Biogas Market with Future Prospects, Key Player SWOT Analysis and Forecast to 2024

Logo

Seattle, WA -- (SBWire) -- 11/06/2019 --Biogas is a category of biofuel that is produced when organic matter breaks down primarily in an anaerobic environment. Lack of oxygen decomposes animal manure, sewage wastes, food scraps, and other materials to release a mixture of gases, primarily methane along with carbon dioxide.

Biogas primarily consists of methane, carbon dioxide (CO2), and small amounts of hydrogen sulfide (H2S). It is produced from materials such as agricultural waste, manure, municipal waste, and food waste. Biogas is generated at landfill sites and in sewage plants. The most common method of using biogas for energy production is by converting it into heat and electricity in combined heat and power plants.

Get more info about "Global Biogas Market Report" by requesting Sample Copy HERE: https://www.worldwidemarketreports.com/sample/38570

Biogas can be formed mainly through two sources energy crops and organic residue & wastes. Organic and renewable materials are environmentally beneficial and cost-effective source to generate electricity, heat, and biogas efficiently. Digestion of various crops including grass, leaves, maize, wheat, barley, and other crop residues are being used as feedstocks for biogas production.

Market Dynamics

Increasing focus of governments worldwide to reduce greenhouse gas emission and identify alternative and clean sources of energy is expected to drive growth of the global biogas market. Furthermore, growing energy security concerns, owing to depletion of conventional energy resources is further expected to upsurge the demand for biogas over the forecast period.

Rising electricity prices and growing consumer awareness toward climate change are few of the key factors fueling the deployment of 500 kW – 3 MW biogas plants. Adoption of RE technologies to support several ancillary processes along with intensifying regulations to minimize our carbon footprint will stimulate technology adoption. Furthermore, burgeoning energy demand across key energy intensive sectors including refining, food processing and oil & gas will enhance the industry outlook.

Key Growth Factor

Sewage sludge biogas market is set to grow on account of increasing focus toward the treatment of the residual sludge from sewage treatment facilities along with growing environmental concerns pertaining to ineffective sludge disposal practices. In addition, shifting trends toward the creation of additional revenue steam by onsite energy production or sale of electricity to the local grid will further enhance technology adoption over the forecast timeline.

Key Players

Key players operating in the global biogas market include, EnviTech Biogas AG, Scandinavian Biogas Fuels International AB, Air Liquide Advanced Business and Technologies, Himark Biogas, Vanzetti Engineering, Greenlane Biogas, MT-Energie GmbH, DMT Environmental Technology, and others.

Regional Analysis:

Asia Pacific biogas market will witness robust growth on account of shifting trends toward the adoption of renewable energy sources and increasing demand for electricity. Limited access to electricity and installation of grid infrastructure will fuel the installation of biogas systems over the forecast timeframe. Furthermore, availability of cheap feedstock coupled with intensifying emission regulations will drive the industry growth.

Want to make an inquiry before purchasing this report and also want a discount? Click HERE: https://www.worldwidemarketreports.com/quiry/38570

About WMR
Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends.

Contact Us:
Mr. Shah
Worldwide Market Reports
1001 4th Ave,
#3200
Seattle, WA 98154,
U.S
Tel: +1 415 871 0703
Email:sales@worldwidemarketreports.com

Media Relations Contact

Raj Shah
CEO
Worldwide Market Reports
1-415-871-0703
https://www.worldwidemarketreports.com/sample/38570

View this press release online at: http://rwire.com/1264263