Los Angeles, November 13, 2019 –QY Research has announced the addition of a new report to its chemical & material archive of market research studies titled, “Global Biogas Plants Industry Research Report Growth Trends and Competitive Analysis 2019-2025”. According to the report, the global Biogas Plants Market was above US$ 3.0 Bn in 2018 and is anticipated to reach around US$ 6.0 Bn by the end of 2025. The global Biogas Plants Market is anticipated to exhibit a healthy CAGR of 6.88% during the forecast period 2019-2025.
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Wet digestion plant type to gain traction in the near future
The report provides comprehensive analysis of all the plant type segments such as wet digestion and dry digestion. Wet anaerobic digestion enables optimal mixing, thereby resulting in high biogas production. Moreover, this process involves lower investment and operating costs as compared to dry anaerobic digestion. The report also offers detailed analysis of downstream segments including industrial and agricultural. Agricultural Biogas Plants make use of organic materials on farms to produce biogas. Industrial Biogas Plants use industrial residues obtained from food industry, slaughterhouse waste, fats, glycerine, and market waste to generate biogas.
Need to Reduce the Fossil Fuel Dependency to Boost the Market Growth
Surge in the need to reduce the fossil fuel dependency may offer growth opportunities for the Biogas Plants market in the coming years. Growing interest in renewable energy sources and need to reduce greenhouse gas emissions are some of the key factors supporting the Biogas Plants market growth to a great extent. Benefits associated with biogas including contribution to EU energy and environmental targets and waste reduction are fuelling the development of Biogas Plants.
Stringent policies on reduced greenhouse gas emissions to benefit the North America Biogas Plants Market
Strict regulations by the US government policies pertaining to the reduction in greenhouse gas emissions is one of the major factors boosting the growth of the market in North America. Government measures to extend biogas use to overcome the energy shortage in developing countries are positively impacting the market growth in Asia Pacific. Moreover, surge in the investment in biogas production is one of the key factors driving the Biogas Plants market in this region.
Manufacturers likely to expand their production capacity in future
Some of the key players operating in the Biogas Plants market are Ludan Group, Xinyuan Environment Project, PlanET Biogas Global GmbH, BioConstruct, IES BIOGAS, EnviTec Biogas AG, Shandong Tianmu Environment Engineering Co., Ltd., SEBIGAS, Xergi A/S, IG Biogas, BTS Biogas, WELTEC BIOPOWER GmbH, HoSt, Zorg Biogas AG, kIEFER TEK LTD, Lundsby Biogas A / S, Finn Biogas, Naskeo, Agraferm GmbH, Mitsui E&S Engineering Co., Ltd., Qingdao Green Land Environment Equipment Co., Ltd., BTA International GmbH, Hitachi Zosen Inova, and Toyo Engineering Corp. Manufacturers are anticipated to expand their production capacity to meet the growing demand for energy across various sectors.
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