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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Biogas Market Size
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.
Biogas Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for biogas attained a value of approximately USD 69.37 billion.
The market is assessed to grow at a CAGR of 6.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 121.24 billion by 2032.
The major market drivers include the rising need to manage solid waste, utilisation of biogas in various applications, easy availability of biogas, and growing demand for sustainability.
The key market trends guiding the growth of the market include the increasing demand for renewable energy sources, initiatives of various governments, and advancements in biogas production technologies.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant feedstock in the market for biogas are organic residue and wastes and energy crops.
The various applications of biogas in the market include electricity generation, heating, combine heat and power (CHP), and vehicle fuel, among others.
The major players in the market are 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., and Nature Energy, among others.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124