Sellbyville, DE -- (SBWIRE) -- 01/23/2019 -- The popularity of biogas as a renewable energy source has exponentially soared in the last few years, massively impacting Europe biogas market. Unlike fossil fuels like oil and coal, biogas does not add to the greenhouse effect, a factor that has encouraged the European Union to undertake favorable measures for promoting the utilization of this eco-friendly fuel, providing a further stimulus to Europe Biogas Market. Many European countries have been relentlessly striving to curb greenhouse gas emissions in order to maintain environmental safety – for instance, Germany is planning to cut down its emissions by 40% by 2020 and close to 95% by 2050, under its Climate Action Program. In the UK, Resourceful Earth Limited has made efforts to convert food waste into power through anaerobic digestion and provide energy for the town of Keynsham. These actions point in the direction of the rising awareness about the usefulness of renewable energy sources that would subsequently impact the growth of Europe biogas market, the size of which is estimated to be valued at USD 2 billion by 2024.

Among the different processes of converting biomass to energy, anaerobic digestion is one of the most convenient and eco-friendly means of conversion that has been widely adopted by the European consumers, owing to which anaerobic digestion-based Europe biogas market has gained quite a momentum in recent times. Landfill gas, which was previously vented out in the atmosphere, is now being increasingly captured in the form of biogas, owing to its composition – the gas comprises 45% methane and is captured through anaerobic digestion of waste at landfill sites. This advantageous recycling of waste material has added a new dimension to the waste management domain. In response, a favorable legal framework is being set in place to further harness waste management that would give a suitable boost to the overall Europe biogas industry.

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Europe biogas market has been forecast to gain substantial momentum from the deployment of biogas in agriculture. As per estimates, Europe biogas industry size from agriculture is set to grow by 7% in the forecast period owing to the favorable government initiatives to promote biogas usage in producing crops. Feedstock material is rather convenient for the production of biogas – thus, farms can produce their own biogas from the waste produced every day from farming activities. Denmark for instance, has very efficiently made use of this technique, owing to which the country accounted for 1% of the entire Europe biogas market share in 2016. The Danish government has realized the potential of biogas in decreasing emission and is aiming at increasing its renewable energy base by 35% by 2020, an action which will propel the overall Europe biogas industry as well over 2017-2024.

Government initiatives and widespread enactment of stringent environmental laws to subdue the greenhouse gas emissions will drive the Europe biogas market size. Adoption of these systems has significantly escalated across the region owing to the rapid integration of renewable sources as a substitute for fossil fuels. The EU 2020 strategy aims at 20% increase in energy efficiency and renewable adoption, with simultaneous decrease in emissions when compared to 1990 levels.

Denmark in 2016, accounted for over 1% of Europe biogas market share. Availability of a variety of feedstock materials across the nation favor the deployment of these systems. High operational performance, affordable price and low emission rate make its adoption preferable over other available alternatives The Danish government aims to achieve renewable based energy supply of 35% by 2020 and further cease dependency on fossil fuels by 2050.

Ongoing regulatory reforms to encourage the adoption of bioenergy along with rapid industrialization will propel the anaerobic digestion market share. Carbon tax, direct subsidies, tax rebates, feed in tariff, financial assistance and renewable portfolio standards are some of the incentives which will boost the product penetration over the forecast timeframe. In 2013, Government of France introduced feed-in-tariff including a rebate worth 0.14 to 0.25 USD/kWhe for AD plants and 1.03 to 0.17 USD/kWhe for landfills.

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Key participants in Europe biogas market includes EnviTech, Schmack, IES Biogas, Agrinz Technologies, Agraferm Technologies AG, BDI- Bioenergy International, CH4 Biogas, Weltec, BTS-biogas, Scandinavian Biogas Fuels International, Krieg & Fischer Ingenieure, Zorg Biogas, AgriCapital, Gasum, PlanET Biogastechnik, Biogas System.