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Waste Derived Biogas Market Growth and Forecast 2016-2024
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Some nations utilize energy crops to produce biogas. However, waste feedstock is the most used raw material for the production of biogas. Waste feedstock comprises agricultural waste, industrial waste, and sewage. The global waste derived biogas market is segmented on the basis of type, application, and geography.
The overview section of the global waste derived biogas market analyzes the key drivers, leading players, current trends, future growth opportunities, and the market restraints. Porter’s five force model is also used in the research to study the feasibility of new projects. With a SWOT analysis – an industry standard tool – strengths, weaknesses, opportunities, and threats of the global waste derived biogas market stakeholders are studied. The entry of new players is expected to make the global waste derived biogas market highly competitive in the next few years.
Overview of the Global Waste Derived Biogas Market
The global waste derived biogas market is expected to reach US$217 bn by 2016 due to factors such as supply anxieties, awareness regarding the judicious usage of fossil fuels, and price stability. Biogas comes under the category of clean fuels, primarily obtained from various waste materials. Biogas is an important substitute for conventional fossil fuels. Renewable, sustainable energy generation is expected to be the fastest developing energy sector in the coming two decades due to increasing concerns towards the overuse of fossil fuels and the rising awareness towards environmental protection.
New energy generation techniques, especially energy generation from renewable resources such as biogas, are expected to be in demand in the next few years. Based on application, the global waste derived biogas market is classified into municipal electricity production, transportation fuel, and on-site electricity production. By geography, the global waste derived biogas market is divided into Asia Pacific, Europe, North America, and Rest of the World. Currently, Asia Pacific leads the global waste derived biogas market due to the growing number of biogas production plants in Asia. The availability of feedstock in rural areas is expected to propel the Asia Pacific waste derived biogas market in the next few years. The demand for the anaerobic process of energy generation is expected to increase in Africa in the next few years.
Companies Mentioned in the Research Report
Some of the prominent players operating in the global waste derived biogas market are AAT GmbH & Co., Bedminster International, Biogas Technology Ltd., Cargill Inc., Environmental Energy Engineering Co., Biotech Energy AG, Siemens AG, ADI Systems Inc., Bekon Biogas Energy Inc., Biogen Greenfinch, Chevron Energy Solutions, Environmental Products & Technology Corp., General Electric Co., and Waste Energy Solutions LLC.
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