Cumulative Revenue from Investment in Biogas Production Capacity Is Expected to Reach $25.8 Billion between 2015 and 2024, According to Navigant Research
By Business Wire News
By Business Wire News
A new report from Navigant Research examines the global biogas market, including policy issues and market drivers, with forecasts for capacity and revenue, segmented by feedstock source, end use, region, and selected country, through 2024.
Biogas power generation, which is widely used for onsite generation by industrial-scale facilities and distributed customers, enjoys favorable regulatory support in many markets and is expected to play a significant role in meeting expanding renewable energy targets. In addition, California’s Low Carbon Fuel Standard and the July 2014 U.S. Environmental Protection Agency (EPA) ruling promoting biogas as a cellulosic fuel provide the industry with a platform for expansion. Click to tweet: According to a new report from Navigant Research, global cumulative revenue from investment in biogas production capacity is expected to reach $25.8 billion between 2015 and 2024.
“The market’s ability to develop new business cases and opportunities is really key to its expansion,” says Roberto Rodriguez Labastida, senior research analyst with Navigant Research. “Because of the biogas industry’s natural fragmentation, significant efforts are expected to be necessary to find potential markets—either regional or for new end uses, like transportation—to reach a point in which all stakeholders are aligned.”
From a technical standpoint, breakthroughs in feedstock conversion rates and innovation around control systems is expected to be necessary to improve the competitiveness of biogas and unlock the potential of higher-cost resources, according to the report. While biogas feedstocks are available worldwide, logistical challenges make power and fuel generation from biogas viable in only a narrow set of circumstances where organic matter is available in large quantities and in continuous supply.
The report, Market Data: Renewable Natural Gas, analyzes the global biogas market, focusing on four feedstock sources: waste, industrial, agricultural, and sewage. Policy issues and market drivers are detailed for each region. Global market forecasts for capacity and revenue, segmented by feedstock source, end use (electricity, renewable natural gas injection, and transport), region, and selected country, extend through 2024. The report also includes a discussion of key inflection points to help shape the biogas market over the next several years. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is an independent specialized, global professional services firm that combines deep industry knowledge with technical expertise to enable companies to defend, protect and create value. With a focus on industries and clients facing transformational change and significant regulatory and legal issues, the Firm serves clients primarily in the healthcare, energy and financial services sectors which represent highly complex market and regulatory environments. Professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolutions services and business process management services. The Firm provides services to companies, legal counsel and governmental agencies. The business is organized in four reporting segments – Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare; and Energy. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Market Data: Renewable Natural Gas, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.