Biogas Market with Current Trends Analysis,2016-2026
Biogas is a blend of various gases formed by breaking down the organic substances in the absence of oxygen. Wastes from agricultural utilities, municipalities, plants and industries, sewage or edible wastes work as the raw materials for biogas production. Exerting little carbon footprint, Biogas is a renewable energy source, use of which is good for the environment.
Biogas can be produced by the following methods:
By Anaerobic digestion (digesting substances or raw materials inside a closed system)
By fermenting biodegradable materials.
Biogas is mainly composed of methane and carbon dioxide gases. Minor amounts of hydrogen sulphide, water vapours and silicone compounds may also be found in the mixture. The gases present in biogas can be burnt in the presence of oxygen, which releases energy. The energy thus released can be used for various purposes such as cooking food, generating electricity, heating and also in transportation.
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The global shift in the use of energy from conventional resources to unconventional or renewable energy resources is expected to be the main factor driving the global biogas market. Various governmental and environmental regulations and legislations in the favour of biogas are also playing a governing role in the global biogas market. Owing to these factors, the global biogas market is expected to grow significantly over the forecast period of 2016-2026.
Drivers and Restraints:
Increasing prices of conventional energy resources such as crude oil etc. over the years, have helped to stimulate the global interest in biogas as an alternative energy resource. With harmonization of good production technologies and backed by various regulations and legislations, the global biogas market is expected to grow significantly over the coming years.
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Use of biogas not only reduce the emission of harmful gases but also works as an alternative source of energy, giving a hope as a regular and potent energy source for future. Thus use of biogas is not only helping by creating electricity but also helping to reduce the global climate change. Processes to produce biogas on commercial scale with high efficiency are continuously being developed with significant research and development through various governmental and industrial organizations.
Owing to rising environmental concerns and use as a significant substitute for energy, the demand of biogas is projected to rise up at an unprecedented rate over the forecast period of 2016-2026.
Market Segmentation:
The global biogas market is segmented on the basis of applications and end-users. Based on their applications, the global biogas market is classified in following categories:
Heat and electricity generation
Vehicle fuel
Feed for natural gas grid
Others
On the basis of end-users, biogas market is segmented in the following categories:
Farmers
Municipalities
Industries
Others
Regional Outlook:
On geographical scale, the global biogas market is segmented into seven key regions, namely North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, Asia Pacific and Japan. North America and Europe are the most significant regions in the global biogas market. New production technologies and legislations are expected to push the demand and need for biogas worldwide over the forecast period.
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Market Players
Global biogas market is emerging with significant growth rate globally. Some of the major players functioning in global biogas market are Air Liquide Advanced Business & Technologies, Vanzetti Engineering S.r.l., EnviTec Biogas AG, Wärtsilä Corporation, Swedish Biogas International AB, Gasrec Ltd., Cryostar SAS, Biofrigas Sweden AB, Scandinavian Biogas Fuels International AB, and Cryonorm BV.