Summary
Major players in the biogas market are PlanET Biogas Global GmbH, Scandinavian Biogas, EnviTec Biogas AG, IES BIOGAS Srl, Air Liquide, Weltec Biopower GmbH, Biofrigas Sweden AB, Ameresco Inc., Wartsila, Engie SA, Bio-En Power Inc., Swedish Biogas International, CH4 Biogas, SP Renewable Energy Sources Pvt. Ltd., Beijing Sanyi Green Energy Development Co. Ltd., Biofuel USA Corporation, Quadrogen, Viessmann, BTS-biogas, Agraferm, Gasum, Xergi A/S, Zorg Biogas, Future Biogas Limited, and AAT Biogas Technology.
The global biogas market grew from $71.59 billion in 2022 to $78.25 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biogas market is expected to grow to $102.7 billion in 2027 at a CAGR of 7.0%.
The biogas market consists of sales of fixed dome biogas, and floating drum biogas.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Biogas refers to a form of biofuel that is created spontaneously when organic waste decomposes.Biogas generation is also known as anaerobic digestion since it occurs in the absence of oxygen.
Biogas helps mitigate methane emissions while producing cleaner fuel for cooking, lighting, and electricity.
Europe was the largest region in the biogas market in 2022.Asia-Pacific is expected to record the fastest growth over the forecast period.
The regions covered in the biogas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main sources of biogas are municipal waste, industrial waste, agricultural waste, and others.Anaerobic Digestion (AD) of the organic portion of municipal solid waste (OFMSW) creates biogas that can be used to generate energy, hence reducing waste that would otherwise be landfilled.
Biogas is used for residential, commercial, and industrial purposes. It is implemented in various areas such as power generation, heat generation, cogeneration, and others.
The rising shift towards renewable sources of energy is expected to propel the growth of the biogas market in the coming years.Renewable energy, often known as clean energy, is derived from natural sources or procedures that are renewed regularly.
Biogas is also referred to as renewable natural gas produced by the breakdown of organic matter such as animal waste and food scraps.According to International Energy Agency (IEA) global energy review 2020, renewable energy is expected to be the fastest-growing energy source in the future.
In comparison to Q1 2019, global renewable energy usage in all industries rose by around 1.5% in Q1 2020 and estimated a 1% increase in the use of renewables by the end of 2020. Therefore, the shift toward renewable sources of energy drives the growth of the biogas market.
The expansion of production facilities is a key trend gaining popularity in the biogas market.Major companies operating in the biogas sector are focusing on expanding their production facilities to meet the increasing demand for renewable energy and are replacing chemical fertilizers with recycled nutrients in the production of biogas.
For instance, in April 2020, Ductor, a Finnish-Swiss biotech company, is constructing three combined biofertilizer-biogas facilities in northern Poland.The facilities will generate renewable electricity and organic nitrogen fertilizer entirely from poultry waste, lowering greenhouse gas (GHG) pollution dramatically.
Two of the proposed facilities will have a 0.5MW installed capacity, while the third will have a 1MW capacity.
In January 2021, Total SE, a French oil and gas company that manufactures and sells gasoline, natural gas, and electricity acquired Fonroche Biogaz for an undisclosed amount.With this acquisition, Total SE becomes a major player in renewable gas in France and Europe and significantly strengthens its presence in the sector.
Fonroche Biogaz is a company within Groupe Fonroche that designs, builds, and operates anaerobic digestion (AD) plants in France.
The countries covered in the biogas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The biogas market research report is one of a series of new reports that provides biogas market statistics, including biogas industry global market size, regional shares, competitors with a biogas market share, detailed biogas market segments, market trends and opportunities, and any further data you may need to thrive in the biogas industry. This biogas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
