Biogas Market
Growth Factors of Biogas Market
The biogas market size was valued at USD 48.74 billion in 2023, and the market is now projected to grow from USD 51.03 billion in 2024 to USD 78.32 billion by 2032, exhibiting a CAGR of 5.50% during the forecast period of 2024-2032.
The COVID-19 impacted the global biogas market and its major setbacks include the dumping of enormous amounts of oil and gas. Many key European countries and China was on regional lock-downs that impacted all residential, commercial, and industrial structures. Biogas projects around the world faced the challenges of inadequacies in components, raw materials, and human resource. However, it can be noted that working stopped in March 2020 due to the outbreak of the coronavirus.
The increased global concern towards environmental pollution is thus contributing positively towards the production of the biogas. Today’s governments globally are investing in renewable power, cutting carbon and greenhouse gases to reduce carbon emissions. For instance, in March 2021, CAD 508 562 was provided for the sustainable agriculture project that is funded through the Canadian Biogas Association. Biogas production decreases greenhouse gases as it collects methane from biodegradable waste, and agriculture residues as well as livestock manure for farmers extra income and proper disposal.
Abortively, countries are more devoted to the Paris Climate Change Agreement which has proposed higher uptake of renewable energy. It is apparent that the use of biogas as a cheap and renewable means of energy generation is important in the mitigation of greenhouse gas contribution towards fulfilment of the Kyoto Protocol. Therefore, most countries are earmarking adequate capital to finance biogas in efforts to achieve their climate change objectives besides developing better sustainable energy standards.
Comprehensive Analysis of Biogas Market
The biogas market growth is rising at an exponential rate due to its market segmentation. This market expansion correctly offers a detailed nearby assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by feedstock analysis, and by application analysis. By feedstock analysis include organic residue & wastes and energy crops. By application analysis include type electricity generation, heating, combined heat, and power (CHP), and others.
The Europe region lead the biogas market share by benefitting a market size of USD 23.84 billion in 2023 due to well-established infrastructure.
The top players have a significant responsibility in the power & energy industry for confirming industrial prospectus growth and determining the market trends. These players include, Future Biogas Limited, Air Liquide, PlanET Biogas Global GmbH, WELTEC BIOPOWER GmbH, Scandinavian Biogas Fuels International AB, EnviTec Biogas AG, Ameresco, Quantum Green, AB HOLDING SPA, RENERGON International AG, StormFisher these market players provide a level-playing competitive landscape.
In April 2020, Ductor announced the construction of three combined biofertilizer-biogas facilities in northern Poland, with two plants having a capacity of 0.5MW and the third 1MW.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historic Period 2019-2022
Unit Value (USD Billion) & Volume (Million Cubic Meters)
Growth Rate CAGR of 5.50% from 2024-2032
Segmentation By Feedstock
- Organic Residue & Wastes
- Biowaste, Municipal, Sewage
- Agricultural Waste
- Others
- Energy Crops
By Application
- Electricity Generation
- Heating
- Combine Heat & Power (CHP)
- Others
By Region
- North America
- By Feedstock
- By Application
- By Country
- US
- Canada
- Europe
- By Feedstock
- By Application
- By Country
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia Pacific
- By Feedstock
- By Application
- By Country
- China
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- By Feedstock
- By Application
- By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- By Feedstock
- By Application
- By Country
- GCC
- South Africa
- Rest of the Middle East & Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of COVID-19 on the Biogas Market
- 5. Global Biogas Market Analysis (USD Billion) (Million Cubic Meter), Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Feedstock
- 5.2.1. Organic Residue & Wastes
- 5.2.1.1. Biowaste, Municipal, Sewage
- 5.2.1.2. Agricultural Waste
- 5.2.1.3. Others
- 5.2.2. Energy Crops
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Electricity Generation
- 5.3.2. Heating
- 5.3.3. Combine Heat & Power
