Biogas Market Stood at 22,488.00 KTOE in 2014 and is projected to Reach 39,845.58 KTOE at 6.56% Growth Rate: Transparency Market Research

Albany - NY, Aug. 5, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research has released a new market report titled "Biogas Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023."

The report defines and segments the biogas market, providing analysis and forecasts of the global production. According to the report, the global biogas market stood at 22,488.00 KTOE in 2014 and is likely to reach 39,845.58 KTOE by 2023, expanding at a CAGR of 6.56% between 2015 and 2023.

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The global biogas market has been segmented on the basis of application into electricity & heat, vehicle fuel, and others. Biogas is a clean fuel and is gaining a significant market share in the global renewable energy portfolio. Increasing greenhouse gas (GHG) emissions has augmented the adoption of clean fuels across the globe. Various government incentives and subsidies have encouraged several companies to invest in biogas infrastructure development. Electricity & heat was the largest application segment of the global biogas market, accounting for more than 50% of the global share in 2014. Consumption of biogas for electricity and heat was increased due to rising adoption of renewable energy sources for power generation across the globe. However, the global biogas market growth is anticipated to be hampered by high initial investments and installation costs. In 2014, others such as domestic use and supply to natural gas pipeline was the second-largest application segment of the global biogas market. Consumption of upgraded biogas as a vehicle fuel is increasing due to strict vehicle emission norms.

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The global market for biogas has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe accounted for more than 60% of the global market share in 2014. It was the largest regional segment in terms of volume in the same year. However, the biogas market in Asia Pacific is anticipated to grow at the fastest rate during the forecast period. China, India, and Japan are among the countries that are investing in the development of biogas infrastructure and increasing the production and use of biogas for several applications.

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Some of the leading companies in the global biogas market include Air Liquide Advanced Business & Technologies, Wärtsilä Corporation, Vanzetti Engineering S.r.l., Swedish Biogas International AB, Cryostar SAS, Gasrec Ltd., Biofrigas Sweden AB, Cryonorm BV, Scandinavian Biogas Fuels International AB, and EnviTec Biogas AG. The report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, and recent developments.

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The global biogas market has been segmented as follows:

Global Biogas Market: Application Analysis

  • Electricity & Heat
  • Vehicle Fuel
  • Others

Global Biogas Market: Regional Analysis

North America

  • U.S.
  • Canada


  • Germany
  • U.K.
  • France
  • Rest of Europe

Asia Pacific

  • China
  • South Korea
  • Rest of Asia Pacific

Rest of the World (RoW)

  • Brazil
  • Others

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About Us:

Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Source:Transparency Market Research