Biogas Market: Highlights Key Business Priorities In Order To Assist Companies -Air Liquide,Ameresco,Quantum Green

 

Climate Change Influencing Adoption of Biogas to Prevent Future Coronavirus-like Outbreaks

Climate change is predicted to influence the occurrence of future coronavirus-like situations. This has led to increased emphasis on the adoption of biogas. Companies in the biogas market are capitalizing on this opportunity, as they are becoming aware about combined impacts of rapid demographics, and societal and technological changes. There is a growing awareness about events such as the World Biogas eFestival, which was organized by the World Biogas Association in May 2020.

Companies in the biogas market are unlocking growth opportunities in developing countries where a significant percentage of the population still relies on traditional firewood for domestic purposes such as cooking fuel. Nepal’s biogas plant, Gandaki Urja Pvt. Ltd., is gaining recognition for distributing compressed biogas to customers in Pokhra.

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High Capital Investment, Explosion Risks Affect Market Growth

The biogas market is estimated to advance at a robust CAGR of 9% during the forecast period. However, the implementation of biogas is met with high capital investment for purchasing and installing biodigester. Stakeholders also need to comply with stringent safety and emission regulations, since the biodigester appears to be at explosion risk. As such, biogas is considered as a safe technology, and the concentration of methane is much less as compared to the LPG (Liquefied Petroleum Gas).

Companies in the biogas market are targeting rural communities to set up plants, as biogas helps in effective management of growing biomass volumes.

Funding from Public Authorities Encouraging Private Sector Investors to Expand Business

The biogas market is predicted to cross valuation of US$ 10.6 Bn by the end of 2030. Startups and companies are taking keen interest to understand financing and business models for biogas. Funding from public authorities is encouraging private sector investors to have a natural interest in investing in new plants, owing to promising potentials of a profitable economic framework.

It has been found that biogas plants that treat municipal bio-waste are more expensive to run as compared to agricultural biogas plants, since the municipal waste is contaminated with plastics and must be cleared prior to anaerobic digestion. Hence, companies in the biogas market are seeking finance from public authorities with a combination of revenue for the treatment of waste and a revenue for the sale of renewable gas or renewable electricity & heat.

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Multi-gas Measuring Probes Optimize Process of Biomass Conversion

Responding to waste management issues and achieving low greenhouse gas (GHG) emissions are challenging. Companies in the biogas market are taking advantage of this opportunity to develop instruments that contribute to a circular economy. Vaisala Oyj- a Finland-based company that develops environmental and industrial measurement, is gaining recognition for its Vaisala MGP261, which is a multi-gas probe for measuring methane, carbon dioxide, and humidity in demanding environments.

Companies in the biogas market are boosting their R&D capabilities to develop instruments that optimize and monitor the entire process of biomass conversion by responding to changes in gas composition and humidity.

Remote Monitoring Systems for Small Scale Bio-digesters Reduce Operational Expenses

Stakeholders in the biogas market are gauging incremental opportunities in Africa and India. Connected Energy- a U.K.-based start-up specializing in smart metering technology is increasing efforts to reduce operational costs for energy service providers and increase localization of the value chain. Venture capitalists are empowering local companies to gain full control, while putting together their own product packages to make it available in local markets.

Companies in the biogas market are increasing their research efforts to develop remote monitoring systems for small-scale biodigester in order to collect data about what is being fed and highlight its faults. Such systems are lowering operational expenses of biodigester.

Biogas Market: Overview

  • According to Transparency Market Research’s latest research report on the global biogas market for the forecast period of 2020 to 2030, increase in usage of biogas in automobile and power generation industries is expected to boost the global biogas market during the forecast period
  • Companies around the world have been investing significantly in R&D of biogas, since the past few years in order to lower the cost of biogas. The cost of biogas has decreased over the past few years, due to technological advancements. It is anticipated to decline further in the near future. This decrease in the prices of biogas is projected to boost the global biogas market during the forecast period. 
  • In terms of revenue, the global biogas market is projected to surpass US$ 10.6 Bn by 2030, expanding at a CAGR of 9% during the forecast period

Rise in Awareness about Environmental Safety and Green Energy: Key Driver of Biogas Market

  • Rise in awareness about green energy, and implementation of stringent government rules and regulations on emission of greenhouse gases (GHGs) and carbon are compelling companies to introduce highly effective and pollution-free energy generation methods
  • Biogas is an organic, clean, and renewable source of energy. Utilization of biogas assists in addressing global environmental concerns up to a certain extent. Increase in usage of biogas and other renewable sources of energy would help reduce carbon dioxide emissions. The European Union has set a target to increase the share of renewable energy in the total energy by approximately 80% by 2050.
  • Improper waste treatment can lead to health and environmental hazards. Therefore, governments of countries across the globe have enacted stringent environmental regulations regarding waste treatment.
  • Increase in disposable income and standard of living of the people in developing countries has boosted the demand for waste treatment. Agricultural waste, residential waste, sewage, and industrial effluents need to be properly treated and disposed. Biogas plants offer a viable solution of converting organic waste into biogas, which can be further utilized to produce electricity and heat.

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Increase in Demand for Biogas in Power Generation Application to Augment Biogas Market

  • Waste material is used in biogas to generate energy and heat. Biogas is also an effective alternative to fossil fuel. It can be used in diverse applications, ranging from utility power stations to automobiles.
  • Biogas can also help resolve the organic waste landfill issue by creating electricity and heat, as landfilling of waste can lead to air, land, and water pollution
  • Awareness about pollution caused by fossil fuel and coal has been increasing since the past few years. Biogas releases lower emissions than combustion engines. Thus, focus on green fuel to generate power and heat has been rising. Biogas is expected to play a major role in power solutions.
  • Thus, demand for biogas is estimated to increase in the near future, due to the environmental benefits it offers

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