Global Waste-Derived Biogas Market is Estimated to Reach $20.9 Billion by 2025, Says Accurize Market Research
Global waste-derived biogas market report published by Accurize Market Research forecast that the global market is expected to reach $20.9 billion by 2025; growing at a CAGR of 10.5% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Growing awareness for extreme use of fuels, environmental safety and growing concerns to overuse of fossil fuelacross the globe to drive the growth of the market
Growing awareness for extreme use of fuels, environmental safety and growing concerns to overuse of fossil fuelenergiesthe demand for the global waste-derived biogas market. Moreover,upsurge inincreasing government stringent emission regulations also boosts the growth of the market.
The global waste-derived biogas market has been bifurcated on the basis of type, application and geography. Type segment comprises sewage, landfill gas, agricultural waste, and industrial wastewater. By application, the market is segmented into on-site electricity production, transportation fuel, and municipal electricity production.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated in U.S. and Rest of North America, whereas Europe consists of UK, Germany, France, Italy and Rest of Europe. Asia-Pacific is segmented into China, Japan and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
“Europe is expected to account for largest market share during the forecast period”, says accurize
Europe is expected to account for the largest market shareduring the forecast period, driven by responsiveness in adopting the innovative technologies such as wastewater digestion technology and solid waste digestion technology owing to which waste derived biogas industry is expected to witness high growth over the forecast period.North America is anticipated to account for the second largest market share throughout the forecast period for waste derived biogas.However, Asia-Pacific is expected to witness the fastest growth owing to the rising awareness about the biogas generation from different types of waste, increasing investments in setting up producing plants, and increasing R&D endeavors.
Top players in the market
The key market players include EnergySolutions, Siemens AG, GENERAL ELECTRIC, Environmental Products & Technologies Corporation, Environmental Energy & Engineering Co.,Biogas Technology Ltd, Biogen (UK) Ltd., Cargill, Incorporated, Chevron Corporation, and AAT GmbHamong others.
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