Biogas Plant Market Expected to Skyrocket at 14.7% CAGR through 2027;

Pune, India, Oct 04, 2021 (GLOBE NEWSWIRE) – The global biogas plant market size is expected to reach USD 7.71 billion by 2027, with a CAGR of 14.7% during the forecast period . The increasing adoption of bioenergy sources will be a major determinant of the growth of this market, observes Fortune Business Insights â„¢ in its report entitled “Biogas Plant Market Size, share and COVID-19 impact analysis by raw material (bio-municipal waste, agricultural residues, energy crops and others), by type of digester (wet anaerobic digester and dry anaerobic digester), by application (electricity production , heat production, transport, and others) and regional forecasts, 2020-2027 ”. Growing concerns about escalating global emission levels have intensified global efforts to transition to clean energy sources.

Biogas, which is part of bioenergy, is seen as an important instrument to facilitate this transition. According to the International Energy Agency (IEA), 67% of global electricity demand will be met by renewables by 2040, with solar and wind accounting for around 40% and bioenergy and hydropower about 25%. The IEA’s declared policies scenario predicts that the share of bioenergy will increase from the current 5% to 12% by 2040, while its sustainable development scenario envisages an increase in the share to 20% by 2040. Biogas plants will be the crux of bioenergy adoption in the coming decades, which bodes well for this market.

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List of Key Companies Covered by the Biogas Plant Market Report:

  • Agrinz Technologies GmbH (Austria)
  • IES BIOGAS Srl (Italy)
  • Thoni (Austria)
  • StormFisher (Canada)
  • AB HOLDING SPA (Italy)
  • Ameresco (United States)
  • Scandinavian Biogas Fuels International AB (Sweden)
  • PlanET Biogas Global GmbH (Germany)
  • FINN BIOGAS (Australia)
  • Naskeo Environment SA (France)
  • Strabag (Austria)
  • RENRGON International AG (Switzerland)
  • Quantum Green (India)
  • EnviTec Biogas AG (Germany)
  • WELTEC BIOPOWER GmbH (Germany)
  • Future Biogas Limited (UK)

Scope and segmentation of Biogas Plant Market report:

Cover of the report Details
Forecast period 2020 to 2027
Forecast period 2020 to 2027 CAGR 14.7%
2027 value projection $ 7.71 billion
Year of reference 2019
Market size in 2020 $ 5.05 billion
Historical data for 2016 to 2018
Number of pages 220
Covered segments Raw material, Digester type, Application
Growth drivers Pushing Ongoing Biogas Projects Amid COVID-19 To Bring New Energy To Market
High production capacity to propel market growth in Europe

Pitfalls and challenges

High initial investments for establishing factories may hamper market growth

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Driving factor

Pushing Ongoing Biogas Projects Amid COVID-19 To Bring New Energy To Market

The growth of the biogas plant market is expected to benefit from regional and international support for the realization of biogas projects already underway in different parts of the world. For example, in South Africa, a waste-to-energy project funded by the Global Environment Facility (GEF) and the United Nations Industrial Development Organization (UNIDO) to raise awareness of the benefits of biogas has been blocked due to the COVID-19 pandemic outbreak. .

However, the project managers ensured the installation of digesters on the site, even if the monitoring is done remotely. In Senegal, the value added tax on renewable energies has been abolished, which includes biogas equipment. In addition, governments are also actively developing biogas capacity in their countries. For example, in December 2020, India’s Ministry of Petroleum and Natural Gas signed an agreement with JBM Renewables to build 500 compressed biogas projects in the country. However, supply chain disruptions and reduced investment due to coronavirus have hampered the growth of this Biogas market in 2020.

According to the report’s findings, in 2019 the global biogas plant market value was $ 5.05 billion in 2019. Other report features include:

  • In-depth understanding of global industry trends and outlook;
  • Microscopic assessment of market drivers, segments and constraints;
  • Holistic analysis of regional market developments; and
  • Comprehensive review of the competitive landscape of the Biogas market.

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Regional perspectives

High production capacity to propel market growth in Europe

Europe dominates the market share of biogas plants, with a market size of 3.46 billion USD in 2019. The main reason for the region’s enviable position in this space is the widespread presence of biogas plants on the continent. For example, the European Biogas Association estimates that more than 18,000 biogas production plants were operational in Europe at the end of 2019.

The increased investment in renewable energy sources and the massive generation of organic waste are expected to be the two major factors fueling the market growth in Asia-Pacific. The market in North America, on the other hand, is expected to take advantage of many lucrative opportunities during the forecast period owing to the strong presence of biogas plants in all 50 states of the United States.

Competitive landscape

Geographic expansion will be the main growth strategy of market players

Companies operating in this biogas plant market regularly expand their presence in different geographic areas to broaden their international business horizons. In addition to this, key players are also engaging in collaborations with other competitors as well as government entities to gain additional competitive advantage.

Industry Developments:

  • June 2020: EnviTec Biogas AG made its debut in the Estonian gas market with a dual order for its EnviThan gas upgraders. Even though the company has already built seven biogas plants in Latvia, gas upgrading facilities are new technologies for the Baltic States, giving EnviTec a head start in this region.
  • February 2020: Brightmark has announced the expansion of its dairy biogas project in western New York called Yellowjacket. In partnership with a total of six farms in the region, the project will extract methane from dairy manure generated per day and convert it into renewable natural gas.

Quick Buy – Biogas Plant Market:

Main Table of Contents:

  • introduction
    • Scope of research
    • Market segmentation
    • Research methodology
    • Definitions and assumptions
  • Abstract
  • Market dynamics of biogas plants
    • Market factors
    • Market constraints
    • Market opportunities
  • Key ideas
    • Main emerging trends – for the main countries
    • Key developments: Mergers, Acquisitions, Partnerships, etc.
    • Latest technological advances
    • Regulatory landscape
    • Porters Five Forces Analysis
  • Qualitative analysis – Impact of COVID-19
    • Impact of COVID-19 on the biogas plant market
    • Measures taken by the government to overcome the impact
    • Key Industry Developments in Response to COVID-19
    • Opportunities and potential challenges due to the COVID-19 epidemic
  • Global Biogas Plant Market Analysis (USD Billion), Information and Forecast, 2016-2027
    • Main conclusions / Summary
    • Market analysis, information and forecasts – by commodity
      • Bio-Municipal Waste
      • Agricultural residues
      • Energy crops
      • Others
    • Biogas Plants Market Analysis, Information & Forecast – By Digester Type
      • Wet Anaerobic Digestion
      • Dry anaerobic digestion
    • Market Analysis, Information & Forecast – By Application
      • Energy production
      • Heat production
      • Transport
      • Others
    • Biogas Plants Market Analysis, Outlook and Forecast – by Region
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • Latin America

Table of contents continued…!

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