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BioGas Generator Sets Market 2019Description: -
Biogas generator can be defined as a chemical system, which performs better by organically breaking down biological waste materials into gases like hydrogen and methane. The resultant gas gets combined with oxygen and finds wide-scale applications as fuel. With the depleting fossil fuel sources, people are now looking for alternative sources that can be used with great efficiency. The advantages of such a biogas power plant are a low fuel cost and a quick generator start. The global market for biogas generator sets is expected to witness strong growth with substantial traction from various end user industries where fuel plays a prominent role.
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Major Key Players
Caterpillar
GE
Kohler
Cummins
SLPM
JDEC
Zibo Diesel Engine
Shandong Lvhuan Power Equipment
Organic farming has become an effective method by neutralizing the greenhouse gas emission and can bolster the global demand for biogas, and therefore, a biogas generator set market can grow significantly. Methane is often considered to be one of the finest sources for biogas and it can be achieved through a process that lessens the adverse impact of it on the environment during the production of it. This would also influence the upshot of the biogas generator set market.
Reasons like fluctuating crude oil, a position as a better alternative for fossil fuels, growing imposition of stringent laws, demand from the transportation and power generation sectors, its inclusion in government facilities, and others are promoting the growth of the biogas generator set market. However, a possible hurdle is also present; the initial installation cost is quite high owing to which the market may steer out of the growth track. But several tailwinds like the ones mentioned before can ensure the growth.
Segmentation:
The global market for biogas generator set can be segmented into type and application. These segments have a high reliance on factors and are bolstered by volume-specific and value-wise data. It will assist players with better growth opportunities.
By type, the market for biogas generator sets can be segmented into Single-Fuel BioGas Generator Sets and Dual-Fuel BioGas Generator Sets.
By application, the biogas generator set can be segmented into the power industry, agriculture, and others.
Regional Analysis:
North America has a better set up to provide assistance to such a market. Increasing farming with a target to produce biogas is going to trigger the market growth. The market can witness better growth with growing demand from the power industry and stringent laws implemented in countries like the US and Canada. In Europe, the same market would gain from stringent laws and a drive to use bio-friendly fuel sources. The agrarian societies of the Asia Pacific region are opening up to this new possibility and governments have realized the potential of biogas, which are positive influencers for the regional market for biogas generator set.
Industry News:
In November 2019, Rolls-Royce announced that they have partnered with a company named 2G Energy to develop gas-powered Genset that the former would use with biogas. The models would be of the 250 to 550 kW power range that would come with options covering both with and without heat extraction.
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Table of Contents – Major Key Points
1 Industry Overview of BioGas Generator Sets
2 Manufacturing Cost Structure Analysis
3 Development and Manufacturing Plants Analysis of BioGas Generator Sets
4 Key Figures of Major Manufacturers
5 BioGas Generator Sets Regional Market Analysis
6 BioGas Generator Sets Segment Market Analysis (by Type)
7 BioGas Generator Sets Segment Market Analysis (by Application)
8 BioGas Generator Sets Major Manufacturers Analysis
Continued….
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