Anaerobic Digestor Market to Reach $7 bn
BCC Research reports the global market for anaerobic digestors and landfill gas equipment was estimated at nearly $4.5 billion for 2013. Its study, Waste-Derived Biogas: Global Markets for Anaerobic Digestion Equipment, projects the market to grow to $7 billion by 2018, and register a five-year compound annual growth rate of 9.4 percent 2013 to 2018.
Renewable, sustainable energy generation is expected to be the fastest-growing energy sector over the next two decades, and domestic energy supplies are seen as a means of overcoming the problem of persistently high oil prices. Biogas, a clean fuel derived primarily from waste materials, is an important alternative to conventional fossil energy. Governmental regulations and environmental concerns will drive significant near-term growth in this market.
The report includes the market for biogas to energy for four different feed sources: municipal and domestic sewage, industrial wastewater, landfill gas, and agricultural wastes, a category that includes animal manures and crop residues.
The biogas market also is broken down by end use: municipal power generation, on-site heat and power production, and transportation applications.
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