Biogas Market Size And Trends Analysis | Industry Report Analysis - 2023

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The sources of green and renewable energy are increasingly discussed, planned and developed, as nations are considering the threat of global warming and harmful effects of greenhouse gases. Due to this, Biogas Plant Market has become priority in the energy generation mix for most of the countries in Europe, followed by North America and Asia-Pacific.

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The growth restraining factor for the biogas market includes high capital expenditure, which is required to set up a biogas plant. The companies are involved in mergers and acquisition, technology transfer, in order to sustain their position in the market and strengthen their market share.

Biogas is produced by anaerobic digestion with anaerobic organism. In this process, an organic matter is biologically broken down, in the absence of oxygen. Biogas is a mix of approximately 50%-70% methane, and 30%-40% carbon di-oxide. Biogas is produced by decomposing municipal waste, plant materials, food waste and plant materials.

The global biogas market will continue to grow with Europe having the major market share during the forecast period. The European countries have set up an association in the field of biogas and bio methane, namely European Biogas Association.

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The key players in the biogas market include Scandinavian Biogas Fuels International AB, EnviTech Biogas AG, Air Liquide Advanced Business and Technologies, Greenlane Biogas, Cryostar SAS, Vanzetti Engineering, Himark Biogas, DMT Environmental Technology, MT-Energie GmbH, Acrona Systems and Xebec Adsorption Inc.