- Food waste
2. By Application
- Power Generation
3. By Technology
4. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Bio-methane Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Bio-methane Market.
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.
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Major Table of Content For Bio-methane Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Bio-methane Market Analysis, Insights and Forecast, 2027
- North America Bio-methane Market Analysis, Insights and Forecast, 2027
- Europe Bio-methane Market Analysis, Insights and Forecast, 2027
- Asia Pacific Bio-methane Market Analysis, Insights and Forecast, 2027
- Middle East and Africa Bio-methane Market Analysis, Insights and Forecast, 2027
- Latin America Bio-methane Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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