Waste-Derived Biogas Market: Valued at $52.9 Billion in 2020, Projected to Reach $126.2 Billion by 2030
WILMINGTON, DE , UNITED STATES, July 17, 2024 /EINPresswire.com/ -- The global waste-derived biogas market size was valued at $52.9 billion in 2020, and is projected to reach $126.2 billion by 2030, growing at a CAGR of 8.5% from 2021 to 2030.
The Waste-derived Biogas Market encompasses the production and utilization of biogas generated from organic waste materials. With a focus on sustainability and waste management, this market segment addresses both environmental concerns and the growing demand for renewable energy sources. Technologies for extracting biogas from various waste streams contribute to reducing greenhouse gas emissions while offering opportunities for energy generation.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-sample/173
Biogas is a type of renewable energy that can be utilized to replace fossil fuels. It is made mostly of waste materials, and produced as a result of anaerobic digestion. In the business sector, waste feedstock is the most commonly used raw material for biogas production. In addition, increase in usage of agriculture, sewage, and industrial waste as raw materials is predicted to promote the waste-derived biogas market growth throughout the projection period.
Increase in awareness of waste management methods among peasants, towns, and industrial workplaces is a crucial driver of the global waste-derived biogas market. The shift from conventional and nonrenewable energy sources to biogas, which is a renewable source of energy, is likely to promote the growth of the market in developed and developing nations.
The global waste-derived biogas market analysis has been done on the basis of source, application, and region.
Depending on source, the market is categorized into livestock manure, sewage, food waste, and crop residue. The crop residuesegment accounted for the largest share in 2020, while the sewage segment is projected to grow at the highest CAGR of 9.9%.
๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ง ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/4eff870d51b14924590c77e9e7da6f49
The applications covered in the study include residential, commercial, and industrial. The industrial garnered the largest share in 2020, whereas the commercial segment is projected to register the highest CAGR of 9.5%.
Europe is expected to be acquire the fastest growing region due to implementation of stringent emission norms, rise in awareness to adopt clean fuel, and increase in demand for waste-derived biogas from end-use industries.
The major companies profiled in this report include AAT Abwasser- und Abfalltechnik GmbH, Bekon Biogas Energy Inc., Biogen Greenfinch, Cargill Inc., Clarke Energy, Environmental Products & Technology Corp., N-bio GmbH, Siemens AG, WELTEC BIOPOWER GMBH, and Zorg Biogas.
๐๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐ ๐๐ง๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ฅ๐๐๐ฌ๐ ๐๐๐๐ฅ ๐๐ซ๐๐ ๐ญ๐จ ๐๐จ๐ง๐ญ๐๐๐ญ ๐จ๐ฎ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/connect-to-analyst/173
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ฎ๐๐ฒ:
The Asia-Pacific waste-derived biogas market is projected to grow at the highest CAGR of nearly 8.0% during the waste-derived biogas market forecast period.
By application, the industrial segment acquired the largest waste-derived biogas market share in 2020.
On the basis of source, the crop residues segment garnered the highest share in 2020.
David Correa
Allied Market Research
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