Global biogas market revenues totally have reached nearly US$24,5 billion in 2015, and according to recent studies, during the forecast period 2016-2026, the global biogas revenues are estimated to reach US$48 761,2 million, it is therefore expected a growth of 6.5% CAGR.
The key regions fuelling demand will be Asia-Pacific (APAC) and Latin America: during the forecast period, the APAC biogas market is expected to attain fastest growth by registering an impressive 9.2% CAGR, while Latin America will account for more than 50% of the global biogas revenues.
By 2020-end, North America’s biogas plant will be valued over US$ 9,6 billion, while nearly 20 000 kilotons of volume will be sold in Western Europe, although remains the rising preference for solar power in the US. On the other hand, regions such as Middle East&Africa (MEA) and Eastern Europe will exhibit a comparatively nascent growth in terms of biogas revenues.
The researchers have however highlighted that the feasibility of using biogas as energy resource remains quite limited as large scale heating processes in heavy industries require high power output and low processing time, which cannot be availed through biogas plants.
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