Research Nester published a report titled “Biogas Plant Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global biogas plant market in terms of market segmentation by type, application, feedstock, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The biogas plant market is estimated to occupy a large revenue by growing at a CAGR of ~7% during the forecast period, i.e., 2022 – 2030, owing to the escalating increase in pollution across the world, rising concerns to reduce carbon emissions and high focus on finding eco-friendly alternatives for fossil fuels. Apart from these, adoption of Paris climate change agreement by a number of countries in the world is also expected to drive market growth in the coming years.
The global biogas plant market is segmented by type, application and feedstock. Based on covering application, the segment for electricity generation is anticipated to grab the largest market share during the forecast period on the back of increasing electricity demand and intensifying electrification of transport. Additionally, based on type, the small digesters segment is projected to witness the highest growth over the forecast period ascribing to their growing implementation in rural areas of developing nations.
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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Europe region is evaluated to grab the largest share in the market during the forecast period attributing to the large volume of biogas production in the region. Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the future owing to the abundant availability of organic waste in countries such as China, India and Thailand.
Increasing Emphasis on Reducing Carbon Emissions to Drive Market Growth
As the rate of pollution is increasing at a rapid pace, many countries across the world are shifting their focus on the reduction of carbon emissions. This is giving rise to the usage of renewable fuels for energy generation, including biogas. In rural areas of developing countries, the government of nations are increasingly focusing on reducing the dependency on LPG, natural gas and other hydrocarbon fuels by the implementation of biodigesters. Increasing emphasis on the installation of such biogas plants had played a significant part to reduce the average temperature of the globe, which in turn is anticipated to boost market growth in the near future.
However, expensive installation of biogas plants is expected to operate as key restraint to the growth of the biogas plant market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global biogas plant market which includes company profiling of Ameresco Inc., Engie SA, Air Liquide SA, Gasum Oy, EnviTec Biogas AG, Future Biogas Limited, AB HOLDING SPA, IES BIOGAS S.r.I, PlanET Biogas Global GmbH, RENERGON International AG and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the biogas plant market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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