Global Biogas Plant Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global biogas plant Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global biogas plant market report has been segmented on the basis of feedstock type, application, and region.
Biogas Plant Market: Overview
Biogas is a green and renewable source of energy which contains reactive mixture of gases produced from decomposition of organic matter in absence of oxygen. It is a mixture of approximately 50%-70% methane, and 30%-40% carbon di-oxide. Biogas can be derived from various wastes such as agricultural waste, industrial waste, or food & beverages waste. It is used for electricity generation, as a fuel in transportation sector or for cooking and heating in residential applications.
Biogas Plant Market: Dynamics
biogas is environment-friendly and clean source resulting in minimal impact on environment resulted into increasing adoption of biogas as renewable source of energy in various developed and developing economies is a major factor expected to bolster growth of the global biogas market. In addition, and increasing energy demand, preference towards power generation from renewable sources, and increasing investments in renewable energy, are some of the key factors expected to drive growth of the global market.
Biogas energy is extensively used in electricity generation, and transportation industry. Additionally, favorable government policies in developing economies and various initiatives to reduce dependency on conventional energy generation, is also anticipated to propel the market growth.
However, high installation cost for setting up biogas plants is a major factor restraining growth of the global biogas market.
Biogas Plant Market: Segment Analysis
On the basis of feedstock type, food and beverages and agricultural waste segment dominates the target market and expected to maintain its dominance over the forecast period.
On the basis of application, the target market segmented into electricity generation, heat generation, and bio-fuel generation. Electricity generation segment registered a significant growth rate to the target market.
Biogas Plant Market: Regional Analysis
The market in Europe accounts for highest market share in terms of revenue to the market and expected to dominate the global biogas plant market over the forecast period 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 stringent regulations in the US regarding reducing carbon and greenhouse gas emission, is expected to enhance the biogas market in the region.
The market in the Asia Pacific is expected to witness for 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.
Governmental organizations helping people to set up plants by providing various schemes and subsidiaries. For instance, in India, the Ministry of New and Renewable Energy has setup a Natural Biogas and Manure Management Program (NBMMP), a central sector scheme that provides subsidies for setting up family type biogas plant mainly for rural and semi-urban areas.
Biogas Plant Market Segmentation:
Segmentation by Feedstock Type:
- Food & Beverages Waste
- Industrial Waste
- Agricultural Waste
- Sewage Sludge
- Energy Crops
Segmentation by Application:
- Electricity Generation
- Heat Generation
- Bio-fuel Generation
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Wärtsilä Oyj Abp
- Air Liquide A.
- EnviTec Biogas AG
- Scandinavian Biogas Fuels AB
- Swedish Biogas International AB
- Ameresco, Inc.
- Agrinz Technologies GmbH
- PlanET Biogas Global GmbH
- SP Renewable Energy Sources Pvt. Ltd.
- Beijing Sanyi Green Energy Development Co., Ltd.
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