Global Biogas Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global biogas market in its upcoming report titled, “Global Biogas Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global biogas market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global biogas market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global biogas market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global biogas market report has been segmented on the basis of application, and region.

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Biogas is a reactive mixture of gases produced from decomposition of organic matter in absence of oxygen. It can be derived from various wastes such as agricultural waste, manure, municipal waste, plant material, sewage, or food waste. Biogas is an environment friendly energy source as it helps in the alleviation of global waste levels that generates harmful methane gas and the need to rely on fossil fuels to meet the energy requirements.

Rising demand among farmers, municipalities, and industrial processors for waste treatment technologies is a key factor driving growth of the global biogas market. Adoption of biogas as renewable source of energy in various developed and developing economies is another factor expected to support growth of the global biogas market. Furthermore, anaerobic digestion involved in biogas production deactivates pathogens and parasites leading to reduced incidence of waterborne diseases. Biogas production produces organic fertilizers as by-product which are better alternatives to chemical fertilizers available in the market. Also, biogas can be used as a fuel in stationary and mobile engines to supply motive power, pump water, drive machinery or to generate electricity, thus reducing the emission of gases that leads to global warming is other factor expected to support growth of the global biogas market.

However, high installation cost for setting up biogas plants and pipelines, is a major factor restraining growth of the global biogas market. In addition, effect of temperature on biogas production specially in cold climates is other factor expected to hamper growth of the global biogas market over the forecast period.

The market in Europe is expected to dominate the global biogas market and accounts for highest market share in terms of revenue owing to rising adoption of biogas for electricity and heat production in countries in the region. The market in North America expected to account for the second-highest revenue share contribution followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is expected to witness significant growth in terms of revenue over the forecast period owing to factors such as increasing use of biogas in rural areas for cooking purposes and development of organic fertilizers for farming.

Global Biogas Market Segmentation:

Global biogas market segmentation by applications:

• Electricity and heat generation
• Vehicle fuel
• Others (supply to a natural gas pipeline and domestic use)

Global Biogas market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa