Biogas Plant Market in Asia Pacific Anticipated to Expand at a CAGR of 7.8% by 2022: Transparency Market Research

The global biogas plant market stood at 56,276 units in 2015 and is expected to expand at a CAGR of 6.5% to reach 86,964 units in 2022. Asia Pacific is the leading market for biogas plant, accounting for more than 60% share of the global market in 2015.On the basis of region, the global biogas plant market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Asia Pacific dominated the global biogas plant market in terms of biogas plant volume, in 2015. It is expected to expand at a CAGR of 7.8% from 2016 to 2022. China, India, Japan, Australia, and ASEAN countries are some of the major countries in the Asia Pacific biogas plant market. Asia Pacific biogas plant market was dominated by biogas plants utilizing agricultural waste, F&B processing residue, and sewage sludge as the feedstocks. Rising investments for waste management coupled with growing energy imports have compelled various countries such as China and India to focus on alternate sources of energy such as biogas.

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Europe followed Asia Pacific in terms of biogas plant volume, in 2015. The market in Europe is expected to expand at a CAGR of 3.6% from 2016 to 2022. Countries such as the U.K., Germany, France, Italy, and Norway among others are major players in this region. Europe biogas plant market was dominated by biogas plants utilizing F&B processing residue, agricultural waste, and sewage sludge as the feedstocks. Strict vehicle emission standards have led to increased number of natural gas vehicles. This has boosted the consumption of biogas for commercial vehicles in Europe. The climate and energy targets 20-20-20 adopted by European Union aim to increase the share of renewable energy sources to 20% of the total energy consumption by 2020. This would further augment the biogas plant market in Europe during the forecast period. Germany is the market leader in Europe with more than 10,000 operational biogas plants in 2015.

North America followed Europe in terms of market share of the global biogas plant market, in 2015. The market in North America is expected to expand at a CAGR of 4.5% from 2016 to 2022. Countries such as the U.S. and Canada are the major players in the North America biogas plant market. North America biogas plant market was dominated by biogas plants utilizing sewage sludge and industrial waste as the feedstocks. Biogas produced in North America was mostly used for power and heat generation applications in 2015. Consumption of biogas for electricity and heat generation is driven by rising government incentives and feed-in-tariffs initiatives. Biogas is increasingly used for grid injection due to the adoption of renewable sources for power generation. Growth of the biogas plant market in North America is primarily driven by government initiatives coupled with laws supporting increased share of renewable sources of energy in the total energy mix.

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Middle East & Africa and Latin America together held less than 5% market share of the global biogas plant market, in 2015. Middle East & Africa biogas plant market was dominated by biogas plants utilizing F&B processing residue, agricultural waste, and F&B waste as the feedstocks. Turkey dominated the Middle East & Africa biogas plant market in 2015. Latin America biogas plant market was dominated by biogas plants utilizing agricultural waste, F&B processing residue, and industrial waste as the feedstocks. Brazil dominated the Latin America biogas plant market in 2015. More than 190 and 170 biogas plants are expected to be constructed during the forecast period in MEA and Latin America respectively.

Some of the major players operating in the global biogas plant market include Air Liquide, Wärtsilä, Scandinavian Biogas, EnviTec Biogas AG, Ameresco, Inc., Swedish Biogas International, PlanET Biogas Global GmbH, Agrinz Technologies GmbH, Beijing Sanyi Green Energy Development Co., Ltd., SP Renewable Energy Sources Pvt. Ltd., IES BIOGAS srl., Quadrogen, CH4 Biogas, Biofuel USA Corporation, and Biofrigas Sweden AB among others.

Long-term Outlook: The global biogas plant market stood at 56,276 units in 2015 and is expected to expand at a CAGR of 6.5% to reach 86,964 units in 2022. Asia Pacific is expected to dominate the global biogas plant market during the forecast period.

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