Biogas is a mixture of gases, primarily consisting of methane and carbon dioxide, produced from raw materials such as agricultural waste, manure, municipal waste, plant material, sewage, green waste and food waste. It is a renewable energy source. Biogas is produced after organic materials (plant and animal products) are broken down by bacteria in an oxygen-free environment, a process called anaerobic digestion. Biogas systems use anaerobic digestion to recycle these organic materials, turning them into biogas, which contains both energy (gas), and valuable soil products (liquids and solids).
MARKET DYNAMICS
Adoption of biogas as renewable source of energy in various developed and developing economies is expected to support growth of the global biogas market. Rising demand among farmers, municipalities, and industrial processors for waste treatment technologies is another factor for driving growth of the global biogas market. Biogas can be used as a fuel in stationary and mobile engines to supply motive power, pump water, drive machinery or to generate electricity, thus reducing the emission of gases that leads to global warming is other factor expected to support growth of the global biogas market.
MARKET SCOPE
The ?Global Biogas Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the biogas market with detailed market segmentation by source, application, and end-users. The global biogas market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biogas market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global biogas market is segmented by:
1. By Source: The market is categorized into Agricultural Waste, Industrial Waste, Energy Crops and Municipal Waste.
2. By Application: The market is segmented into Electricity Generation, Biofuel Generation, Heat Generation, Residential Cooking and Transportation.
3. By End Users: The market is segmented into Residential Uses, Commercial Uses and Industrial Uses.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The biogas 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 biogas market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the biogas market in these regions.
IMPACT OF COVID 19
The outbreak of the COVID-19 in Q1 of 2020 has harmed the global biogas market. Due to the outbreak of COVID-19 much of the groundwork was stopped for Mount Everest Biogas Project in Nepal. Further, due to the COVID-19 India is likely to miss its 15 million biogas production by 2023. The biogas market is primarily driven by rising electricity demand and the growing focus on alternative fuels to achieve an imperishable form of energy and security. However, a lack of awareness and understanding about biogas as a source of energy in the general public is likely to hinder the market growth.
MARKET PLAYERS
The report covers vital developments in the biogas market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the biogas market are anticipated to have lucrative growth opportunities in the future with the rising demand for biogas in the global market. Below mentioned is the list of a few companies engaged in the biogas market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biogas market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- EnviTec Biogas AG
- Finn Biogas
- Future Biogas Limited
- Greenlane Biogas
- IES Biogas S.r.l
- PlanET Biogas Global GmbH
- Prodeval
- Renergon International AG
- Scandinavian Biogas Fuels International AB
- Sistema. Bio