Europe Biogas Market Key participants in Europe biogas market includes EnviTech, Schmack, IES Biogas, Agrinz Technologies, Agraferm Technologies AG, BDI- Bioenergy International, CH4 Biogas
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It has been projected that renewable energy would account for 60% of the country’s overall energy consumption by 2050, thereby creating a favorable growth path for the country in Europe biogas market. Biogas power stations have also accounted for a major portion of Germany’s bio energy industry. The region possessed nearly 8900 of biogas power stations in 2015, which is another positive indicator that Europe biogas market would accrue lucrative gains in the ensuing years.
Firms such as Geotech and Ansyco have firmly established their presence across Europe biogas market through the launch of novel gas analysis technologies. Recently, in a bid to expand their product portfolios, both the firms have collaborated to develop an innovative system referred as BIOGAS 3000 capable of effectively & constantly monitoring and analyzing of biogas production processes. In an important breakthrough witnessed across the biogas industry in Europe, DuPont and Bock UK Limited have also made a strategic pact that will help the latter depict DuPont’s new biogas enzyme technology referred as OPTIMASH® AD-100 for its commercial sale across the U.K, which would certainly augment Europe biogas market.
Biogas is inherently deployed across the residential, industrial, and commercial arenas. The mounting demand for power supply, environmental awareness, and the rising preference for renewable energy sources have resulted in commendable demand & large-scale deployment of biogas manufacturing plants in Europe. As per estimates, biogas applications across the industrial sector in Europe will surpass an annual installation of 600 MW by 2024. The escalating requirement for low-power & cost-efficient technologies for treating biodegradable wastes is slated to impel Europe biogas market from commercial applications.
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With the rising trend of using sustainable energy across the continent, Europe biogas industry is expected to have bright growth prospects in the ensuing years. Effective government measures such as providing tax concessions and rewards for the biogas applications are expected to impel the growth of this business sphere in Austria, which would considerably augment the revenue graph of Europe biogas market as well. Germany, on the other hand, is expected to surpass 300 MW by 2024, subject to the rising need for curbing carbon emissions and maintaining a green environment. The numerous efforts undertaken by member countries are certain to stimulate the growth of Europe biogas industry.
Rising economies of scale are expected to encourage companies to make heavy investments across Europe biogas industry. With the continent touted to be the hub for renewable energy in the future, it comes as no surprise to note that Europe biogas market has been forecast to surpass a revenue of USD 2 billion by 2024.
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Notable players in Europe biogas market include EnviTech, Schmack, IES, Agrinz Technologies, Agraferm Technologies, BDI- Bioenergy International, CH4 Biogas, Weltec, BTS, Scandinavian Biogas Fuels International, Krieg & Fischer Ingenieure, Zorg, agri. capital, Gasum, PlanET Biogastechnik, Biogas System.
Municipal biogas market size is set to witness strong growth on account of growing awareness toward waste management supported by federal and state incentives. Rapid urbanization with escalating recycling need are some of the key factors which will fuel the business growth. Rising investments have further directed the surplus funds toward the deployment of progressive & high-capacity bio-based systems.
Favorable government initiatives to encourage adoption of sustainable energy along with measures to reduce the carbon content will stimulate the Germany biogas market share. As per IEA, share of renewable energy in terms of total energy and electricity across Germany is expected to exceed 18% and 35 % respectively by 2020. Additionally, the country aims to reduce its carbon dioxide emissions by 40%.
Rapid adoption of sustainable energy coupled with technological diversification of energy sources will drive the Poland biogas market. Growing concern to sustain the energy demand and supply gap across residential, commercial and industrial establishments will further complement the business outlook.
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