Allied Market Research
Loading...
0

Waste-derived Biogas Market Expected to Reach $126.2 Billion by 2030

 

Report Code : A00092

quote Biogas is a type of clean fuel that can be made from a variety of waste products. Biogas serve as a viable alternative to traditional fossil fuels, due to rise in concerns about the overuse of fossil fuels and increase in awareness about environmental protection as well as renewable, sustainable energy generation. quote

Eswara Prasad
Manager, Energy Power at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled," Waste-derived Biogas Market by Source and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global waste-derived biogas market size was valued at $52.9 billion in 2020, and is projected to reach $126.2 billion by 2030, growing at a CAGR of 8.5% from 2021 to 2030.

Biogas is a type of renewable energy that can be utilized to replace fossil fuels. It is made mostly of waste materials, and produced as a result of anaerobic digestion. In the business sector, waste feedstock is the most commonly used raw material for biogas production. In addition, increase in usage of agriculture, sewage, and industrial waste as raw materials is predicted to promote the waste-derived biogas market growth throughout the projection period.

Increase in awareness of waste management methods among peasants, towns, and industrial workplaces is a crucial driver of the global waste-derived biogas market. The shift from conventional and nonrenewable energy sources to biogas, which is a renewable source of energy, is likely to promote the growth of the market in developed and developing nations. 

The global waste-derived biogas market analysis has been done on the basis of source, application, and region. 

Depending on source, the market is categorized into livestock manure, sewage, food waste, and crop residue. The crop residuesegment accounted for the largest share in 2020, while the sewage segment is projected to grow at the highest CAGR of 9.9%.

The applications covered in the study include residential, commercial, and industrial.  The industrial garnered the largest share in 2020, whereas the commercial segment is projected to register the highest CAGR of 9.5%. 

Europe is expected to be acquire the fastest growing region  due to implementation of stringent emission norms, rise in awareness to adopt clean fuel, and increase in demand for waste-derived biogas from end-use industries.

The major companies profiled in this report include AAT Abwasser- und Abfalltechnik GmbH, Bekon Biogas Energy Inc., Biogen Greenfinch, Cargill Inc., Clarke Energy, Environmental Products & Technology Corp., N-bio GmbH, Siemens AG, WELTEC BIOPOWER GMBH, and Zorg Biogas. 

Key findings of the study

  • The Asia-Pacific waste-derived biogas market is projected to grow at the highest CAGR of nearly 8.0% during the waste-derived biogas market forecast period.
  • By application, the industrial segment acquired the largest waste-derived biogas market share in 2020.
  • On the basis of source, the crop residues segment garnered the highest share in 2020.

Impact of COVID-19 on the Global Waste-derived Biogas Market

  • COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020. 
  • The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. It has led to either closure or suspension of their production activities in most of the industrial units across the world.
  • Many industries have been shut down due to lack of raw material availability and disruptions in the supply chain, owing to the virus outbreak. The worldwide lockdown has suspended the municipal electricity production, on-site electricity production, and transportation fuel activities, which resulted in declining demand for waste-derived biogas industry.
  • Manufacture of oil & gas and other products across the globe came to a halt due to unavailability of raw materials and shortage of labor, which hampered the market growth.
  • Gap in demand supply, price volatility, and change in government policy such as increased emphasis toward the bio-based products and incorporating green initiatives are expected to impact the growth of various end-use industries. In terms of its immediate and long-term effect on industry and consumers, the COVID-19 pandemic has outpaced any headwind ever encountered. 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Waste-derived Biogas Market by Source (Live Stock Manure, Sewage, Food Waste, and Crop Residue) and Application (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 4,224 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Waste-derived Biogas Market"
Purchase Enquiry