Research Nester released a report titled “Biodigester Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global biodigester market in terms of market segmentation by digester, by source of waste, by technology, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
According to the United States Environmental Protection Agency, there were 248 digesters operating on livestock farms in the United States as of January 2019.
Biodigesters are anaerobic digesters used to decompose organic waste and convert it into useful by-products such as biofertilizers and biogas. The market for biodigesters is projected to observe a CAGR of around 6% over the forecast period, i.e., 2020-2028. The market is segmented by digester, by source of waste, by technology, by application and by region, out of which, the source of waste segment is further segmented into agricultural waste, wastewater, residential waste, commercial waste, landfill and others. On the basis of these, the agricultural waste segment is anticipated to grow at the highest rate in the coming years which can be attributed to the rising use of biodigesters in rural areas and farms for management of agricultural waste.
On a regional basis, the biodigester market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The highest growth of the market is estimated to be observed in Asia Pacific as a result of large number of agricultural activities being carried out in the region, especially in countries such as China, India, Indonesia and Thailand, which are using biodigesters in these areas. Biodigester market in North America is anticipated to grow on account of rising implementation of biodigesters in countries such as U.S. and Canada.
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Rising Need for Effective Waste Management to Drive the Market Growth
The issue of high waste generation, especially on farms and agricultural lands, needs to be addressed in an efficient manner. This can be done through the deployment of biodigesters in these regions. The growing population further accelerates the amount of waste produced. These factors are estimated to result in the growth of biodigester market during the forecast period. Moreover, the growing advantages of using biogas technology are predicted to lead to the market growth as well. However, the inadequate technical expertise and the high initial cost of setting up a biodigester are some factors estimated to restrict the market growth in coming years.
This report also provides the existing competitive scenario of some of the key players of the global biodigester market which includes company profiling of HomeBiogas, Sistema.bio, PlanET Biogas USA Inc., DVO, Inc. (LON: DVO), Evoqua Water Technologies LLC, Regenis, Paques BV, OWS, CleanWorld and SEAB Power Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
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On the whole, the report depicts detailed overview of the global biodigester market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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