Anaerobic Digester Market Anticipated to Reach US$150.5 mn by 2026 as Awareness of Eco-friendly Waste Disposal- QY Research, Inc.
Industry: Market Research
Global Anaerobic Digester Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application
Los Angeles, CA (PRUnderground) February 3rd, 2020
QY Research has presented an in-depth analysis of global anaerobic digester in its latest research report, titled, “Global Anaerobic Digester Market Research Report 2020”. The estimated market evaluation of global anaerobic market in 2020 is US$107.3 mn and is anticipated to reach US$150.5 mn by 2026, registering a CAGR of 4.9%.
The rapid rise in urbanisation has caused an increase in serious threat to the environment when it comes to waste disposal. Proper waste disposal is a must in today’s world, as it can cause significant damage to the environment. Many countries are trying to develop various methods to dispose the waste in an eco-friendly way and anaerobic digester is one of them. Anaerobic digestion is a process where organic substances such as animal waste, food waste, and crop residue etc are broken down in the absence of oxygen to produce bio fertilizers and biogas. This can be further used a soil conditioner. As the importance of waste disposal has increased vigorously, demand and sale for anaerobic digester has spiked, which, in turn, will boost the market.
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Rising Applications of Upflow Anaerobic Sludge Blanket (UASB) Digester to Boost Segment
The upflow anaerobic sludge blanket also known as UASB is a technology that is popularly used for wastewater treatment. UASB is utilized in various industries such as food, beverage, fermentation, paper, textile, landfill and chemical, and petrochemical industries. It is gaining popularity due its various advantages. For example, the amount of biogas produced during the process can be collected and used for other applications. Compared to other anaerobic digesters, UASB produces less bio-solid waste. Moreover, a lot less energy is required for the UASB treatment process and it can effectively handle organic shock loads. This has increased the demand for anaerobic digester in recent years.
Generation of Excessive Paper Waste to be Key End-user Industry
The paper industry is one of the largest and fastest growing industries in the world, leading to copious amount of waste generation. Paper waste can release toxic materials such as methane gas when it rots, which is more toxic than CO2. Hence, it is very important to treat paper waste properly and in efficient manner. Due to these reasons, the paper industry will have the highest demand for anaerobic digester and is expected to boost the market during forecast period.
North America to Drive Anaerobic Digester Market as the Region Leads in Sustainable Waste Management
North America has a better outlook in terms of waste management and has been paving the way for a while. The region has taken measures in developing better technologies for managing waste, which will in turn augment the anaerobic digester market further.
Global Anaerobic Digester Market Competitive Analysis
Amongst the top firms for anaerobic digester, Veolia is expected to drive the market as the firm focuses on developing waste management technologies and engaging in waste management projects. In late December, Veolia announced support for the Plastic Odyssey expedition that will set off in 2020 to turn the plastic pollution from the ocean to recyclable resources. The other players operating in the global anaerobic digester market are Paques, PURAC, Degremont, Bossco, Shandong Meiquan, GE Water & Process Technologies, ADI System, and Voith
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