What Will Biogas Plant Market Look Like In The Future?

Biogas Plant Market Companies

The biogas plant market key players are Ameresco Inc., PlanET Biogas Global GmbH, Scandinavian Biogas, Biofrigas Sweden AB, Swedish Biogas International, EnviTec Biogas AG, Air Liquide, CH4 Biogas, Ameresco Inc., IES BIOGAS srl,  SP Renewable Energy Sources Pvt. Ltd., Wartsila, Beijing Sanyi Green Energy Development Co. Ltd., Biofuel USA Corporation, Quadrogen, and Agrinz Technologies GmbH.

Biogas is a mixture of gases produced by the fermentation of organic matter. The organic waste majorly animal manure is homogeneously mixed with water and fed into the fermenter.

In a fermenter, anaerobic respiration takes place in the absence of oxygen with the help of a series of bacteria groups, thereby forming the biogas mixture.

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Biogas majorly consists of methane and carbon dioxide. Biogas can be produced from raw materials such as agricultural waste, manure, municipal waste, plant material, sewage, green waste, or food waste.

The Asia-Pacific region garners the highest market share in the biogas market, due to increase in waste management initiatives and high availability of feedstock attributable to rise in agricultural activities in the region.

The market in Europe is expected to grow at a considerable rate, due to implementation of stringent regulations to control the emissions of hazardous gases and increase in usage of biogas in several industries as well as transportation.

COVID-19 scenario analysis

The outbreak of the novel coronavirus pandemic has affected the global biogas plant market to a substantial extent.

Owing to the nationwide lockdown, various industries are shut down or are lowering their production capacity. In addition, prohibitions on transport has significantly decreased the demand for biogas in the market.

Furthermore, the biogas plants are facing irregularities in their supply chains for their feedstock, due to the restrictions imposed on transportation, which several affects the production of the biogas plants across the globe.

Rise in concerns about environmental hazards and surge in awareness about the harmful effects of greenhouse gases emitted in the atmosphere due to the usage of conventional fuels has played a significant role in driving the growth of the biogas plant market.

Decrease in reserves of fossil fuels has led the growth of the demand for biogas among different industries.

Biogas has been proved to be an eco-friendly alternative to conventional fuel used for generation of heat in the industries.

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High demand has been witnessed for biogas in municipalities, among farmers, and in industries to meet the increasing energy requirements.

Surge in usage of biogas for transportation escalated the demand for the global biogas plant market.

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