Global Biomethane Plants Market 2019-2023 | 8% CAGR Projection Over the Next Five Years | Technavio

Technavio has published a new market research report on the global biomethane plants market from 2019-2023. (Graphic: Business Wire)

LONDON--()--The global biomethane plants market is expected to post a CAGR of close to 8% during the period 2019-2023, according to the latest market research report by Technavio.

The increasing rate of urbanization, population growth, and economic development of countries have led to a significant increase in waste generation across the world. Solid waste is a major source of methane, a powerful GHG. Uncollected municipal solid waste leads to floods, air pollution, and health issues. The treatment of municipal solid waste to produce biogas and biomethane is an ideal solution to make use of the waste. Thus, the increase in municipal solid waste generation will directly fuel the growth of the market during the forecast period.

As per Technavio, the growing adoption of biomethane as a transport fuel will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global biomethane plants market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Biomethane Plants Market: Growing Adoption of Biomethane as a Transport Fuel

The global transportation sector is highly dependent on oil, and thus, it accounts for a major share of the overall GHG emissions. Thus, rising environmental concerns are shifting the focus of the transportation sector toward developing low-carbon fuel alternatives. Biomethane has emerged as one of the promising alternatives for oil, which can ensure sustainable mobility. Thus, the adoption of biomethane is increasing in the transportation industry, which is expected to drive biomethane plants market growth during the forecast period.

“Apart from the growing adoption of biomethane as a transport fuel, other factors such as the increasing use of biomethane as piped gas, and the emergence of integrated waste management systems will have a significant impact on the growth of the biomethane plants market value during the forecast period,” says a senior analyst at Technavio.

Global Biomethane Plants Market: Segmentation Analysis

This market research report segments the global biomethane plants market by feedstock type (agriculture, sewage, and others), and geographic regions (EMEA, the Americas, and APAC).

The EMEA region led the biomethane plants market in 2018, followed by the Americas, and APAC, respectively. The market dominance of the biomethane plants market in EMEA can be attributed to several factors such as the increasing demand for energy, rising concerns regarding environmental degradation, and economic development in the region.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global biomethane plants market is set to post a CAGR of close to 8% during 2019-2023, according to the latest market research from Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com