(2022) Biogas Market Trend, Share, Overview, Business Growth, And Leading Players - Planet Biogas Global Gmbh, Scandinavian Biogas, Envitec Biogas AG, IES BIOGAS Srl, Air Liquide
The global biogas market report by the business research company identifies the shift toward renewable sources of energy to be a major growth driver for the biogas market. The rising shift towards renewable sources of energy is expected to propel the growth of the biogas market in the coming years. Renewable energy, often known as clean energy, is derived from natural sources or procedures that are renewed regularly. Biogas is also referred to as renewable natural gas produced by the breakdown of organic matter such as animal waste and food scraps. According to International Energy Agency (IEA) global energy review 2020, renewable energy is expected to be the fastest-growing energy source in the future. In comparison to Q1 2019, global renewable energy usage in all industries rose by around 1.5% in Q1 2020 and estimated a 1% increase in the use of renewables by the end of 2020.
The global biogas market is expected to grow from $58.90 billion in 2020 to $64.14 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The biogas market is expected to reach $88.47 billion in 2025 at a CAGR of 8.4%.
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Europe was the largest region in the biogas market in 2020. Asia Pacific is expected to record the fastest growth over the forecast period. The regions covered in the biogas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major players in the biogas market are PlanET Biogas Global GmbH, Scandinavian Biogas, EnviTec Biogas AG, IES BIOGAS Srl, Air Liquide, Weltec Biopower GmbH, Biofrigas Sweden AB, Ameresco Inc., Wartsila, Engie SA, Bio-En Power Inc., Swedish Biogas International, CH4 Biogas, SP Renewable Energy Sources Pvt. Ltd, Beijing Sanyi Green Energy Development Co. Ltd, Biofuel USA Corporation, Quadrogen, Viessmann, BTS-biogas, Agraferm, Gasum, Xergi A/S, Zorg Biogas, Future Biogas Limited, and AAT Biogas Technology.
The global biogas market is segmented -
1) By Source: Municipal Waste, Industrial Waste, Agricultural Waste, Others
2) By Application: Residential, Commercial, Industrial
3) By End User: Power Generation, Heat Generation, Cogeneration, Others
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The Biogas Market Report Contents Include
1. Executive Summary
2. Biogas Market Characteristics
3. Biogas Market Trends And Strategies
4. Biogas Market - Macro Economic Scenario
5. Biogas Market Size And Growth
27. Biogas Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biogas Market
29. Biogas Market Future Outlook and Potential Analysis
This report covers the trends and market dynamics of the biogas market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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The "Biogas Market by Technology, by Spectrum, by Installation Type, New Installation, Retrofit, by Application, by Geography - Global Market Value, Size, Share, Development, Growth and Demand Forecast, 2017-2023" report has been added to researchreportsinc.com offering. Get Free Sample Copy of Report at https://www.researchreportsinc.com/sample-request?id=87729. Biogas refers to a mixture of different gases produced by the breakdown of organic matter in the absence of oxygen. Biogas can be produced from raw materials