Cumulative Revenue from Investment in Biogas Production Capacity Is Expected to Reach $25.8 Billion between 2015 and 2024, According to Navigant Research
Innovation in feedstock conversion rates and controls systems is
expected to be necessary to improve the competitiveness of biogas,
report finds
A new report from Navigant
Research examines the global biogas market, including policy issues
and market drivers, with forecasts for capacity and revenue, segmented
by feedstock source, end use, region, and selected country, through 2024.
Biogas power generation, which is widely used for onsite generation by
industrial-scale facilities and distributed customers, enjoys favorable
regulatory support in many markets and is expected to play a significant
role in meeting expanding renewable energy targets. In addition,
California’s Low Carbon Fuel Standard and the July 2014 U.S.
Environmental Protection Agency (EPA) ruling promoting biogas as a
cellulosic fuel provide the industry with a platform for expansion. Click
to tweet: According to a new report from Navigant Research, global
cumulative revenue from investment in biogas production capacity is
expected to reach $25.8 billion between 2015 and 2024.
“The market’s ability to develop new business cases and opportunities is
really key to its expansion,” says Roberto Rodriguez Labastida, senior
research analyst with Navigant Research. “Because of the biogas
industry’s natural fragmentation, significant efforts are expected to be
necessary to find potential markets—either regional or for new end uses,
like transportation—to reach a point in which all stakeholders are
aligned.”
From a technical standpoint, breakthroughs in feedstock conversion rates
and innovation around control systems is expected to be necessary to
improve the competitiveness of biogas and unlock the potential of
higher-cost resources, according to the report. While biogas feedstocks
are available worldwide, logistical challenges make power and fuel
generation from biogas viable in only a narrow set of circumstances
where organic matter is available in large quantities and in continuous
supply.
The report, Market
Data: Renewable Natural Gas, analyzes the global biogas market,
focusing on four feedstock sources: waste, industrial, agricultural, and
sewage. Policy issues and market drivers are detailed for each region.
Global market forecasts for capacity and revenue, segmented by feedstock
source, end use (electricity, renewable natural gas injection, and
transport), region, and selected country, extend through 2024. The
report also includes a discussion of key inflection points to help shape
the biogas market over the next several years. An Executive Summary of
the report is available for free download on the Navigant
Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings
sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is an independent specialized, global
professional services firm that combines deep industry knowledge with
technical expertise to enable companies to defend, protect and create
value. With a focus on industries and clients facing transformational
change and significant regulatory and legal issues, the Firm serves
clients primarily in the healthcare, energy and financial services
sectors which represent highly complex market and regulatory
environments. Professional service offerings include strategic,
financial, operational, technology, risk management, compliance,
investigative solutions, dispute resolutions services and business
process management services. The Firm provides services to companies,
legal counsel and governmental agencies. The business is organized in
four reporting segments – Disputes, Investigations & Economics;
Financial, Risk & Compliance; Healthcare; and Energy. More information
about Navigant can be found at navigant.com.
* The information contained in this press release concerning the
report, Market Data: Renewable Natural Gas, is a summary and
reflects Navigant Research’s current expectations based on market data
and trend analysis. Market predictions and expectations are inherently
uncertain and actual results may differ materially from those contained
in this press release or the report. Please refer to the full report for
a complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151013005008/en/
Copyright Business Wire 2015