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Biogas Market Size - By Source (Industrial, Agricultural, Municipal), By Application (Vehicle Fuel, Electricity, Upgraded Biogas, Heat, Cooking Gas), By Feedstock (Sewage Sludge, Organic Residue & Wastes, Energy Crops), By Technology (With Pre-hydrolysis, Without Pre-hydrolysis) and By Region: Global Forecast, 2024 – 2033

  • PUBLISHED ON
  • 2023-12-21
  • NO OF PAGES
  • 213
  • CATEGORY
  • Energy & Power

Market Overview

Biogas Market Size is predicted to develop at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2033, when it is projected to reach USD 86.74 billion, based on an average growth pattern. The market is estimated to reach a value of USD 59.64 billion in 2024.

 

SOURCE: We Market Research

Biogas is produced from organic materials including sewage, manure, agricultural waste, and food scraps by a process called anaerobic digestion. Biogas is a renewable energy source. As organic matter is broken down by microorganisms in an oxygen-free environment, carbon dioxide and methane gas are generated as byproducts. Methane, the primary component of biogas, can be separated, cleaned, and used as a clean-burning fuel for heating, cooking, generating power, and even vehicle fuel. Biogas helps manage biological waste, reduces reliance on fossil fuels, and lessens environmental contamination in addition to providing a sustainable energy alternative.

The biogas market is being driven by a few key factors. Environmental concerns and the demand for sustainable energy sources are driving its expansion, as biogas offers a renewable alternative to fossil fuels that reduces greenhouse gas emissions and combats climate change. Government regulations and incentives that promote the expansion of renewable energy further stimulate the market. Additionally, when waste management challenges get more severe, organic waste is converted into biogas, which provides energy and solves the problem of disposing of trash. Technology advancements in biogas utilization and purification methods also contribute to the market's evolution by raising the fuel's affordability and efficiency.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 59.64 billion

Market Forecast in 2033

USD 86.74 billion

CAGR % 2024-2033

4.9%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Source, By Application, By Feedstock, By Technology and By Region

Growth Drivers

Supportive government policies, incentives, and regulations promoting the use of renewable energy sources, including biogas, drive market growth.

Growing awareness and concerns about climate change and environmental sustainability drive interest in clean and renewable energy sources like biogas.

Ongoing advancements in biogas production technologies, such as anaerobic digestion and gasification, enhance efficiency and reduce costs.

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Biogas Industry: Drivers & Restrains

Market Drivers

Increasing awareness of renewable energy sources - The market for biogas is being driven by consumer demand for renewable energy options due to increased awareness of the harmful environmental effects of conventional energy sources. Growing numbers of towns, companies, and governments are turning to biogas as an environmentally sustainable substitute. This is due to the fact that it assists with waste management difficulties in addition to producing clean electricity. This raised awareness motivates investments in renewable energy, which in turn promotes innovation and infrastructure growth in the biogas sector. Biogas is becoming more widely acknowledged as a feasible renewable energy source as people search for more ecologically friendly ways to live, which is driving the market's growth and adoption.

Waste management and energy production - The biogas market is driven by a combination of energy production and waste management requirements. A dual-use solution is provided by biogas technology, which produces renewable energy while effectively processing organic waste from a variety of sources, including municipal, agricultural, and food production. This synergy produces a sustainable energy source and reduces environmental pollution through efficient trash disposal, addressing two pressing issues at the same time. The appeal of turning trash into a useful energy source is driving innovation, investment, and infrastructure development in the biogas industry as waste quantities rise globally. This will help the industry grow and maintain its significance in the renewable energy environment.

Market Restrains

Gas Infrastructure and Distribution Challenges - The market for biogas is severely restricted by the complexity of gas distribution and infrastructure. Variations in gas composition and quality present challenges for integrating biogas into current gas networks. Infrastructure upgrades to handle biogas might need large financial outlays. Furthermore, there are significant financial and logistical obstacles involved in growing distribution networks to reach customers. The requirement for specialized storage and transportation infrastructure adds to the difficulty of mass adoption. In order to build a strong, integrated infrastructure that can handle biogas, overcoming these obstacles will require significant funding, cooperation from stakeholders, and regulatory support. This will impede biogas's immediate scalability and market penetration.

