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Anaerobic Digesters Market Growth, Size, Trends, Size, Share And Analysis Report 2024-2033
Anaerobic Digesters Market Growth
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According to The Business Research Company's, The anaerobic digesters market size has grown strongly in recent years. It will grow from $9.59 billion in 2023 to $10.15 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increased biogas production, environmental regulations and sustainable practices, stringent government rules and regulations, and the rising need for sustainable waste management solutions.
The anaerobic digesters market size is expected to see strong growth in the next few years. It will grow to $12.77 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing importance in anaerobic digestion, growing adoption spurred by environmental concerns, growing popularity of third-party ownership, growing at a faster pace with substantial growth, and the and the rising need for sustainable waste management. Major trends in the forecast period include technological developments, decentralized anaerobic digestion systems, increased adoption of small-scale systems, integration with renewable energy systems, and advanced digestate management.
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Market Drivers and Trends:
The increase in biogas production is expected to propel the growth of the anaerobic digesters market going forward. Biogas production is the process of creating a renewable gas from organic waste through anaerobic digestion. The increase in biogas production is driven by the need for renewable energy sources, reducing reliance on fossil fuels, managing organic waste sustainably, and lowering greenhouse gas emissions. Anaerobic digesters are beneficial for biogas production because they efficiently break down organic waste in an oxygen-free environment, producing biogas that can be used as a renewable energy source. For instance, in December 2023, according to the European Biogas Association, a Belgium-based association, in 2022, Europe's total biogas production (including biogas and biomethane) reached 21 billion cubic meters (bcm), accounting for 6% of the EU's natural gas consumption, with biomethane production rising from 3.5 bcm in 2021 to 4.2 bcm in 2022. Therefore, the increased biogas production drives the anaerobic digesters market.
Major companies operating in the anaerobic digester market are developing innovative solutions, such as micro anaerobic digester systems, to address the growing demand for sustainable waste management solutions. Microanaerobic digester systems are small-scale, closed biological reactors designed to break down organic waste materials, such as food waste, agricultural residues, or sewage, under anaerobic (oxygen-free) conditions. For instance, in February 2023, BioFactory, a UK-based energy equipment and solutions provider, launched the Micro AD Farm, a micro anaerobic digester system tailored for smaller dairy farms with 100 to 500 cows. This innovative technology enables farmers to convert cow slurry into renewable energy, helping to mitigate rising energy costs while reducing greenhouse gas emissions. The modular and scalable design allows for easy expansion and quick installation, making it accessible for farms with limited resources. Additionally, the system improves slurry quality, enhancing soil health and crop nutrient uptake.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Veolia Environnement S.A., NextEra Energy Inc., Strabag SE, SUEZ Water Technologies & Solutions Brazil S.A., Voith GmbH & Co. KGaA, Alfa Laval AB, Evoqua Water Technologies LLC, Aqualia S.A., METAWATER Co. Ltd., Xylem Inc., EnviTec Biogas AG, Anaergia Inc., Vanguard Renewables Inc., WELTEC BIOPOWER GmbH, Lystek International Inc., Somerset Industrie SAS, Schmack Biogas AG, DVO Inc., PlanET Biogas Solutions Inc., Ecosol LLC, Paques Inc., Stows Waste Management Limited, Westech Engineering Inc
Anaerobic Digesters Market 2024 Key Insights:
• The anaerobic digesters market size is expected to see strong growth in the next few years. It will grow to $12.77 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
• Increased Biogas Production Drives Growth Of Anaerobic Digesters Market
• Innovative Micro Anaerobic Digesters Transform Sustainable Waste Management For Small-Scale Farms
• Asia-Pacific was the largest region in the anaerobic digesters market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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