Biogas Market - Segments, Application, Statistics, Popular Trends With Growth Factors Forecast to 2023

Biogas has become priority in the energy generation mix for most of the countries in Europe, followed by North America and Asia-Pacific, in order to reduce their dependency on the conventional energy sources.

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Greenhouse gases and its destructive effect on environment, are contributing to the growth of the biogas market. The depleting oil reserve and uncertainty in crude oil prices is further anticipated to drive the growth of the market.

The governments are giving incentives to encourage biogas production. Owing to these reasons, the companies are venturing in to growing sector of biogas, and setting up new biogas plants.

Biogas can be used in electricity generation, transportation sector, and other household activities, such as cooking and heating. It can be compressed in the same manner, as natural gas is compressed and used as fuel in vehicle. As the number of vehicles across the globe are increasing,the use of biogas as fuel will also increase, which will boost its demand.

The biogas market will continue to grow with Europe having the major market share during the forecast period. The European countries have set up an association in the field of biogas and bio methane, namely European Biogas Association.

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European Union has passed stringent legislative framework to curb the carbon emission, which is proving to be the key growth driving factor for the biogas market in the region.

In North America, the U.S. dominated the biogas market. The stringent regulatory framework in the U.S., regarding reducing carbon and greenhouse gas emission from conventional energy generation source, is expected to enhance the biogas sector. The rapid industrialization rate, along with increasing importance for renewable power generation in India and China is expected to drive the growth of the Asia-Pacific market for biogas.

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The key players in the biogas market include Scandinavian Biogas Fuels International AB, EnviTech Biogas AG, Air Liquide Advanced Business and Technologies, Greenlane Biogas, Cryostar SAS, Vanzetti Engineering, Himark Biogas, DMT Environmental Technology, MT-Energie GmbH, Acrona Systems and Xebec Adsorption Inc.

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