Biomethane Market - Global Industry Size, Share, Trends, Competition Opportunity, and Forecas

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Feedstock Type (Agricultural Waste, Animal Manure, Organic Household Waste, Energy Crops, Others)

6.2.2. By Production Method (Fermentation v/s Gasification)

6.2.3. By Application (Automotive, Power Generation, Others)

6.2.4. By Region (Asia-Pacific, Europe, North America, South America, Middle East & Africa)

6.2.5. By Company (2023)

6.3. Market Map

Europe Biomethane Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Feedstock Type

7.2.2. By Production Method

7.2.3. By Application

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Biomethane Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Feedstock Type

7.3.1.2.2. By Production Method

7.3.1.2.3. By Application

7.3.2. France Biomethane Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Feedstock Type

7.3.2.2.2. By Production Method

7.3.2.2.3. By Application

S.

7.3.3. United Kingdom Biomethane Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Feedstock Type

7.3.3.2.2. By Production Method

7.3.3.2.3. By Application

7.3.4. Sweden Biomethane Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Feedstock Type

7.3.4.2.2. By Production Method

7.3.4.2.3. By Application

7.3.5. Netherlands Biomethane Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Volume

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Feedstock Type

7.3.5.2.2. By Production Method

7.3.5.2.3. By Application

7.3.6. Denmark Biomethane Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Volume

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Feedstock Type

7.3.6.2.2. By Production Method

7.3.6.2.3. By Application

7.3.7. Italy Biomethane Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Volume

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Feedstock Type

7.3.7.2.2. By Production Method

7.3.7.2.3. By Application

North America Biomethane Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Feedstock Type

8.2.2. By Production Method

8.2.3. By Application

8.2.4. By Country

8.3. North America: Country Analysis

S.

8.3.1. United States Biomethane Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Feedstock Type

8.3.1.2.2. By Production Method

8.3.1.2.3. By Application

8.3.2. Mexico Biomethane Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Feedstock Type

8.3.2.2.2. By Production Method

8.3.2.2.3. By Application

8.3.3. Canada Biomethane Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Feedstock Type

8.3.3.2.2. By Production Method

8.3.3.2.3. By Application

Asia-Pacific Biomethane Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Feedstock Type

9.2.2. By Production Method

9.2.3. By Application

9.2.4. By Country

9.3. Asia-Pacific: Country Analysis

9.3.1. India Biomethane Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Feedstock Type

9.3.1.2.2. By Production Method

9.3.1.2.3. By Application

9.3.2. China Biomethane Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Feedstock Type

9.3.2.2.2. By Production Method

9.3.2.2.3. By Application

S.

9.3.3. Japan Biomethane Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Feedstock Type

9.3.3.2.2. By Production Method

9.3.3.2.3. By Application

9.3.4. Australia Biomethane Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Volume

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Feedstock Type

9.3.4.2.2. By Production Method

9.3.4.2.3. By Application

9.3.5. South Korea Biomethane Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Volume

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Feedstock Type

9.3.5.2.2. By Production Method

9.3.5.2.3. By Application

South America Biomethane Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Feedstock Type

10.2.2. By Production Method

10.2.3. By Application

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Biomethane Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Feedstock Type

10.3.1.2.2. By Production Method

10.3.1.2.3. By Application

10.3.2. Argentina Biomethane Market Outlook

10.3.2.1. Market Size & Forecast 10.3.2.1.1. By Volume 10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Feedstock Type 10.3.2.2.2. By Production Method 10.3.2.2.3. By Application

S.

10.3.3. Chile Biomethane Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Feedstock Type

10.3.3.2.2. By Production Method

10.3.3.2.3. By Application

11. Middle East & Africa Biomethane Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Feedstock Type

11.2.2. By Production Method

11.2.3. By Application

11.2.4. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. South Africa Biomethane Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Volume

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Feedstock Type

11.3.1.2.2. By Production Method

11.3.1.2.3. By Application

S.

11.3.2. Saudi Arabia Biomethane Market Outlook

11.3.2.1. Market Size & Forecast

By Volume

11.3.2.2. Market Share & Forecast

11.3.3. UAE Biomethane Market Outlook

11.3.3.1. Market Size & Forecast

Market Share & Forecast

Market Overview

Scope of Report

Product of Interest (POI): Biomethane

Biomethane, also known as Renewable Natural Gas (RNG) is a near-pure source of Methane produced either by upgrading biogas (which typically is a mixture of methane, carbon dioxide and small quantities of other gases produced by anaerobic digestion of organic matter in a non-oxygenated environment) or through the gasification of solid biomass followed by methanation.

