Bio-methane Market by Feedstock (Organic Residue & Wastes (Biowaste, Municipal Waste, Sewage Waste, Agriculture Waste, Others), by Production Method (Anaerobic Digestion, Gasification), by Application (Automotive, Power Generation, Others), by North America (U.S., Canada), by Europe (U.K., Germany, France, Italy, Austria, Denmark, Netherlands, Rest of Europe), by Asia Pacific (China, India, Australia, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa) Forecast 2024-2032
The Bio-methane Market size was valued at USD 6.32 GWh in 2023 and is projected to reach USD 8.84 GWh by 2032, exhibiting a CAGR of 4.91 % during the forecast period. Bio-methane is a biomass fuel that is gasified through the fermentation of organic waste/residues including animal excreta, sewage, landfill gas, and other contributors. It is a chemical equivalent of natural gas to give room for a wide range of applications like space heating or electricity creation, as well as transportation. It is a case of bacterial decomposition of organic matter in the absence of oxygen, thus methane is being released. The latest indications dramatically show the possibility of obtaining the environmental benefits and reducing greenhouse gas emissions which are the essential it is a green project. Greening of the planet more intensifies the perspective concerning biomethane, in particular in industries that implement the carbon neutrality initiative. It is a versatile and environment friendly energy source, which is one of the main reasons why it is playing a major role in the process of replacing the traditional energy sources with a cleaner one.
Feedstock:
Production Method:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.91% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.91% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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