Biogas is the next big alternative in the global energy market
Energy crisis is an emerging issue and the world is struggling to find a suitable environment-friendly energy option for its denizens. The global energy market is expanding rapidly. The soaring demand for energy is presently greeted with the help of fossil fuel. Industry experts believe that the demand in the energy market will grow manifold in the forthcoming years. There is an urgent need of an alternate source of environment-friendly energy to fill up this gap in the market. An environment-friendly energy source is a must, as greenhouse emissions are acutely disturbing the environmental balance. The growth of biogas as an alternate and green energy source is the only hope for the modern world.
The global biogas market is likely to soar within the assessment period. The market will witness a CAGR of 6.5% in terms of value in the years to come. The global biogas market showcased a promising growth in 2015 as the sales spurred and the total value of the market swelled above US$ 24000 Mn. The regions such as Latin America and Asia Pacific will play an important role in the growth of the global biogas market within the period of assessment. North America and Western Europe ruled the roost until the end of 2016, but the Asia Pacific region is predicted to propel its growth within the next few years. North America is projected to gain 200 BPS over the period of forecast. Western Europe is estimated to gain 230 BPS over the projected period and is projected to remain dominant during the period of forecast. Owing to increasing demand for electricity and vehicle fuels in the region, Asia Pacific is anticipated to gain 310 BPS over the assessed period.
Anatomy of the Asia Pacific biogas market
Asia Pacific is the land of hope for investors as it is predicted to double up its market worth and is likely to cross US$ 6000 Mn by 2026 end. This particular region of the global biogas market is predicted to represent a bright incremental dollar opportunity within the foreseen period. Asia Pacific is likely to emerge as the most attractive region in terms of market share and CAGR in the next 10 years. The sale value of the regional biogas market is anticipated to cross US$ 6800 Mn from an approximate current value of US$ 2800 Mn by the close of the assessment period. The favourable climatic conditions and massive availability of live stocks is likely to keep the market afloat in this region. The Asia Pacific market will register a CAGR of 9.2% in terms of value over the foreseen period. In terms of volume, consumption of biogas in Asia Pacific is anticipated to reach above 8,700 ktoe by the end of the forecasted period, registering a CAGR of 8.2% over the projected period. Countries such as India and China are predicted to fuel the development of the regional biogas market. Biogas sales are currently soaring in India and this market will project a suitable incremental dollar opportunity within the period of assessment. Countries such as India and China are passing through a rapid industrial evolution. These countries are blessed with an agriculture friendly climate and possess a massive reserve of agricultural waste. These factors are likely to expedite the expansion of the Asia Pacific regional biogas market.
Agriculture segment is estimated to lose 110 BPS by 2026 end. The segment is indicated to incline towards high value-medium growth during 2016 – 2026. The municipal segment is predicted to gain 130 BPS during the studied period. Biogas from sludge, landfills, etc. can offer lucrative growth opportunities in this region. Industrial & others segment is likely to witness sluggish growth during the assessment period.
The application segment of the Asia Pacific biogas market is likely to witness several prominent market shifts within the foreseen period. The electricity segment is indicated to lose more than 35 BPS by the end of the forecasted period while the heat segment is projected to gain more than 68 BPS during the period of assessment. Biogas fuelled heating systems installed in China, India and other countries of the Asia Pacific region are expected to create a growth opportunity for this segment by the end of the period of forecast. Vehicle Fuel & others segment is projected to incline towards low value-low growth during 2016–2026.
Future Market Insights has collated some extremely relevant data related to the global biogas market in a new publication. The report titled “Biogas Market: Global Industry Analysis and Opportunity Assessment, 2016-2026” provides a complete view of the global biogas market.
What our report offers
Our core team of analysts researched to fish out elaborate and significant market information likely to impact the nature of the global biogas market in the forthcoming years. In the report, we have assessed the hidden global and regional opportunities in the biogas market and mentioned the emerging and reigning stakeholders who will play a crucial role in shaping the destiny of the global biogas market.
We sliced the market and gauged its growth potential within a stipulated time period. We highlighted the prime traits of the market and closely monitored the emerging trends that will supposedly mend and bend the market within the foreseen period.
As we know the drivers and restraints play a decisive role in any market study. While analysing the global biogas market our team gave ultimate importance to the factors that can swing the market upward or downward by the end of the forecast period.
A team of analysts through extensive secondary and primary research picked up some key factors that might change the demography and dynamics of the global biogas market. During the research, we also spoke to some of the key stakeholders operating in this industry to understand the real psyche of the market and also tried to explore their regional and global expansion policies.
The report on global biogas market starts with the executive summary section and it is followed by research methodology and assumptions and acronyms. These sections play a pivotal part in the report, as they showcase some crucial information about the market; provide a 360-degree view of the global biogas market; and also accommodate the market taxonomy where our readers can get a segmented view of the global biogas market.
Analysing the market scene
This part of the report delves deep into the market and measures the future development potential of the global biogas market. It gauges the growth of the global biogas market on the basis of volume and value within the period of projection.
The importance of market dynamics
In the market dynamics section, we have analysed the molecular details of the global biogas market and laid down the drivers, restraints and trends that will cement the growth of the global biogas market.
What’s in store?
The global biogas market’s forecast section is the base of this report as this section talks about the future of the global biogas market by presenting relevant data associated with market size and worth. It portrays a proper picture of different regional markets and reveals their strengths and weaknesses.
A competitive landscape
At the end of the report, we scrutinise and understand the planning and hidden strategies of some of the key global players present in the biogas market. In this section, we try to understand the core realities of the global biogas market and future investment patterns. This section is intended to provide report audiences with a dashboard view of the competitive landscape of the global biogas market.
Market Segmentation of the Global Biogas Market
Leveraging best-in-class research methodology
Our team of researchers followed a systematic market research methodology to reach a suitable conclusion of the global biogas market. Apart from secondary and primary research our team adopted a methodical approach to understand the nuances of the global biogas market. Detailed interviews of key stakeholders were conducted to collect crucial market data, which was then validated using the triangulation method where the secondary and primary research data along with Future Market Insights analysis was consolidated to frame the final report.
The importance of metrics
Compare and contrast
Metrics curate the base of a report. The report on the global biogas market talks about all the key metrics to provide an extended picture of the market. The report uses accumulated data to compare and contrast the performance of the global biogas market across geographies.
A volatile market
As a research firm, we know that every market is volatile and the overall performance of any market is completely dependent on the unpredictable and evolving nature of the global economy. Our report on the global biogas market estimates the CAGR of the regional and global markets and also notes down the Y-O-Y spike of the global biogas market to understand the market climate and to identify the right opportunities across the global biogas market.
A multi-dimensional approach
The Future Market Insights research team has adopted a multi-dimensional approach to measure the embryonic growth of the regional markets. This detailed approach towards the market helps understand the significant trends likely to dominate the global biogas market in the forthcoming years. Another notable feature of this report is an analysis of the revenue forecast of the global biogas market in terms of absolute dollar opportunity. While this is usually overlooked when forecasting the market, we believe absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the biogas market. Our report on the global biogas market dissects various market segments on the basis of their individual performance and growth. The market attractiveness index at the end is included to help market shareholders identify the future and present market scope.
Our report on global biogas market provides a market outlook for the period 2016 – 2026. Product-wise weighted Average Selling Price (ASP) has been considered to deduce market values. Top-down approach has been used to assess market numbers for each product category. Bottom-up approach has been used to counter validate market estimations. Factors such as GDP, electricity generation growth, and renewable energy production growth have also been considered.