Market Segmentation

FEEDSTOCK TYPE

• Agricultural Waste

• Animal Manure

• Organic Household Waste

• Energy Crops

• Others

PRODUCTION METHOD

• Fermentation

• Gasification

REGION

• Asia-Pacific

• Europe

• North America

• South America

• Middle East & Africa

APPLICATION

• Automotive

• Power Generation

• Others

ResearchMethodology

Methodology Landscape Research Methodology

Profiling

Formulating Questionnaire

In-depth secondary research was conducted to determine top companies in Global Biomethane Market, overall market size and segmental market size.

In order to conduct industry experts’ interviews, TechSci formulated a detailed Survey Questionnaires.

Developing list of Respondents

List of top companies and industry specialists was developed.

TechSci conducted interviews with industry experts and leadings companies for data collection and verification.

Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Global Biomethane Market.

✓ Identifying Key Opinion Leaders ✓ Questionnaire Design

✓ In-depth Interviews

Recent Developments

Market Changing Aspects/Dynamics

Government Policies ✓ Final Conclusion

Research Methodology

Objective of The Study

To analyze the historical growth in the market size of the Global Biomethane Market from 2019 to 2023.

To estimate and forecast the market size of the Global Biomethane Market from 2024 to 2029 and the growth rate until 2029.

To classify and forecast the Global Biomethane Market based on feedstock type, production method, application, region, and company.

To analyze and forecast the market size in terms of Feedstock Type (Agricultural Waste, Animal Manure, Organic Household Waste, Energy Crops, Others), Production Method (Fermentation v/s Gasification), and Application (Automotive, Power Generation, Others)

To analyze and forecast the market size in terms of 5 region and different countries in each region : North America (United States, Canada, Mexico), Europe (France, Germany, United Kingdom, Sweden, Netherlands, Denmark, Italy), Asia Pacific (China, India, Japan, South Korea, Australia), South America (Brazil, Chile, Argentina) and Middle East & Africa (South Africa, Saudi Arabia, UAE)

To identify drivers, challenges, and trends for the Global Biomethane Market.

To examine competitive developments in the Global Biomethane Market, such as expansions, mergers & acquisitions.

To identify and analyze the profile of leading companies in the Global Biomethane Market and the top 5 companies market share.

Baseline Methodology

Our research team has relied on primary and secondary research to gather market size and market data. The team has monitored and analyzed various aspects of the Global Biomethane Market. The team has studied the outlook of multiple segments such as feedstock type, production method, application, regional sales, and the companies of this market. The study includes historical data for 2019, 2020, 2021, and 2022, base data for 2023, estimated year data for 2024 and forecast data for 2025, 2026, 2027, 2028, and 2029, which will enable our clients to make better decisions while planning their strategy to achieve sustainability in the Global Biomethane Market.

Research Methodology

Formulation of the Scope

The base year is a reference point used as a starting point, for comparison in various analyses and forecasts. It serves as the foundation against which changes, growth, or trends are measured.

The review period refers to the time span during which historical data is examined, analyzed, and reviewed. It is the period of time leading up to the base year and is used to establish the baseline for comparison and understand trends

The forecast period is a future-oriented timeframe during which predictions or projections are made based on current/ historical data and analysis. It extends beyond the base year and allows for estimations of potential future outcomes.

The market could be defined by a specific industry, product/service. The market then is further divided into meaningful segments based on demographics, psychographics, behavior, geography, or product/service categories. This helps in analyzing the market more effectively, along with estimating the size of each segment.

Assumptions and Limitations:

The base currency considered is USD. Based on the average exchange rate for the corresponding review period years, other currencies have been converted to USD. The projection period's exchange rate conversion was calculated using the conversion rates from the base year. The base year considered for this study is 2023. The historic period considered for this study is from 2019 to 2022. The estimated year for the study is 2024. The forecast CAGR considered is for the period of 2024E-2029F.

Note: 2023 being the base year, 2019-2022 is the review period, 2024 is estimated year and 2025-2029 is the forecast period for analyzing the market in between 2019-2029.

Research Methodology

Sources of Research

TechSci Research has used a combination of secondary and primary research sources (free telephonic and face-to-face interviews and incentivized telephonic and face-to-face interviews with the respondents) to capture the data. We have an extensive network of respondents of participants in the value chain, industry experts, and customers to obtain relevant insights and navigate data challenges.

Secondary Research

It comprises desk research, in which our research team conducted a preliminary assessment of the information available through secondary sources. Below is the categorization given for each reference from which the data was sourced, and further, that data was used for the data triangulation and estimation of the market sizes and market shares.

