Biomethane Global Market Forecast to 2030 – Anaerobic Digestion & Fermentation Segment to Dominate Biomethane Market in 2030

Biomethane Market by Feedstock (Energy Crops, Agriculture Residues & Animal Manure, Municipal Waste), Production Process (Anaerobic Digestion, Thermal Gasification), End-use (Transportation, Power Generation, Industrial) Region – Global Forecast to 2030

Dublin, Dec. 20, 2023 (GLOBE NEWSWIRE) — The “Biomethane Market by Feedstock (Energy Crops, Agriculture Residues & Animal Manure, Municipal Waste), Production Process (Anaerobic Digestion, Thermal Gasification), End-use (Transportation, Power Generation, Industrial) Region – Global Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

The Sustainable Development Goals (SDGs)

1. Goal 7: Affordable and Clean Energy
2. Goal 9: Industry, Innovation, and Infrastructure
3. Goal 11: Sustainable Cities and Communities
4. Goal 12: Responsible Consumption and Production
5. Goal 13: Climate Action

Municipal Waste: The largest segment of the biomethane market, by feedstock

Based on feedstock, Municipal waste stands as the predominant feedstock in the biomethane market, representing the largest segment. This is attributed to the increasing recognition of municipal waste as a valuable resource for biomethane production. As municipalities worldwide strive for sustainable waste management practices, anaerobic digestion of organic components in municipal waste emerges as a key method for biomethane generation. Governments and waste management authorities are increasingly investing in facilities that convert organic waste into biomethane, aligning with circular economy principles. The versatility and abundance of municipal waste make it a crucial feedstock, underscoring its pivotal role in driving the growth of the biomethane market.

Transportation segment is expected to emerge as the second-largest segment based on end-use application

By end-use application, The transportation segment is poised to become the second-largest segment in the biomethane market based on end-use applications. This growth is driven by the increasing adoption of biomethane as a sustainable and low-carbon alternative in the transportation sector. As concerns about greenhouse gas emissions and environmental sustainability escalate, biomethane presents itself as a viable solution, particularly for heavy-duty vehicles such as buses, trucks, and even ships. The transportation industry’s shift towards cleaner fuel options, coupled with advancements in biomethane production technologies and the establishment of refueling infrastructure, is fostering a significant uptick in biomethane utilization as a vehicle fuel. Government incentives and regulations promoting the use of renewable fuels further contribute to the anticipated expansion of biomethane in transportation, positioning it as a key player in the global effort to reduce carbon emissions in the mobility sector.

By production process, the anaerobic digestion & fermentation segment is expected to be the fastest growing market during the forecast period.

The anaerobic digestion and fermentation segment is poised to be the fastest-growing market within the biomethane sector during the forecast period. This accelerated growth can be attributed to the increasing recognition of anaerobic digestion and fermentation as efficient and sustainable methods for biomethane production. These processes involve the breakdown of organic materials, such as agricultural residues, municipal solid waste, and wastewater, by microorganisms in the absence of oxygen, resulting in the generation of biogas that can be upgraded to biomethane. The appeal of these production methods lies in their ability to convert various organic feedstocks into a renewable energy resource, aligning with circular economy principles and contributing to waste reduction. With governments worldwide promoting sustainable waste management practices and renewable energy initiatives, the anaerobic digestion and fermentation segment is positioned to experience robust growth, driven by its eco-friendly approach and versatility in utilizing diverse organic materials for biomethane production.

Market Dynamics

Drivers

• Strong Focus on Achieving Sustainable Waste Management and Renewable Energy Targets
• Increased Use of Biomethane as Alternative to Conventional Fossil Fuels with Constant Technological Advancements

Restraints

• Requirement for High Initial Investments and Lack of Infrastructure and Standardized Regulatory Policies, Coupled with Intense Competition
• High Production Cost and Inadequate Infrastructure for Long-Distance Transportation of Biomethane

Opportunities

• Increased Focus on Waste-To-Energy Projects to Reduce Environmental Impact
• Incorporation of Diverse Feedstocks in Biomethane Production

Challenges

• Fluctuations in Supply of Feedstock and Time-Consuming Regulatory Approval Process

Key Attributes:

SDGs, Targets, and Indicators

1. Which SDGs are addressed or connected to the issues highlighted in the article?

• SDG 7: Affordable and Clean Energy
• SDG 9: Industry, Innovation, and Infrastructure
• SDG 11: Sustainable Cities and Communities
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action

2. What specific targets under those SDGs can be identified based on the article’s content?

• SDG 7.2: Increase substantially the share of renewable energy in the global energy mix.
• SDG 9.4: Upgrade infrastructure and retrofit industries to make them sustainable.
• SDG 11.6: Reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management.
• SDG 12.4: By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle.
• SDG 13.2: Integrate climate change measures into national policies, strategies, and planning.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

Yes, there are indicators mentioned in the article that can be used to measure progress towards the identified targets. These include:

• Share of biomethane in the global energy mix
• Investment in facilities for converting organic waste into biomethane
• Number of refueling infrastructure for biomethane
• Reduction in carbon emissions in the transportation sector
• Number of waste-to-energy projects

SDGs, Targets, and Indicators Table

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: globenewswire.com

Join us, as fellow seekers of change, on a transformative journey at https://sdgtalks.ai/welcome, where you can become a member and actively contribute to shaping a brighter future.