April 8, 2011, San Jose, CA – Global Industry Analysts Inc. (GIA)
recently released a global report on the biogas plants market,
forecasting that world biogas plants market are expected to reach $8.98
billion by the year 2017.
April 8, 2011, San Jose, CA – Global Industry Analysts Inc. (GIA)
recently released a global report on the biogas plants market,
forecasting that world biogas plants market are expected to reach $8.98
billion by the year 2017.
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.
Biogas is primarily used as a fuel for cooking and lighting purposes in
various countries, whilst a key motivating factor for development of
liquid biofuels is to replace petroleum fuels. Advances in
biotechnology, molecular science, and microbiology contributed to
enhancements in biogas yields production, which led to the development
of commercial biogas plant. Biogas plants can convert energy crops,
organic industrial and municipal solid waste, and manure, into
efficient fertilizer and reduce the odors associated with traditional
manure management. In terms of both consumption and production of
biogas, Europe is ahead of the other nations mainly due to increased
government regulation for environment friendly initiatives. Although,
Europe dominates biogas production, the trend is also catching up fast
in countries like Japan, Australia, New Zealand and the US. The
Asia-Pacific biogas plants market is displaying strong appetite for
growth, thanks to the continuous infrastructure development and
business expansion in the region, especially in the emerging markets
such as China and India.
The recent worldwide economic recession has not had much
impact on the global biogas plants market, as the prospects for such
emerging renewable energy technology are stored for future. The growing
clamor over cleaner and environmental friendly energy technologies is
offering new market opportunities for alternative energy solutions such
as biogas. However, biogas plant market is resilient and not immune
from the business cycle. Recent turmoil in the global credit markets,
and substantial reductions in asset value across business enterprises
and households resulted in reduced energy requirements and difficulties
in obtaining finance for biogas and other renewable energy projects.
This coupled with poorly performing foreign markets and high substrate
prices that reached its peak in September 2008, scuttled all previously
set targets. At the same time, the cost of natural gas delivered to
electric power plants declined in 2009 to nearly half the 2008 level
and that coupled with significant expansions of pipelines capacity had
cast downward pressure on biogas prices. Government stimulus packages
proved to be the silver lining from the downturn in the global economy.
Various government policies, in terms of subsidies, incentives and
investments by the biopower companies shielded the biogas plants market
from the devastating effect of crisis.
As stated in the new market research report, Europe and United
States accounts for a lion’s share of the global biogas plants market.
Biogas plants market is primarily localized in Europe, with Germany
accounting for a major share of the global production and consumption,
while the UK, Italy and Spain represent other significant regional
markets. While the continued difficult economic scenario is a factor to
consider, the industry trends bear out an optimistic assessment, as
fundamental market drivers for renewable technologies continue to
remain strong. Innovations will continue in processes and feed-stocks,
while companies, government, and academic institutions pour in funds
and expertise to support research and development in the field of
renewables.
Biogas has distinct advantages in comparison to other
renewable energies, which provides a very strong reason to be sanguine
about the future of biogas sector. The increasing application of
renewable fuels in transport sector across the world also supports the
growth of biogas industry. Renewable fuels, such as biodiesel and
bioethanol, demonstrate limitations in terms of reduction in greenhouse
gases, and resource efficiency. Biogas, prepared from byproducts 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. Biogas can also be
purified and subsequently upgraded to quality as exhibited by natural
gas for its injection into the natural gas grids.
The research report – titled Biogas Plants: A Global Strategic Business
Report announced by Global Industry Analysts, Inc. – provides a review
of market trends, issues, drivers, company profiles, mergers,
acquisitions and other strategic industry activities. The
single-segment report provides market estimates and projections for
major geographic markets including the U.S., Japan, Europe, China,
India, and the rest of the world.
For more details about this market research report, visit http://www.strategyr.com/Biogas_Plants_Market_Report.asp
