Biogas Market - Industry Analysis, Size, Share, Size, Trend, Forecast 2023
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Biogas |
A research study on the global biogas market, recently
published by Transparency Market Research (TMR) estimates this market
to expand at a CAGR of 6.56% over the period from 2015 to 2023. The
market is expected to witness an increase in its production volume
from 22,488 KTOE in 2014 to a 39,846 KTOE by the end of the forecast
period. The research report is titled “Biogas Market - Global
Industry Analysis, Size, Share, Growth Trends and Forecast 2015 -
2023.”
Biogas is a mixture of various gases produced by the diffusion of
organic matters in the absence of oxygen. It consists of methane
(40%-70%), carbon dioxide (30%-45%), and small portions of hydrogen
sulfide, nitrogen, and siloxanes. It is used as a fuel for cooking,
heating, as a vehicle fuel, and in the production of heat and
electricity.
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According to the report, the increasing emission of greenhouse gases
is the key factor behind the rising demand for biogas across the
world. In addition, the growing uptake of natural gas vehicles,
worldwide, is likely to propel the global biogas market significantly
during the forecast period.
The research report evaluates the global biogas market on the basis
of application and the regional spread of this market. On the basis
of the application, the report has segmented this market into heat
and electricity, vehicle fuel, and other application.
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Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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