The global Animal Manure Bio methane Market size is expected to reach USD 2.72 Billion in 2028 and register a CAGR of 6.5% over the forecast period, according to the latest report by Reports and Data. A key factor driving market revenue growth is rising environmental concern regarding the use of fossil fuels. In addition to this, rising application of Animal Manure Bio methane gas as transportation fuel and increasing requirements of Animal Manure Bio methane in power generation are expected to propel market growth.
Animal Manure Bio methane is a type of eco-friendly renewable natural gas produced from biogas by eliminating moisture, carbon dioxide, and hydrogen sulphide. Unlike biogas, Animal Manure Bio methane is more flexible and less corrosive in nature. Governments of various countries are nowadays putting forward stringent norms to reduce greenhouse gas emissions. It is further resulting in high demand for Animal Manure Bio methane from the global automotive sector. Animal Manure Bio methane is also used in various other applications, such as power generation. Rising preference for clean and green fuel, owing to increasing concerns of rising pollution levels, presence of favourable government policies for Animal Manure Bio methane production in various countries, and rising investments by private investors in the production of this gas are expected to boost market growth. Additionally, rapid industrialization in both developed and developing countries is expected to drive revenue growth of global Animal Manure Bio methane market throughout the forecast period.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/Animal Manure Biomethane-market
Some Key Highlights From the Report:
- In May 2021, BayoTech partnered up with IBMS Group. This partnership will help both companies to launch a renewable hydrogen project by using Animal Manure Biomethane generated from food waste.
- Agricultural waste segment accounted for the largest revenue share in global market in 2020. This can be attributed to rising preference for bio-gas generated from agricultural waste and increasing need to reduce GHG emissions.
- North America accounted for the largest revenue share in global market in 2020. Presence of favorable governmental policies for Animal Manure Biomethane production, high demand for Animal Manure Biomethane, especially from the automotive sector, and entry of prominent companies are major factors driving market revenue growth in this region.
- Major players in the market include EnviTec Biogas AG, VERBIO, SoCalGas, CNG Services Ltd., Future Biogas Ltd., SoCalGas, Gasrec Ltd., Gazasia Ltd., Orbital Gas Systems, and PlanET Biogas Global GmbH.
For the purpose of this report, Reports and Data has segmented global Animal Manure Biomethane market based on feedstock, production method, end-use, and region:
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Feedstock Outlook (Revenue, USD Billion; 2018-2028)
- Animal Manure
- Organic Household Waste
- Agricultural Waste
- Energy Crops
- Sewage Sludge
- Industrial Food Processing Waste
- Others
Production Method Outlook (Revenue, USD Billion; 2018-2028)
- Gasification
- Fermentation
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Automotive
- Power Generation
- Others
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Israel
- Rest of MEA
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