The global biogas market size is expected to reach around US$ 32 billion by 2026 and is anticipated to grow at a CAGR of around 5.8% in terms of revenue during the forecast period 2019 – 2026.
Free Download Sample Report Pages for Better understanding@ https://www.acumenresearchandconsulting.com/request-sample/1604
Asia Pacific dominated the global biogas market in 2018, due to increasing infrastructure and household in the region, along with huge rise in agricultural production, which led to rise in both crop and animal waste. Due to presence of key biogas production players, coupled with major initiatives taken by Europe Biogas Association to support biogas production across European countries, Europe accounted for a substantial share of the biogas market in 2018, and is estimated to be the fastest growing market for biogas. North America is also projected to account for a significant market share, owing to presence of high technology biogas players, focusing on R&D activities to ensure efficient production of biogas to suffice the demands from the industry. The Latin America biogas market is primarily driven by the increasing demand for combined heat and power (CHP) and electricity generation from the emerging countries of the region, owing to their fast infrastructure and household expansion. The Middle East & Africa biogas market is characterized by the increasing focus on government to invest in biogas plants and production, with the objective of reducing carbon emissions and moving towards renewable sources of energy.
View Detail Information with Complete TOC@ https://www.acumenresearchandconsulting.com/biogas-market
Segmentation Analysis
Electricity can be majorly generated through deployment of biogas. Biogas leads to lower greenhouse emissions, thereby, generating clean energy. With rise in urbanization and emergence of households, there is a rising demand for electricity across the globe. Biogas is utilized to suffice the energy requirement, in a low-cost and effective manner. Furthermore, rising environmental concerns are persuading electric utility companies to focus on generating electricity through renewable sources. Most US companies are trying to generate 100% electricity using biogas and other renewable sources by the end of 2022. These factors are anticipated to fuel the growth of the electricity segment during the forecast period. CHP segment is anticipated to experience the highest CAGR over the forecast period. Biogas acts as a low-cost and efficient alternative for conventional heating fuel, which helps in benefitting the segment.
Agricultural waste segment accounted for major share of the market due to growing production of agriculture across the globe. Emerging nations are investing on agricultural lands to increase agricultural production as well as exports. This is accountable for generating substantial organic waste, through animals as well as crop, which, in turn, is anticipated to fuel the growth of this segment. Landfill segment is expected to experience the highest growth during the forecast period. Vehicle fuel segment is also expected to grow substantially during the forecast period, owing to the major focus of automotive companies to reduce carbon emissions through cost-effective alternative.
Related Reports
Key Highlights
Key Players
Principle market players incorporated in this report are Engie, Eggersmann GmbH, WELTEC BIOPOWER, Conveco S.r.L., Air Liquide, WAMGROUP S.p.A., EnviTec Biogas AG, BioConvesion Solutions and DMT Environmental Technology, among others.
In order to expand their product portfolio and regional share, key players were engaged in expansion strategies and new product development. For instance, in July 2018, Engie, launched HomeBiogas, an innovative biogas system provider, with the objective of efficiently installing biogas systems in Europe and other emerging regions, for development of green gas and providing access to low-carbon energy. In February 2019, the company partnered with Vol-V to increase their biogas customer base in the Europe region. In August 2017, DMT Environmental Technology developed Gas-to-Grid at their biogas facility in Vestjysk, with the aim of providing smooth injection into the grid, thereby enhancing their agricultural customer base in the region.
Request for Customization@ https://www.acumenresearchandconsulting.com/request-customization/1604
The report is readily available and can be dispatched immediately after payment confirmation.
Buy this premium research report@ https://www.acumenresearchandconsulting.com/buy-now/0/1604
If you would like to place an order or have any questions, please feel free to contact at sales@acumenresearchandconsulting.com | +1 407 915 4157 OR +1 408 900 9135
For Latest Update Follow Us:
https://www.facebook.com/acumenresearchandconsulting
https://www.linkedin.com/company/acumen-research-and-consulting/
The behavioral health market is segmented into North America, Europe, Asia Pacific, Latin America and The Middle East & Africa…
Key Players & Strategies Key players operating in the market are Acadia Healthcare, The MENTOR Network, Universal Health Services, Inc.,…
Europe hold maximum share for behavioral health market. The global behavioural health market is estimated to grow at a healthy…
The global behavioural health market is estimated to grow at a healthy CAGR of over 2.5% during the forecast period…
The global behavioural health market is estimated to grow at a healthy CAGR of over 2.5% during the forecast period…
The latest survey on global Refractory Market is conducted covering various organizations of the industry from different geographies to come…