Biogas Market Segment Forecasts up to 2023
The report defines and segments the biogas market, providing analysis and forecasts of the global production. According to the report, the global biogas market stood at 22,488.00 KTOE in 2014 and is likely to reach 39,845.58 KTOE by 2023, expanding at a CAGR of 6.56% between 2015 and 2023.
Browse Biogas Market Report with Full TOC at http://www.transparencymarketresearch.com/biogas-market.html
The global biogas market has been segmented on the basis of application into electricity & heat, vehicle fuel, and others. Biogas is a clean fuel and is gaining a significant market share in the global renewable energy portfolio. Increasing greenhouse gas (GHG) emissions has augmented the adoption of clean fuels across the globe. Various government incentives and subsidies have encouraged several companies to invest in biogas infrastructure development. Electricity & heat was the largest application segment of the global biogas market, accounting for more than 50% of the global share in 2014. Consumption of biogas for electricity and heat was increased due to rising adoption of renewable energy sources for power generation across the globe. However, the global biogas market growth is anticipated to be hampered by high initial investments and installation costs. In 2014, others such as domestic use and supply to natural gas pipeline was the second-largest application segment of the global biogas market. Consumption of upgraded biogas as a vehicle fuel is increasing due to strict vehicle emission norms.
The global market for biogas has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe accounted for more than 60% of the global market share in 2014. It was the largest regional segment in terms of volume in the same year. However, the biogas market in Asia Pacific is anticipated to grow at the fastest rate during the forecast period. China, India, and Japan are among the countries that are investing in the development of biogas infrastructure and increasing the production and use of biogas for several applications.
Request for Free sample report http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5630
Some of the leading companies in the global biogas market include Air Liquide Advanced Business & Technologies, Wärtsilä Corporation, Vanzetti Engineering S.r.l., Swedish Biogas International AB, Cryostar SAS, Gasrec Ltd., Biofrigas Sweden AB, Cryonorm BV, Scandinavian Biogas Fuels International AB, and EnviTec Biogas AG. The report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, and recent developments.
The global biogas market has been segmented as follows:
Global Biogas Market: Application Analysis
- Electricity & Heat
- Vehicle Fuel
Global Biogas Market: Regional Analysis
- Rest of Europe
- South Korea
- Rest of Asia Pacific
Rest of the World (RoW)
Browse Press Release Of Biogas Market http://www.transparencymarketresearch.com/pressrelease/biogas-market.htm
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453