Biogas Market Size & Share, By Source (Municipal, Agricultural, Industrial), Application (Vehicle Fuel, Electricity, Heat, Upgraded Biogas, Cooking Gas), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Biogas Market was over USD 66.84 Billion in 2023 and is anticipated to surpass USD 92.25 Billion by end of the year 2032, witnessing more than 4.3% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 66.84 Billion
• CAGR (2024-2032): 4.3%
• Forecast Year Value (2032): USD 92.25 Billion
• Historical Data Period: 2019-2023
• Largest Region: Europe
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

Increasing focus on renewable energy sources and rising demand for clean energy solutions are propelling the growth of the biogas market. Additionally, supportive government policies and initiatives promoting the use of biogas for power generation are driving market expansion. Furthermore, the growing awareness about environmental sustainability and the need to reduce greenhouse gas emissions are creating opportunities for the biogas market to flourish.

Report Scope

Report Coverage	Details
Segments Covered	Source, Application
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Agrinz Technologies, Air Liquide, DMT International, Gasum Oy, HomeBiogas Inc, PlanET Biogas, Scandinavian Biogas Fuels International AB, Schmack Biogas Service, Total,Xebec Adsorption Inc

Industry Restraints:

High installation and operational costs associated with biogas plants are one of the major restraints hindering the market growth. Inadequate infrastructure and storage facilities pose challenges for the widespread adoption of biogas technology. Moreover, the lack of skilled workforce and technical expertise in biogas production and utilization are limiting factors for market growth.

Regional Forecast:

1. North America:

The biogas market in North America is expected to witness significant growth over the forecast period. The United States and Canada are key countries contributing to the market growth in the region. Factors such as government support for renewable energy projects, increasing focus on environmental sustainability, and growing demand for clean energy sources are driving the growth of the biogas market in North America. The U.S. has a well-established biogas market, with a number of biogas plants across the country. Canada is also experiencing growth in the biogas sector, with several projects in the pipeline.

2. Asia Pacific:

China, Japan, and South Korea are the key countries in the Asia Pacific region driving the growth of the biogas market. China is the largest biogas producer in the region, with the government adopting policies to promote the use of biogas as a renewable energy source. Japan and South Korea are also witnessing growth in their biogas markets, with increasing adoption of biogas technology in various sectors. The Asia Pacific region holds significant potential for the biogas market, with increasing awareness about the benefits of biogas as a clean energy source.

3. Europe:

The biogas market in Europe is well established, with countries such as the United Kingdom, Germany, and France leading the way in biogas production. These countries have favorable policies and incentives in place to promote the use of biogas as a renewable energy source. The European Union has set ambitious targets for renewable energy consumption, which is driving the growth of the biogas market in the region. The United Kingdom, Germany, and France have a strong presence of biogas plants and continue to invest in research and development to further advance the biogas sector.

Segmentation Analysis:

In terms of segmentation, the global biogas market is analyzed on the basis of Source, Application

Municipal:

The municipal segment of the biogas market is expected to witness significant growth due to increasing focus on waste management and conversion of organic waste into renewable energy sources. Municipalities are increasingly setting up biogas plants to process organic waste from households and municipal facilities, thereby reducing the environmental impact of waste disposal.

Agricultural:

The agricultural segment of the biogas market is projected to grow steadily as farmers are turning towards biogas production as a sustainable way to manage farm waste and generate additional income. Agricultural biogas plants utilize agricultural residues such as crop waste, manure, and other organic materials to produce biogas for on-farm energy consumption or for sale to the grid.

Industrial:

The industrial segment of the biogas market is anticipated to expand due to growing adoption of biogas as a cleaner alternative to fossil fuels in industrial processes. Industries are installing biogas plants on-site to convert organic waste generated from manufacturing processes into biogas for heat and power generation, thereby reducing greenhouse gas emissions and operational costs.

Vehicle Fuel:

The vehicle fuel segment of the biogas market is gaining traction as governments worldwide promote the use of biofuels to reduce carbon emissions from transportation. Biogas produced from organic waste sources can be upgraded to biomethane and used as a sustainable alternative to traditional fossil fuels in vehicles, leading to lower emissions and improved air quality.

Electricity:

The electricity segment of the biogas market is expected to witness substantial growth as power utilities and independent energy producers invest in biogas power plants to meet renewable energy targets. Biogas can be used to generate electricity through combustion in gas engines or turbines, providing a reliable and sustainable source of power for homes, businesses, and communities.

Heat:

The heat segment of the biogas market is projected to expand due to the increasing demand for renewable heat sources in residential, commercial, and industrial applications. Biogas can be combusted to produce heat for space heating, water heating, and industrial processes, providing a clean and efficient energy solution that helps reduce reliance on fossil fuels and greenhouse gas emissions.

Upgraded Biogas:

The upgraded biogas segment of the market is experiencing growth as countries invest in biogas upgrading technology to produce biomethane for injection into natural gas grids. Upgraded biogas, or biomethane, is a versatile renewable gas that can be used for vehicle fuel, heating, or electricity generation, offering a sustainable and low-carbon alternative to fossil fuels.

Cooking Gas:

The cooking gas segment of the biogas market is gaining popularity as households and businesses seek cleaner and renewable alternatives to traditional cooking fuels such as LPG and wood. Biogas can be used directly as a cooking fuel in gas stoves and ovens, providing a sustainable and affordable energy solution that reduces indoor air pollution and deforestation associated with traditional cooking fuels.

Competitive Landscape:

Competitive Landscape in the Biogas Market:

The biogas market is highly competitive with numerous players operating globally. Factors such as technological advancements, partnerships, acquisitions, and expansions play a crucial role in the market competition. Key players focus on developing innovative products and solutions to stay ahead in the market.

Top Market Players:

1. Air Liquide

2. EnviTec Biogas AG

3. Scandinavian Biogas

4. PlanET Biogas Global

5. BioConstruct

6. Weltec Biopower

7. Wärtsilä Corporation

8. Gasum Oy

9. Vanzetti Engineering

10. Schmack Biogas