Biogas Market : Complete Study of Current Trends in the Market, Industry Growth Drivers

Biogas is used as a fuel for various applications such as cooking, space heating, powering vehicles, and in electricity and heat generation. Biogas consists of 40% to 70% methane, 30% to 45% carbon dioxide, and small traces of nitrogen, hydrogen sulfide, and siloxanes. Biogas is produced from landfills, waste water treatment, agricultural waste, and municipal waste. Biogas is produced through different processes such as anaerobic digestion and fermentation of organic matter with little or no oxygen presence.

Biogas is a clean fuel and is gaining a significant market share in the global renewable energy portfolio. High emission levels from vehicles running on crude oil-based fuels combined with the exhausting crude oil reserves have compelled various governments and environmental organizations to develop and encourage the use of clean and eco-friendly fuels. The use of biogas as a transportation fuel is increasing in developed regions such as North America and Europe. Biogas is also used to produce electricity and heat in a CHP and can also be supplied to the natural gas pipeline.

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The global biogas market is segmented on the basis of application and geography. The report is further segmented at country level. On the basis of application, the biogas market is classified into electricity & heat, vehicle fuel, and others. The electricity & heat application segment dominated the global biogas market in 2014. The overall consumption of biogas is anticipated to grow during the forecast period. The number of natural gas vehicles is likely to increase in the near future, which will boost biogas market. Many countries across the globe such as Sweden, China, Germany, India, Thailand, and Malaysia are developing their natural gas infrastructure to promote the use of natural gas vehicles. Germany has a substantial share of biogas in its energy mix. The country has a large number of operational biogas plants. Countries in Europe such as the U.K., Germany, and France are switching to more eco-friendly biogas fuel to reduce greenhouse gas (GHG) emissions from the transportation sector.

Rising GHG emissions have boosted the adoption of clean fuel across the globe. Various government incentives and subsidies have encouraged companies to invest in the biogas infrastructure development. Several new biogas plants are expected to be constructed in the next few years. However, the growth of biogas market is hampered by requirement of high initial investments and installation costs of biogas plants.

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Several players in the biogas market are vertically integrated companies. They are present across the value chain of biogas. High initial investments and availability of feedstock act as barriers for market entry for new players. Some of the global companies operating in the biogas market include Air Liquide Advanced Business & Technologies, Wärtsilä Corporation, Vanzetti Engineering S.r.l., Swedish Biogas International AB, Cryostar SAS, Gasrec Ltd., Biofrigas Sweden AB, Cryonorm BV, Scandinavian Biogas Fuels International AB, and EnviTec Biogas AG.

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