New York, NY -- (SBWire) -- 04/12/2019 --The Biogas Power Plant Market is expected to grow from USD 12.24 Billion in 2018 to USD 24.40 Billion by 2026, at a CAGR of 5.6%. The market is expected to be driven by an increasingly enhanced support shown by government and private bodies to the owners of biogas plants in terms of financial incentives and the favorable nature of regulations being established.
The market is also driven by purely positive air surrounding the establishment of successful biogas plants in terms of reducing the volume of waste disposed into landfills and thus becoming a strong alternative fuel source that is environmentally friendly.
The major players covered in this Biogas Power Plants market report are Agrinz Technologies GmbH (Austria), Scandinavian Biogas (Sweden), Beijing Sanyi Green Energy Development (China), Biofrigas Sweden AB (Sweden), IES BIOGAS (Italy), PlanET Biogas Global GmbH (Germany), CEZ Group (Czech Republic), Hangzhou Environmental Group (China), Wartsila (Finland), EnviTec Biogas AG (Germany) and others
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However, lack of implementation of processes and equipment to create a feasible waste segregation system is stifling the current rate of growth. This restricts the overall supply of feedstock to biogas plants, preventing the emergence of several new entrants into the competitive landscape.
Knowing the trends influencing the Biogas Power Plants industry performance
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Market split by Type, can be divided into:
- Livestock Farms
- Industry Wastewater
- Municipal Sewage
Market split by End-Users, can be divided into:
- Household Electricity
- Commercial Electricity
Market split by Distribution, can be divided into:
- Direct
- Indirect
Geographically, this Biogas Power Plants market report studies the top producers and consumers in these key regions:
- North America
- Europe
- China
- Japan
- Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)
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North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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Further key findings from the report suggest:
- The Biogas Power Plant Market is expected to grow from USD 12.24 Billion in 2018 to USD 24.40 Billion by 2026, at a CAGR of 5.6%. The market is expected to be driven by an increasingly enhanced support shown by government and private bodies to the owners of biogas plants in terms of financial incentives and the favorable nature of regulations being established.
- On the basis of type, the livestock farms market is expected to hold the largest market and is estimated to reach USD 8.74 Billion in 2026, at a CAGR of 5.9% during the forecast period. This is mainly due to the support from the Ministry of Agriculture and the increasing demand of farm lands to install biogas power plant in Europe and Asia Pacific.
- On the basis of end-users, the commercial electricity segment is expected to hold the largest market and is estimated to reach USD 13.32 Billion in 2026, at a CAGR of 15.6% share during the forecast period. The wastage from the biogas plant is used as organic manure / fertilizer directly or after drying to improve soil fertility and reduce the use of chemical fertilizers. It is also non - polluting as it is free of weeds, foul smell and pathogens.
- Based on distribution, the indirect channel is expected to hold a larger market share and is estimated to grow the highest at a CAGR of 11.1% during the forecast period. In case, the point of consumption is relatively close (e.g. less than 1 mile) to the point of production, the gas would typically be distributed via dedicated pipelines (buried or aboveground). This is usually the most cost - effective method for short distances over private property where easements are not required. Costs for laying dedicated pipelines can vary greatly per mile. Note that gas distributed via dedicated bio methane pipelines must compete with natural gas prices in the marketplace.
- Europe is forecasted to grow the largest and is estimated to reach USD 9.02 Billion in 2026, at a CAGR of 5.9% during the forecast year and is expected to maintain its dominance over the forecast period. In Europe there is a strong development of on-farm and centralized biogas plants and for landfills to recover biogas in electricity production. Most biogas plants were built in Germany within Europe.
Browse complete Biogas Power Plants report description and Full TOC@ https://www.reportsanddata.com/report-detail/biogas-power-plant-market
Key Points from TOC:
Chapter 10. Company Profiles
10.1. Agrinz Technologies GmbH
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Type Insights
10.1.4. Strategic Initiatives
10.2. Scandinavian Biogas
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Type Insights
10.2.4. Strategic Initiatives
10.3. Beijing Sanyi Green Energy Development
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Type Insights
10.3.4. Strategic Initiatives
Continued…
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Biogas Power Plants Market Report 2018- 2026 by Top Players: Agrinz Tech, Scandinavian Biogas, Biofrigas Sweden, IES BIOGAS
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