Market Analysis and Insights:
The market for biogas is anticipated to increase at a CAGR of 6.05% from US$ 75.03 billion in 2023 to US$ 138.03 billion by 2033.
.jpg "The Global Biogas Market 2023-2033 (USD Billion)")
Biogas is a sustainable, ecologically advantageous fuel that is generated by converting organic waste into gas. It may be used for a wide range of purposes, such as fuel for automobiles and industrial uses including on-site and municipal energy generation.
Biogas Market Scope :
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2033 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2033 | US$ 138.03 billion |
| Growth Rate | CAGR of 6.05% during 2023-2033 |
| Segment Covered | by Source , By Application, By Region, |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Air Liquide, Wartsila, WELTEC BIOPOWER GMBH, Scandinavian Biogas Fuels International AB, Future Biogas Limited, PlanET Biogas Global GmbH, Biofeigas Sweden AB, EnviTec Biogas AG, Ameresco, and Quantum Green. |
Market Definition
The biogas is a sustainable energy source derived from organic matter
Biogas may be used to create power, either directly or after upgrading to biomethane. Biogas may be used to provide heat for industrial operations, heating buildings, or supplying hot water. it may be converted to biomethane, which can be utilised as a transportation fuel in cars. The digestate generated by biogas plants may be utilised as a fertilizer, boosting soil quality and agricultural production.
Key Market Segmentation:
Insights on Type:
The Agriculture Segment is growing at the fastest growth rate
The municipal and agricultural sectors of the biogas market are estimated to develop at a CAGR of 5.5% and 5.2% correspondingly over the forecast period. The expansion of these categories is driven by the following factors:
• lesser quantity of trash: Agricultural waste is a lesser source of greenhouse gas emissions than city garbage.
• Lack of government rules: Many countries do not have laws to encourage the use of biogas in agriculture.
• Lack of infrastructure: There is not a well-established infrastructure for collecting and processing agricultural waste.
Insights on Application:
The vehicle fuel Segment is boosting
• The expansion of the vehicle fuel industry is driven by the rising demand for cleaner and more sustainable transportation fuels. Biogas may be converted to biomethane, which can be utilised as a transportation fuel in cars. Biomethane is a carbon-neutral fuel, which implies that it does not cause any net emissions of greenhouse gases when burnt.
• In addition to the power and vehicle fuel sectors, other application segments of the biogas market that are likely to develop at a substantial rate during the forecast period include heat generation, upgraded biogas, and cooking gas.
Insights on Region Analysis:
The Asia-Pacific region is boosting
Large population and expanding need for energy: The Asia-Pacific area has the greatest population in the world, and this is likely to boost the demand for energy in the region. One sustainable and clean energy source that might help satisfy this need is biogas.
Government support: The development of biogas plants is being supported by several governments in the Asia-Pacific area. This assistance includes cash incentives, tax advantages, and regulatory frameworks.
Availability of feedstock: The Asia-Pacific area contains a huge quantity of organic waste that may be utilised as feedstock for biogas generation. This trash comprises agricultural waste, food waste management, and animal excrement.
Technological developments: There have been considerable technological breakthroughs in biogas generation in recent years. These developments have made it more efficient and cost-effective to create biogas.
Company Profiles:
Some of the key players in the market are Air Liquide, Wartsila, WELTEC BIOPOWER GMBH, Scandinavian Biogas Fuels International AB, Future Biogas Limited, PlanET Biogas Global GmbH, Biofeigas Sweden AB, EnviTec Biogas AG, Ameresco, and Quantum Green.
COVID-19 Impact and Market Status
Increase in demand of the market
The COVID-19 outbreak has had a mixed effect on the biogas business. On the one hand, the epidemic has led to a fall in economic activity, which has lessened the demand for biogas. This is because biogas is widely utilised as a source of energy for agricultural and industrial uses, and both industries have been badly affected by the epidemic.
