Global biogas market to nearly double in size to $33 billion by 2022
2012-06-22 14:32:57
Global Information Inc. would like to present a new market research report, "Renewable Biogas - Methane Recovery and Utilization in Landfills and Anaerobic Digesters: Municipal Solid Waste,Agricultural, Industrial and Wastewater Market Analysis and Forecasts" by Pike Research.
The fast-growing biogas market reached $17.3 billion in global revenue in 2011 and will nearly double by 2022, hitting $33.1 billion in that year, according to new research and analysis from Pike Research.
"With the relatively mature German biogas market nearing saturation, many design-build firms and project developers are seeking to export their expertise abroad to tap opportunities across Europe, the Americas, and Asia Pacific," says senior analyst Mackinnon Lawrence. "Increasing demand among farmers, municipalities, and industrial processors for waste treatment technologies, on the one hand, and widening opportunities for renewable natural gas in transportation and cogeneration applications on the other, signal steady growth for the biogas industry over the next decade."
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. With at least 11 billion cubic feet per year of production capacity expected to come online worldwide by the end of 2012, renewable natural gas (RNG) is a growing segment within the diverse biogas landscape. While opportunities abound for high-Btu RNG in gas-to-grid injection and vehicle fuel applications, low fossil natural gas prices are expected to restrict market growth in the absence of strong policy incentives.
Pike Researchs report, "Renewable Biogas", analyzes the global market opportunity for biogas capture across four key industrial segments: municipal solid waste (MSW), agriculture, industrial, and sewage treatment. The report provides a comprehensive assessment of the demand drivers, business models, policy factors, and technology issues associated with the rapidly-developing market for biogas production and utilization. Key industry players are profiled in depth and worldwide revenue and capacity forecasts for raw biogas and RNG production, segmented by region and industrial segment, extend through 2022.