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Biogas Market - A forward-looking, opening doors for collaborations for technology and innovation in 2021-2027
Biogas Market
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Biogas primarily consists of methane, carbon dioxide (CO2), and small amounts of hydrogen sulfide (H2S). It is produced from materials such as agricultural waste, manure, municipal waste, and food waste. Biogas is generated at landfill sites and in sewage plants. The most common method of using biogas for energy production is by converting it into heat and electricity in combined heat and power plants.
Increasing focus of governments worldwide to reduce greenhouse gas emission and identify alternative and clean sources of energy is expected to drive growth of the global biogas market. Furthermore, growing energy security concerns, owing to depletion of conventional energy resources is further expected to upsurge the demand for biogas over the forecast period.
Market Outlook
The electricity & heat generation segment is expected to contribute significant share in the global biogas market through 2019 to 2027, attributing to high demand for electricity. For instance, according to International Energy Agency (IEA), global electricity demand rose by 4.0% in 2018, around twice fast as total energy demand since 2010. Therefore, rising demand for electricity is predicted to provide significant pace to the electricity & heat generation segment in the global biogas market in the near future.
Market Taxonomy
On the basis of application, the global biogas market is segmented into:
Electricity & Heat Generation
Vehicle Fuel
Domestic Cooking
Others
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Key Players
Key players operating in the global biogas market include, EnviTech Biogas AG, Scandinavian Biogas Fuels International AB, Air Liquide Advanced Business and Technologies, Himark Biogas, Vanzetti Engineering, Greenlane Biogas, MT-Energie GmbH, DMT Environmental Technology, and others.
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