Global Biogas Plant Market: 86,964 Biogas Plants to be Operational by 2022, Says TMR
Clean Technology - The global biogas plant market is expected to be driven over the coming years, by an incrementally strengthening support shown by government and private bodies to biogas plant owners in terms of financial incentives and the favorable nature of regulations being set up.
The market is also being driven by sheer positive air surrounding the establishment of successful biogas plants in terms of reducing the volume of disposed waste into landfills and thus becoming a strong eco-friendly alternative fuel source. However, the current rate of growth is being stifled by the lack of implementation of processes and equipment to create a feasible waste segregation system. This is restricting the overall supply of feedstock to biogas plants, deterring several new entrants from emerging into the competitive landscape.
The global biogas plant market is expected to weigh in at 59,697 total biogas plants by the end of 2016. The market is expected to remain reasonably positive within a forecast period from 2016 to 2024 with a CAGR of 6.5%. By the end of 2024, this market’s volume is expected to reach 86,964 biogas plants, which means that over 30,000 are easily expected to be unveiled within the forecast period.
F&B and Agriculture Stay Strong Feedstock Providers to Biogas Plants
The global biogas plant market is segmented on the basis of feedstock, into agricultural waste, energy crops, sewage sludge, industrial waste, food and beverages processing residue, and food and beverages waste. Agricultural waste includes the organic waste matter generated in the agricultural industry. At the same time, there is also a growing scope of using energy crops; herbaceous plants that are grown specifically for producing bioenergy. Sewage sludge is the semi-solid residue in a wastewater treatment process. Waste and effluents generated from the leather industry, biofuels industry, and a few others can also be utilized as feedstock in biogas plants.
Food and beverages and agricultural waste dominated the global biogas plant market in 2015. Biogas plants need a regular supply of high-yield feedstock to generate sufficient volumes of biogas to make their operations profitable. The above two feedstock sources have so far provided consistent and large volumes of feedstock to the global biogas plant market, making them much more preferred than any other feedstock source.
The key players in the global biogas plant market are present across all parts of the value chain. Some of the players that have led the global biogas plant market till 2015, include Wärtsilä, Air Liquide, EnviTec Biogas AG, Scandinavian Biogas, Swedish Biogas International, Ameresco, Inc., Agrinz Technologies GmbH, PlanET Biogas Global GmbH, SP Renewable Energy Sources Pvt. Ltd., Beijing Sanyi Green Energy Development Co., Ltd., Quadrogen, IES BIOGAS srl., Biofuel USA Corporation, CH4 Biogas, and Biofrigas Sweden AB.