LONDON--(BUSINESS WIRE)--The global biogas plant market is set to reach nearly $9 billion in 2017, according to a new report available on companiesandmarkets.com. The desire to reduce dependency on fossil fuels, heightened attention to eco-friendliness, and government incentive programs will continue to step up investment in biogas facilities.
Biogas Plants: A Global Strategic Business Report
http://www.companiesandmarkets.com/Market-Report/biogas-plants-a-global-strategic-business-report-618331.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2
Biogas is a clean gas obtained from biomass, a renewable energy resource derived from food processing wastes, sewage treatment sludge, as well as animal and human excreta. Narrowing cost differential between fossil fuels based electricity generation and biogas energy in recent years has further augmented interest in renewable resources. Today, biogas competes on par with petroleum-based fuels in terms of performance, cost, and other additional benefits such as reduce greenhouse gas (GHG) emissions.
Europe and the United States account for the majority of the global biogas plants market. The biogas plant market is mainly located in Europe, with Germany accounting for the majority of European and Global biogas production and consumption. Other significant European biogas markets are the UK, Italy and Spain.
The increasing application of renewable fuels in transport sector across the world also supports the growth of the biogas industry. Renewable fuels, such as biodiesel and bioethanol, demonstrate limitations in terms of reduction in greenhouse gases, and resource efficiency. Biogas, prepared from by-products of biodiesel and ethanol, and from the anaerobic digestion of energy crops and organic residues, holds an advantageous position in terms of resource efficiency and environmental perspective.
Major companies in the market are 2G Bio-Energietechnik, BIOGAS NORD, BKN Biostorm, BTA International, EnviTec Biogas, GHD, HAASE Energietechnik, Organic Waste Systems, RCM Digesters, Schmack Biogas, STRABAG Umweltanlagen, UTS Biogastechnik among others.
Biogas Plants: A Global Strategic Business Report provides a review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for major geographic markets including the United States, Japan, Europe, China, India, and Rest of World.