Press release
Biogas Market Share,Trends, and Forecast, 2020-2030
๐๐ข๐จ๐ ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐งTransparency Market Research delivers key insights on the global biogas market. In terms of revenue, the global biogas market is estimated to expand at a CAGR of 9% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global biogas market.
๐๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ -https://www.transparencymarketresearch.com/biogas-market.html
The global biogas market has been positively impacted by the rise in demand for biogas in power generation and automobile industries across the globe. Thus, increase in demand for biogas in power generation and automobile industries is propelling the global biogas market.
๐๐ข๐จ๐ ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
The demand for biogas has been rising in automobile and power generation industries over the past few years, as it provides green energy and high power density. This is expected to boost the global biogas market. The number of countries accepting the Paris Climate Change Agreement has been increasing significantly. This agreement mandates countries to decrease their carbon footprint and greenhouse gases by reducing their dependence on fossil fuels, which presents significant potential for the adoption and implementation of biogas energy. Europe has enacted stringent regulations to lower carbon and greenhouse gas emission. This has boosted the consumption of biogas in the region.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5630
Investments in the global biogas market have been rising significantly since the past few years. According to the American Biogas Council, the U.S. offers vast potential for the biogas industry. More than 14,900 new sites have the potential to produce biogas in the country. Of these, 8,500 sites are in the vicinity of dairy, poultry, and swine farms, while 3,878 are near water resource recovery facilities.
๐๐ข๐จ๐ ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ ๐ข๐จ๐ง๐ฌ
In terms of value, Europe dominated the global biogas market in 2019. The region is expected to remain dominant during the forecast period, due to the presence of favorable government policies and availability of infrastructure for biogas. Europe also has the highest number of biogas plants in the world. According to The European Biogas Association, the number of biogas plants in the region increased from 483 in 2018 to 729 in 2020. Currently, 18 countries produce biogas in Europe. The number of biogas operational plants stood at more than 18,000 in Europe in 2019. Germany accounted for more than 9,000 operational biogas plants in the year. Thus, Germany is a leading country in terms of number of biogas plants in the region as well as in the world.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=5630
North America is projected to be a lucrative region of the global biogas market during the forecast period. This can be ascribed to the increase in awareness about renewable energy in the region. The rise in usage of biogas in the automobile industry is another key factor that is propelling the demand for biogas in North America. The U.S. is the leading market for biogas in North America. The U.S. has more than 2,200 biogas producing sites. Canada is anticipated to be a lucrative country for biogas during the forecast period, owing to the increase in awareness as well as high adoption of green energy in the country.
Asia Pacific was a promising region in the global biogas market in 2019. Governments of countries in the region have been promoting biogas for cooking purposes in rural areas. For instance, the Government of India is providing subsidies and free biogas household plants to produce biogas in rural areas. The Government of China is promoting biogas for households in rural areas. The number of biogas plants installed stood at more than 70,000 in China in 2019. According to the International Energy Agency report 2020, there was notable development in the biogas market in Asia Pacific, primarily in China, India, and ASEAN countries. Awareness about the environment in countries such as China, India, and those in ASEAN is expected to drive the biogas market in the region during the forecast period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=5630
๐๐ข๐จ๐ ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Major players operating in the global biogas market are Air Liquide, Wรคrtsilรค, Future Biogas Limited, PlanET Biogas Global GmbH, WELTEC BIOPOWER GMBH, Scandinavian Biogas Fuels International AB, EnviTec Biogas AG, Biofrigas Sweden AB, Ameresco, and Quantum Green.
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants.
The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ
Rohit Bhisey
Transparency Market Research Inc.
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