Biogas Market Segment Forecasts Up to 2023

Transparency Market

Research

Biogas Market - Global Industry Analysis, Size, Share,

Growth Trends and Forecast 2015 - 2023

Published Date

03-Aug-2015

79 Page Report

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Press Release

Biogas Market Stood at 22,488.00 KTOE in 2014 and is projected

to Reach 39,845.58 KTOE at 6.56% Growth Rate

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Biogas Market

REPORT DESCRIPTION

Biogas Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023

The report defines and segments the biogas market, providing analysis and forecasts of the global

production. According to the report, the global biogas market stood at 22,488.00 KTOE in 2014 and is likely

to reach 39,845.58 KTOE by 2023, expanding at a CAGR of 6.56% between 2015 and 2023.

Browse Biogas Market Report with Full TOC at http://www.transparencymarketresearch.com/biogasmarket.html

The global biogas market has been segmented on the basis of application into electricity & heat, vehicle

fuel, and others. Biogas is a clean fuel and is gaining a significant market share in the global renewable

energy portfolio. Increasing greenhouse gas (GHG) emissions has augmented the adoption of clean fuels

across the globe. Various government incentives and subsidies have encouraged several companies to

invest in biogas infrastructure development. Electricity & heat was the largest application segment of the

global biogas market, accounting for more than 50% of the global share in 2014. Consumption of biogas

for electricity and heat was increased due to rising adoption of renewable energy sources for power

generation across the globe. However, the global biogas market growth is anticipated to be hampered by

high initial investments and installation costs. In 2014, others such as domestic use and supply to natural

gas...