The production of biogas plays vital role in creating sustainable society and reducing dependency over fossil fuels. Broad feedstock availability is defining the future prospects for the production of bio-gas. Globally, biogas has been accepted as one of the most upfront technology for green energy production. Rising need of biogas between industrial process, municipalities and farmers to meet the growing demand of energy is likely to strengthen the demand of biogas plants in coming future. One of the major drivers for the growth of biogas plants market has been the GHG (green house gases) mitigation. Substitute for fossil fuels and the reduction of carbon footprints are the major influence and the reimbursement for bio-energy and Bio gas plants.
Moreover, shrinking oil reserves coupled with uncertainty of crude oil prices is further expected drive growth of global bio-gas plants. Rising awareness among the people towards environmental issues and GHG emission is expected to have positive impact on the growth of biogas plant market. Government regulation and policies to support the growth of renewable energy generation is further accompaniment the growth of biogas plants. The Europe introduces new regionally obligatory target, calling for minimum 27% renewable energy in final year energy consumption by 2030. In Middle-East, biogas plant market is expected to expand across the region, with new projects taking place in Iraq, Jordan and UAE. However, high initial investment and lack of skilled labor forces expected to hinder the growth of biogas plant market in Middle East.
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Global Biogas Plant Market key Players are Air Liquide, Quadrogen, Ameresco Inc, Kohler & Ziegler, Prometheus Energy, Scandavian Biogas, Cryonorm BV, Beijing Sanyi Green Energy Development Co. Ltd., Biofuel USA Corporation
Market Size and Forecast
The global biogas plant market accounted for USD 26.4 billion in 2015 due to increase in recognition of biogas plants as environment-friendly alternative to fossil fuels and the functioning to reduce volume of disposed waste into landfills. Further, global biogas plant market is estimated to reach USD 49.7 billion by 2014 and anticipated to expand at a CAGR of 5.3% over the forecast period i.e. 2016-2024.
Geographically, Asia-Pacific dominates the global biogas plant market and accounted USD 12.3 billion in 2016. Asia region leads the world in using small-scale biogas plants or digesters to produce bio-methane gas for cooking and space heating. More than 4.3 million population of rural India and more than 100 million people of rural China have access to energy produced by bio gas plants. China is expected to dominate in Asia-Pacific biogas plant market, owing to support of financial funding to various projects. In 2017, Asia Development Bank has funded Waste to Energy Project (WTE) with collaboration of Dynagreen environmental protection group across China. Asia-Pacific region is closely followed by Europe with more than 30% market share in global biogas plant market. Germany remains the Europe’s largest producer of biogas and the bio-power production capacity of 7.1 Gigawatt (GW). Germany is the largest producer of biogas energy closely followed by France and Italy in the Europe Region.
Growth Drivers and Restraints
Rising need for green energy, depleting oil and fossil fuel resources and need for sustainable energy generation are the major factors sustaining the growth of global biogas plant market. Moreover, growing waste production and climate change also impel the growth of global biogas plant market. Modern biogas facilities are developing in regions with reliable and effective government support policies. The main element of successful government policies are assured access to the electricity and gas grid, monetary tariffs for electricity and biogas, education and training of labor force. Europe region is one of the amiable participants of global biogas plant market.
Numerous policies and efforts by the regional government bodies are the major key factors in the development of Europe biogas plant market. Major biogas producing nations in Europe are Germany, Italy, France and Switzerland. Eastern Europe nations such as Bulgaria, Romania and Latvia are expected to strengthen the growth of European Biogas market. Approximately more than 1.2 billion people live without electricity in majority regions of Asia-Pacific and Sub-Saharan Africa. Distributed renewable energy (DRE) plays an important role in providing electricity and other energy services to these populations. Biogas produced in biogas plants are majorly used in industrial and residential heating application. Biogas energy accounts for more than 10% of industrial heat consumption, which growing at about 1.3% annually from past 12 years. Major market players are adopting business strategies of merger and acquisition in order to sustain the market growth and to reinforce their market presence. However, high initial investments and difficulties in manure collection are some of the major factors restraining the growth of global biogas plant market. Entry level players are getting ease to enter into the market on the back of favorable government policies and support.
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Biogas Plant Market Segmentation by Geography
o North America (U.S., Canada)
o Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and ROAP)
o Europe (The UK, Germany, France, Italy, Spain, , Russia, Poland, Sweden, and ROE)
o Latin America (Brazil, Mexico and ROLA)
o Middle East and Africa (GCC, North-Africa, South Africa and ROMEA)
o Rest of the World
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