Green house gas emission and depleting fossil fuel reserves are the major factors propelling the growth of global biogas plant market. Moreover, favouarable government initiative along with supportive policies such as guaranteed access to power grids, financial subsidies and the training programs for workforce further certain the development and growth of biogas plants market. Global biogas plant market is augmented to grow at a CAGR of 5.3% over the forecast period i.e. 2016-2024. The global biogas plant market is accounted for USD 26.4 billion in 2015 and anticipated to reach USD 49.7 billion by 2024. Asia-Pacific region dominates the global biogas plant market in 2016 with 38% market share closely followed by Europe with 30% market share. Asia-Pacific biogas plant market is estimated to grow at a moderate CAGR of 5.2% during the forecast period. China biogas plant market is estimated to expand swiftly at a compound annual growth rate of 7.3% over the forecast period.
