Government initiatives regarding biogas deployment majorly impacted Europe biogas market | Key Company Profiled IES Biogas, Xergi, ENGIE, WELTEC BIOPOWER, BTS Biogas Srl/GmbH, CH4 Biogas
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Europe biogas market is set to witness strong growth on account of growing focus toward decarbonizing the energy sector supported by a multitude of legislative schemes and policies. The EU Directive 2009/28/EC establishes common legislative framework concerning the use of energy from renewable sources with an objective to minimize greenhouse gas emissions. Increased production and use of biogas to support the circular economy and renewable energy mix will stimulate the industry growth in the region.
Europe organic waste biogas market is set to witness gains over 14% by 2025. Organic waste includes food waste, paper waste, slaughterhouse waste and other biodegradable waste generated from the various sources. Rising waste generation from urban centers coupled with shifting trends toward resource recovery will propel the industry growth in coming years.
Among the different processes of converting biomass to energy, anaerobic digestion is one of the most convenient and eco-friendly means of conversion that has been widely adopted by the European consumers, owing to which anaerobic digestion-based Europe biogas market has gained quite a momentum in recent times. Landfill gas, which was previously vented out in the atmosphere, is now being increasingly captured in the form of biogas, owing to its composition – the gas comprises 45% methane and is captured through anaerobic digestion of waste at landfill sites. This advantageous recycling of waste material has added a new dimension to the waste management domain.
As the EU has announced its intentions to cut greenhouse gas emission by 20% by 2020, favorable government initiatives have been adopted all over the continent that have propelled the growth of Europe biogas market from the industrial and commercial sectors. In 2014 for instance, 14.9 million tons of oil equivalent of biogas was produced in the EU, which was mainly used for renewable electricity, heat and transport fuel production.
Energy crops-based biogas market was valued over USD 1 billion in 2018. Maize is one of the most prominent feedstocks which is utilized for the generation of electricity and heat from the biogas plants. Reduced investment and high energy density are some of the prominent features which make energy crops as one of the most favorable resources for the biogas production.
Germany biogas market is set to witness strong growth on account of supportive regulatory schemes toward utilization of biogas for electricity production. In 2017, the government of Germany introduced Renewable Energy Sources Act which aims toward prioritizing renewable based electricity generation. Easy availability of feed stock coupled with declining cost of biogas production technologies will further enhance the industry growth.
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The UK biogas market is set to witness growth of over 10% by 2025. Ongoing shift toward green economy in conjunction with rising investments toward waste recycling and energy recovery will fuel the industry growth. Government supported investment programs and feed-in-tariff schemes will further enhance the business landscape in coming years.
Key participants in Europe biogas market includes
• CH4 Biogas
• IES Biogas
• BDI-BioEnergy International GmbH
• PlanET Biogas Solutions Inc.
• EnviTec Biogas AG
• BTS Biogas Srl/GmbH
• CH4 Biogas
• WELTEC BIOPOWER
• Agraferm Technologies AG
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