The Global Methane Digester/Methane Digester System Market size is forecast to reach $12.1 billion by 2027, growing at a CAGR of 6.2% from 2022 to 2027. Growing demand for renewable energy resources, rising energy costs and environmental benefits of using biogas such as reduced emission of greenhouse gases and indoor air pollutants are attributed to the market growth. Methane Digester/Methane Digester System is a part of anaerobic fermentation process and produces energy-rich biogas, serving a broad range of application areas including cooking, heating, electricity production and many others.
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Key Takeaways
•Organic waste is analysed to witness highest growth in the global Methane Digester/Methane Digester System Market during 2022-2027, due to the growing shift towards conversion of agricultural and industrial wastes into biogas, rather than landfilling.
•North America Methane Digester/Methane Digester System Market held the largest share in 2021, attributing to factors like growing demand for producing renewable energy from organic feedstock, favourable government initiatives to protect the natural resources and others.
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Methane Digester/Methane Digester System Market Segment Analysis – By Feedstock
By feedstock, Methane Digester/Methane Digester System Market has been segmented into organic waste, energy crop and others. Organic waste segment is analyzed to grow with the highest CAGR of 7.5% in the global Methane Digester/Methane Digester System Market during the forecast period 2022-2027. Rising utilization of feedstock with no commercial value, such as urban and industrial organic waste, sewage, manure, animal waste, and agricultural by-products is contributing towards the market growth of biogas system.
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Email: sales@industryarc.com