Waste-derived Biogas Market to See 10.6p ct Annual Growth Through 2022, says BBC Report (Ind. Report)
According to Waste-derived Biogas: Global Markets for Anaerobic Digestion Equipment
, a report by Wellesley, Mass.-based BCC Research, global focus on renewable energies and increasing environmental regulations aimed at greenhouse gases are helping to drive the waste-derived biogas market to a projected compound annual growth rate (CAGR) of 10.6 pct through 2022, when it could be worth as much as $10.1 billion, according to the report.
The report notes:
Wastewater/sludge and industrial applications will lead the market in growth, with a CAGR through 2022 of 11.4 pct, although landfill gas, agriculture, and food and municipal wastes will lead by size, with a 2022 value of $5.8 billion.
In North America, passive biogas production system growth will be led by Mexico, which anticipates a CAGR of 8.4 pct through 2022, though the US will lead the regional market by size, with a 2022 value of $65.9 million.
In Europe, growth will be led by Italy, which anticipates a CAGR of 8.8 pct through 2022, though by size the region will be dominated by France, which anticipates a 2022 value of $83.8 million.
The report notes that although regulations are not the sole driver of the biogas industry, the report notes, they are a primary one. In Europe, which is home to the world's largest regional anaerobic digester market, the existence, stability and reliability of the legal and political framework is seen as the greatest influence on the market. Germany's rise to become a market leader came after the passage of major renewable energy legislation, and in the UK, the passage of a renewables obligation law provided the framework for a developing anaerobic digestion market.
Major players in the market mentioned in this report include ADI Systems, AsiaBioGas, BDI-BioEnergy, CH Four, CleanWorld, DVO, Ebara, Gasum, Hitachi Zosen, Inova, Kruger, MWH Global, Niras, Organic Power, Premier Tech Aqua, Republic Services, Sansuy and Turning Earth, among others.
Research details are available HERE.
(Source: BCC Research, 1 May, 2018) Contact: BBC Research, (866) 285-7215, www.bccresearch.com
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