High Production Capacity to Propel Market Growth in Europe
Europe dominates the biogas plant market share, boasting a market size of USD 3.46 billion in 2019. The main reason for the region's enviable position in this space is the widespread presence of biogas facilities in the continent. For example, the European Biogas Association estimates that over 18,000 biogas production plants were operational across Europe towards the end of 2019.
Increasing investments in renewable energy sources and massive generation of organic waste are expected to be the two prime factors fueling the growth of the market in Asia Pacific. The market in North America, on the other hand, is predicted to enjoy numerous lucrative opportunities during the forecast period due to the strong presence of biogas facilities across all 50 states in the US.