Biogas Market Size – Anticipated To Grow To Around USD Nine Billion By 2017

By   | May 25, 2015 |   Price: 4950  |   Category: Energy & Power
  • Biogas is a mixture of various gases and is generated through the breakdown of organic matter in the absence of oxygen. Also, it can be produced from feedstock, including manure, plant material, agriculture waste and many more. The biogas market is likely to observe growth to around nine billion by 2017.

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    The growing demand for biogas market can be attributed to increasing adoption of renewable energy from traditional energy sources. Additionally, growing awareness regarding environmental concerns is also predicted to fuel demand in the coming years. However, high installation costs in the installation of biogas systems are the major restraining factor.

    Volatile prices of gas and oil are the key driving factor for the biogas market. Also, the presence of small sized players of biogas plants near waste sites is likely to augment the agricultural and food industries over the forecast period. This factor is also predicted to drive demand for the biogas market.

    The biogas market can be bifurcated into applications and geographies. The market, on the basis of applications, includes biogas upgrading, biogas gas-grid injection and transportation. Geographically, the biogas market can be fragmented into Europe, Asia Pacific, North America and rest of the world (ROW).

    Europe is the largest market and expected to show further growth. This is due to rising concerns regarding the decrease of carbon dioxide emissions in the region. Major producers of biogas in Europe are Poland, Hungary and Czech Republic. Increasing awareness of renewable sources and rapid industrialization in the developing countries of China and India are expected to boost the biogas market in Asia Pacific.

    Biogas Market

    Information Source: Grand View Research

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