The Biogas Plant Market is expected to remain reasonably positive over a forecast period from 2020 to 2025 with a CAGR of 7.3%. By 2025, the volume of this market is expected to reach 110,354, which means that more than 40,000 are expected to be easily disclosed during the forecast period.
The global biogas market size is valued at USD 56.1 billion in 2020 and is expected to grow at a CAGR of 7.3% during the forecast period. The market is driven by excessive greenhouse gas emissions and their destructive impact on the environment. Various government bodies around the world are investing heavily in the production of renewable energy sources to reduce carbon emissions and ensure a stable and secure energy supply.
The increasing demand for biogas among municipalities, farmers, and industrial processes to meet the growing demand for energy is expected to increase the need for biogas plants in the coming years. Also, the growth of the biogas plant market can also be attributed to greenhouse gas (GHG) mitigation. An alternative to fossil fuels and the reduction of the carbon footprint is the main influence and the return of biogas and bioenergy plants. In addition, the decline in oil reserves and the blurring of crude oil prices are expected to boost the growth of biogas plants around the world. Besides, the increasing vigilance of the population in the face of environmental problems and GHG emissions should have a positive influence on the expansion of the biogas plant market. The increasing use of biogas as a transportation fuel in a growing number of countries around the world, together with the institution of biogas-based power units, is expected to drive the growth of the power plant market of biogas.
Haryana Minister of Energy and New and Renewable Energy Ranjit Singh said an agreement had been signed with Indian Oil Corporation Limited for the establishment of compressed biogas (CBG) in the state for the removal of stubble.
India is seeing global funds and prioritizing loans for compressed biogas (CBG) projects, as the country seeks to reduce its crude imports and increase its use of cleaner fuels.
Biogas Plant Market Drivers & Restraints
In terms of volume, the market demand for organic biogas exceeded 25-kilo tons in 2015 and is expected to exceed 50-kilo tons in 2025, increasing by 7.2% over the forecast period. Increased awareness of the precarious effect of greenhouse gas (GHG) emissions on the environment is believed to contribute to the growing installation of biomass power plants around the world. The production of biofuels helps to eliminate the problem of landfills and landfills, which should have an optimistic impact on the demand for biogas. Increased demand for biogas among farmers and various industrialists and municipalities, a process to meet the growing demand for the use of biogas as fuel, is likely to increase the demand for biogas plants in the coming years. However, the growth of the biogas market is attributed to the mitigation of greenhouse gases. A decline in crude oil reserves coupled with crude oil price disruptions is expected to drive market growth. Furthermore, the ever-increasing population vigilance regarding the environment is expected to have an encouraging influence on the growth of the market.
The initial investment for the establishment of the plant is high. The cost of building a factory includes land, equipment, engineering, materials, and labor. Some countries provide financial assistance for the construction of these factories, but financial assistance is also needed for the development and expansion of the factory. The process of purchasing and storing raw materials is time-consuming and expensive. Financial support and regulations are needed for the collection, classification, treatment, and supply and distribution of raw materials, construction, and operation of gas plants. The performance may or may not be sufficient and consistent to cover installation and operating costs.
This research report includes the segmentation of the Biogas Plant Market until 2025.
By Application, it is segmented into power generation, biofuel production, heat production, residential kitchen, and transportation. Electricity generation dominates the use of biogas plants, as electricity produced from other fossil fuels produces various environmental emissions, including natural gas, whose prices also vary and affect energy prices
By Biogas Plant Type, the global biogas plant market is separated into dry fermentation plants, industrial digesters, and small-scale digesters.
By Feedstock, the market can be segmented into agricultural waste, energy crops, industrial waste, and sewage sludge. Energy crops and sewage sludge are the main raw materials used in the global biogas plant business, as the energy derived from the anaerobic digestion of these raw materials increases the methane content of the biogas to more than 60%.
By Region, Europe was the prominent region in this business, registering more than 7,500 MW of installed capacity in 2015. Germany, Italy, and Switzerland were the main contributors. Rising environmental concerns, along with strict government regulations on air pollution and waste management, were some of the crucial elements promoting growth in this locale.
Industrialization growth accompanied by an increasing trend of renewable energy use in India and China is expected to drive the organic biogas plants market in Asia-Pacific during the outlook period. US organic biogas market is supposed to experience significant growth due to strict regulations related to greenhouse gas emissions.
Asia-Pacific dominated the global market for biogas plants in terms of volume of production and consumption of biogas plants in 2018. The biogas market in this region is expected to grow at a CAGR of 7.3% from 2020 to 2025. As in developed economies, the market for biogas plants in the APAC region has also been driven by agricultural residues and residues from food and beverage treatment, and sewage sludge as the main raw material. The pace of investments is also increasing considerably in this region for waste management processes. These factors, along with the increasing pressure created by energy imports, have forced several APAC countries to focus on alternatives to fossil fuels, including increasing biogas production.
Some of the key players in the worldwide biogas plant market consist of Ameresco, Inc., PlanET Biogas Global GmbH, Scandinavian Biogas, Biofrigas Sweden AB, Swedish Biogas International, EnviTec Biogas AG, Air Liquide, and Wärtsilä. Other major players in the market include SP Renewable Energy Sources Pvt. Ltd., Quadrogen, etc.
Impact of Covid-19 on Biogas Plant market:
The Covid-19 pandemic has resulted in restrictions on travel, work, and industry, which are expected to reduce billions of barrels of oil and trillions of cubic meters of gas from the global energy system by 2020. Due to this pandemic, Bioenergy projects face major problems globally. The unavailability of raw materials, components, and technical support had a significant impact on the development of the project, causing delays. Recently, in March 2020, construction of the Tees Renewable Power Plant, a 299 MW biomass power plant in the UK, was suspended due to the COVID-19 pandemic.
Biogas Plant Market
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Biogas Plant Market By Region, From 2020-2025 ( USD Billion )
Global Biogas Plant Market By Type, From 2020-2025 ( USD Billion )
Global Dry Fermentation Plants Market By Region, From 2020-2025 ( USD Billion )
Global Industrial Digesters Market By Region, From 2020-2025 ( USD Billion )
Global Small-Scale Digesters Market By Region, From 2020-2025 ( USD Billion )
Global Biogas Plant Market By Application, From 2020-2025 ( USD Billion )
Global Power Generation Market By Region, From 2020-2025 ( USD Billion )
Global Biofuel Production Market By Region, From 2020-2025 ( USD Billion )
Global Heat Production Market By Region, From 2020-2025 ( USD Billion )
Global Residential Kitchen Market By Region, From 2020-2025 ( USD Billion )
Global Transportation Market By Region, From 2020-2025 ( USD Billion )
Global Biogas Plant Market By Feedstock, From 2020-2025 ( USD Billion )
Global Agricultural Waste Market By Region, From 2020-2025 ( USD Billion )
Global Energy Crops Market By Region, From 2020-2025 ( USD Billion )
Global Industrial Waste Market By Region, From 2020-2025 ( USD Billion )
Global Sewage Sludge Market By Region, From 2020-2025 ( USD Billion )