A recent report published by Infinium Global Research on biogas plant market provides in-depth analysis of segments and sub-segments in the global as well as regional biogas plant market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional biogas plant market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global biogas plant market. According to the report, the global biogas plant market is projected to grow at a CAGR of 7.85% over the forecast period of 2018-2024.
A biogas plant is where biogas is produced. Biogas is clean and energy-rich fuel. It basically comprises of Carbon Dioxide and Methane gases. A biogas plant utilizes manure, waste and other organic feedstock by converting the biomass into energy and valuable bio-fertilizer. Biogas is derived from organic wastes such as agricultural residues, wastes from households and industries and municipal solid wastes. It can be also used for the generation of power and the high-quality digestate as a fertilizer for domestic as well as commercial purposes. It is an effective alternative to the use of fossil fuels. This provides energy, recycles waste and controls pollution thereby improving public hygiene.
The huge consumption and extinction of fossil fuels is the major driving factor for the growth of biogas plants. There is a significant rise in demand for an alternative renewable source of energy also due to the continuous production of organic waste. The gas produced from the biogas plant finds its application in domestic and industrial sectors by generating power. However, the growth of other renewable energy sectors like solar energy, wind energy and hydropower act as a potential threat to the growth of biogas plant market. Furthermore, the growing population contributes to the growth of the global biogas plant market. Moreover, the rising awareness about environmental pollution and the need for proper waste management are also expected to increase the demand for biogas plant market over the forecast period.
Geographically, Asia-Pacific dominates the biogas plant market and expected to remain dominant region over the forecast period. Asian countries such as China and India holds the maximum market share in the biogas plant market. The strong government policies and increasing adoption of new sources of energy are the factors driving the growth of biogas plant market in North American Region. Furthermore, Europe is the fastest growing region in the biogas plant market owing to the high demand for an alternate source of energy and waste management.
The report on global biogas plant market covers segments such as feedstock, digesters, and application. On the basis of feedstock, the global biogas plant market is categorized into agricultural waste, energy crops, industrial waste, and sewage sludge. On the basis of digesters, the global biogas plant market is categorized into fixed dome biogas plants, floating drum plants, low-cost polyethylene tube digester, balloon plants, horizontal plants, earth-pit plants, and ferro-cement plants. On the basis of application, the global biogas plant market is categorized into generation of electricity, generation of biofuels, and generation of heat.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the biogas plant market. As a result, the APAC region is projected to experience a growth at a CAGR of x.x% over the forecast period 2018-2024.
The report provides profiles of the companies in the global biogas plant market such as 2G Energy AG, Exxonmobil, Bio-En Power Inc., Air Liquide, Bosch KWK System GmbH, PlanET Biogas International. DMT Environmental Technology BV, DVO, Inc., Scandinavian Biogas, and EnviTec Biogas.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global biogas plant market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of biogas plant market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the biogas plant market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the biogas plant market to understand the present and future trends in this market and formulate their strategies accordingly.
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