Press release
Biogas Market Key Drivers, Industry Share and Future Growth Demand Analysis by 2026
Biogas Market
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As per the report, the global market is expected to rise at 4.65% CAGR between 2018 and 2026. The global market for biogas is estimated to reach US$ 29,984.92 Mn by 2026, as against US$ 20,852.20 Mn in 2018. The depletion of conventional resources results in increased security concerns for energy, which is expected to positively steer the biogas market share.
Top Key Players Mentioned:
Engie
BEKON GmbH
Conveco S.r.l.
DMT Environmental Technology
WELTEC BIOPOWER
EnviTec Biogas AG
Wärtsilä
WAMGROUP S.p.A.
PlanET Biogastechnik GmbH
Air Liquide
Viessmann
Börger GmbH
BioConversion Solutions
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“WELTEC BIOPOWER’s New Plant Envisions to Provide Energy to 9600 Households”
Among the players in the global biogas market, ENGIE leads the market owing to its global presence. Some of the other major players are BEKON GmbH, DMT Environmental Technology, Conveco S.r.l., WELTEC BIOPOWER, Wärtsilä, EnviTec Biogas AG, WAMGROUP S.p.A., Air Liquide, BioConversion Solutions, and Börger GmbH. Of these, In February 2019, WELTEC BIOPOWER builds a biomethane plant in West Yorkshire in the U.K. This plant aims to supply sustainable energy to around 9600 households. Another company called EnviTec Biogas AG commenced operations in its Biogas project in China. The plant is designed for feedstocks including turkey litter, dairy cattle manure, and others.
“Asia Pacific to Witness Maximum Biogas Production Between 2018 and 2026”
Presently, Asia Pacific holds a major share in the global market as this region witnesses the highest biogas production. The increasing need for household heating fuel, especially in countries such as India and China will influence the market growth in Asia Pacific. Following Asia Pacific, Europe is the second-most leading region in the market. The rising need for energy production and an increasing number of renewable energy sources are creating growth opportunities for the market in Europe. Moreover, the European Biogas Association continues to focus on reducing carbon emissions. Considering this, several countries in Europe are planning to increase the production levels of biogas.
Apart from these two regions, North America is also likely to grow considerably in the market in forecast years. Among North American countries, the U.S. holds a lion’s share owing to advancements in application sectors.
“Market to Benefit as Biofuel Production Eradicates Several Environmental Concerns”
“Rising shift towards clean fuel energy to generate electricity and heat has compelled companies to adopt biofuels and use biogas for mass production,” stated a lead analyst at Fortune Business Insights™. “Governments are actively supporting to curb carbon emissions and heavily investing to promote usage of green energy, which is contributing to the growth of the market,” he added. Driven by this, the biogas market size is likely to foster between 2018 and 2026. The Ministry of New & Renewable Energy India conducted a program called Biomass Power & Cogeneration, which plans to make significant investments in the biofuel industry. Biofuel production helps to eliminate the issues related to dump and landfill sites. This, as a result, will increase the biogas production and positively impact the demand for biogas in the next seven years. Consequently, several companies are planning to invest in biogas generators in order to optimize the use of biomass for reducing carbon emissions.
The vast availability of feedstock such as organic residue & waste and energy crops is boosting the biogas market share. Biowaste, sewage, and municipal waste are expected to increase at an alarming rate primarily on account of increasing population and growing food industry. This creates demand for a biogas plant, which converts biodegradable waste into useful power.
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Major Table of Contents:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Emerging Trends – For Major Countries
Latest Technological Advancement
Key Industry Developments – Investment Scenario, Renewable Targets, etc.
Regulatory Landscape – Policies, Incentives, etc.
Porters Five Forces Analysis
Global Biogas Market Analysis (Ktoe & US$ Mn), Insights and Forecast, 2015-2026
Key Findings
Market Analysis, Insights and Forecast – By Source
Organic Residue & Wastes
Biowaste, Municipal, Sewage
Agriculture Wastes
Others
Energy Crops
Market Analysis, Insights and Forecast – By Application
Heating
Electricity
CHP
Others
Market Analysis, Insights and Forecast – By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
North America Biogas Market Analysis (Ktoe & US$ Mn), Insights and Forecast, 2015-2026
TOC Continued…!
Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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