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Biogas Market to Hit USD 37 02 Billion by 2028; Rising Emphasis on Sustainable Development Goals to Spur Business Opportunities, states Fortune Business Insights™
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Biogas Market to Exhibit a CAGR of 5 30% by 2027; Construction of Three Biogas Plants by Weltec Biopower to Uplift Biogas Industry: Says Fortune Business Insights™
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Biogas Plant Market to Gain Momentum; Future Biogas Enters Green Energy Partnership with the UK s Ministry of Defence: Fortune Business Insights™ - Energy Industry Today
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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.