Sellbyville, DE -- (SBWire) -- 10/17/2018 --Government initiatives and widespread enactment of stringent environmental laws to subdue the greenhouse gas emissions will drive the Europe biogas market size. Adoption of these systems has significantly escalated across the region owing to the rapid integration of renewable sources as a substitute for fossil fuels. The EU 2020 strategy aims at 20% increase in energy efficiency and renewable adoption, with simultaneous decrease in emissions when compared to 1990 levels.
Ongoing regulatory reforms to encourage the adoption of bioenergy along with rapid industrialization will propel the anaerobic digestion market share. Carbon tax, direct subsidies, tax rebates, feed in tariff, financial assistance and renewable portfolio standards are some of the incentives which will boost the product penetration over the forecast timeframe. In 2013, Government of France introduced feed-in-tariff including a rebate worth 0.14 to 0.25 USD/kWhe for AD plants and 1.03 to 0.17 USD/kWhe for landfills.
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Rapid industrialization along with stringent government regulations toward industrial waste to reduce land and water pollution will embellish the Europe biogas market. The European Commission enacted the 2000/76/EC Directive with an aim to restrain the adverse effects from the waste incineration process across the region. The directive lays emission norms pertaining to waste & co-incineration plants and further imposes operational & technical standards within the member states.
Denmark in 2016, accounted for over 1% of Europe biogas market share. Availability of a variety of feedstock materials across the nation favor the deployment of these systems. High operational performance, affordable price and low emission rate make its adoption preferable over other available alternatives The Danish government aims to achieve renewable based energy supply of 35% by 2020 and further cease dependency on fossil fuels by 2050.
Municipal biogas market size is set to witness strong growth on account of growing awareness toward waste management supported by federal and state incentives. Rapid urbanization with escalating recycling need are some of the key factors which will fuel the business growth. Rising investments have further directed the surplus funds toward the deployment of progressive & high-capacity bio-based systems.
Favorable government initiatives to encourage adoption of sustainable energy along with measures to reduce the carbon content will stimulate the Germany biogas market share. As per IEA, share of renewable energy in terms of total energy and electricity across Germany is expected to exceed 18% and 35 % respectively by 2020. Additionally, the country aims to reduce its carbon dioxide emissions by 40%.
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Biogas is inherently deployed across the residential, industrial, and commercial arenas. The mounting demand for power supply, environmental awareness, and the rising preference for renewable energy sources have resulted in commendable demand & large-scale deployment of biogas manufacturing plants in Europe. As per estimates, biogas applications across the industrial sector in Europe will surpass an annual installation of 600 MW by 2024. The escalating requirement for low-power & cost-efficient technologies for treating biodegradable wastes is slated to impel Europe biogas market from commercial applications.
With the rising trend of using sustainable energy across the continent, Europe biogas industry is expected to have bright growth prospects in the ensuing years. Effective government measures such as providing tax concessions and rewards for the biogas applications are expected to impel the growth of this business sphere in Austria, which would considerably augment the revenue graph of Europe biogas market as well. Germany, on the other hand, is expected to surpass 300 MW by 2024, subject to the rising need for curbing carbon emissions and maintaining a green environment. The numerous efforts undertaken by member countries are certain to stimulate the growth of Europe biogas industry.
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Notable players in Europe biogas market include EnviTech, Schmack, IES, Agrinz Technologies, Agraferm Technologies, BDI- Bioenergy International, CH4 Biogas, Weltec, BTS, Scandinavian Biogas Fuels International, Krieg & Fischer Ingenieure, Zorg, agri. capital, Gasum, PlanET Biogastechnik, Biogas System.
Favorable government initiatives to encourage adoption of sustainable energy along with measures to reduce the carbon content will stimulate the Germany biogas market share. As per IEA, share of renewable energy in terms of total energy and electricity across Germany is expected to exceed 18% and 35 % respectively by 2020. Additionally, the country aims to reduce its carbon dioxide emissions by 40%.
Rapid adoption of sustainable energy coupled with technological diversification of energy sources will drive the Poland biogas market. Growing concern to sustain the energy demand and supply gap across residential, commercial and industrial establishments will further complement the business outlook.
Rising economies of scale are expected to encourage companies to make heavy investments across Europe biogas industry. With the continent touted to be the hub for renewable energy in the future, it comes as no surprise to note that Europe biogas market has been forecast to surpass a revenue of USD 2 billion by 2024.
Europe Biogas Market to Witness Major Gains via Commercial & Industrial Applications over 2017-2024 : Zorg Biogas, AgriCapital, Gasum, PlanET Biogastechnik, Biogas System
Growing demand for biological waste treatment coupled with favorable government measures to encourage and promote renewable energy utilization will stimulate the biogas market