Biogas Plant Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Biogas Plant Market grew at a CAGR of 8.1% between 2017-2021 and is estimated to be US$ 3,946.7Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 8.8% and is expected to reach a valuation of US$ 9,173.2Mn by 2032 end.
The support provided to owners of biogas plants by public and commercial entities in the form of financial incentives and the calm nature of rules being set up is anticipated to boost the worldwide biogas plant market during the ensuing years. The industry is also being stimulated by the overwhelming goodwill around the construction of successful biogas plants, which will reduce the amount of waste dumped in landfills and provide a reliable supply of eco-friendly alternative fuels.
ChemView Consulting has analyzed that one of the key drivers propelling construction globally is the increasing use of renewable energy sources in different nations’ overall power mixes. The main goals of governing authorities in countries worldwide have been to reduce greenhouse gas (GHG) emissions and fulfill rising energy demands. The installation of renewable energy sources is anticipated to increase significantly over the next ten years to meet these goals, ultimately resulting in the market’s growth.
Most of the market was occupied by the application category for electric generation. The electricity demand is continuously rising due to rising household incomes, the electrification of transportation, and the rising use of digitally connected devices and air conditioning. Enerdata estimates that global final power consumption increased from 22,315 TWh in 2018 to 23,177 TWh in 2020.
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Segments Covered in Report
- Bio-Municipal Waste
- Agriculture Residue
- Energy Crops
By Digester Type:
- Wet Anaerobic Digestion
- Dry Anaerobic Digestion
- Electric Generation
- Heat Generation
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Biogas Plant Market
- Based on the feedstock depending on the feedstock, the market is divided into bio-municipal garbage, agricultural residue, energy crops, and others. The largest portion was made up of agricultural waste. Waste produced by agricultural activities is referred to as agricultural waste. According to Global Bioenergy Statistics, energy production from agricultural waste could provide between 3% and 14% of the world’s energy needs.
- Based on the application, most of the market was occupied by the application category for electric generation. The electricity demand is continuously rising due to rising household incomes, the electrification of transportation, and the rising use of digitally connected devices and air conditioning. Enerdata estimates that global final power consumption increased from 22,315 TWh in 2018 to 23,177 TWh in 2020.
- Based on the region, Europe held the largest market share for biogas plants at 46.3% due to growing investment in bio-related energy. By the end of 2020, there will be more than 19,000 operating biogas plants in Europe, according to the European Biogas Association. Around 11,500 MW of electric capacity had been installed across all of Europe.
Key companies covered in the market study are Future Biogas Limited, PlanET Biogas Global GmbH, WELTEC BIOPOWER GmbH, Scandinavian Biogas Fuels International AB, EnviTec Biogas AG, Ameresco, Quantum Green, AB HOLDING SPA, RENERGON International AG, StormFisher, Strabag, Thoni, Naskeo Environnement S.A., IES BIOGAS S.r.l, FINN BIOGAS
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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