On the other hand, the epidemic has also led to an increasing emphasis on renewable energy sources, as governments and corporations attempt to minimize their dependency on fossil fuels. The biogas industry has benefited greatly from this as biogas is a renewable energy source that can be produced from organic waste.
In general, research is currently being done on COVID-19's effects on the biogas industry. However, it is anticipated that the industry will continue to develop in the long term, as the need for renewable energy sources continues to rise.
Latest Trends and Innovation:
• Siemens: In 2021, Siemens announced the debut of their new biogas upgrading technology. This method employs a membrane separation process to remove carbon dioxide from biogas, resulting in a biomethane product that may be utilised as a transportation fuel or as a feedstock for the manufacture of chemicals and fertilizers.
• Enercon: In 2022, Enercon announced the building of a new biogas facility in Germany. This facility has a capacity of 1.2 megawatts and will create power and heat from organic waste.
• Greenlane Biogas: In 2023, Greenlane Biogas announced the purchase of Biogas Solutions, a prominent producer of biogas upgrading technology. This purchase will assist Greenlane to extend its product portfolio and to fulfil the rising demand for biogas upgrading solutions.
• Air Liquide: In 2023, Air Liquide announced the building of a new biogas production facility in France. This facility will manufacture biomethane from agricultural waste and will be used to power automobiles.
• CNH Industrial: In 2023, CNH Industrial announced the debut of their new biogas-powered tractor. This tractor is intended for use in agricultural settings and can operate on biomethane or on a combination of biomethane and diesel fuel.
Significant Growth Factors:
Concerns about climate change and the need to reduce greenhouse gas emissions are driving up demand for renewable energy on a worldwide scale.
• Government support: By providing financial incentives, tax breaks, and regulatory frameworks, several governments are assisting in the expansion of biogas facilities. This funding is helping to make biogas a more viable investment choice for companies and people.
• Availability of feedstock: There is a considerable quantity of organic waste available that may be utilised as feedstock for biogas generation. This trash comprises agricultural waste, food waste, and animal excrement. The availability of this feedstock is a crucial element driving the expansion of the biogas industry.
• Technological developments: There have been considerable technological breakthroughs in biogas generation in recent years. These improvements have made it more efficient and cost-effective to manufacture biogas, which is helping to fuel the expansion of the market.
• Environmental advantages: Biogas production provides a variety of environmental benefits, including as lowering greenhouse gas emissions and increasing air quality sensor . These advantages are increasingly being recognized by governments and enterprises, which is helping to fuel the expansion of the biogas industry.
Restraining Factors:
The initial expenditures of building a biogas plant may be considerable, which might be a barrier for certain enterprises and people.
• Technical problems: There are certain technical issues related with biogas generation, such as the necessity to manage the fermentation process and to avoid the build-up of contaminants.
• Feedstock availability: The availability of feedstock may be an issue in certain locations, particularly if the feedstock is not easily accessible or if the cost of transporting the feedstock is significant.
• Government rules: Government laws may also be a barrier, since they might differ from nation to country and can make it difficult to secure permissions and clearances.
• Public acceptability: There is occasionally a lack of public acceptance of biogas generation, since some people are worried about the stench or the possibility for environmental consequences.
Key Segments Biogas Market Size, Share & Trends Analysis Market
Insights By Source
• Municipal
• Agricultural
• Industrial
By Application
• Vehicle Fuel
• Electricity
• Heat
• Upgraded Biogas
• Cooking Gas
Regional Overview
North America
• U.S
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Frequently Asked Questions (FAQ) :
The forecast period of biogas market is 2022-2032.
The global biogas market was valued at US$ 138.03 billion in 2033.
Air Liquide, Wartsila, WELTEC BIOPOWER GMBH, Scandinavian Biogas Fuels International AB, Future Biogas Limited, PlanET Biogas Global GmbH, Biofeigas Sweden AB, EnviTec Biogas AG, Ameresco, and Quantum Green.
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