Tag: Municipal

Biogas Market Size Worth $78.3 Billion By 2027

The global biogas market size is anticipated to reach USD 78.3 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.48% during the forecast period. Increasing global demand for renewable energy coupled with environment friendly emission levels along with the rising demand for electricity generated from biogas plants will drive the market.

The industrial segment is anticipated to witness growth on account of surging demand for waste treatment techniques that will further enhance the industry outlook. Initiatives taken by the government will be a strong driving factor for the market growth. Extensive presentation for strict environmental laws to restrain greenhouse gas emissions will keenly promote the use of biogas across various segments.

Preference for cleaner and greener fuel to generate electricity led various countries to adopt biogas as a fuel and further utilize biogas for mass production. Agricultural waste is subjected to hold the major share across the regions.

Asia Pacific is projected to observe robust growth during the forecast period, on account of rising acceptance of renewable energy sources coupled with rising demand to generate electricity with reduced carbon emission levels. In China, there are significant potential to expand biogas production as biogas produced by the centralized plants in China, transport gas using pipeline to the household areas for cooking purpose.

U.K., France, Germany, China, Japan, and India are some of the prominent countries in Europe and Asia Pacific market for biogas. In North America, U.S. is projected to hold maximum market share owing to the suitable government policies and rapid advancements in application segment. Central and South American countries like Brazil and Argentina are anticipated to witness a substantial growth opportunities to boost the growth of biogas market in the forthcoming years.

Few of the noticeable players operating in market are PlanET Biogas Global GmbH; Scandinavian Biogas; Ameresco, Inc.; Biofrigas Sweden AB; EnviTec Biogas AG; Air Liquide; and Wärtsilä.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/biogas-market

Further key findings from the report suggest:

  • Asia Pacific is projected to expand at a substantial CAGR throughout the forecast period with China accounting for the maximum regional market share
  • In terms of source, agriculture segment was valued at over USD 1.8 billion till 2019
  • Some of the significant market participants include Beijing Sanyi Green Energy Development Co., Ltd., Agrinz Technologies GmbH, Quadrogen, Biofuel USA Corporation, and SP Renewable Energy Sources Pvt. Ltd.

Waste Recycling Services Market Size Worth $80.30 Billion By 2027

The global waste recycling services market size is projected to reach USD 80.30 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% from 2020 to 2027. Rising awareness regarding proper disposal of waste to safeguard the environment and human health has resulted in the emergence of various disposal methods and techniques.

Growth in the urban population and rising disposable incomes are expected to promote the growth of the housing sector at the domestic level across the globe. As a result, improvement in the housing industry is expected to increase the penetration of these recycling services in the residential sector, which, in turn, is likely to boost the market growth over the forecast period.

Rising investments in various industries and stringent regulations pertaining to discharges from these industries are some of the key factors driving the demand for waste recycling services in the industrial applications across the globe. In addition, growing demand for agro-based products and organic foods is expected to stimulate the product demand over the forecast period.

Governments around the world are adopting the public-private partnership (PPP) model to match the operational expertise provided by the private sector. Government-led initiatives are anticipated to boost the market growth, which, in turn, is expected to generate increased demand for these services over the coming years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/waste-recycling-services-market

Further key findings from the report suggest:

  • In terms of product, the plastic recycling is projected to expand at the fastest CAGR of 7.1% from 2020 to 2027 owing to several initiatives taken by environmentalists, governments, and non-profit organizations to reduce plastic waste across the globe
  • By product, the electronic waste accounted for 16.7% share of the overall revenue in 2019 as manufacturers are focusing on recycling, disposing, and reusing to ensure a sustainable future both in developed and developing economies
  • By application, the municipal segment held the largest share of 60.2% in 2019 owing to rising investment in waste recycling services in the municipal sectors of developing economies, including India, Turkey, China, Bangladesh, and Thailand
  • Asia Pacific is projected to witness robust growth over the forecast period due to rapid industrialization, increasing population, and economic growth, resulting in increased waste generation over the coming years
  • The market has been witnessing key developments by the key players in terms of technological advancements and sustainability in order to save the operational cost and increase the profit margins.