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 October 6, 2015 - 9:44 AM EDT
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Biogas Market to Reach 39,845.58 KTOE by 2023, Boosted by Demand for Biogas from Europe: Transparency Market Research

The new report published by Transparency Market Research, ‘Biogas Market (By Application - Electricity & Heat, Vehicle Fuel, and Others) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023’, studies the global biogas market. Demand for biogas from Europe will propel the global biogas market at a 6.56% CAGR during the forecast period. The global biogas market was valued at 22,488.00 KTOE in 2014 and it is expected to reach 39,845.58 KTOE by 2023.

The global biogas market is segmented on the basis of geography and applications. By geography, the global biogas market is segmented into Europe, Asia Pacific, North America, and Rest of the World. The global biogas market was dominated by Europe in 2014, followed by Asia Pacific. In terms of volume, the Europe biogas market was the biggest regional segment in 2014 with a 60% market share. The Asia Pacific biogas market is positioned to develop fast during the forecast period.

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By application, the global biogas market is segmented into vehicle fuel, electricity and heat, and others. The electricity and heat segment was titled as the leading segment in 2014 with a 50% share in the global market. Emerging markets from across the globe have adopted the changing trends in renewable sources of energy, which has augmented the demand for biogas in various applications.

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Due to it being a clean fuel, biogas has gained a momentous share in the global energy scenario. Consumption of biogas is expected to grow in the coming few years. Rising GHG emissions, increase in the number of natural gas vehicles, and development of several new biogas plants have allowed the global biogas market to grow rapidly.

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About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Transparency Market Research
Mr. Nachiket Ghumare, +1-518-618-1030
USA-Canada Toll Free: 866-552-3453

Source: Business Wire (October 6, 2015 - 9:44 AM EDT)

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