2 weeks Ago By [email protected] (MENAFN)
NEW YORK, Dec. 2, 2024 /PRNewswire/ --Report on how AI is driving market transformation - The global biogas market size is estimated to grow by USD 19.51 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 6.01% during the forecast period. Increased generation of municipal solid waste is driving market growth, with a trend towards increased use of biogas as piped gas.
However, drawbacks associated with biogas production poses a challenge market players include AB Holding Spa, AEV energy GmbH, Agrinz Technologies GmbH, Air Liquide SA, Ameresco Inc., BDI BioEnergy International GmbH, EnviTec Biogas AG, Future Biogas Ltd., Hitachi Zosen Corp.
, PlanET Biogastechnik GmbH, Renergon International AG, Stormfisher Ltd., TotalEnergies SE, Wartsila Corp., and WELTEC BIOPOWER GmbH.
AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Application (Co-generation, Power generation, Heat in buildings, and Upgraded to biomethane), Source (Agricultural waste, Landfill, and Sewage sludge and others), and Geography (North America, APAC, Europe, Middle East and Africa, and South America) Region Covered North America, APAC, Europe, Middle East and Africa, and South America Key companies profiled AB Holding Spa, AEV Energy GmbH, Agrinz Technologies GmbH, Air Liquide SA, Ameresco Inc., BDI BioEnergy International GmbH, EnviTec Biogas AG, Future Biogas Ltd.
, Hitachi Zosen Corp., PlanET Biogastechnik GmbH, Renergon International AG, Stormfisher Ltd., TotalEnergies SE, Wartsila Corp.
, and WELTEC BIOPOWER GmbH Key Market Trends Fueling Growth Biogas is a natural byproduct of anaerobic digestion, derived from the bacterial fermentation of organic materials. This renewable energy source can be utilized to generate power and heat or refined for use as natural gas for vehicles. Known as bio-methanation, this application of biogas is increasingly adopted worldwide.
For instance, Dane County Landfill in Wisconsin produces 250 gallons of compressed natural gas (CNG) daily, powering its fleet of garbage trucks and reducing dependence on oil. By converting 22 diesel-fueled vehicles to CNG, the company aims to decrease greenhouse gas emissions by approximately 515 metric tons annually. This equates to the environmental impact of planting 13,202 trees, removing 109 cars from the road, and recycling 185 tons of waste.
Furthermore, biogas is gaining popularity as a piped gas for cooking and heating purposes due to its cost-effectiveness and similar characteristics to traditional gas. The environmental benefits of biogas make it an attractive alternative to conventional fossil fuels, contributing to the growth of the global biogas market. The Biogas market is experiencing significant growth due to various trends.
Agricultural support and manufacturing activity are driving demand for Biogas as a renewable energy source. Heat generation applications are also increasing, especially in light of climate change concerns. Biogas plants are producing Renewable Natural Gas (RNG) from feedstocks like agricultural waste, municipal bio-waste, and industrial food waste.
Financial aid for Biogas projects is available from public authorities and private sector investors, making land acquisition more accessible. Upgrading the biogas segment to Biomethane is a focus, reducing H2S and water contaminants. Municipal sources like MSW and landfills are key feedstocks, decreasing greenhouse emissions.
The refinery industry is exploring Biogas as a replacement for LPG. Rural communities are benefiting from small-scale biodigesters. Circular economy principles are being applied through Anaerobic Digestion, reducing carbon dioxide emissions and creating value from waste.
Humidity and remote monitoring systems are essential considerations for efficient plant operation. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This biogas market report extensively covers market segmentation by 1.1 Co-generation- The co-generation segment, also known as combined heat and power (CHP), is a significant part of the global biogas market.
Co-generation systems use biogas as fuel to produce both electricity and heat, which can be employed for various applications, including industrial processes, space heating, and cooling. These systems offer high energy efficiency, achieving up to 90% efficiency compared to 30%-40% for conventional electricity generation. This efficiency leads to substantial cost savings and environmental benefits.
