Solar Bio-gas Hybrid Power System Industry - Regional Synopsis
APAC Market Forecast
The solar bio-gas hybrid power system market in the Asia Pacific industry is set to hold largest revenue share of 33% by 2037. The Asia Pacific region continues to experience constant development and biomass is a major source of energy for its people. To address the intermittent nature of renewable energy in this region, various methods are currently being developed for providing a continuous power supply from renewables such as large utility-sized battery storage or hybrid facilities. The Asia Pacific region is home to some of the fastest-growing economies in the world, and this leading to increasing demand for electricity. Solar bio-gas hybrid power systems can provide a reliable and sustainable source of electricity to meet this demand. In the Asia Pacific region, primary energy consumption was 277.6 terajoules in 2022, which represents an increase of around 2.1 % compared to last year. The number of units increased by almost 165 exajoules over the period considered, reaching a consumption peak in 2022.
European Market Statistics
The solar bio-gas hybrid power system market in the North American region is predicted to hold a substantial revenue share by the end of 2037. The market value of solar-biogas hybrid power generation systems in Europe is set to increase during the forecast period due to certain government regulations to reduce carbon emissions to achieve the goals set by the Paris Agreement for the next 30 years. It is expected to continue to increase further in the future. This is expected to boost the market growth of solar bio-gas hybrid power systems in the Europe region during the projected period.
