Biogas Market to Reach USD 31.69 Billion by 2027; Growing Cognizance of Resourceful Methane Gas to Augment Growth, sates Fortune Business Insights™

Key Companies Covered in Biogas Market Research Report are Future Biogas Limited , Air Liquide , PlanET Biogas Global GmbH , WELTEC BIOPOWER GmbH , Scandinavian Biogas Fuels International AB , EnviTec Biogas AG , Ameresco , Quantum Green , AB HOLDING SPA , RENERGON International AG , StormFisher

Pune, Sept. 29, 2020 (GLOBE NEWSWIRE) -- The global biogas market size is expected to reach USD 31.69 billion by 2027, exhibiting a CAGR of 5.30% during the forecast period. The rising environmental safety concerns are expected to propel the healthy growth of the market, states Fortune Business Insights, in a report, titled “Biogas Market Size, Share & COVID-19 Impact Analysis, By Feedstock (Organic Residue & Wastes {Biowaste, Municipal & Sewage, Agricultural Waste, and Others}, and Energy Crops), By Application (Power Generation, Heating, Combined Heat and Power, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 25.50 billion in 2019.

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The report on the biogas market contains:

  • Future insights into the market
  • In-depth study of the regions
  • Product and brand strategies
  • Factors enabling market growth
  • Competitive landscape
  • COVID-19 impact

Market Driver:

Heavy Demand for Purified Biomethane Version to Bolster Growth

The growing inclination towards biogas with an aim to reduce dependence on oil and maintain sustainability can have an excellent effect on the market. The growing knowledge about the high-energy methane gas, which is an upgraded version of biogas will spur opportunities for the market during the forecast period. For instance, Purified biomethane has similar properties as natural gas and also acts as a highly efficient and environmental-friendly fuel for natural gas cars, or natural gas grid. According to the International Renewable Energy Agency (IRENA), biogas as vehicle fuel can reduce greenhouse gas emissions by about 60% to 80% compared to fossil-based fuels. Also, the shift from conventional fossil fuel to biogas owing to the rising global and environmental problems will bode well for the market.

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Unavailability of Raw Materials to Retard Development During COVID-19

There is a halt on bioenergy projects owing to the restrictions imposed on travel, work, industrial operations, and logistics & transportation. Moreover, the unavailability of raw materials, components, and technical support has adversely impacted the market. In March 2020, construction on the Tees Renewable Energy Plant (Tees REP), a 299 MW biomass power plant in the U.K., was suspended due to the COVID-19 pandemic. The social distancing protocols formed by the governments has resulted in the fewer workforce, thus diminishing the production and operations during the pandemic.

Regional Analysis:

Implementation of Stringent Policies to Aid Expansion in Asia Pacific

The market in Asia Pacific is predicted to witness a significant growth rate during the forecast period. The implementation of strict regulations to curb carbon footprint by the government in economies such as China and India will enable speedy expansion of the market in the region. According to the Indian ministry, the country generated approximately 1.45 lakh metric tonnes waste per day, only 53 percent of waste was processed under the Swachh Bharat Mission (SBM), a flagship program of the Prime Minister. The growing emphasis on managing and treating solid waste will have a positive effect on the market in India.

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Key Industry Development:

October 2019: Mazoon Dairy Company (MDC) inaugurated a biogas plant in Oman. The biogas plant is part of MDC’s strategy to utilize waste to generate energy and efficiently support waste management.

List of the leading companies profiled in the biogas market:

  • Future Biogas Limited (U.K)
  • Air Liquide (France)
  • PlanET Biogas Global GmbH (Germany)
  • WELTEC BIOPOWER GmbH (Germany)
  • Scandinavian Biogas Fuels International AB (Sweden)
  • EnviTec Biogas AG (Germany)
  • Ameresco (U.S.)
  • Quantum Green (India)
  • AB HOLDING SPA (Italy)
  • RENERGON International AG (Switzerland)
  • StormFisher (Canada)

Quick Buy – Biogas Market Research Report:

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Latest Technological Advancement
    • Regulatory Landscape
    • Porters Five Forces Analysis
  • Qualitative Analysis – Impact of COVID-19
    • Impact of COVID-19 on the Biogas Market
    • Steps Taken by the Government to Overcome the Impact
    • Key Developments in the Industry in Response to COVID-19
    • Potential Opportunities and Challenges due to COVID-19 Outbreak
  • Global Biogas Market Analysis (USD Billion) (Million Cubic Meter), Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Feedstock
      • Organic Residue & Wastes
        • Biowaste, Municipal, Sewage
        • Agricultural Waste
        • Others
      • Energy Crops
    • Market Analysis, Insights and Forecast – By Application
      • Electricity Generation
      • Heating
      • Combine Heat & Power
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • Latin America


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