According to Report, the biogas market size is expected to reach around US$ 10.5 billion by 2030 and is anticipated to grow at a CAGR of 9% during forecast period 2021 to 2027.
Biogas Market (By Source: Municipal Waste, Animal Waste, Agricultural Waste, Others; By End Use: Power Generation, Cogeneration, Heat, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2021-2030
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The global biogas market has been positively impacted by the rise in demand for biogas in power generation and automobile industries across the globe. Thus, increase in demand for biogas in power generation and automobile industries is propelling the global biogas market.
Companies around the world have been investing significantly in R&D of biogas, since the past few years in order to lower the cost of biogas. The cost of biogas has decreased over the past few years, due to technological advancements. It is anticipated to decline further in the near future. This decrease in the prices of biogas is projected to boost the global biogas market during the forecast period.
The demand for biogas has been rising in automobile and power generation industries over the past few years, as it provides green energy and high power density. This is expected to boost the global biogas market. The number of countries accepting the Paris Climate Change Agreement has been increasing significantly. This agreement mandates countries to decrease their carbon footprint and greenhouse gases by reducing their dependence on fossil fuels, which presents significant potential for the adoption and implementation of biogas energy. Europe has enacted stringent regulations to lower carbon and greenhouse gas emission. This has boosted the consumption of biogas in the region.
Increase in Demand for Biogas in Power Generation Application to Augment Biogas Market
- Waste material is used in biogas to generate energy and heat. Biogas is also an effective alternative to fossil fuel. It can be used in diverse applications, ranging from utility power stations to automobiles.
- Biogas can also help resolve the organic waste landfill issue by creating electricity and heat, as landfilling of waste can lead to air, land, and water pollution
- Awareness about pollution caused by fossil fuel and coal has been increasing since the past few years. Biogas releases lower emissions than combustion engines. Thus, focus on green fuel to generate power and heat has been rising. Biogas is expected to play a major role in power solutions.
- Thus, demand for biogas is estimated to increase in the near future, due to the environmental benefits it offers
Major players operating in the global biogas market are Air Liquide, Wärtsilä, Future Biogas Limited, PlanET Biogas Global GmbH, WELTEC BIOPOWER GMBH, Scandinavian Biogas Fuels International AB, EnviTec Biogas AG, Biofrigas Sweden AB, Ameresco, and Quantum Green.
- Municipal Waste
- Animal Waste
- Agricultural Waste
- Others (including Waste From Food, Wood, Paper, and Cardboard)
By End Use
- Power Generation
- Others (including Fuel in Vehicles)
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global biogas market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the biogas market.
The research methodology adopted by analysts for compiling the global biogas market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
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