Renewable Natural Gas (Biomethane) – A sustainable Carbon Neutral Fuel option: NextGen Technological Advancements, Professional Survey

Posted On June 19th, 2019 - 10:05 am | by omkar

The global biomethane is on a growth trajectory mainly due to the green gas characteristic of biomethane. Biomethane is produced by the natural breakdown of organic matter, which includes agricultural waste, green waste, household waste, food industry waste, & even industrial waste. The process involves disintegration of organic material in an anaerobic environment to produce biogas, which is further purified to produce biomethane.

According to the report, the worldwide biomethane market is predicted to expand at a promising 6.7% CAGR from 2017 to 2025, rising from a valuation of US$1,485.4 mn in 2016 to US$2,624.5 mn by 2025.

North America and Europe to stay Leading Regional Markets

Of the key applications of biomethane, together with usage as a vehicle fuel and power generation, the automotive sector presently accounts for the dominant share within the overall market. As pressures to bring down the emission of harmful gases rise on the automotive sector and as petroleum-based fuels still see large value hikes, the demand for biomethane as a fuel is predicted to stay sturdy within the next few years further.

From a geographical point of view, the worldwide market is presently dominated by the North America and Europe regions. together, these regional markets account for a lion’s share within the overall market, due to rising demand from the automotive sector. rules relating atmosphere protection and emission reduction of harmful gases in these regions are key to the enlarged adoption further as production of biomethane.

For More Information : <a href=”https://www.transparencymarketresearch.com/biomethane-market.html”>transparencymarketresearch</a>

Tags: Renewables

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