The latest research study by IMARC Group, "Biogas Plant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" offers a comprehensive analysis of the industry, which comprises insights on biogas plant cost. The global market size reached 20.2 GW in 2022. Looking forward, IMARC Group expects the market to reach 26.6 GW by 2028, exhibiting a growth rate (CAGR) of 6.89% during 2023-2028.
A biogas plant represents a facility that offers oxygen-free conditions for the anaerobic digestion of agricultural biomass, municipal and industrial organic waste, and sewage sludge. It comprises a digester or fermentation tank, reception area, and gas holder to convert waste into sustainable energy and fertilizers. A biogas plant relies on an automatic technique that replicates the natural process of anaerobic digestion in an artificial environment to make production simple and carbon neutral. It prevents the release of methane (CH4) into the atmosphere during the manufacturing process. As a result, biogas plants are used to generate heat and electricity in various power factories while providing energy to electricity grids.
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Biogas Plant Market Trends and Drivers:
The rising awareness among the masses toward the harmful impact of air pollution and the depletion of fossil fuel resources are primarily driving the biogas plant market. Besides this, various technological innovations and advancements, such as dendro liquid energy (DLE) and BioBang, are further augmenting the market growth. Moreover, the launch of several policies by the government bodies to increase the production of biogas to reduce the carbon footprints and greenhouse gas emissions is also catalyzing the global market. Apart from this, the growing popularity of small-scale digesters in rural areas for cooking and heating purposes, owing to their lower investment and infrastructure, is acting as another significant growth-inducing factor. Additionally, the increasing need for renewable energy sources across the globe is also stimulating the market growth. Furthermore, the introduction of various techniques by the leading players to convert cellulose-containing industrial waste streams is expected to bolster the biogas plant market in the coming years.
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Biogas Plant Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AB Holding S.p.a., Agraferm GmbH, Air Liquide S.A., Ameresco Inc., BTS Biogas Srl/GmbH (Bioenergy Devco), Engie SA, EnviTec Biogas AG, Finn Biogas, IES BIOGAS S.r.l. (Snam SPA), NASKEO environnement, PlanET Biogas Group GmbH, Scandinavian Biogas Fuels International AB and Wärtsilä Oyj Abp.
The report has segmented the market on the basis of biogas plant type, feedstock, digestor type and application.
Breakup by Biogas Plant Type:
- Small-scale Digesters
- Medium-to-Large-scale Digesters
Breakup by Feedstock:
- Agricultural Waste
- Industrial Waste
- Sewage Sludge
- Others
Breakup by Digestor Type:
- Wet Anaerobic Digestion
- Dry Anaerobic Digestion
Breakup by Application:
- Electricity Generation
- Biofuel Generation
- Heat Generation
Breakup by Region:
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
- North America: (United States, Canada)
Key highlights of the report:
- Market Outlook (2017- 2022)
- Market Performance (2023-2028)
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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