Summary
The global Biogas Technology Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Biogas is an excellent source of fuel. This is because biogas can be made easily in a laboratory with little effort on your part (and often free at your local dumpster outlet). Biogas is usually produced by organic matter breaking down at a fast rate; the decomposition process releases the gases in very small quantities, which is why biogas is also known as biogasification. The global biogas technology market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Market Drivers
Growing shift towards renewable sources of energy & effective waste management is expected to drive growth of the global biogas technology market during the forecast period. According to the Our World in Data, in 2019, around 11% of global primary energy was generated from renewable technologies. Many countries are putting a lot of efforts to shift from conventional energy sources to renewable ones. Biogas is one of the most prominent renewable energy sources, which has less emission of greenhouse gases and can be made from organic waste from households. Hence, such factors are expected to drive growth of the global biogas technology market during the forecast period. Furthermore, increasing trends toward the circular economy are expected to propel the global biogas technology market growth over the forecast period.
Market Restraint
High capital investment is expected to restrain growth of the global biogas technology market during the forecast period.
Regional Insights
Among regions, Europe is expected to witness significant growth in the global biogas technology market during the forecast period. This is owing to growing investment by European countries in renewable energy sources. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to high rate of farming in emerging economies Indonesia, India, and Thailand.
Competitive Section
Key companies operating in the global biogas technology market are 2G Energy AG, CCI Bioenergy, Asia Biogas Co. Ltd., AcrEnergy, AB Energy SpA, Hitachi Zosen INOVA AG, MannTek AB, Bright Biomethane, Renecon Energy, and Pyreg GmbH.
For instance, in February 2019, Hitachi Zosen INOVA AG acquired Jönköping’s biogas plant, which paves the way for the installation of a New Kompogas Plant.
The Biogas Technology Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Biogas Technology Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- 2G Energy AG
- AAT Biogas Technology
- AB Energy SpA
- AcrEnergy
- Agraferm GmbH
- Asia Biogas Co. Ltd.
- Ambient Energy LLC
- Bright Biomethane
- CCI Bioenergy
- Chinese Academy of Agricultural Mechanization Sciences
- Eggersmann Gruppe GmbH&Co.KG
- Eliopig S.r.l.
- Entec Biogas Gmbh
- Fraunhofer UMSICHT
- Hitachi Zosen INOVA AG
- MannTek AB
- New Eco-tec Verfahrenstechnik
- Stream BioEnergy
- Renecon Energy
- Pyreg GmbH
By the Product Type, the market is primarily segmented into:
- Agricultural Waste
- Energy Crops
- Sewage Sludge
- Industrial Waste
- Food & Beverages Processing Residue
- Food & Beverages Waste
By Applications, the market is segmented into:
- Electricity Generation
- Biofuels
- Heat
- Others
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Biogas Technology Market Report:
- To assess the size of the market by value and volume
- Analyze the Biogas Technology Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Biogas Technology Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Biogas Technology Market
The Biogas Technology Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Biogas Technology Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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