Global Biogas Market size and share is currently valued at USD 65.15 billion in 2023 and is anticipated to generate an estimated revenue of USD 95.82 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.4% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Overview:
The biogas market represents a critical segment of the renewable energy industry, offering sustainable solutions for energy generation and waste management. Biogas is produced through the anaerobic digestion of organic materials such as agricultural waste, food scraps, municipal solid waste, and industrial byproducts. This renewable energy source is used for electricity generation, heating, and as a transportation fuel in the form of biomethane. As governments and industries strive to reduce greenhouse gas emissions and transition to sustainable energy systems, the biogas market has gained significant momentum, supported by favorable policies and technological advancements.
Market’s Growth Drivers:
The growth of the biogas market is fueled by several key factors:
- Global Shift Toward Renewable Energy: Increasing awareness of climate change and the need to reduce dependence on fossil fuels have accelerated the adoption of biogas as a clean energy source.
- Government Incentives and Policies: Subsidies, tax benefits, and regulatory support for biogas projects encourage investments in biogas production facilities.
- Rising Demand for Waste Management Solutions: Biogas production offers an effective way to manage organic waste, reducing landfill use and mitigating methane emissions.
- Expansion of the Circular Economy: Biogas supports the circular economy by turning waste into valuable energy and fertilizer, creating sustainable economic and environmental benefits.
- Technological Advancements: Innovations in biogas production, upgrading, and storage technologies have improved efficiency, scalability, and cost-effectiveness, driving market growth.
Major Key Players:
- Agrinz Technologies GmbH
- Air Liquide
- DMT International
- Gasum Oy
- HomeBiogas Inc.
- PlanET Biogas
- Scandinavian Biogas Fuels International AB
- Schmack Biogas Service
- Total
- Xebec Adsorption Inc.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/biogas-market
Recent Developments:
- In May 2022, Enertech Fuel Solutions announced plans to invest INR 600 crore in the compressed biogas (CBG) sector. The project will be executed in multiple phases. The first phase involves the establishment of four CBG plants in Gujarat, Uttar Pradesh, Punjab, and Haryana. In the second phase, additional plants will be set up in each of these states, along with two more plants in Madhya Pradesh.
- In January 2022, BioConstruct revealed a power purchase agreement (PPA) with Next Kraftwerke. Under this agreement, Next Kraftwerke will market 40,000 MWh of biogas-generated electricity during the first quarter of 2022.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
The research study includes segmental analysis that divides the market into distinct groups or segments based on common characteristics. With market segmentation, businesses can identify specific customer groups that are more likely to be interested in specific products or services. Also, it enables these businesses to focus their marketing efforts and resources more efficiently, leading to higher conversion rates and improved return on investment. Furthermore, segmentation analysis helps companies develop personalized products or services, which can result in increased customer loyalty and improved customer satisfaction.
Biogas Market, Source Outlook (Revenue – USD Billion, 2019-2032)
- Municipal
- Landfill
- Wastewater
- Industrial
- Food Scrap
- Wastewater
- Agricultural
- Dairy
- Poultry
- Swine Farm
- Agricultural Residue
Biogas Market, Application Source Outlook (Revenue – USD Billion, 2019-2032)
- Vehicle Fuel
- Electricity
- Heat
- Upgraded Biogas
- Cooking Gas
The biogas market is poised for robust growth as governments, industries, and consumers increasingly prioritize renewable energy solutions. Emerging economies with high organic waste generation offer significant opportunities for biogas production, driven by investments in waste management infrastructure and energy security initiatives.