Redding, California, June 13, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled ‘Anaerobic Digestion Systems Market by Offering (Hardware [Digesters Tanks], Software, Services), Feedstock, Capacity, Application (Power Generation, Fuel, Agricultural & Industrial Waste Management), End User, and Geography - Global Forecast to 2030,’ the anaerobic digestion systems market is expected to reach $25.4 billion by 2030, at a CAGR of 9.8% from 2023 to 2030.
The anaerobic digestion systems market has been growing steadily in recent years due to increased awareness of the benefits of renewable energy, government incentives and regulations, and the rising cost of fossil fuels. Anaerobic digestion is a sustainable method of waste management and renewable energy production. It is a natural process facilitated by bacteria that break down organic matter without oxygen. It helps reduce greenhouse gas emissions, odors, and other negative environmental impacts of traditional waste disposal methods.
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The growth of this market is mainly driven by the growing demand for renewable energy sources, stringent government regulations for environmental protection, the increasing need for safe waste disposal, and growing awareness regarding the benefits of anaerobic digestion systems. However, the availability of other renewable energy sources restrain the growth of this market.
The growing adoption of organic feedstock for biogas generation and the integration of advanced technologies into anaerobic digestion systems are expected to create market growth opportunities. However, the operational issues with anaerobic digestion systems are major challenges for the players operating in this market. The increasing use of co-digestion is a prominent trend in the anaerobic digestion systems market.
The anaerobic digestion systems market is segmented by hardware (digesters tanks, biogas handling equipment, monitoring & control equipment, feedstock pre-processing equipment, and other hardware), software (simulation software, energy modeling software, data management software), and services (designing & installation services and operations & maintenance services); feedstock type (agricultural waste, municipal waste, industrial waste, sewage waste, other feedstocks); capacity (small-scale, medium-scale, large-scale); application (power generation, fuel, agricultural & industrial waste management, other applications); sector (automotive, energy & utilities, commercial & residential, agriculture, industrial); and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.
Based on offering, the global anaerobic digestion systems market is broadly segmented into hardware, software, and services. In 2023, the hardware segment is expected to account for the largest share of the global anaerobic digestion systems market. The large market share of this segment is attributed to the growing demand for renewable energy sources and sustainable waste management practices and the increasing use of digesters, generators, compressors, gas storage tanks, pumps, pipes, and other equipment necessary for the anaerobic digestion process. This segment is also projected to register the highest CAGR during the forecast period.
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Based on feedstock type, the global anaerobic digestion systems market is broadly segmented into agricultural waste, municipal waste, industrial waste, sewage waste, and other feedstocks. In 2023, the agricultural waste segment is expected to account for the largest share of the global anaerobic digestion systems market. However, the municipal waste segment is projected to register the highest CAGR during the forecast period due to the increasing household and commercial waste, growing regulations and incentives for the treatment of municipal waste to reduce landfills, incinerators, and greenhouse gas emissions.
Based on capacity, the global anaerobic digestion systems market is broadly segmented into small-scale, medium-scale, and large-scale. In 2023, the medium-scale segment is expected to account for the largest share of the global anaerobic digestion systems market. The large market share of this segment is attributed to the increasing use of anaerobic digestion systems with a capacity between 500 kW–3 MW for commercial and industrial operations and the growing need to process large volumes of organic waste for biogas production for large-scale renewable energy projects. The medium-scale segment is also projected to register the highest CAGR during the forecast period.
Based on application, the global anaerobic digestion systems market is broadly segmented into power generation, fuel, agricultural & industrial waste management, and other applications. In 2023, the power generation segment is expected to account for the largest share of the global anaerobic digestion systems market. The large market share of this segment is attributed to the increasing need to generate electricity by converting biogas produced from organic waste into electricity using anaerobic digestion systems, the growing demand for renewable energy sources, and the increasing government support for renewable energy projects.
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However, the agricultural & industrial waste management segment is projected to register the highest CAGR during the forecast period due to the increasing need to manage organic waste from agricultural and industrial operations, such as food processing facilities or livestock farms, the increasing demand for renewable fuels and the need for sustainable waste management solutions, and the increasing environmental regulations and mandates to reduce greenhouse gas emissions and other environmental problems.
Based on sector, the global anaerobic digestion systems market is broadly segmented into automotive, energy & utilities, commercial & residential, agriculture, and industrial. In 2023, the energy & utilities segment is expected to account for the largest share of the global anaerobic digestion systems market. The large market share of this segment is attributed to the increasing need to reduce greenhouse gas emissions, stringent environmental regulations, government incentives for renewable energy production, rising acceptance of biofuels, and the need for alternative renewable energy sources. However, the agriculture segment is projected to register the highest CAGR during the forecast period.
Based on geography, the global anaerobic digestion systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Europe is expected to account for the largest share of the global anaerobic digestion systems market, followed by Asia-Pacific and North America. However, Asia-Pacific is expected to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the increasing demand for sustainable waste management solutions, the increasing waste management regulations to reduce the amount of waste going to landfills and promote recycling, and the increasing government policies and incentives in countries, including China, India, and Japan to promote the use of renewable energy and reduce greenhouse gas emissions.
The report also includes an extensive assessment of the key growth strategies adopted by the leading market participants in the last three to four years. The key players operating in the anaerobic digestion systems market are Evoqua Water Technologies LLC (U.S.), PlanET Biogas Global GmbH (Germany), Biogen (UK) Ltd (U.K.), VWS (UK) Ltd, Hitachi Zosen Inova AG (Switzerland), Nature Energy (Denmark), BTS Biogas Srl/GmbH (Italy), EnviTec Biogas AG (Germany), Agrinz Technologies GmbH (Austria), Bioenergy Devco (U.S.), AAT Abwasser- und Abfalltechnik GmbH (Austria), Agraferm GmbH (Germany), Scandinavian Biogas Fuels International AB (Sweden), BDI-BioEnergy International GmbH (Austria), ENGIE SA (France), Capstone Green Energy Corporation (U.S.), BIOQUADRAT Energie- und Wassertechnik Holding GmbH (Austria), Zero Waste Energy, LLC (U.S.), and Renewi plc (U.K.).
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Scope of the report:
Anaerobic Digestion Systems Market Assessment - by Offering
- Hardware
- Digesters Tanks
- Biogas Handling Equipment
- Monitoring & Control Equipment
- Feedstock Pre-processing Equipment
- Other Hardware
- Software
- Simulation Software
- Energy Modeling Software
- Data Management Software
- Services
- Designing & Installation Services
- Operations & Maintenance Services
Anaerobic Digestion Systems Market Assessment - by Feedstock Type
- Agricultural Waste
- Municipal Waste
- Industrial Waste
- Sewage Waste
- Other Feedstocks
Anaerobic Digestion Systems Market Assessment - by Capacity
- Small-Scale
- Medium-Scale
- Large-Scale
Anaerobic Digestion Systems Market Assessment - by Application
- Power Generation
- Fuel
- Agricultural & Industrial Waste Management
- Other Applications
Anaerobic Digestion Systems Market Assessment - by Sector
- Automotive
- Energy & Utilities
- Commercial & Residential
- Agriculture
- Industrial
Anaerobic Digestion Systems Market Assessment - by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Netherlands
- Denmark
- Austria
- Switzerland
- Finland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Singapore
- Australia & New Zealand
- Malaysia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- South Africa
- Rest of the Middle East & Africa
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