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Biogas Market Analysis (USD Billion) (Million Cubic Meter), Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Feedstock
- 6.2.1. Organic Residue & Wastes
- 6.2.1.1. Biowaste, Municipal, Sewage
- 6.2.1.2. Agricultural Waste
- 6.2.1.3. Others
- 6.2.2. Energy Crops
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Electricity Generation
- 6.3.2. Heating
- 6.3.3. Combine Heat & Power
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Biogas Market Analysis (USD Billion) (Million Cubic Meter), Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Feedstock
- 7.2.1. Organic Residue & Wastes
- 7.2.1.1. Biowaste, Municipal, Sewage
- 7.2.1.2. Agricultural Waste
- 7.2.1.3. Others
- 7.2.2. Energy Crops
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Electricity Generation
- 7.3.2. Heating
- 7.3.3. Combine Heat & Power
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. Germany
- 7.4.2. UK
- 7.4.3. Italy
- 7.4.4. France
- 7.4.5. Spain
- 7.4.6. Netherland
- 7.4.7. Rest of Europe
- 8. Asia Pacific Biogas Market Analysis (USD Billion) (Million Cubic Meter), Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Feedstock
- 8.2.1. Organic Residue & Wastes
- 8.2.1.1. Biowaste, Municipal, Sewage
- 8.2.1.2. Agricultural Waste
- 8.2.1.3. Others
- 8.2.2. Energy Crops
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Electricity Generation
- 8.3.2. Heating
- 8.3.3. Combine Heat & Power
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Southeast Asia
- 8.4.4. Australia
- 8.4.5. Rest of Asia Pacific
- 9. Latin America Biogas Market Analysis (USD Billion) (Million Cubic Meter), Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Feedstock
- 9.2.1. Organic Residue & Wastes
- 9.2.1.1. Biowaste, Municipal, Sewage
- 9.2.1.2. Agricultural Waste
- 9.2.1.3. Others
- 9.2.2. Energy Crops
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Electricity Generation
- 9.3.2. Heating
- 9.3.3. Combine Heat & Power
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 10. Middle East & Africa Biogas Market Analysis (USD Billion) (Million Cubic Meter), Insights and Forecast, 2019-2032
- 10.1. Market Analysis, Insights and Forecast – By Feedstock
- 10.1.1. Organic Residue & Wastes
- 10.1.1.1. Biowaste, Municipal, Sewage
- 10.1.1.2. Agricultural Waste
- 10.1.1.3. Others
- 10.1.2. Energy Crops
- 10.2. Market Analysis, Insights and Forecast – By Application
- 10.2.1. Electricity Generation
- 10.2.2. Heating
- 10.2.3. Combine Heat & Power
- 10.2.4. Others
- 10.3. Market Analysis, Insights and Forecast – By Country
- 10.3.1. GCC
- 10.3.2. South Africa
- 10.3.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2023
- 11.2. Company Profile
- 11.2.1. EnviTec Biogas AG
- 11.2.1.1. Business Overview
- 11.2.1.2. Product & Service Offering
- 11.2.1.3. Overall Revenue
- 11.2.1.4. Recent Development
- 11.2.2. Future Biogas Limited
- 11.2.2.1. Business Overview
- 11.2.2.2. Product & Service Offering
- 11.2.2.3. Overall Revenue
- 11.2.2.4. Recent Development
- 11.2.3. Air Liquide
- 11.2.3.1. Business Overview
- 11.2.3.2. Product & Service Offering
- 11.2.3.3. Overall Revenue
- 11.2.3.4. Recent Development
- 11.2.4. PlanET Biogas Global GmbH
- 11.2.4.1. Business Overview
- 11.2.4.2. Product & Service Offering
- 11.2.4.3. Overall Revenue
- 11.2.4.4. Recent Development
- 11.2.5. WELTEC BIOPOWER GmbH
- 11.2.5.1. Business Overview
- 11.2.5.2. Product & Service Offering
- 11.2.5.3. Overall Revenue
- 11.2.5.4. Recent Development
- 11.2.6. Scandinavian Biogas Fuels International AB
- 11.2.6.1. Business Overview
- 11.2.6.2. Product & Service Offering
- 11.2.6.3. Overall Revenue
- 11.2.6.4. Recent Development
- 11.2.7. Ameresco
- 11.2.7.1. Business Overview
- 11.2.7.2. Product & Service Offering
- 11.2.7.3. Overall Revenue
- 11.2.7.4. Recent Development
- 11.2.8. Quantum Green
- 11.2.8.1. Business Overview
- 11.2.8.2. Product & Service Offering
- 11.2.8.3. Overall Revenue
- 11.2.8.4. Recent Development
- 11.2.9. AB HOLDING SPA
- 11.2.9.1. Business Overview
- 11.2.9.2. Product & Service Offering
- 11.2.9.3. Overall Revenue
- 11.2.9.4. Recent Development
- 11.2.10. RENERGON International AG
- 11.2.10.1. Business Overview
- 11.2.10.2. Product & Service Offering
- 11.2.10.3. Overall Revenue
- 11.2.10.4. Recent Development
- 11.2.11. StormFisher
- 11.2.11.1. Business Overview
- 11.2.11.2. Product & Service Offering
- 11.2.11.3. Overall Revenue
- 11.2.11.4. Recent Development
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