Europe Biogas Market Insights- 2024 with Key Players EnviTec Biogas AG, BTS Biogas Srl/GmbH, Schmack Biogas AG, IES Biogas, Gasum Oy
Ongoing regulatory reforms to encourage the adoption of bioenergy along with rapid industrialization will propel the anaerobic digestion market share. Carbon tax, direct subsidies, tax rebates, feed in tariff, financial assistance and renewable portfolio standards are some of the incentives which will boost the product penetration over the forecast timeframe. In 2013, Government of France introduced feed-in-tariff including a rebate worth 0.14 to 0.25 USD/kWhe for AD plants and 1.03 to 0.17 USD/kWhe for landfills.
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Rapid industrialization along with stringent government regulations toward industrial waste to reduce land and water pollution will embellish the Europe biogas market. The European Commission enacted the 2000/76/EC Directive with an aim to restrain the adverse effects from the waste incineration process across the region. The directive lays emission norms pertaining to waste & co-incineration plants and further imposes operational & technical standards within the member states.
Denmark in 2016, accounted for over 1% of Europe biogas market share. Availability of a variety of feedstock materials across the nation favor the deployment of these systems. High operational performance, affordable price and low emission rate make its adoption preferable over other available alternatives The Danish government aims to achieve renewable based energy supply of 35% by 2020 and further cease dependency on fossil fuels by 2050.
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%.
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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.
Notable players in Europe biogas market include:
- EnviTec Biogas AG
- BTS Biogas Srl/GmbH
- Schmack Biogas AG
- IES Biogas
- Gasum Oy
- CH4 Biogas
- WELTEC BIOPOWER
- Agraferm Technologies AG
- BDI-BioEnergy International GmbH
- Zorg Biogas AG
- PlanET Biogas Solutions Inc.
- Biogas Systems AB
- Agrinz Technologies
Europe Biogas Market-Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
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