Waste derived Biogas Market by Substrate (Sewage Sludge, Organic Waste, Energy Crops and Others); by Size (Less than 500 kW, 500kW-3MW, Greater than 3MW); by Technology (With Pre-Hydrolysis, Without Pre-Hydrolysis); by Process (Sewage, Anaerobic Digestion, Pyrolysis & Gasification and Landfill gas); by Application (Residential, Commercial, Industrial and others); by Region (North America, Asia-pacific, Europe, Latin America and Middle-East and Africa)- Analysis of market share, size & trends for 2016-19 and forecasts to 2030
[170+ Pages Research Report] Waste derived Biogas Market to surpass USD 111.7 billion by 2030 from USD 52.9 billion in 2021 at a CAGR of 8.70% throughout the forecast period 2021-30.
Biogas is the fusion of gases produced by the process of decomposition, which consists mainly of methane and carbon dioxide, and is mostly used as fuel. Biogas may come from crop waste, human waste, industrial waste, plant materials, dung, household waste, or food waste. Biogas is a renewable energy source and is a major substitute for conventional fuels.
Global Biogas Market is anticipated to exceed USD 111.7 billion by 2030 from USD 52.9 billion in 2021 at a CAGR of 8.70% throughout the forecast period, i.e., 2020-30. The global biogas market is estimated to grow on the back of the following reasons. Awareness mounting among peasants, municipalities, and industrial workspaces about waste management methods is a key driver of growth in the global biogas market. Another factor expected to support the growth of the global biogas market is the shift from conventional and non-renewable sources to biogas which is a renewable source of energy, in various developed and developing economies. Increasing awareness about judicious use of an exhaustible source of energy such as fossil fuels, reduction in carbon emissions, and ensuring a sheltered and sustainable energy supply is anticipated to propel the growth of the biogas market. It is also predicted that a decline in crude oil reserves coupled with disruptions caused by crude oil prices would boost demand.
In February 2019, WELTEC BIOPOWER built a biomethane plant in West Yorkshire in the U.K. This plant aims to supply sustainable energy to around 9600 households.
EnviTec Biogas AG commenced operations in its Biogas project in China. The plant is designed for feedstocks including turkey litter, dairy cattle manure, and others.
Energy Crops segment to grow at a CAGR of XX% during the forecast period
Based on substrate, the global biogas market is segmented into Sewage Sludge, Organic Waste, Energy Crops, and Others. The Energy Crops segment is forecasted to boost the substrate segment as it is a cheap crop and does not require much maintenance while being energy-efficient.
Less than 500 kW plants to drive the market
Based on the size of the plant, the market is segmented into Less than 500 kW, 500kW-3MW, and Greater than 3MW. The “Less than 500kW” segment to boost the overall market growth due to an increase in the development of more uptown and commercial plants. Additionally, a shift from polluting to more environment-friendly power generation is likely to propel the overall market growth.
Pre-Hydrolysis technology to boost the overall market growth
Global Biogas Market is categorized into Pre-hydrolysis and without pre-hydrolysis, by technology. The With Pre-hydrolysis segment held a market share of USD 52.9 billion in 2021 and is forecasted to grow at a CAGR of XX%. Minimal cost, waste recycling, and minimal waste production are some factors that favor the adoption of pre-hydrolysis technology across biogas plants.
Cheaper Substitute to Conventional Sources
Increasing awareness of the tenuous effect of greenhouse gas (GHG) emissions on the environment should help in the growing installation of plants producing biomass worldwide. Production of fuel from biogas assists in removing the issue of dumpsites and landfills that are anticipated to have a positive impact on the market for biogas.
The sector incorporates significant opportunities for future growth as the market is expected to transpire as a replacement for traditional fuels, including diesel and petrol. In addition to a renewable energy source, the amount of carbon in the biofuel is less. It emits fewer greenhouse gases which are expected to boost demand for biogas as a replacement for fossil fuels.
Huge Installation Costs
Huge installation cost and large gestation period, i.e., the gap between installation and commencement of the plant are seen as one of the factors hindering the growth of the biogas market.
The global biogas market is segmented on regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, and the Re, st of the world are classified as Middle-East and Africa. At present, Asia-Pacific is a major stakeholder in the global market as the region experiences the highest biogas production. Europe is the second-most market-leading region after the Asia Pacific. Germany, Italy, France, and Switzerland are major biogas-producing countries in the European region. In the European Biogas Association, several European countries work together whose directives are to curb carbon emissions. Additionally, other countries like Belgium, Slovakia, Hungary, and the Czech Republic are reinforcing their biogas production levels. The rapid industrial growth and the growing importance of renewable energy production in China and India are projected to increase gas demand in the APAC region.
The global biogas market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- the United States and Canada
Biogas Market by segment:
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