Biogas Market To Tread For Organic Growth During The Forecast 2020-2024

The global biogas market market size is anticipated to have a huge effect on the power & energy industry in the coming years, according to Radiant Insights. Growing awareness for effective waste management and rise in demand for alternate fuel source is driving the market growth throughout the forecast period. In addition, shift in approach for energy consumption is a game changing factor for business strategies.

Government initiatives for renewable energy from biogas with an objective to reduce the dependency on fossil-based energy sources and supplement the climate change is contributing to the commercial aspect. For instance, Governments in Europe has declared their climate goals for 2020 that include lowering of greenhouse gases by 20%, reducing energy consumption to a constant rate, finding better means of alternative energy to suffice the energy gap by developing renewable energies. Bioenergy is currently making the greatest contributing as the renewable energy sources and is stage centered for future. The demand for renewable resources are also gaining a huge momentum for end-use materials. Commercially, biomass accounts for more than 80% of the global consumption. Out of this, biogas has a substantial role with specific contribution in the development of renewable energy sources and substitutes. 

South America is anticipated to have a significant market share in the biogas sector. In the recent years, biogas production is on a high rise in Brazil thanks to extensive use of livestock manure. The region witnessed importance of Biogas for hydroelectric power plants. 

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For instance, the energy sector in Brazil is undertaking initiatives such as ensuring the quality of water protection and managing the Itaipu Binacional power plant on Parana River that runs between the border of Brazil and Paraguay. Regarding the efficiency Itaipu is potentially the second largest power plant in the world with a high amount of electricity generation bypassing the China’s Three Gorges power plant. Although, Three Gorges power plant exhibits a high potential (as high as 22,500MW) in terms of electricity generation and Itaipu comes with a potential of 14,000 MW, the deciding factors such turbine efficiency, water flow, quality and demand are crucial for high output. 

The dual initiatives by the Government i.e. production of biogas and electricity is gaining a huge momentum. The livestock manure is prevented from entering the Itaipu reservoir that contaminates the water quality resulting in the risk of sedimentation for failure of hydroelectric power plants. The manure is redirected to the biogas facilities for other energy alternatives wherein an ecosystem is maintained.

Some of the key players in the biogas market are Mt-Energie, Hamworthy, Bebra Biogas, Schmack Carbotech, Pentair Haffmans, EnviTec Biogas, Greenlane Biogas, Kohler & Ziegler, Mainsite Technologies, Malmber Water, ETW Energietechnik, Gastechnik Himmel, Guild Associates, BMF HAASE Energietechnik and Econet.