Biogas Upgrading Market - Global Industry Size, Share, Trends, Analysis And Forecasts
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The global biogas upgrading market is expected to reach $338.5 million by the year 2016 at the compounded annual growth rate of 22%. Europe is the largest contributor to the growth of this market and ...
The global biogas upgrading market is expected to reach $338.5 million by the year 2016 at the compounded annual growth rate of 22%. Europe is the largest contributor to the growth of this market and it is expected to hold the market value of $250.5 million in 2016 with CAGR of 22%. Asia Pacific market is projected to reach $83.9 million at a CAGR of 22.8% by the year 2016. Renewable energy is expected to be one of the fastest growing energy sources in the near future.
The market for biogas generation is estimated to grow significantly due to its use in number of residential and industrial applications. Biogas offers better efficiency as compared to other renewable energy resources and it is even more cost effective. Currently, Asia leads in total number of biogas plants; however, majority of them are small scale plants serving single home or a community. Production of biogas is cost effective as feed required for its production is easily available.
Browse full report at: http://www.transparencymarketresearch.com/biogas-upgrading-market.html
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