Biogas Plant Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2022
Global Biogas Plant Market: Snapshot
The
global biogas plant market has so far witnessed a great deal of
incentivization from governments and private players alike. Players
associated with the production and distribution of biogas are feeling
optimistic due to the increasing amount of financial support and relaxed
regulations when it comes to trade and transportation. The global
biogas plant market falls under one of the more efficient methods for
waste disposal under ecofriendly categories. The global biogas plant
market is also being driven by the overall increase in importance given
to renewable sources of energy in the commercial and mainstream power
sector. However, the market is facing problems currently, including the
insufficient methods for waste segregation, which is preventing a higher
yield of fuel quality from feedstock.
The
global biogas plant market is expected to expand at a CAGR of 6.5%
within a forecast period from 2016 to 2022 owing to the above drivers
and restraints. The market was calculated at 59,687 units of biogas
plants by the end of 2016, and is expected to reach 86,964 units by the
end of 2022.
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APAC to Continue Dominating Global Biogas Plant Market
China,
Japan, and India have consistently been the leading proponents for the
installation of biogas plants in the world. Their high level of activity
in this market has allowed the Asia Pacific region to be the leading
region in the global biogas plant market for 2015. This trend is highly
likely to continue over the coming years, thanks to the increasing
investment into renewable energy sources. These regions show a much
higher availability of feedstock due to being primarily agrarian
countries. On the other hand, the economically developed regions of
North America and Europe are showing a greater rate of expansion for
biogas plant projects over the coming years. The U.S. is showing a very
high inclination towards implementing biogas on a large scale, further
increasing the scope of biogas plant installations in this region.
In
Europe, Germany has been the key nation championing the growth of the
biogas plant market for the region. Europe in general is leaning towards
the use of food and beverages based feedstock for fueling their biogas
plants. The regions of the Middle East and Africa, and Latin America,
have shown minimal interest in the global biogas plant market so far.
The scope of growth of the market in these regions is expected to
increase over the coming years, but perhaps not as much as the other
regions.
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F&B Processing Residue Hailed as Most Common Feedstock Type
On
the basis of feedstock types, the global biogas plant market can be
segmented into residential and commercial F&B waste, F&B
processing residue, industrial waste, sewage sludge, energy crops, and
agricultural waste. Of these, the global biogas plant market has so far
seen a very high usage rate of F&B processing residue in all
regions. One of the key reasons for this is the easier scope of waste
segregation, as processing residue can be separated right at the
production level in the F&B industry. At the end of 2015, F&B
processing reside had gathered up a share of 30.40% in the global biogas
plant market. Agricultural waste has been at a close second position in
the global biogas plant market for similar reasons.
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