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Aug 29, 2022, 07:30 ET
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WILMINGTON, Del., Aug. 29, 2022 /PRNewswire/ — By 2030, it is expected that the value of global biogas market would be clocked at more than US$ 10.6 Bn. Demand analysis of biogas market anticipate the market to expand at CAGR of 9% during the forecast period, from 2020 to 2030. The forecast timeframe is likely to observe growth in the global biogas market due to increasing use of biogas in the power supply as well as automotive industries.
In order to reduce the price of biogas, businesses across the globe have recently made large investments in R&D. In recent years, technical developments have led to a fall in the price of biogas. In the foreseeable future, it is predicted to fall even further. In the forthcoming years, it is anticipated that this drop in biogas prices is expected to drive sales of biogas market in the years to come.
In developing nations, where a sizable proportion of the population still uses conventional firewood for household reasons like cooking fuel, biogas production firms are opening up significant development potential. Gandaki Urja Pvt. Ltd., a biogas factory in Nepal, is becoming well known for providing compressed biogas to consumers in Pokhra.
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Key Findings of Market Report
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Global Biogas Market: Growth Drivers
Global Biogas Market: Key Players
Some of the key market players are
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Global Biogas Market: Segmentation
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End Use
Regional Analysis
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