Anaerobic digesters equipment market forecast to expand by 9.4% CAGR during 2013 to 2018
Waste-Derived Biogas: Global Markets for Anaerobic Digestion Equipment - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 14:58:02
The value of the global market for anaerobic digesters and landfill gas equipment is estimated at nearly $4.5 billion for 2013. The market is projected to reach $7 billion by 2018 growing at a compound annual growth rate (CAGR) of 9.4% over the five-year period from 2013 to 2018.
In the U.S. Energy Information Administration’s (EIA) International Energy Outlook 2013, total world consumption of marketed energy is predicted to increase by 56% between 2010 and 2040.
Renewable energy and nuclear power are the world´s fastest-growing energy sources, each increasing by 2.5% per year. In recent years, the world market for biogas plants and AD equipment has increased at a rate of 20% to 30% annually, depending on the country.
Renewable, sustainable energy generation is expected to be the fastest-growing energy sector over the next two decades. Price volatility, supply concerns and the environmental aspects of fossil fuels are expected to accelerate the pace of all nonfossil fuel development. Experts predict that the future price of oil will not drop below $80 per barrel, even for resources from unconventional oil reserves. Renewable domestic energy supplies are seen as a means of overcoming these problems. 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 need to responsibly dispose of mounting volumes of waste and the requirement to procure sustainable, secure energy supplies are two of the most important issues facing governments and industries around the globe. The production of energy from a number of waste streams (i.e., municipal and domestic sewage, industrial wastewater, landfills, livestock manure, and agricultural residues) is a process that addresses both of these challenges.
In the current waste-to-energy market, anaerobic digestion offers the most sustainable conversion process. Because the technology can be tailored to suit waste streams of all volumes, systems may be sized for use in households, commercial enterprises, utilities and industry.
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