Methane Capturing Services Market Size is predicted to record a 14.8% CAGR during the forecast period for 2024-2031.
Methane emissions from various sources, including industrial operations, agriculture, and landfills, are generally captured using systems or procedures known as methane capturing services. These services utilize technologies to capture methane, which is then converted into renewable energy, such as electricity or renewable natural gas. This process offers significant environmental benefits by reducing potent greenhouse gas emissions, contributing to climate change mitigation. Governments, corporations, and communities are looking for ways to cut greenhouse gas emissions due to the public's increased awareness of and concern about climate change and environmental sustainability. By reducing methane emissions, a powerful greenhouse gas, methane-capturing services can help solve these issues.
Growing awareness of and action against climate change is the main cause of the rise in methane capturing services. As more businesses and governments prioritize reducing greenhouse gas emissions, the market for methane capturing services is growing substantially.
Moreover, regulatory pressure is driving up the demand for methane capturing services. Furthermore, methane capture is becoming more appealing to a larger range of sectors due to advancements like scalable systems, cost-effective solutions, and enhanced capture efficiency. The market for methane capturing services is anticipated to grow as these technologies continue to be advanced.
The methane capturing services market is segmented on the basis of capture technology and end-use industry. Based on Capture Technology, the market is segmented into Anaerobic Digestion, Landfill Gas Collection, and Biological Methane Oxidation. As per the End-use Industry, the market is segmented into Oil and Gas, Agriculture, Waste Management, and Renewable Energy.
The anaerobic digestion category is expected to hold a major share of the global methane capturing services market in 2022. Its environmentally friendly approach to trash management is the reason for the segment's expected growth. By using this method, methane emissions from organic waste are reduced, and biogas, a renewable energy source, is produced. The category is expanding as a result of governments placing more emphasis on sustainable waste management and people becoming more aware of the advantages anaerobic digestion brings to the environment and economy.
The agriculture segment is expected to grow at a rapid rate in the global methane capturing services market. Methane emissions from agricultural practices include managing manure and caring for livestock. Ag is predicted to investigate methane capture techniques to reduce its carbon footprint as environmental awareness increases and countries enact laws to reduce greenhouse gas emissions.
The North American methane capturing services market is expected to register a large market revenue share in the near future. Stricter environmental laws, greater public awareness of climate change, and a proactive attitude to sustainability are the main reasons behind the region's market expansion. The region's commitment to reducing greenhouse gas (GHG) emissions and developments in methane capturing services are driving market growth. In addition, Asia Pacific is projected that it will grow at a rapid rate in the global methane capturing services market. The growth of the local market is attributed to the expansion of industry, urbanization, and government programs that support environmentally friendly behaviours. The region's growing dedication to addressing environmental issues and climate change is what is driving the growth of methane capturing services.
| Report Attribute | Specifications |
| Growth Rate CAGR | CAGR of 14.8% from 2024 to 2031 |
| Quantitative Units | Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
| Historic Year | 2019 to 2023 |
| Forecast Year | 2024-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Capture Technology, End-Use Industry |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
| Competitive Landscape | Exxon Mobil, Linde, Honeywell International, Air Liquide, BASF, Shell, Saudi Arabian Oil (Aramco), IFP Energies Nouvelles Inc, Air Products and Chemicals, and Dow. |
| Customization Scope | Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing And Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Methane Capturing Services Market By Capture Technology-
Methane Capturing Services Market By End-use Industry-
Methane Capturing Services Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
Rest of Middle East and Africa
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.