The biogas and biomethane market is expected to grow due to the growing demand for products from various applications such as electricity, heat, vehicle fuel, enhanced biogas, and cooking gas. The shift in focus towards the use of renewable energy, especially in the electricity sector, has significantly increased the demand for biogas in energy applications. Additionally, the growing need to reduce dependence on fossil fuels creates lucrative growth potentials for biogas and biomethane in vehicle fuel applications.
MARKET SCOPE
The "Global Biogas and Biomethane Market Analysis to 2028" is a specialized and in-depth study of the biogas and biomethane industry with a focus on the global market trend. The report aims to provide an overview of global biogas and biomethane market with detailed market segmentation by type, and end user. The global biogas and biomethane market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global biogas and biomethane market is segmented on the basis of type, and end user.
- On the basis of product type, the market is segmented into agriculture type, sewage and wastewater type, landfill Type, Others.
- On the basis of end user, the market is segmented into electricity generation, Vehicle Fuel, Gas Grid.
MARKET DYNAMICS
Drivers:
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- The biogas and biomethane market has witnessed significant growth due to the growing demand from chemical industry.
- However, research and development activities are projected to hamper the overall growth of the biogas and biomethane market in the forecast period..
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The COVID-19 outbreak had less impact on the biogas plant market without major delays in the project. Projects like the Gandari biogas plant project in Nepal did not have a large negative impact during the COVID-19 pandemic. With increasing pollution, many countries around the world are emphasizing reducing CO2 emissions. The use of renewable resources, such as biogas, can help reduce the growing carbon footprint and thus lower the average rate of global temperature rise. The biogas plant market is mainly driven by supportive government policies and the growing share of biogas and biomethane blends. However, the market for biogas plants can be hampered by the increasing use of alternative renewable energy sources and by high primary investment and installation costs.
MARKET PLAYERS
The report covers key developments in the biogas and biomethane market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the biogas and biomethane market are anticipated to provide lucrative growth opportunities in the future owing favourable government regulations for mitigating carbon emissions.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biogas and biomethane market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Gasrec
- Future Biogas
- VERBIO
- Thorso Biogas
- Staples Vegetables
- Nature Energy
- Asia Biogas
- Deqingyuan
- Mengniu
- Shandong Minhe