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Global Biogas Market Expected To Grow At A CAGR Of 7.1% Between 2016-2020

The main drivers of the Biogas market is the fact that biogas is a renewable source of energy, under the circumstance of energy challenging across the world, production of biofuel helps to eliminate the problem of landfill and dump sites, which is anticipated to provide a positive impact on the demand for biogas over the forecast period. According to report, global biogas market is expected to grow at a CAGR of 7.1% between 2016-2020.
In terms of geography, the Europe is projected to emerge as a largest region over the forecast period. Countries such as Germany, Austria and Denmark have strong legal framework regarding renewable energy sources, region followed by the Asia Pacific, which is expected to witness significant growth over 2016-2020, as the high rate of agricultural production in the emerging economies, including China, India, Thailand and Indonesia.

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……………………On the basis of application, biogas market can be segmented into electricity and heat generation, vehicle fuel, and others. Other application includes supply to a natural gas pipeline and domestic use. Electricity and heat generation segment is expected to lead the overall global share over the forecast period. Demand for upgraded biofuel is presumed to increase in the recent future owing to the low cost of fuel and compliance with stringent vehicle emission regulations.
The global top players in the Biogas industry include EnviTec, Vanzetti Engineering, Swedish Biogas International AB, Air Liquide Advanced Business & Technologies, Wärtsilä Corporation, Gasrec., Cryostar SAS, Cryonorm BV, and Biofrigas Sweden AB.
Global Biogas market share by region as following:

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Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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Joanna | Executive - International Business and partner Relations
E-mail: [email protected] 
Tel: 001-510-400-8520
Web: www.gosreports.com