Pune, India, March 02, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global biogas market size was evaluated at USD 52.9 billion in 2020 and is touted to reach a valuation of USD 93.64 billion by the end of the forecast period 2021-2027, expanding at a CAGR of 8.5% throughout.
Proceeding further, the industry is classified into various subsegments on the basis of product type, application, and geographies to uncover untapped investment avenues. Moreover, it explicates the competitive hierarchy on the basis of financials, strategies, and other recent updates of prominent players in this business sphere.
Increasing environmental awareness, coupled with heavy investments in renewable fuel & energy are acting as a major impetus to market growth. As per the Ministry of Power and New and Renewable Energy, in India, renewable energy accounts for 25.24% of the total installed generation capacity of the country.
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For the unversed, biogas is an environmentally friendly and renewable fuel, created by converting several forms of organic waste into gas. It is mainly used for industrial applications such as on-site electricity production, municipal electricity production as well as for on-road vehicle fuel.
Additionally, the ongoing shift towards creating a waste derived bioeconomy is also propelling the remuneration scope of the industry. However, massive infrastructural investments required for setting up the plants is likely to hamper market development over 2021-2027.
Market segmentation review
Based on product type, worldwide biogas industry is classified into livestock manure, sewage, crop residue, and food waste. Considering application scope, the market classification comprises residential, industrial, and commercial segments.
Regional outlook
Major regions considered in the market study are Asia Pacific, Europe, North America, and Latin America. Among these, Europe currently captures a significant market share and is expected to grow remarkably over the forecast period. This growth can be credited to increasing focus towards reducing environmental pollution levels, and global initiatives to lower carbon emission rates.
Meanwhile, Asia-Pacific market is touted to witness a notable CAGR over the forecast period 2021-2027, driven by factors such as increasing government spending on renewable energy resources, and rising disposable income of consumers.
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Competitive scope
Prominent players influencing global biogas market are AAT Abwasser-und Abfalltechnik GmbH, BEKON GmbH, BIOGEN (U.K.) Ltd, Cargill Inc., Environmental Products & Technologies Corp., Water Technologies LLC, n-bio GmbH, Siemens AG, and Zorg Biogas GmbH.
These players are constantly engaging in strategic moves such as mergers & acquisitions, collaborations, and research & development activities to expand their footprint in the industry.
Global Biogas Market, by Product Type (Revenue, USD Billion, 2018-2027)
- Live Stock Manure
- Sewage
- Crop Residue
- Food waste
Global Biogas Market, by Application Scope (Revenue, USD Billion, 2018-2027)
- Residential
- Industrial
- Commercial
Global Biogas Market, by Regional Outlook (Revenue, USD Billion, 2018-2027)
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Italy
- ROE
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Latin America
- Brazil
- Mexico
Rest of the World
Global Biogas Market, by Competitive Dashboard (Revenue, USD Billion, 2018-2027)
- AAT Abwasser-und Abfalltechnik GmbH
- BEKON GmbH
- BIOGEN (U.K.) Ltd.
- Cargill Inc.
- Environmental Products & Technologies Corp.
- Water Technologies LLC
- n-bio GmbH
- Siemens AG
- Zorg Biogas GmbH
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Biogas Market, by Region, 2019-2027 (USD Billion)
1.2.2. Global Biogas Market, by Type, 2019-2027 (USD Billion)
1.2.3. Global Biogas Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Biogas Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Biogas Market Dynamics
3.1. Biogas Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Rise in environmental awareness
3.1.1.2. Large number of investments in renewable source of fuel and energy
3.1.2. Market Challenges
3.1.2.1. Huge preliminary investments for setting up the Plants
3.1.3. Market Opportunities
3.1.3.1. Waste derived Economy
Chapter 4. Global Biogas Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Biogas Market, by Type
6.1. Market Snapshot
6.2. Global Biogas Market by Type, Performance - Potential Analysis
6.3. Global Biogas Market Estimates & Forecasts by Type, 2018-2027 (USD Billion)
6.4. Biogas Market, Sub Segment Analysis
6.4.1. Live Stock Manure
6.4.2. Crop Residue
6.4.3. Sewage
6.4.4. Food waste
Chapter 7. Global Biogas Market, by Application
7.1. Market Snapshot
7.2. Global Biogas Market by Application, Performance - Potential Analysis
7.3. Global Biogas Market Estimates & Forecasts by Application, 2018-2027 (USD Billion)
7.4. Biogas Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
7.4.3. Industrial
Chapter 8. Global Biogas Market, Regional Analysis
Related Report:
Biogas Market Size, Industry Analysis Report, Region Outlook, Competitive Market Share & Forecast, 2019-2025
Global Biogas Market is anticipated to exceed USD 110 billion by 2025. Growing concerns pertaining to emissions control of the conventional power generation stations coupled with ongoing efforts toward the diversification of the energy portfolio will stimulate the global biogas industry growth. Supportive regulatory framework, and easy availability of feedstock are few prominent factors favoring technology deployment. In addition, growing demand for efficient waste management practices will further boost the installation of biogas plants. Organic waste biogas market will grow on account of intensifying significance of resource recovery practices. Rising focus toward the expansion of biogas production form biodegradable sources of garbage owing to surging waste generation rate due to improving income levels will enhance the business landscape.
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