Global Agricultural Waste To Energy Market Size To Grow At A CAGR Of 6.2% In The Forecast Period Of 2023-2028
The ‘Global Agricultural Waste to Energy Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global agricultural waste to energy market, assessing the market on the basis of its segments like types, end products, applications, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Agricultural Waste to Energy Market Size, Share, Trends, Industry, Key Player, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.2%
The potential benefits of waste to energy combined with an increase in the number of policies by various governments promoting waste to energy development over the forecast period are the major factors driving the global agricultural waste to energy market. The prices of oil and gas are rising, and so is the need for energy. Governments are taking a number of steps to reuse, recycle, and turn waste into energy. For effective waste management in underdeveloped nations, cutting-edge waste to energy plants are being created.
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The agricultural waste to energy market is further anticipated to be driven by a rise in investments in renewable energy, programmes and policies by various governments, and increased attention on reducing global dependence on coal and other fossil fuels by various governments. Around the world, a number of new waste to energy plants are being built. Countries including China, India, the United States, and those in the European Union have implemented feed-in tariffs, tax credits, and capital subsidies for agriculture waste to energy production.
Additionally, a number of companies are working to create technology that will primarily use agricultural waste and residue as fuel. Such programmes would aid in environmental clean-up and assist farmers in creating new sources of revenue, thereby aiding the agricultural waste to energy market growth.
Agricultural Waste to Energy Industry Definition and Major Segments
Waste to energy (WTE) is a process that turns waste into energy, reducing reliance on fossil fuels like coal for energy production. Agricultural waste is anything that comes entirely from agricultural operations—growing crops or raising livestock with the intention of making a profit or supporting one’s livelihood—and is either unwanted or unsalable. The process of turning agricultural waste into energy is referred to as agricultural waste to energy.
Based on type, the market can be categorised into:
• Solid
• Semi-Solid
• Liquid
On the basis of end product, the market is segmented into:
• Biogas
• Biofuel
• Others
By application, the market is divided into:
• Electricity
• Heat
• Others
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East andAfrica
Agricultural Waste to Energy Market Trends
Using agricultural waste as fuel enables the creation of dependable, clean energy while reducing dependency on fossil fuels, thereby reducing greenhouse gas emissions. As a result, numerous societal and economic advantages of waste to energy are anticipated to drive the agricultural waste to energy market during the course of the projected period.
Agricultural wastes have a disposal cost, therefore the ‘waste-to-energy’ conversion process for generating power and heat as well as producing transport fuel offers great economic and market potential. These are widely used in nations including Denmark, Sweden, the United States, the Netherlands, Austria, Canada, and Finland. This is especially the case in rural community applications. These factors are likely to boost the global agricultural waste to energy market. Governments and other organisations are making significant efforts to manage leftover agricultural biomass and turn it into resources.
Technological advancements have made it possible to utilise biomass as a viable fuel source. As a result, biomass, which was formerly burned as waste on agricultural fields, has increased in value and contributed to the increased revenue of farmers. Nowadays, agricultural waste is gathered and used as fuel to create energy. Such advances will likely increase the market for agricultural waste to energy globally.
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Key Market Players
The major players in the global agricultural waste to energy market report are:
• Ameresco, Inc
• EvoEnergy Limited
• Green Elephant GmbH
• Fulcrum BioEnergy, Inc.
• SynTech Bioenergy, LLC
• Anaergia Inc.
• Woodland Biofuels Inc.
• Inventure Renewables, Inc.
• Khepra Incorporated
• Wastefuel
• Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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