Global biogas market
to hit a value of $33.1 billion by 2022
© companiesandmarkets.com
2013-01-21 15:58:03 - Global biogas market to hit a value of $33.1
billion by 2022
The global biogas market reached revenues of $17.3 billion in 2011
and has been forecast to double over the next decade, hitting a market
value of $33.1 billion by 2022. Although a relatively minor player
within the overall bioenergy sector, the market for biogas sits at the
confluence of a number of forces, including increasing demand for
distributed generation, tightening environmental regulations, and
accelerating buildout of infrastructure for natural gas and for vehicles
powered by natural gas.A byproduct of anaerobic digestion (AD), a
process in which microorganisms break down organic matter in an
oxygen-starved environment, biogas is gaining traction as a versatile
energy carrier with significant potential to meet growing demand within
the power, heat, fuel, and chemical markets.Global installed
production capacity is now more than 800 billion cubic feet per
year, representing nearly 14.5 gigawatts (GW) of installed
distributed and grid-scale renewable generation capacity.Supportive
government policies will see Germany continue to dominate global
biogas energy generation for the foreseeable future. Biogas power
generation is forecast to increase from 18,244 Gigawatt hours (GWh)
in 2012 to 28,265 GWh in 2025, representing a compound annual growth
rate (CAGR) of 3.4%.Germany contributed the largest share to the
world´s cumulative installed capacity in 2011. The country accounts
for approximately a quarter of the global biogas installed
capacity.The German government has been instrumental in developing
the biogas electricity market in the country through the development
and operation of agricultural methanization plants.By comparison,
the US, the second most productive biogas power producer, is
expected to increase generation from a more modest 2012 figure of
9,072 GWh to 20,936 GWh in 2025, at a CAGR of 6.6%.For more
information on the global biogas market, see the latest research:
Global Biogas MarketFollow us on Twitter @CandMResearch
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