Modular Biogas Plant Market Recent Trends, Business Scenario, High Demand, Product, Share and Forecasts 2030
Modular Biogas Plant: Introduction
·
Biogas is produced from anaerobic
digestion of biodegradable organic matter or biomass. Modular biogas plant
provides electricity, heat, organic fertilizers, and CNG. Furthermore,
modular biogas plant has
the highest energy recovery among all types of biomass projects.
·
Modular biogas plant can be installed
in a remote location that lacks grid connectivity in order to provide
eco-friendly electricity and heat. Companies are increasingly investing in the
development of highly efficient modular biogas plants.
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Key Drivers of Global Modular Biogas Plant Market
·
Energy security has been a major
concern around the world since the last few years. Countries are focusing on
energy security due to the significant rise in demand for electricity. This
rise in demand for electricity can be ascribed to robust economic expansion,
population growth, increase in income of consumers, and discovery of new uses
of energy. Crude oil and coal are still the leading natural resources preferred
by power and automotive industries. However, countries can use modular biogas
plants as substitutes for crude oil and coal. This can help reduce the
dependence on crude oil and coal. Thus, increase in focus on enhancing energy
security is expected to drive the global modular biogas plant market.
·
Implementation of stringent rules and
regulations to minimize carbon emission and greenhouse gases is another key
factor driving the modular biogas plant market. This has encouraged companies
to focus on better, cleaner, and inexpensive fuel. Modular biogas plant is a
cleaner and cost-effective solution. Furthermore, biogas plant
helps in management of waste.
Key Players Operating in Global Modular Biogas Plant Market
·
Schmack Biogas Srl
·
SP ECO FUEL
·
Cleanergy Tech Solutions Pvt. Ltd.
·
Inwaster
·
WELTEC BIOPOWER GMBH
·
EnviTec Biogas AG
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Global Modular Biogas Plant Market: Segmentation
·
The global modular biogas plant
market can be segmented based on feedstock, capacity, and application
·
In terms of feedstock, the global
modular biogas plant market can be classified into organic residue, municipal
waste, and others. The municipal waste segment is expected to dominate the
global modular biogas plant market during the forecast period.
·
Based on capacity, the global modular
biogas plant market can be segregated into less than 500 tons, 500 tons - 1000
tons, 1000 tons - 1500 tons, and more than 1500 tons. Demand for modular biogas
plants is estimated to increase in the 1000 tons - 1500 tons segment due to
higher use in various end-user industries.
·
Based on application, the global
market can be classified into electricity generation, biofuel production, and
heat generation. The electricity generation segment is expected to lead the
market during the forecast period, as demand for electricity has been rising
exponentially across the world.
Global Modular Biogas Plant Market: Regional Segmentation
·
Based on region, the global modular
biogas plant market can be split into North America, Asia Pacific, Europe,
Latin America, and Middle East & Africa
·
North America dominated the global
modular biogas plant market in 2019. The region is expected to maintain its
dominance during the forecast period, owing to government regulations to lower
carbon emissions in the region.
·
The market in Asia Pacific and Europe
is likely to expand significantly during the forecast period owing to rapid
increase in investment in the manufacture of modular biogas plants in countries
such as China, India, Germany, and the U.K.
·
Latin America is estimated to be a
key region of the global modular biogas plant market in the near future.
Governments of Brazil and Mexico are promoting the use of modular biogas plants
for electricity generation. This is anticipated to propel the market in the
region during the forecast period.
·
The modular biogas plant market in
Middle East & Africa is anticipated to expand at a steady pace during the
forecast period. Rise in investments in the production of bio-based energy is
expected to drive the modular biogas plant market in the region in the near
future.
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COVID-19 Impact on Modular Biogas Plant Market
The COVID-19 pandemic has adversely
affected the global power industry. Demand for modular biogas plants was
hampered initially due to the lockdowns imposed by governments of various
countries. However, relaxation of the lockdowns in many countries is estimated
to boost the demand for modular biogas plants. Therefore, the global modular
biogas plant market is expect to recover in the near future.
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