The global biogas market is growing at a CAGR of 6.56% from 2015 to 2023 in terms of volume. The market generated 22,488.0 KTOE in 2014. By 2023, the global biogas market is estimated to generate 39,845.58 KTOE, according to a research report released by Transparency Market Research, titled “Biogas Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023”.
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Biogas Market Report with Full TOC at
http://www.transparencymarketresearch.com/biogas-market.html
According
to the report, the global biogas market is primarily driven by the
rising greenhouse gas emissions. The rise in the environmental
pollution caused by GHGs has prompted national energy bodies to adopt
cleaner fuel sources. The report expects multiple biogas plants to be
planned and constructed over the given forecast period.The global
biogas market is, however, restrained by the heavy installation costs
as well as the high initial investments required.
Key
segmentations of the global biogas market are done using the criteria
of geography and applications. The application sectors of the global
biogas market include vehicle fuel, electricity and heat, as well as
other minor applications. The report states that the electricity and
heat application segment was the largest segment of the global biogas
market in 2014. The electricity and heat segment is also expected to
keep growing at a fast pace in the near future.The report also
predicts that the number of vehicles that use biogas or biogas
sources as fuel will increase over the forecast period. The list of
countries currently employing natural gas cars and other vehicles
includes Malaysia, Thailand, India, China, Sweden, and Germany. Their
growing adoption of natural gas vehicles is likely to boost the
global biogas market.
Of
the many countries that make use of biogas, Germany has an above
average share in the market. The report cites the multiple biogas
plants installed in the country as the reason for this.The report
also mentions the dominance France, the U.K., and other European
countries have had in the adoption of cleaner energy sources,
including biogas.The key players in the global biogas market include
EnviTec Biogas AG, Scandinavian Biogas Fuels International AB,
Cryonorm BV, Biofrigas Sweden AB, Cryonorm BV, Gasrec Ltd., Cryostar
SAS, Swedish Biogas International AB, Vanzetti Engineering S.r.l.,
Wärtsilä Corporation, and Air Liquide Advanced Business &
Technologies.
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According
to the report, most of the top companies involved in the global
biogas market are vertically integrated firms that produce multiple
offerings and services across the global biogas market’s value
chain. High initial investment costs and fluctuating availability of
feedstock continue to act as hindrances to the global biogas
market.Multiple government bodies have boosted the global biogas
market by providing incentives towards renewable and clean energy
generation plants.Biogas is considered to be a clean source of energy
and has received substantial attention over the past few years. The
growing environmental concerns over emission levels have led to many
governments and regulatory bodies to release mandates that make
energy producers focus more on renewable sources than the
conventional ones.
The
global biogas market has been segmented as follows:
Global
Biogas Market: Application Analysis
- Electricity & Heat
- Vehicle Fuel
- Others
Global
Biogas Market: Regional Analysis
North
America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Rest of Europe
Asia
Pacific
- China
- South Korea
- Rest of Asia Pacific
Rest
of the World (RoW)
- Brazil
- Others
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TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
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