Global Biogas Market (2022 to 2027) – Growth, Trends, Impact of COVID-19 and Forecast – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Biogas Market – Growth, Trends, Impact of COVID-19, and Forecast (2022-2027)” report has been added to from ResearchAndMarkets.com offer.
The biogas market is expected to register a CAGR of over 4.5% during the forecast period 2022-2027. The COVID-19 outbreak in the first quarter of 2020 adversely affected the global biogas market. For example, due to the COVID-19 outbreak in 2020, much of the preparatory work was halted for the Mount Everest biogas project in Nepal.
Moreover, due to COVID-19, India is likely to miss its production of 15 million biogas by 2023. The biogas market is mainly driven by the growing demand for electricity and the growing focus on fuels alternatives to obtain a form of energy and imperishable security. However, a lack of awareness and understanding of biogas as an energy source among the general public is likely to hamper the growth of the market.
EnviTec Biogas SA
Weltec Biopower GmbH
Schmach Biogas GmbH
AEV Energy Gmbh
AAT biogas technology
Main market trends
Electricity generation will experience significant growth
Generating electricity from biogas has become a major trend in many countries such as Germany, China and India. The traditional conversion of biogas to produce electricity through a generator is mainly the most active technology; however, electricity can also be produced from biogas using a fuel cell.
The installed capacity of biogas power in the world reached about 20.1 gigawatts in 2020. With the introduction of new technologies and innovation in the development of fuel cells, the installed capacity is expected to increase continuously.
There are several upcoming projects, the commissioning of which is expected to positively support the market during the forecast period. According to Biogas World, there are nearly 2,691 biogas projects worldwide, including more than 30 projects that are in various stages of development. Some of the major upcoming projects are the Hodzo biogas plant and the LA Sanitation biogas plant.
Thus, such development work is expected to support the growing demand for electricity across the world during the study period.
Europe will dominate the market
With a peak biogas production of 167 TWh in 2020, Europe had dominated the biogas market.
In 2020, the region had around 19,000 power plants, with an approximate installed capacity of around 13.8 GW. Germany is the dominant country, with the highest number of biogas installations, followed by Italy, France, Switzerland and the United Kingdom.
The region cumulatively generated around 63,380 GWh of electricity in 2019, according to the latest report released by the International Renewable Energy Agency (IRENA), with Germany being the largest producer. Additionally, Italy, UK, Czech Republic, France and Poland are other biogas power producers in the region.
In addition, in Europe, different levels of government offer funding for biogas or have policies in place to support the industry. With government support and policies, the market is expected to grow over the forecast period. For example: in March 2020, the European Commission approved under EU state aid rules an Italian scheme to support the production and distribution of advanced biofuels, including biomethane advanced.
Therefore, with existing infrastructure and government support programs, the region is likely to dominate the market during the study period.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.2 Installed biogas production capacity and forecast in GW, up to 2027
4.3 Trends and recent developments
4.4 Government policies and regulations
4.5 Market Dynamics
4.6 Supply Chain Analysis
4.7 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1.1 Electricity production
5.1.2 Production of biofuels
5.1.3 Heat generation
5.2 Raw material
5.2.1 Livestock manure
5.2.3 Food waste
5.2.4 Crop residues
5.2.5 Energy crops
5.3.1 North America
5.3.4 South America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and acquisitions, joint ventures, collaborations and agreements
6.2 Strategies Adopted by Key Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/3bpo23