Global Biogas Market Report and Forecast 2024-2032

Global Biogas Market Outlook

The global biogas market size attained a value of approximately USD 69.37 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.40%, reaching a value of around USD 121.24 billion by 2032.

Increasing demand for energy at a global level, fuelled by rising population and growing industrialisation are surging the demand for biogas as more countries and industries switch to renewable energy. In comparison to other renewable energy sources, biogas offers an added benefit of utilising waste products while also generating energy, further expanding the biogas market. In addition, biogas generation is independent of weather and geographical factors, due to which it can be generated at any location and any time, offering greater flexibility to manufacturers. The storable and transportable nature of biogas also enhances its suitability for targeted applications, which is expected to support the growth of the market for biogas in the coming years.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Use Biogas Derivatives in Vehicle Fuel to Propel the Market Growth of Biogas

Based on application, the vehicle fuel segment is driving the biogas market growth. The transport sector accounts for a significant share of greenhouse gas emissions. The use of biogas after it is upgraded as biomethane, reduces harmful emissions and is also a way to manage the solid waste generated by growing populations. The use of biogas-derived biomethane as a fuel also reduces the dependence on fossil fuels and petroleum sources, thereby expanding the market for biogas. As a renewable energy source, biogas is readily available which is supporting the strong growth of the automobile sector.

The initiatives of various governments promoting biogas for cleaner and greener transportation are crucial trends in the market. Research to upgrade biogas production is anticipated to decrease biogas production costs for vehicle fuel, which is projected to aid the biogas market over the forecast period.

Market Segmentation

Biogas is a gaseous fuel that is a mixture of gases, primarily methane, hydrogen sulphide, and carbon dioxide. A renewable energy source, biogas is produced from the anaerobic digestion of organic matters such as agricultural waste, manure, municipal waste, and food waste, among others. Biogas is environment-friendly and is used in various applications, such as powering automobiles, electricity generation, and cooking fuel, among others.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The market for biogas, by feedstock, is divided into:

• Organic Residue and Wastes

• Breakup by Type

• Biowaste, Municipal, and Sewage

• Agricultural Waste

• Others

• Energy Crops

Based on application, the market is segmented into:

• Electricity Generation

• Heating

• Combine Heat and Power (CHP)

• Vehicle Fuel

• Others

The regional markets for biogas are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Increasing Demand for Renewable Energy Sources to Drive the Market Growth of Biogas

The increasing need for clean, non-polluting energy alternatives, such as biogas, to meet growing energy demands in an environmentally sustainable manner is a critical global biogas market trend. The expanding population and the rising solid waste generation are providing impetus to the market for biogas as it is a safer way to dispose of waste and keep surroundings clean. The high cost and non-availability of non-renewable energy sources, such as fossil fuels, are also significantly catalysing the market for biogas.

Biogas is an energy source with a determinate energy value, is easy to store, and can be used independent of location or geographical conditions, thereby bolstering the market. The initiatives of various governments in support of biogas production, such as subsidies for setting up biogas plants, are also contributing to the growth of the market for biogas. Efforts taken by market players in increasing the production of biogas and advancements in biogas production technologies are expected to augment the market over the forecast period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Players in the Global Biogas Market

The report gives a detailed analysis of the following key players in the global biogas market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Future Biogas Limited

• L’AIR LIQUIDE S.A.

• PlanET Biogastechnik GmbH

• EnviTec Biogas AG

• AB Holding S.p.a.

• Air Liquide S.A

• HomeBiogas Ltd.

• Scandinavian Biogas Fuels International AB

• TotalEnergies SE

• Gasum Ltd

• Agrinz Technologies GmbH

• Hitachi Zosen Inova AG

• Xebec Adsorption Inc.

• Nature Energy

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Biogas Market Report Snapshots

Biogas Market Size

Biogas Market Growth

Biogas Companies