2023 Biogas Plant Market Report: Market Size, Growth Drivers, And Key Trends | Future Biogas Limited, PlanET Biogas Group, WELTEC BIOPOWER GmbH, Scandinavian Biogas Fuels, EnviTec Biogas AG

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The Biogas Plant Global Market Report 2023 by The Business Research Company, provides biogas plant market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/biogas-plant-global-market-report

According to The Business Research Company’s Biogas Plant Global Market Report 2023, the global biogas plant market size is expected to grow from $3.46 billion in 2022 to $3.84 billion in 2023 at a compound annual growth rate (CAGR) of 11%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the biogas plant market is expected to grow to $5.57 billion in 2027 at a CAGR of 9.7%.

The growing use of renewable sources of energy is driving the biogas plant market going forward. The energy that is derived from natural sources is referred to as “renewable energy.” This also includes bioenergy sources, which include biogas and biomethane. Major developing countries are shifting towards the use of renewable sources of energy for their energy needs as these sources generate less CO2 than conventional sources, and biogas plants are beneficial in the generation of biogas, which is one of the varieties of renewable energy sources.

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The biogas plant market is segmented:

1) By Biogas Plant Type: Small-Scale Digesters, Medium-To-Large-Scale Digesters

2) By Digester Type: Dry Anaerobic Digestion, Wet Anaerobic Digestion

3) By Feedstock: Energy Crops, Agriculture Residue, Bio-Municipal Waste, Other Feedstocks

4) By Application: Power Generation, Heat Generation, Transportation

Strategic partnerships are a key trend gaining popularity in the biogas plant market. Major companies operating in this sector are looking for partnerships to strengthen their position in the market. For instance, in June 2022, Belenergia s.a., a France-based developer of renewable energy production projects, collaborated with PRODEVAL, a France-based biogas producer and treatment company. This partnership enables both companies to share their expertise in the biogas sector. Furthermore, in November 2020, Adani Group, an India-based company operating in various markets such as trading, telecommunications, and so on, entered a strategic collaboration with Snam, an Italy-based gas and energy infrastructure company. This partnership allows Adani Group to strategically strengthen its presence in the sustainable energy sector and gain expertise for the development of the biogas, biomethane, and low-carbon mobility value chains in India.

The biogas plant market report table of contents includes: