Biogas Market: Global Industry Analysis and Forecast (2022-2029)

Biogas Market size was valued at US$ 25.32 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 5.4% through 2022 to 2029, reaching nearly US$ 38.57 Bn.
Biogas Market Overview:
Biogas is a renewable fuel made from the decomposition of organic matter like food scraps and animal manure. It can be used for a wide variety of purposes, including automobile fuel, heating, and power generation. Methane and carbon dioxide makes up the majority of biogas. Small levels of hydrogen sulphide, siloxanes, and moisture may also be present. The proportional amounts of these change based on the type of waste used in the biogas production process.



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Though market forecasting through 2029 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all important players across the world. Market forecasting till 2029 is done based on past data from 2017 to 2021 with the impact of global lock down on the market in 2021 and 2022.
Global Biogas Market Dynamics:
The global biogas market is being driven by factors such as rising energy demand due to decreasing conventional resources, renewable resource integration with the need for a cost-effective clean source of energy, and government waste management programs. New waste management techniques, depending on the composition and environmental conditions, may present a business opportunity. Furthermore, increased waste management spending is providing further incentives for the development of innovative and high-capacity biogas systems. However, inconsistencies in waste composition and complex facility designs, high costs associated with garbage collection and treatment, and the viability of using biogas as a source of energy are hampering the market growth. Furthermore, MSW's global influence is rapidly increasing. As a result, during the forecast period, the expected increase in MSW generation, combined with the need to reduce GHG emissions, is expected to boost the growth of the global biogas market.

The United States is the largest consumer of biogas in North America. During the forecast period, rising demand for the product in applications such as cooking gas, electricity, car fuel, and heat is expected to boost the market growth. High demand for green fuels, strict environmental restrictions, and rising refinery development investments are among the major drivers driving the regional market's growth.

Turnover of the Biogas Industry in the European Union from 2021 to 2023 (in Million Euros)

Global Biogas Energy Capacity from 2021 to 2024 (Production Capacity in Megawatts)
Global Biogas Market Segment Analysis:
The Global Biogas Market is segmented by Raw Material, and Application.

Based on the Raw Material, the market is segmented into Organic waste from landfills, Municipal waste water, Commercial organic waste, Agricultural waste, and Energy crops. The municipal waste water segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. During the forecast period, the increased use of municipal solid waste (MSW) in the production of biogas to minimise landfills and greenhouse emissions is expected to drive the growth of this segment. These are the major key drivers that boost the growth of this segment in the global market during the forecast period 2022-2029.

Based on the Application, the market is segmented into Electricity and heat generation, Natural gas grid feeding, and Transportation fuel. The electricity and heat generation segment is expected to hold the largest market share of xx% by 2029. The growing emphasis on renewable energy, notably in the electric power industry, has boosted the demand for biogas for electricity generation greatly. In the United States, roughly 220 million kWh of energy was created utilising biogas (from 24 cattle and dairy businesses) in 2021, while over 1 billion kWh of power was generated through industrial and sewage wastewater treatment facilities. According to the state Renewable Power Standards, biogas qualifies as a renewable energy fuel for generating electricity in the country (RES).
Global Biogas Market Regional Insights:
North America dominates the Global Biogas market during the forecast period 2021-2029. North America is expected to hold the largest market shares of xx% by 2029. In all 50 states of the United States (US), there are over 2,200 operational biogas production sites, including 250 anaerobic digesters on farms, 1,269 water resource recovery facilities that use an anaerobic digester, 66 stand-alone food waste digestion systems, and 652 landfill gas projects. The biogas industry in the United States has enormous growth potential, with estimates of 103 trillion kilowatt-hours of electricity produced each year and emissions reductions equivalent to removing 117 million passenger vehicles from the road.

Europe is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Companies all around Europe are investing money into the research and development of biogas production from existing sources, with the goal of increasing the share of feedstock in the forecast period. These factors are expected to contribute to market growth throughout the region. The market in Italy is influenced by the government's initiatives to reduce carbon emissions.

Food waste is produced in the UK by households, hotels, and foodservice, food manufacturing, retail and wholesale industries. The industry could generate 11 TWh of biogas – enough to heat 830,000 households – and lower emissions by 8.8 million tonnes of CO2 equivalent, or 2% of the UK's yearly emissions if all of this was handled through anaerobic digestion.

The objective of the report is to present a comprehensive analysis of the Global Biogas Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Biogas Market dynamic, structure by analyzing the market segments and project the Global Biogas Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Biogas Market make the report investor’s guide.
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Global Biogas Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 25.32 Bn.


Forecast Period 2022 to 2029 CAGR:
5.4%
Market Size in 2029:
US $ 38.57 Bn.


 Segments Covered:
by Raw Material
• Organic waste from landfills
• Municipal waste water
• Commercial organic waste
• Agricultural waste
• Energy crops


by Application
• Electricity and heat generation
• Natural gas grid feeding
• Transportation fuel


by Types
• Residential
• Commercial
• Industrial



 
Global Biogas Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Global Biogas Market, Key Players
• A2A Energia
• AEB Amsterdam
• Babcock & Wilcox
• Veolia
• Shenzhen Energy
• Aterro Recycling Pvt. Ltd
• Scandinavian Biogas Fuels International AB
• EnviTech Biogas AG
• L’AIR LIQUIDE S.A.
• Pressure Technologies Plc
• Cryostar SAS
• Vanzetti Engineering S.r.l.
• Himark Biogas Inc.
• DMT Environmental Technology
• MT-Energie GmbH
• ACRONA GROUP
• Xebec Adsorption Inc.

Frequently Asked Questions:

1] What segments are covered in Global Biogas Market report?
Ans. The segments covered in Global Biogas Market report are based on Raw Material, and Application.

2] Which region is expected to hold the highest share in the Global Biogas Market?
Ans. North America is expected to hold the highest share in the Global Biogas Market.

3] Who are the top key players in the Global Biogas Market?
Ans. A2A Energia, AEB Amsterdam, Babcock & Wilcox, Veolia, and Shenzhen Energy are the top key players in the Global Biogas Market.

4] Which segment holds the largest market share in the Global Biogas market by 2029?
Ans. Electricity and heat generation segment holds the largest market share in the Global Biogas market by 2029.

5] What is the market size of the Global Biogas market by 2029?
Ans. The market size of the Global Biogas market is US $38.57 Bn. by 2029.

6] What was the market size of the Global Biogas market in 2021?
Ans. The market size of the Global Biogas market was worth US $25.32 Bn. in 2021.