According to TMR, the Global Anaerobic Digestion Market is accounted for $6.45 billion in 2017 and is expected to reach $16.09 billion by 2026 growing at a CAGR of 10.7% during the forecast period. Some of the key factors influencing the market are raising focus toward sustainable energy coupled with measures to reduce greenhouse gas emissions. However, high cost of investment in large tanks and other process vessels are hampering the market growth.
Anaerobic digestion is a process in which microorganisms break down biodegradable material in the absence of oxygen. It is an Eco-Friendly method at which increasing waste levels are posing a bigger threat to the developing world, disposal of waste and is a big roadblock causes pollution and damage to the environment. Government is taking necessary actions regarding this pollution and proposed anaerobic digestion.
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Based on Application, Chemical Industry segment is expected to grow at a significant rate during the forecast period. The chemical industry comprises the companies that produce industrial chemicals. Central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, and minerals) into more than 70,000 different products.
By Geography, North America is going to have a lucrative demand of the global anaerobic digestion market during the forecast period, with the U.S. leading the market in the region.
Some of the key players in Global Anaerobic Digestion market are ADNAMS PLC, AAT Abwasser-und Abfalltechnik GmbH., Clarke Energy, EnviTec Biogas AG, Northern Biogas, SP Renewable Energy Sources Pvt. Ltd. and WELTEC BIOPOWER GMBH.
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Source of Feedstock Covered:
• Other Source of Feedstock
• Expanded Granular Sludge Bed Digestion (EGSB)
• Internal Circulation Reactor (IC reactor)
• Upflow Anaerobic Sludge Blanket (UASB)
• Other Types
• Chemical Industry
• Food and Beverage Industry
• Paper Industry
• Other Applications
End Users Covered:
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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