Industry Associations

• European Biogas Association (EBA)

• American Biogas Council (ABC)

• Canadian Biogas Association (CBA)

• International Gas Union (IGU)

News Portals/Secondary Sources

• World Bank

• Company Annual Reports

• Factiva

• Hoovers

• EMIS

• Business Wire

• TechSci Research Proprietary Database & Knowledge Repository

• Industry Reports

• News Dailies

Research Methodology

Primary Research : Our research team maintains survey questionnaires with a set of questions and topics and responses from the primary respondents. The survey questionnaires are administered through telephonic or face-to-face interviews and surveys online or by email with the value chain participants. Surveys (online or by email) or field surveys are done to gather customer opinions. Interviews with industry experts are done through telephone or face-to-face interviews only. Below is a set of exercises done with the help of primary interviews through our network of respondents, such as value chain participants, industry experts, and customers, to obtain relevant insights and gather the required information.

Value Chain participants (Biomethane companies)

Sample Size = 5-10

• Survey Questionnaires

✓ Telephonic Interviews

✓ Face-to-Face Interviews

• Surveys

✓ Online

✓ email

• Partial List of Companies Interviewed

✓ EnviTec Biogas AG

✓ CNG Services Ltd.

✓ Future Biogas Ltd.

✓ Verbio SE

✓ PlanET Biogas Global GmbH

✓ Gasrec Ltd.

✓ Biogas Products Ltd.

✓ Carbotech Gas Systems GmbH

✓ Southern California Gas Company (SoCalGas)

End Users/Customers Industry Experts

Sample Size = 100

• Surveys

✓ Online

✓ email

• Field surveys

✓ Face-to-Face Interviews

• Voice of Customers

✓ Brand Awareness

✓ Demand, By Feedstock Type

✓ Demand, By Application

Sample Size = 5

• Survey Questionnaires

✓ Telephonic Interviews

✓ Face-to-Face Interviews

Research Methodology

Approach for the Market Study

TechSci Research follows two types of approaches for the assessment of the market:

The Bottom-Up approach of market analysis starts with a granular analysis of specific countries, segments, companies and then builds up to form a broader understanding of the overall market. This method focuses on gathering detailed data and insights at the micro level and then aggregating them to draw conclusions about the larger market.

The Top-Down Approach of market analysis involves starting with a broad view of the overall market and then narrowing down to specific segments or niches. It typically begins with analyzing macroeconomic factors and industry trends and then drilling down to understand the specific market segments, target customers, and potential opportunities.

Bottom-Up Approach 80%

Methodology Followed for Calculation of Market Size & Market Shares:

Market Size By Value: Market size, in terms of value, for the year 2023 was calculated based on information collected through exhaustive secondary research and primary surveys with various key opinion leaders i.e., value chain participants, such as Biomethane companies, market influencers, industry experts.

The team interviewed 5-10 critical value chain participants, majorly from Biomethane companies. The respondents have been working at responsible positions in Biomethane companies. The team interviewed 100 end users/customers for the Voice of Customer section and 5 industry experts associated with the Biomethane industry from the last two decades were also interviewed. This exercise obtained the overall market size during 2019-2023, validated by multiple round of interviews. Considering standard deviation, the market size was averaged out to arrive at the market size data during 2019-2023.

Research Methodology

Market shares by feedstock type, by production method, by application, by region, and by the company and current and future market growth rates were calculated based on the responses received through primary surveys with the value chain participants, in which the respondents were asked about the market shares or revenue generated from various segments of Global Biomethane market. The final percentage shares were calculated by taking the geometric mean of growth estimates, and company wise revenue shares generated across various segments were considered to arrive at the final market percentage shares after eliminating the outliers.

Forecasting Methodology:

TechSci Research performed periodical checks on data collected through the surveys with logic checks and analysed the survey results using statistical tools.

Data Triangulation & Validation:

Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Global Biomethane market, TechSci Research used various forecast techniques such as:

Moving Average Method For Time Series Analysis: The average of the data set of the market's historical data was considered for data forecasting. This technique is beneficial for forecasting short-term trends and is a widely used method for time series forecasting. Yearly moving average of historical data was used for estimating the trend values for time series forecasting.

After estimating the trend values based on yearly moving average methods, seasonal variations were calculated from the actual data. After getting these two as a basis, market sizes were predicted for the forecasting years.

Regression Analysis: In this technique, multiple linear regression analysis was practiced, which involves using a regression model to estimate the value of the dependent variable on the numerous independent and directly related variables. The values of the independent variable were typically those assumed to determine the values of the dependent variable. Based on the historical trend of market data of two or more independent variables, the data of the Global Biomethane market was forecasted with the help of statistical tools

Research Methodology

Econometric and Judgmental Analysis: Relationships with the economic variables, majorly macro-economic variables, were considered to forecast the data, combined with incorporating intuitive judgment and opinions. This technique is majorly used when there is no historical data, and the market is totally niche, new, and unique.

