Biogas Market Growth and Segments, 2016-2026

Biogas is a blend of various gases formed by breaking down the organic substances in the absence of oxygen. Wastes from agricultural utilities, municipalities, plants and industries, sewage or edible wastes work as the raw materials for biogas production. Exerting little carbon footprint, Biogas is a renewable energy source, use of which is good for the environment.

Biogas can be produced by the following methods:

    By Anaerobic digestion (digesting substances or raw materials inside a closed system)

    By fermenting biodegradable materials.

Biogas is mainly composed of methane and carbon dioxide gases. Minor amounts of hydrogen sulphide, water vapours and silicone compounds may also be found in the mixture. The gases present in biogas can be burnt in the presence of oxygen, which releases energy. The energy thus released can be used for various purposes such as cooking food, generating electricity, heating and also in transportation.

The global shift in the use of energy from conventional resources to unconventional or renewable energy resources is expected to be the main factor driving the global biogas market. Various governmental and environmental regulations and legislations in the favour of biogas are also playing a governing role in the global biogas market. Owing to these factors, the global biogas market is expected to grow significantly over the forecast period of 2016-2026.

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Drivers and Restraints:

Increasing prices of conventional energy resources such as crude oil etc. over the years, have helped to stimulate the global interest in biogas as an alternative energy resource. With harmonization of good production technologies and backed by various regulations and legislations, the global biogas market is expected to grow significantly over the coming years.

Use of biogas not only reduce the emission of harmful gases but also works as an...