The Business Research Company Global Biogas Market Report 2021: Growth and Evolution of COVID-19 to 2030
LONDON, GREATER LONDON, United Kingdom, August 10, 2021 /EINPresswire.com/ – The growing shift towards renewable energy sources is expected to propel the growth of the biogas market In the years to come. Renewable energy, often called clean energy, comes from natural sources or from processes that are renewed on a regular basis. Biogas is also called renewable natural gas produced by the decomposition of organic material such as animal waste and food scraps. According to the International Energy Agency’s (IEA) Global Energy Balance 2020, renewable energies are expected to be the fastest growing energy source in the future. Compared to the first quarter of 2019, the global use of renewable energy in all industries increased by around 1.5% in the first quarter of 2020 and estimated a 1% increase in the use of renewable energy by the end of 2020. Therefore, the switch to renewable energy sources stimulates growth. of the biogas market.
The size of the global biogas market is expected to grow from $ 58.90 billion in 2020 to $ 64.14 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The growth is mainly driven by companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The biogas market is expected to reach $ 88.47 billion in 2025 at a CAGR of 8.4%.
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The main players covered in the global biogas industry are PlanET Biogas Global GmbH, Scandinavian Biogas, EnviTec Biogas AG, IES BIOGAS Srl, Air Liquide, Weltec Biopower GmbH, Biofrigas Sweden AB, Ameresco Inc., Wartsila, Engie SA, Bio-En Power Inc., Swedish Biogas International, CH4 Biogas , SP Renewable Energy Sources Pvt. Ltd, Beijing Sanyi Green Energy Development Co. Ltd, Biofuel USA Corporation, Quadrogen, Viessmann, BTS-biogas, Agraferm, Gasum, Xergi A / S, Zorg Biogas, Future Biogas Limited and AAT Biogas Technology.
The biogas market includes sales of biogas by entities (organizations, sole proprietorships and partnerships) that are engaged in the production of biogas. Biogas is a form of biofuel that is created spontaneously during the decomposition of organic waste. The production of biogas is also known as anaerobic digestion because it occurs in the absence of oxygen. It can be used for a variety of purposes including automotive fuel, cooking, and power generation.
The main sources of biogas are municipal waste, industrial waste, agricultural waste, etc. Anaerobic digestion (AD) of the organic part of municipal solid waste (OFMSW) creates biogas that can be used to generate energy, thereby reducing waste that would otherwise go to landfill. Biogas is used for residential, commercial and industrial purposes. It is implemented in various fields such as power generation, heat production, cogeneration, etc.
Global Biogas Market Report 2021 – By Source (Municipal Waste, Industrial Waste, Agricultural Waste), By Application (Residential, Commercial, Industrial), By End User (Power Generation, Heat Generation, Cogeneration), Growth and the COVID-19 change is one in a series of new reports from The Business Research Company that provides an overview of the biogas market, a forecast of the size and growth of the biogas market for the entire market, biogas market segments and geographies, biogas market trends, biogas market drivers, restraints, major competitor revenues, profiles and market shares.
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