The Global Biogas market can be categorized on the basis of technology into two segments which are Anaerobic Digesters and Landfill.
The biogas industry has remained a relatively small market within the bio-energy sector as a whole. Despite this, the biogas sector is currently seeing a number of factors that are fuelling its growth, including increased demand for distributed generation, tighter environmental regulations and increased demand for natural gas powered vehicles. Expected to grow at a CAGR of 8.64%in the period from 2013-2018, market experts predict that the sector would reach USD 33.1 billion by 2022.
This report, Global Biogas Market 2014-2018, is segmented based on technology, which are anaerobic digesters and landfills. It provides an in-depth analysis of the market and provides inputs from the key players of the market. It covers the regions of EMEA, APAC, and the Americas.
Biogas industry gaining traction
Prepared from the bio-products of biodiesel, ethanol and anaerobic digestion of energy crops and organic residues, the product created can be burnt as a gas or can be converted into electricity. Biogas can also be stored in canisters for transportation. The biogas market is currently growing for its versatility as an energy carrier and ability to meet the demands of growing power, fuel, heat and chemical markets.
Tapping opportunities across Europe, Americas, and the Asia Pacific, the key players are seeking ways to export their expertise abroad. The increased demand by the farmers, industrial processors for waste management and the widening opportunities for renewable natural gas in cogeneration applications are some of the factors that assures the steady growth for the biogas industry in the coming decade.
Asia Pacific leading the market
Forecasted to reach USD 83.9 million at a CAGR of 22.8% by 2016, the renewable energy sector will be the fastest growing energy sources in the near future. The biogas market’s growth can be attributed to its use in a number of residential and industrial applications and its ability to provide better efficiency as compared to other renewable energy resources and its cost effectiveness.
Currently, Asia leads in the total number of biogas plants although most of them are small-scale plants that are capable of serving single homes or a small community. Europe follows it closely, the number is expected to grow in near future as awareness regarding its usage, and its eco-friendliness propagates further. Furthermore, the production of biogas is cost-effective, as the feed required for its production is easily available.
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Biogas industry, biogas market