New data from Transparency Market Research indicates that more than 30,000 new biogas plants could be constructed by 2022. By that year, there could be nearly 87,000 biogas plants operating around the world, up from slightly more than 56,500 at the end of 2016.
Transparency Market Research (TMR) says government funding and private investors are beginning to recognize the opportunities available from biogas and are putting behind the technology.
“The massive scope of fuel generation held by the global biogas plant market, coupled with the growing concerns over fossil fuel-based emissions and the growing landfill problems, have put the players in this market at a unique position where they are getting high levels of financial aid. This currently is the leading factor driving the global biogas plant market,” says the company.
Biogas Plant Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 - 2022 notes that waste separation is one of the key problems facing the biogas market. It says there is a gross lack of implementation of processes meant to create segregated piles of waste, which is the foremost criteria required for any waste type to be reused or recycled, and the global biogas plant market is no exception to this rule. The global biogas plant market is in a position to show a booming expansion rate in terms of infrastructure and output volumes, but is severely hindered by the lack of waste segregation policies and systems, especially in emerging economies.
"Despite the problem of lack of waste separation, the sheer volume of waste being produced around the world regularly is enough of a force to continue creating opportunities in the global biogas plant market over the coming years. The overall positive nature in which the global biogas plant market can be expanded on is giving players several opportunities to expand their horizons within the market and look towards a brighter, cleaner future," adds TMR.