September 21, 2020
As per the research report titled ‘North America Biogas Market Size By Substrate, Size, Technology, Process, Application, Industry Analysis Report, Region Outlook, Competitive Market Share & Forecast, 2019-2025’ available with Market Study Report, North America biogas market is anticipated to attain significant expansion during 2019-2025.
Rising environmental concerns pertaining to harmful gas emissions, easy availability of feedstock, and high inclination towards minimizing carbon emissions are bolstering the growth of North America biogas market.
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Moreover, increasing adoption of clean fuel for power generation along with stringent regulations regarding reduction of greenhouse gas (GHG) emissions are stimulating the overall market outlook.
Based on substrate, North America biogas market from the energy crop-based segment is expected to grow significantly through 2025. Factors such as affordability, minimal maintenance, high energy production, and easy availability of feedstock are impelling the product adoption, which in turn is boosting the growth of the segment.
With regards to size, the <500 kW segment is set to record substantial expansion over the analysis timeframe. Growing urban population, escalating adoption of the product in commercial establishments, increasing investments towards energy-efficient technologies, and inclination towards decentralization of power generation systems is fueling the segmental share.
Moving on to process type, the anaerobic digestion segment is projected to emerge as a major revenue generator for the North America biogas market over 2019-2025. Favorable government initiatives towards rural economic growth, growing awareness regarding conservation of agricultural land, energy independency, and improvement in quality of soil are propelling the expansion of the segment.
Elaborating on the country-level analysis, the report claims that Canada biogas market is estimated to witness significant growth through 2025, primarily due to supportive government initiatives which promote environmental conservation as well as efficient waste management.
The companies that define the competitive landscape of North America biogas market are Bio-En Power Inc., Krieg & Fischer Ingenieure GmbH, CH4 Biogas LLC, AB Holding S.P.A., PlanET Biogastechnik GmbH, Engie SA, Agrinz Technologies GmbH, Viessmann Group, and EnviTec Biogas AG.