Biogas Plant Market: Key Trends and Opportunities | Straits Research
Biogas is an environmentally benign and long-term energy source. The gas produced by bio digestion is known as biogas. Bio digested gas is non-polluting; in fact, it reduces greenhouse gas emissions. Because there is no combustion in the process, no greenhouse gases are released; hence, using gas from trash as an energy source is an effective strategy to prevent global warming. Biogas is mostly composed of methane and carbon dioxide, with trace amounts of water and other gases present. Organic matter decomposes in the absence of oxygen, producing biogas. Biogas is produced using techniques such as anaerobic digestion and landfilling. The majority of biogas is composed of methane and carbon dioxide.
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The global biogas plant market was valued at USD 62.05 billion in 2017, with a CAGR of 4.45% predicted during the forecast period.