Austin, Sept. 09, 2024 (GLOBE NEWSWIRE) -- According to SNS Insider Research, The Biogas Market Size was valued at USD 63.91 billion in 2023 and is expected to reach USD 95.80 billion by 2032, and grow at a CAGR of 5.01% over the forecast period 2024-2032.
The Biogas Market is one of the fastest-booming markets, driven by increased demand for renewable energy sources. Anaerobic digestion is expected to dominate this segment in 2024 and hold a significant market share, owing to its effective application in treating agricultural waste, municipal solid waste, and wastewater. One new development is that of Weltec Biopower-its latest control interface for biogas plants, enhancing management efficiency and reducing operational costs, again proving the innovation being accomplished in biogas technology. Biogas has proved to be a very important substitution for imported natural gas in Ukraine, where the energy mix is crucially affected by the conflict. The World Biogas Association has reported on the urgent need for aid in support of biogas infrastructure. In this case, biogas plays an important role in enhancing strategic values for energy security because of a conflict-affected situation.
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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.
- EnviTec Biogas AG
- WELTEC BIOPOWER
- BTS-biogas
Meanwhile, Copenhagen, Denmark, is exemplifying the growing potential for biogas, thanks to the modernization of the city's municipal company, HOFOR's, wastewater treatment plant raising its biogas output from sewage through the roof. That development is indicative of how municipal wastewater can help produce this renewable fuel to achieve the status of a carbon-neutral city no later than 2025. Increasing biogas production is further fueled by agriculture, with farmers in Germany and the Netherlands leading the way as they continue to convert waste from their livestock into renewable energy. Technological advancement and favorable government policies are two principal factors that have been enabling increased use of biogas in general, excluding the results with the challenges that first costs and developing infrastructure in one area of the technology.
Biogas Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | US$ 63.91 Billion |
| Market Size by 2032 | US$ 95.80 Billion |
| CAGR | CAGR of 5.01% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| DRIVERS | • Growing the need to reducing emissions in biogas market. • Investment in biogas production and Government Incentives |
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Segment Analysis
In 2023, the Electricity segment dominated the Biogas Market, with an estimated share of 45%. It is considered that such a leading position is a result of the growing adoption of biogas for electricity generation because such initiatives are in tune with global needs to switch over to renewable energy. The biogas-to-power plants transform organic waste into electrical energy via anaerobic digestion, hence offering a serviceable and dependable energy vector. Biogas-powered generators in municipal waste treatment plants connected within various parts of Germany contribute a significant amount to the national grid. Similarly, projects on biogas electricity are relatively on an upward drive in the US too, backed by government incentives toward carbon emissions reduction and adoption of cleaner energy alternatives.
Market segmentation
By Source
- Agricultural
- Dairy
- Poultry
- Swine Farm
- Agricultural Residue
- Industrial
- Food Scrap
- Wastewater
- Municipal
- Landfill
- Wastewater
By Application
- Vehicle Fuel
- Electricity
- Heat
- Upgraded Biogas
- Cooking Gas
Trend Analysis: Biogas Market
Biogas is being increasingly recognized not only for the versatility of the fuel but also for its wide range of applications. This is a resource of renewable energy, obtained through anaerobic digestion by organic materials such as agricultural waste, food leftovers, and sewage. Biogas can be utilized in electric energy and heat production; besides that, the byproduct of biogas manufacture is a high-quality fertilizer. This process not only has the added advantage of reducing greenhouse gas emissions but is also supportive of managing waste and ensuring resource efficiency. Technology for producing biogas has developed so much that it becomes cost-effective and also does not harm the environment.
Moreover, biogas as an environmentally friendly fuel option provides increased security and sustainability of energy by reducing dependence on fossil fuels and improving energy resilience. Not to mention, the growth of biogas is supported by supportive policies and recognition of its place in the circular economy where waste becomes a resource. As more industries and municipalities take up this technology, the prospect of biogas being an agent of change toward a cleaner, more sustainable energy future is growing increasingly so.
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Regional Analysis
In 2023, Europe dominated and accounted for an estimated 40% share in the biogas market. Advanced regulatory frameworks exist in the region to provide the needed impetus for increased production of biogas, particularly the Renewable Energy Directive by the European Union. The largest biogas-producing country in Europe is Germany, which has over 9,000 biogas plants operating completely and contributing greatly toward the nation's renewable energy supply. Examples include the HOFOR project in Denmark and investment in agricultural biogas plants in Germany, further solidifying Europe's leading position in the market.
Key Takeaways:
- Innovation in anaerobic digestion and biogas plant management has been among the leading efficiency factors over the last few years, hence lowering the operational cost and improving the attractiveness of biogas as a renewable source of energy.
- The increased investments in biogas infrastructures in cities for mainly waste-to-energy projects further cements the lead position of biogas in urban sustainable development and energy supply.
- Both policy frameworks and financial incentives-first and foremost in Europe and North America-are crucial to enhancing biogas markets and give crucial underpinning to the transition toward renewable energy.
- Developing regions, in particular, Asia is embracing biogas technologies in an attempt to find solutions to meet energy needs and manage agricultural and municipal waste more effectively.
Table of Contents – Major Key Points
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact Of Russia Ukraine War
5.2 Impact of Economic Slowdown
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa
10. Biogas Market Segmentation, By Source
11. Biogas Market Segmentation, By Application12. Competitive Landscape
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. USE Cases And Best Practices
16. Conclusion
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