Global biogas generator market is expected to witness growth over the forecast period on account of shifting focus from conventional energy sources such as coal, gas and crude oil to renewable alternatives such as wind, solar and tide. Increasing environmental concerns coupled with favorable regulations to promote the consumption of biogas is likely to have a positive impact on the market. Increasing importance of biogas in municipalities, industrial processing and farming to meet energy demand is further expected to augment biogas operated equipments market. Application of renewable energy sources for transportation and power cogeneration is likely to enhance the market growth. Fluctuating crude oil prices, depleting fossil fuel resources and supply issues are further expected to accelerate the importance of biogas in the near future. High installation cost associated with the establishment of biogas plants is likely to challenge the market over the forecast period.
Biogas generator is a chemical system, established to organically breakdown biological waste materials into gases such as hydrogen and methane, which is further combined with oxygen for application as fuel. The Advantages of biogas power plant include, the quick generator start, and low fuel cost. The deployment of organic farming result in neutralizing the emissions of greenhouse gases which is expected to increase the importance of biogas generator over the forecast period. Methane is a key component of biogas, which is dioxide greenhouse gas which is converted into water and carbon dioxide during incineration and thus results in reducing the adverse impact on environment. The property is likely to enhance the growth of biogas generator market.
Europe is expected to be the largest biogas generator market in vague of increasing importance to reduce carbon dioxide emissions in manufacturing industry amidst the supportive regulations by European Commission. In 2007, the European Union set 20-20-20 targets aimed at 20 percent reduction in greenhouse gas emissions, increasing share of renewable sources by 20 percent to produce energy and increasing energy efficiency by 20 percent..In February 2012, the European Commission adopted Bioeconomy Strategy intended to shift the inclination towards renewable resources and advocates to develop new technologies markets and processes. These favorable moves are expected to positively impact biogas generator market in the near future. Rapid industrialization coupled with growing importance for power generation through renewable sources in India and China is expected to drive the market in Asia pacific.. The implementation of National Project on Biogas Development Programme by government of India intended for providing fuel for organic manure and cooking to rural households, improving sanitation in rural areas by linking toilets with biogas generators, reducing pressure on environment and mitigating drudgery of rural women. This program is aimed to promote developed models of biogas generators, training sessions to people and financial incentives.
Government of China launched numerous initiatives aimed at promoting biogas and generation of biogas through biogas plants. In 2013, State Council of China issued Air Pollution Prevention Action Plan intended to promote gas instead of crude oil and natural gas instead of coal. In its 12th Five Year Plan the government aims plans for the establishment of seven thousand large biogas projects and installed 50 million household biogas generators by the end of 2015. Stringent government policies in the U.S. regarding reduction in green house gas emissions are further expected to augment the biogas generator market. In 2012, US EPA launched an online tool of waste to biogas mapping to support the usage of organic waste for energy projects. The tool is intended to help hotels, restaurants and food waste generators to link themselves with large energy producers of biogas such as dairies with anaerobic digesters and biogas generators in turn expected to force manufacturers to establish their production capacities in vicinity. Technological advancement in hydraulic fracking has resulted in increasing the production output of shale gas and tight oil in the U.S. and Canada which is expected to pose a crucial challenge to biogas generator market players in the near future.
Biogas generator market players include Carbotech, DGE Gmbh, DMT Environmental Technology, Kohler & Ziegler, Prometheus Energy, Acrona Systems and Envirotech. In 2015, Government of Kenya announced to launch first biogas generator or plant which will be linked to national power grid providing 2.2 megawatts of additional electricity generated from cor
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The COVID-19 pandemic and subsequent halt in manufacturing activities shall have an impact on the supply availability of a variety of renewable chemicals. Furthermore, current disruption in trade shall also gravely impact the availability of chemical stocks in import-dependent countries. The report will account for Covid19 as a key market contributor.