BioGas Industry Growth -- *Pyro Green GasSome Research - few Articles::
* Additional Biz & Rev$ by Pyro GreenGas overlooked here on SH !
Global Biogas Plants Market to Reach $8.5 Billion by 2030 The global market for Biogas Plants estimated at US$4.9 Billion in the year 2022, is projected to reach a revised size of US$8.5 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR. https://finance.yahoo.com/news/global-biogas-plants-strategic-business-072300313.html
The industry is expected to witness growth due to increasing product demand from various application segments,
including heat, electricity, upgraded biogas, vehicle fuel, and cooking gas. Moreover, a shift in focus toward the use of renewable energy, particularly in the electric power sector, has significantly driven biogas demand in electricity applications.
Also, the rising need to reduce dependency on fossil fuels is creating lucrative opportunities for biogas in vehicle fuel applications. https://www.grandviewresearch.com/industry-analysis/biogas-market Conversion of Waste into Renewable Energy to Drive Market Therefore, extensive waste treatment facilities are required. Biogas is produced from a wide range of organic matters. Hence, this gas system turns the waste management issue into a revenue opportunity.
High Demand for Upgraded Biogas Will Augment Market Growth
The shortage of conventional fossil fuel coupled with environmental degradation is one of the major global problems. The use of renewable energy is expected to help overcome these problems. This gas plays a crucial role in forming a sustainable society and reducing dependency on oil.
https://www.fortunebusinessinsights.com/industry-reports/biogas-market-100910