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Global biogas market forecast to reach USD 33bn by 2022

6/21/2012

The world's biogas market will almost double by 2022, growing to USD 33.1 billion (EUR 26.1bn) from an estimated level of USD 17.3 billion in 2011, Pike Research forecasts. Given rising demand for waste treatment technologies from farmers, municipalities and industrial processors, as well as increasing opportunities for renewable natural gas to be used in transportation and cogeneration, the biogas sector is set to see steady growth in the next 10 years. The relatively mature biogas market in Germany moves closer to saturation, and companies are looking to take advantage of opportunities in Europe, the Americas, and Asia Pacific. According to Pike Research, the production capacity currently installed worldwide stands at over 800 billion cu ft (22.7bn cu m) per year. That represents almost 14.5 GW of distributed and grid-scale renewable generation capacity.

Source: Pikeresearch.com

 
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