Biogas Power Plant Market Will Reach Nearly USD 27.36 Billion By 2028: Reports and Data

Market Summary

The Biogas Power Plant Market is expected to grow from USD 17.72 Billion in 2020 to USD 27.36 Billion by 2028, at a CAGR of 5.63%. The market is expected to be driven by an increasingly enhanced support shown by government and private bodies to the owners of biogas plants in terms of financial incentives and the favorable nature of regulations being established.

The increasing demand for biogas between municipalities, farmers and industrial processes to meet the mounting demand for energy is expected to reinforce the demand for biogas power plants in the coming years. In addition, greenhouse gas (GHG) mitigation can also be attributed to the growth of the biogas power plant market.

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The main influence and return for biogas plants and bio-energy is an alternative to fossil fuels and the reduction of carbon footprints. In addition, dwindling oil reserves are expected to fuel the growth of global biogas plants along with the vagueness of crude oil prices. In addition, the population is increasingly alert to environmental problems and GHG emissions

Increasing use of biogas as a transportation fuel in the growing number of nations around the globe, along with the biogas-based power unit institution, is expected to fuel the growth of the biogas power plant market. Nevertheless, high primary investment and cost-setting can hinder the growth of the biogas power plant market.

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Further key findings from the report suggest

• The Biogas Power Plant Market is expected to grow from USD 17.72 Billion in 2020 to USD 27.36 Billion by 2028, at a CAGR of 5.63%. The market is expected to be driven by an increasingly enhanced support shown by government and private bodies to the owners of biogas plants in terms of financial incentives and the favorable nature of regulations being established.
• On the basis of type, the livestock farms market is expected to hold the largest market and is estimated to reach USD 8.74 Billion in 2028, at a CAGR of 5.9% during the forecast period. This is mainly due to the support from the Ministry of Agriculture and the increasing demand of farm lands to install biogas power plant in Europe and Asia Pacific.
• On the basis of end-users, the commercial electricity segment is expected to hold the largest market and is estimated to reach USD 13.32 Billion in 2028, at a CAGR of 15.63% share during the forecast period. The wastage from the biogas plant is used as organic manure / fertilizer directly or after drying to improve soil fertility and reduce the use of chemical fertilizers. It is also non - polluting as it is free of weeds, foul smell and pathogens.
• Based on distribution, the indirect channel is expected to hold a larger market share and is estimated to grow the highest at a CAGR of 11.1% during the forecast period. In case, the point of consumption is relatively close (e.g. less than 1 mile) to the point of production, the gas would typically be distributed via dedicated pipelines (buried or aboveground). This is usually the most cost - effective method for short distances over private property where easements are not required. Costs for laying dedicated pipelines can vary greatly per mile. Note that gas distributed via dedicated bio methane pipelines must compete with natural gas prices in the marketplace.
• Europe is forecasted to grow the largest and is estimated to reach USD 9.02 Billion in 2028, at a CAGR of 5.9% during the forecast year and is expected to maintain its dominance over the forecast period. In Europe there is a strong development of on-farm and centralized biogas plants and for landfills to recover biogas in electricity production. Most biogas plants were built in Germany within Europe.
• The significant players in the market are Agrinz Technologies GmbH (Austria), Scandinavian Biogas (Sweden), Beijing Sanyi Green Energy Development (China), Biofrigas Sweden AB (Sweden), IES BIOGAS (Italy), PlanET Biogas Global GmbH (Germany), CEZ Group (Czech Republic), Hangzhou Environmental Group (China), Wartsila (Finland), EnviTec Biogas AG (Germany) and others.

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Key Coverage of the Report

• Region and country wise market size of the market from the period 2019-2028. 2020 is the base year, and 2019-2028, is the forecast period
• Biogas Power Plant Market by type, applications (2015 -2017)
• Contributing factors for the high adaptation of the market
• Demand and Supply Gap Analysis
• Regional Competitors Pricing Strategy
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 6 years of all the mentioned segments, sub-segments and the regional markets
• Market Trends (Drivers, Restraints, Opportunities, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Value chain trends mapping the latest technological advancements

Segments covered in the report:

This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Reports and Data have segmented the market on the basis of type, end-users, Distribution and regional analysis.

Type (GwH; and Revenue, USD Million: 2020-2028)

• Livestock Farms
• Industry Wastewater
• Municipal Sewage

End-Users (GwH; and Revenue, USD Million: 2020-2028)

• Household Electricity
• Commercial Electricity

Distribution (GwH; and Revenue, USD Million: 2020-2028)

• Direct
• Indirect

Region (GwH; and Revenue, USD Million: 2020-2028)

• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of the Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Rest of LATAM
• Middle East & Africa

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