Biogas Market | EnviTech Biogas AG, Scandinavian Biogas Fuels International AB, Air Liquide Advanced Business and Technologies

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.

Request For Sample Copy of This Premium Research Biogas Market : https://www.coherentmarketinsights.com/insight/request-sample/3015

Market Taxonomy

On the basis of application, the global biogas market is segmented into:

Electricity & Heat Generation
Vehicle Fuel
Domestic Cooking
Others

Rising government initiatives for the production of renewable sources of energy, in order to curb the carbon emissions and ensure secure & stable source of energy is predicted to increase the demand for biogas over the forecast period. According to Ministry of New and Renewable Energy’s yearend review published in 2018, India plans to attain 40.0% of cleaned energy sources of the overall installed power generation capacity by 2030.

Buy Now with Discount for Premium Report : https://www.coherentmarketinsights.com/promo/buynow/3015

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.

Among region, Europe is expected to account for the largest market share in global biogas market, owing to increasing awareness about environment protection and reducing the use of fossil fuels by finding the best alternative. Countries such as Austria, Denmark, and Germany have strong legal framework for renewable energy sources. According to the International Gas Union (IGU), Sweden has been world leader with 2 TWh (terawatt hours) biogas production, annually and is used in vehicles, with aiming to achieve a 70 percent reduction in emissions from transport by 2030.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.