About Biogas-
Biogas is a renewable energy source produced by the breakdown of organic matter, such as food scraps, animal waste, and sewage, in an oxygen-free environment (anaerobic digestion). This process is driven by microorganisms, called methanogens, which break down the organic matter and release biogas as a byproduct. Biogas is a mixture of gases, primarily methane (CH4) and carbon dioxide (CO2), with smaller amounts of hydrogen sulfide (H2S), moisture, and siloxanes. Biogas is a sustainable and environmentally friendly energy source because it is derived from organic waste that would otherwise decompose in landfills and release methane into the atmosphere. Methane is a potent greenhouse gas, so capturing and using it as an energy source helps to reduce greenhouse gas emissions. The biogas market is expected to see positive growth in the coming years, driven by its potential to contribute to a sustainable and renewable energy future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Biogas- market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
EnviTec Biogas AG (Germany), Wärtsilä (Finland), EverGreen (United States), VARO Energy (Switzerland), WELTEC BIOPOWER GMBH (Germany), Air Liquide (France), Future Biogas Limited (United Kingdom), PlanET Biogas Group (United States), BIOKRAFT INTERNATIONAL AB (Sweden) and Biofrigas Sweden AB (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ameresco (United States), Quantum Green Corporation LLC (Headquarter), HIVE ENERGY (United Kingdom), AB HOLDING SPA (Italy), StormFisher (Canada) and BIGADAN A/S (Denmark).
Segmentation Overview
AMA Research has segmented the market of Global Biogas- market by , Application (Electricity Generation, Vehicle Fuel, Heat Production, Natural Gas and Others) and Region.
On the basis of geography, the market of Biogas- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Plant Size, the sub-segment i.e. Small Scale will boost the Biogas- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Feedstock, the sub-segment i.e. Agriculture Residues will boost the Biogas- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Biomethane
Market Growth Drivers:
Increasing Demand for Renewable Energy and Growing Awareness of the Benefits of Biogas
Challenges:
Limited Feedstock Availability
Restraints:
High Initial Investment
Opportunities:
Development of New and Innovative Technologies, Expansion into New Markets and Increased Government Spending on Biogas
Market Leaders and their expansionary development strategies
In June 2023, Varo Energy has acquired biogas supplier Renewable Energy Services (RES), its second deal this year in a sector which is expected to grow rapidly as economies seek to reduce carbon emissions. This acquisition strengthens Varo's position in the European biogas market.
In July 2022, Air Liquide launched its biomethane activity in China a multi-faceted initiative that aims to expand the company's renewable energy offerings, support Chinese sustainability goals, promote a circular economy model, and capture a share of the expanding Chinese biomethane market.
Key Target Audience
Government Bodies, Research Center, Potential Investors, New Entrants and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.