23 Apr 2015 08:04:09
Biogas Market Trends, Growth Prospects To 2020: Grand View Research, Inc.
Global biogas market is anticipated to witness growth on account of widespread replacement of various conventional energy sources with renewable energy sources. Supporting government initiatives coupled with growing environment concerns particularly in developed regions including North America and Europe is likely to augment biogas demand over the next seven years. Increasing application scope of biogas in the transportation sector is anticipated to positively influence its market particularly in emerging economies including China and India. Biogas is widely used in gas engines to convert energy produced into heat and electricity. Growing biogas demand among municipalities, farmers and industrial processors in order to meet the fast growing energy requirement is likely to propel biogas market over the projected period.
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Additionally, volatility in crude oil prices coupled with depleting fossil fuels and supply issues is further anticipated to drive biogas demand. Europe has been dominating the biogas market over the past few years and trend is expected to continue over the forecast period. This is due to development of new technologies and favorable feed-in tariffs. Countries including Poland and Czech Republic account for major share of the biogas market in terms of revenue and volume. Growing importance toward lowering carbon footprint is likely to have a positive impact on the biogas market in Europe. Furthermore, U.S. has the largest untapped potential for growth over the next seven years as a smart solution to sanitation as it is produced from rotten food and waste water. Additionally, prevalence of stringent environmental regulations in U.S. regarding emission of greenhouse gases from conventional fuels is anticipated to boost biogas demand over the next seven years. However, high costs associated with installation of biogas plants are likely to challenge market growth.
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Key players are involved in strategic alliances through technology sharing agreements and M&A in order to increase global presence and market share. Major companies in the biogas market include Xebec Adsorption, Malmberg Water, Van Der Wiel Stortgas, Air Liquide, Carbotech, Cirmac, Ros Roca Envirotec, MT Energie, Acrona Systems, Kohler & Ziegler, Guild Associates Dreyer & Bosse Kraftwerke GmbH, DMT Environmental Technology, Greenlane Biogas, Prometheus Energy and DGE GmbH. In January 2015, Greenlane Biogas received a USD 2.3 million contract from Chinese based Longneng Weiye Environment Technology for the purchase of two ‘Rimu’ biogas upgrading systems. These two units were installed in Tonghe and Shangzhi counties where dry and wet anaerobic digesters are to generate biogas from agricultural feedstock.
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