The Methane Global Market Report 2023, provides comprehensive information on the methane market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/methane-global-market-report
The global methane market size is expected to grow from $97.06 billion in 2022 to $106.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global methane market size is expected to reach $152.33 billion in 2027 at a CAGR of 9.3%.
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Technological advancements are a key trend gaining popularity in the methane market. Major companies operating in the methane market are adopting new technologies to sustain their position in the market. For instance, in April 2021, Honeywell International Inc, a US-based company that invents and manufactures technologies in energy, introduced a gas cloud imaging (GCI) system known as the Mini GCI system to provide automated and continuous monitoring for methane leaks at oil and gas, chemical, and power-producing plants. Mini GCI devices can be installed throughout an industrial site to continually monitor for gas leaks and send notifications when they occur. The technology, which is powered by patented hyperspectral gas analytics and artificial intelligence, gives facility operators a colorful visualization of the gas plume type, position, direction, size, and concentration. This enables an earlier and more effective response before leaks turn into larger emissions or safety hazards.
The methane market is segmented:
1) By Source: Natural, Synthetic
2) By Production Method: Fermentation, Gasification
3) By Application: Fuel, Natural Gas, Chemical Feedstock, Liquified Natural Gas, Liquid-Methane Rocket Fuel, Power Generation, Residential, Other Applications
4) By End Users: Automotive, Aerospace and Defense, Electrical, Chemical, Other End Users
North America was the largest region in the methane market in 2022.
The table of contents in TBRC’s methane market report includes:
1. Executive Summary
2. Methane Market Characteristics
3. Methane Market Trends And Strategies
4. Methane Market – Macro Economic Scenario
5. Methane Market Size And Growth
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26. Africa Methane Market
27. Methane Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Methane Market
29. Methane Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- BP Plc
- Oil and Natural Gas Corporation
- IGas Energy Plc
- Black Diamond Energy Inc
- China National Petroleum Corporation
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