Biogas Market - Industry Analysis, Size, Share, Size, Trend, Forecast 2023




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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