Note: (a) Sum of some shares may not be 100% due to round off till two decimal places.

Allied Industry Parameters Studied:

Global Renewable Energy Market Outlook

Global Waste Management Market Outlook

Global Natural Gas Market Outlook

Global Wastewater Treatment Market Outlook

Global Chemicals Market Outlook

Global Biopharmaceutical Market Outlook

Global Medical Devices Market Outlook

Global Construction Materials Market Outlook

Global Pharmaceutical Market Outlook

Global Biotechnology Market Outlook

Global Chemical Synthesis Market Outlook

Market Overview

▪ The global biomethane market has witnessed significant growth in recent years, driven by increasing environmental concerns, government incentives, and the growing demand for renewable energy sources. Biomethane, also known as renewable natural gas (RNG), is a sustainable fuel produced from organic waste sources such as agricultural residues, municipal solid waste, and wastewater treatment plants. This renewable energy source offers several advantages, including reduced greenhouse gas emissions, waste diversion, and energy security, contributing to the transition towards a low-carbon economy. One of the key drivers of the global biomethane market is the growing focus on decarbonization and climate change mitigation efforts. Governments worldwide are implementing policies and regulations to promote the use of renewable energy sources, including biomethane, to reduce reliance on fossil fuels and curb greenhouse gas emissions. Additionally, increasing public awareness of environmental issues has led to greater demand for sustainable energy solutions, further propelling the growth of the biomethane market.

▪ A notable trend in the biomethane market is the expansion of production capacity and infrastructure development. Countries across Europe, North America, and Asia are investing in biogas upgrading facilities and pipeline networks to transport biomethane to endusers, including residential, commercial, and industrial sectors. Furthermore, advancements in biogas purification and upgrading technologies have improved the efficiency and cost-effectiveness of biomethane production, making it a viable alternative to conventional natural gas.

▪ However, the biomethane market also faces several challenges that may hinder its growth trajectory. One such challenge is the high upfront costs associated with biogas plant construction and infrastructure development. Despite the long-term economic and environmental benefits of biomethane production, securing financing for initial investments remains a barrier for many project developers. Additionally, regulatory uncertainties and permitting processes can delay project implementation and increase project risks, particularly in emerging markets.

▪ The COVID-19 pandemic has had both positive and negative impacts on the global biomethane market. On one hand, the pandemic has highlighted the importance of resilient and sustainable energy systems, driving renewed interest in renewable energy sources such as biomethane. On the other hand, disruptions to supply chains, construction activities, and financing availability have slowed down the pace of biomethane project development in some regions. However, as economies recover and governments prioritize green recovery initiatives, the biomethane market is expected to rebound and continue its upward trajectory.

Recent Developments

Key Industry Developments

• In 2024, Tokyo Gas and Mitsui orchestrated the importation of around 40,000 cubic meters of biomethane from U.S. landfills to Japan's Ohgishima LNG terminal, marking the inaugural delivery of its kind to the country. This arrangement extends from continuous e-methane feasibility investigations led by a consortium, inclusive of Tokyo Gas, at the Cameron LNG facility in the United States.

• In 2024, InfraVia Capital Partners has launched Heygaz Biomethane, a Pan-European platform targeting the rapidly growing renewable natural gas market in Europe. Heygaz results from the merger of two biomethane production facilities from Molgas and biomethane developer Efedos. The platform's approach involves establishing and strengthening a network of biomethane production facilities in key expanding markets in Europe, utilizing opportunities for both new construction and the redevelopment of existing sites.

• In 2023, DWS, acting on behalf of its third institutional Pan-European Infrastructure Fund (PEIF III), partnered with MEAG, the asset manager for Munich Re and ERGO, to acquire full ownership of Weltec Holding GmbH. Weltec is a prominent player in Germany's biogas and biomethane production sector.

• At COP27 in Sharm El-Sheikh in November 2022, IMEO unveiled the Methane Alert and Response System (MARS), a satellitedriven platform designed to identify methane emissions. Initially targeting major sources within the energy sector, MARS is slated for future expansion to encompass additional methane-emitting industries like waste management and livestock.

• In June 2022, a GMP Energy Pathway was unveiled during the Major Economies Forum on Energy and Climate with the aim of expediting methane emissions reductions within the fossil energy sector. Additionally, GMP Food and Agriculture Pathway and GMP Waste Pathway were introduced during COP27 sidelines. The Methane Ministerial, hosted by the U.S. and the EU, convened during COP27 to showcase advancements and deliberate on next steps for implementation, emphasizing intensified endeavors leading up to COP28.

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TechSci Research is a Canada market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving By Productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and Canada industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.