Biomethane Market By Industry Size, And Share, Manufacturers, Demand, Forecast 2027 - TechSci Research
Global biomethane market is projected to register CAGR growth in the forecast years, 2023-2027 on the account of growth factors like surging demand for power and increasing fuel consumptions. Growing power generation industry and increasing demands for transportation fuel is anticipated to further drive the growth of the global biomethane market in the upcoming five years. Increasing concerns for the extinction of fossil fuels, depleting non-renewable sources of energy, are also responsible for the growth of the global biomethane market in the next five years. Biomethane is the sustainable resource of fuel that is produced by biogas upgrading, utilized as a renewable source of power and energy generation. Through technological development carbon dioxide is removed from the biogas and is converted into biomethane. Organic matter like human waste / sewage, food waste, distillery waste or agricultural materials are collected, and a natural biological breakdown of process is facilitated. ...