The global waste derived biogas market is expected to witness significant growth over the forecast period owing to rising environmental awareness and price instability & supply anxieties associated with the use of fossil fuels. Increasing demand for renewable energy resources due to declining fossil fuel resources coupled with rising population is expected to open new avenues for the industry growth over the projected period. Growing infrastructural developments and increasing demand for energy from the commercial & industrial sector are likely to be key factors driving the demand over the forecasted period.
Rising government stringent emission laws, growing awareness towards environmental protection, increasing concerns towards overuse of fossil fuels and rising corporate initiatives towards CSR activities are anticipated to propel waste derived biogas market demand over the forecast period. However, high initial investment for the production set up is expected to hamper the industry growth over the next seven years.
Biogas is a renewable energy resource considered as a significant substitute for conventional fossil fuel, which is majorly obtained from waste materials. It is primarily generated through the process of anaerobic digestion. Commercially waste feedstock is the commonly used as raw material for biogas production. In addition, increasing use of agricultural, sewage and industrial waste as the raw material is expected to have a positive impact on the market growth over the projected period. Furthermore, rising use of livestock manure and domestic & municipal waste residues for biogas production coupled with increasing consumer awareness regarding cost and environmental benefits offered by the product are expected to drive waste derived biogas market growth.
The industry is segmented by raw material as agricultural waste, industrial wastewater, landfill gas, and sewage. The market is segmented by end-use into transportation fuel, municipal electricity production, and on-site electricity production. Growing needs for fuel in the automotive and industrial application is expected to propel demand over the next seven years.
Europe is expected to account for largest market share primarily due to the rising stringent emission norms, awareness to adopt clean fuel, and increasing demand from end- use industries. The region has been very responsive in adopting the advanced 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. France, Germany, UK and Italy are expected to be the key markets for waste derived biogas owing to more than 13,500 biogas plants with an installed capacity of over 7,400 MW. These plants are dedicated to producing high-quality biogas that is demanded by many industries. Furthermore, growing demand for automobile vehicles in the region is projected to lift the market over the next seven years primarily due to increasing demand of renewable source of energy utilized in the production plant.
North America is expected to account for second largest market share over the forecast period for waste derived biogas owing to the presence of more than 2,000 operational large biogas producing sites and growing end-use industries including automobile, manufacturing, and construction. Presently , the US accounts for highest market share in the region and is expected to witness similar trend over the next seven years majorly due to the presence of large group of organizations involved in production of biogas such as digester designers, municipalities, farmers, multinational engine manufacturers, waste management companies, natural gas providers, nonprofit organizations, engineering firms and universities.
Asia-Pacific is projected to witness the fastest growth owing to the growing awareness about the biogas generation from different types of waste, rising investments in setting up producing plants, and increasing R&D endeavors. Government regulations against increasing pollution are also the major factor that is projected to fuel the market growth in the region. India, China, and Japan are expected to be key markets in Asia Pacific owing to rapid industrial development, high investments for new projects, favorable government policies and rising consumer awareness.
The Middle East & Africa are expected to witness considerable growth owing to increasing foreign investments coupled with growing awareness environmental awareness. Depleting fossil fuel resources coupled with increasing energy needs in the region has resulted in rising demand for renewable energy resources which is expected to have a positive impact on the market growth over the next seven years.
The key players in the industry include Cargill Inc., Environmental Products & Technology Corp., Siemens AG, Bedminster International, Biotech Energy AG, AAT GmbH & Co., Biogen Greenfinch and ADI Systems Inc.
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