Biogas Market Forecast, Trends Report To 2022: Grand View Research, Inc.

Growing biogas demand among industrial processors, municipalities, and farmers to meet required energy demand is expected to fuel the market growth over the next seven years. Depleting oil reserves coupled with uncertainty in crude oil prices is further anticipated to drive biogas market over the forecast period. Shift in trend towards usage of renewable energy sources as an alternative to conventional resources is anticipated to further strengthen the global market growth. Increasing consumer awareness regarding environmental issues and greenhouse gases is anticipated to have a positive impact on biogas market over the foreseeable period. Government regulations and policies favoring renewable energy generation are expected to further complement the global market growth over the next seven years. Increasing biogas market penetration in cogeneration and transportation applications is anticipated to fuel biogas demand over the foreseeable future.
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