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Biogas Market Report Growth, Size, Trends and Market Analysis Report

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Rushika Gaikwad
Biogas Market Report Growth, Size, Trends and Market Analysis Report

Biogas is a reactive blend of gases generated from the decomposition of organic matter in the absence of oxygen. It can be extracted from several wastes such as plant material, agricultural waste, municipal waste, manure, sewage, or food waste. Biogas is an environmentally friendly energy source since it helps alleviate global waste levels, which produces harmful methane gas and reduces the reliance on fossil fuels to fulfill the energy requirements. The biogas market is projected to register the highest CAGR during the forecast period due to the rising investments and government initiatives concerning biogas production. Various countries across the world are focusing on reducing the rising level of carbon emissions. Utilizing renewable sources, such as biogas, can help minimize the growing carbon footprint and decrease the average rate of increase in the earth's temperature. Biogas can be used in domestic applications, such as cooking, industrial applications, producing heat & electricity, and in the commercial sector for greenhouse purposes. However, the biogas market is constrained by huge capital expenditure for plant installation and commissioning. The Biogas Market is projected to grow at the rate of 14.4% CAGR by 2027.

 

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Biogas Market on the basis of Substrate

  • Organic Waste
  • Sewage Sludge
  • Energy Crops
  • Others

Biogas Market on the basis of Application

  • Vehicle Fuel
  • Electricity
  • Heat
  • Others

Biogas Market on the basis of Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

The biogas market is segmented into Organic Waste, Sewage Sludge, Energy Crops, and Others in terms of substrate. High energy density, less investment costs, and rapid biogas production are the few significant factors promoting the deployment of energy crops-based biogas plants, which makes this segment a leading segment in the market share. A mix of maize and manure are the generally used substrates for agricultural biogas plants. Rising financial support, including feed-in tariffs and subsidy schemes majorly for electricity generation from biogas, will further augment the market outlook.

 

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Infoholic Research LLP

No. 15/1, Ground floor,

9th Main Road,

Hampi Nagar, Bangalore - 560040, India

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