PUBLISHER: Grand View Research | PRODUCT CODE: 1530494
PUBLISHER: Grand View Research | PRODUCT CODE: 1530494
Biomethane Market Size & Trends
"2030 biomethane market value to reach USD 17.03 billion."
The global biomethane market size was estimated at USD 7.08 billion in 2023 and is estimated to grow at a CAGR of 13.4% from 2024 to 2030.Biomethane is a renewable source that is used for diverse applications such as construction, power generation, transportation, and industrial applications. The growing demand for efficient power transmission is anticipated to boost the market over the forecast period.
Biomethane is a type of gas derived from the biological breakdown of organic matter, such as agricultural waste, food waste, sewage, and other organic materials. It is a renewable energy source and is considered a sustainable alternative to fossil fuels. Biomethane is produced through a renewable process called anaerobic digestion, where microorganisms break down organic matter in the absence of oxygen, resulting in the production of biogas.
Global Biomethane Market Report Segmentation
This report forecasts revenue growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global biomethane market report based on the source, end use and region.
U.S.
Germany
France
Italy
Denmark
Netherlands
China
India
Japan
South Korea