Europe leads biogas plants market
World market for biogas plants is projected to reach US$8.9 billion by the year 2017. Growth will be primarily driven by volatile prices of gas and oil, increased government focus on renewable energy electricity production, beneficial legislations encouraging the production and utilization of biogas, stable supply of biogenic raw materials and shaper emphasis among farmers, professional energy suppliers and manufacturing companies to turn organic residues/wastes into value.
Europe dominates the world market, while India is poised to emerge into the fastest growing regional market, trailing a projected CAGR of 54.2% over the analysis period 2008 through 2017. The European debt crisis is posing some systemic concerns for the biogas industry as a result of fears over austerity measures likely to be initiated to counter the crisis. Amidst the ongoing political wrangling over debt ceiling in the debt ridden European economies, the financial future remains largely uncertain thus fuelling concerns over the continued availability of government and private funds for biogas plants. In other words, financing for clean-energy projects is dependent upon the heath of the banking system and given the European banks' high levels of exposure to sovereign debts of states, raising capital will likely become difficult and equally expensive. Given the yet evolving and developing nature of the biogas industry, continuous injection of funds is a necessity in developing biogas infrastructure. Adoption of this technology therefore requires ample flow of funds. This thereby makes the industry dependent on the financial health of the broader economy, which in turn dictates the government's willingness to support and subsidize renewable energy industries.
This report analyzes the worldwide markets for Biogas Plants in US$ Million. The report provides separate comprehensive analytics for the US, Japan, Europe, China, India, and Rest of World. Annual estimates and forecasts are provided for the period 2008 through 2017.
The report profiles 74 companies including many key and niche players such as 2G Bio-Energietechnik AG, BIOGAS NORD AG, BKN Biostorm AG, BTA International GmbH, EnviTec Biogas AG, DVO, Inc., HAASE Energietechnik AG, Organic Waste Systems NV, RCM Digesters, Inc., Schmack Biogas AG, STRABAG Umweltanlagen GmbH, and UTS Biogastechnik GmbH. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain. Global Industry Analysts ©