Co-generation with biogas reduces greenhouse gas emissions by utilizing organic waste as a fuel source, generating electricity while capturing the heat produced during production. Co-generation systems are adaptable to various scales, making them suitable for both large and small-scale applications. Government policies, such as feed-in tariffs and renewable energy targets, are expected to fuel the growth of co-generation systems, driving the expansion of the global biogas market.
Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis Biogas is a renewable energy source produced through the anaerobic digestion of organic materials, such as municipal bio-waste, agricultural waste, and energy crops. The primary component of biogas is methane, which can be used as a substitute for Liquefied Petroleum Gas (LPG) in rural communities and as vehicle fuel or cooking gas. Biogas production contributes to the circular economy by transforming waste into a valuable resource, reducing greenhouse gas emissions and mitigating climate change.
Public authorities and private sector investors are increasingly recognizing the potential of biogas as a sustainable alternative to fossil fuels in the electric power sector. Upgraded biogas can be used to generate electricity, with surplus electricity sold back to the grid. Feedstocks for biogas production include various organic materials, such as plastics, agricultural waste, and food waste.
However, the process requires specific conditions, including appropriate humidity levels and temperature, to ensure efficient methane production. The biogas industry also produces carbon dioxide as a byproduct, which can be utilized for various applications, including enhanced oil recovery and as a feedstock for the production of food-grade carbon dioxide. The biogas market is expected to grow significantly in the coming years, driven by increasing demand for renewable energy and the need to reduce greenhouse gas emissions.
Financial aid and incentives from governments and international organizations are also supporting the expansion of the biogas industry. Market Research Overview Biogas is a renewable energy source produced through the anaerobic digestion of organic waste, such as agricultural waste, municipal bio-waste, and industrial effluents. The process results in the production of methane, which can be used as a fuel for heat and electricity generation, or upgraded into biomethane for use as vehicle fuel, cooking gas, and liquefied petroleum gas (LPG) replacement.
Rural communities, public authorities, and private sector investors are increasingly turning to biogas as a solution for waste treatment and green energy production. Biogas production reduces greenhouse gas emissions by decreasing the reliance on fossil fuels and combustion engines, which contribute to pollution and climate change. Anaerobic digestion occurs in a biodigester, where the organic waste is broken down by microorganisms in the absence of oxygen.
The process requires specific conditions, including the right temperature, humidity, and pH level. Remote monitoring systems are used to ensure optimal conditions and prevent contaminants, such as hydrogen sulfide and water, from affecting the biogas quality. Small-scale biodigesters are becoming increasingly popular, allowing for decentralized biogas production in rural areas and reducing the need for long-distance transportation of waste.
Connected Energy, a leading player in the biogas industry, provides financial aid, land, and feedstock for small-scale biogas projects, making it easier for communities to adopt this sustainable technology. The biogas industry is a key player in the circular economy, as it transforms waste into a valuable energy source. It also supports various sectors, including the electric power sector, manufacturing activity, and agriculture, by providing a sustainable alternative to fossil fuels and reducing greenhouse gas emissions.
However, biogas production also faces challenges, such as the need for environmental safety measures and the presence of contaminants in the feedstock. The upgraded biogas segment, which focuses on the production of high-quality biomethane, is gaining popularity due to its potential as a renewable natural gas and vehicle fuel. In conclusion, the biogas market offers a sustainable and renewable energy solution for various sectors, including heat generation applications, transportation, and electricity production.
It reduces greenhouse gas emissions, supports the circular economy, and provides financial, environmental, and geopolitical benefits. However, it also requires careful consideration of the specific conditions for biogas production and the challenges associated with feedstock contaminants and environmental safety. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company.
Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.
This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: SOURCE Technavio MENAFN02122024003732001241ID1108948185 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article.
If you have any complaints or copyright issues related to this article, kindly contact the provider above..