Biogas Segmentation

Market- By Source Analysis

By Source, the Biogas Market is Categories into Industrial, Agricultural, Municipal. The Municipal segment accounts for the largest share of around 44% in 2022.


Biogas is mostly produced from municipal trash. Newspapers, apparel, furniture, bottles, cans, food, and appliances are among the items found in municipal waste. Garbage is another name for municipal trash, which is gathered from every single person in every community. The manufacture of biogas is done using a variety of garbage. The sector is expanding because municipal garbage is widely available.

The following segments are part of an in-depth analysis of the global Biogas market:

Market Segments

 

By Application

·         Vehicle Fuel

·         Electricity

·         Upgraded Biogas

·         Heat

·         Cooking Gas

By Feedstock

·         Sewage Sludge

·         Organic Residue & Wastes

·         Energy Crops

By Technology

·         With Pre-hydrolysis

·         Without Pre-hydrolysis

Biogas Industry: Regional Analysis

Europe Market Forecast

Europe dominate the Biogas Market with the highest revenue generating market with share of more than 46%. Government incentives and strict environmental rules are driving the adoption of biogas across Europe. Strong policies supporting renewable energy have put nations like Sweden and Germany in the forefront. The business in this area is additionally supported by a strong infrastructure for agricultural activities and waste management.

North America Market Statistics

North America is the second-largest market for Biogas. In North America, a number of factors affect the biogas market. In the US, state-level incentives and federal tax credits both promote market expansion as public awareness of renewable energy sources rises. The presence of a well-established agricultural sector and the growing focus on sustainable waste management practices also make significant contributions.

Asia Pacific Market Forecasts

Asia Pacific is expected to be the fastest-growing market for Biogas during the forecast period. Asia-Pacific's biogas market is primarily driven by the region's rapid industrialization, growing energy consumption, and population growth. Biogas is being considered by an increasing number of countries, such as China and India, as a sustainable solution to their pressing waste management and pollution issues. Progress in the industry is largely driven by government policies and efforts that support sustainable energy sources.

Key Market Players

The Biogas Market is dominated by a few large companies, such as

·         Biogas Fuels International AB

·         Air Liquide

·         Schmack Biogas Service

·         Gasum Oy

·         Agrinz Technologies GmbH

·         DMT International

·         PlanET Biogas

·         Total Energies

·         HomeBiogas Inc.

·         Xebec Adsorption Inc.

·         Other

Recent Developments:

·         June 2020, the Nordic energy company Gasum announced that it would construct a filling station for liquified biogas and liquified natural gas close to the airport. The Stockholm region's first Gasum station is this one.

·         October 2019, Air Liquide introduced biogas purification solutions during the BioCycleREFOR19 event. The business developed state-of-the-art membrane technology that makes upgrading biogas efficient and economical, producing a reliable and steady supply of renewable energy.

·         October 2019, Mazoon Dairy Company started building a biogas facility in Oman. The facility is a component of Mazoon Dairy Company's waste to energy initiative, which attempts to increase the effectiveness of waste management. This is the first time a dairy company has used clean technology on such a wide scale in the region.

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Biogas Market in 2024?

Biogas Market was valued at USD 59.64 Billion in 2024.

What is the growth rate for the Biogas Market?

Biogas Market size will increase at approximate CAGR of 4.9% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Biogas Market Are Biogas Fuels International AB, Air Liquide, Schmack Biogas Service, Gasum Oy, Agrinz Technologies GmbH, DMT International, PlanET Biogas, Total Energies, HomeBiogas Inc., Xebec Adsorption Inc. and Other.

Which region dominates the Biogas Market?

Europe dominates the market with an active share of 46%.

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