Biogas Market Size was valued at USD 62.3 Billion in 2022. The Biogas market industry is projected to grow from USD 65.23 Billion in 2023 to USD 94.19 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.70% during the forecast period (2023 - 2032). Waste to renewable energy conversion and significant demand for enhanced biogas are the key market drivers accelerating market expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Market CAGR for biogas is being driven by the increase in waste to renewable energy conversion. The power sector relies on biogas as a key source of electricity generation, which helps to achieve the global goals of the switch to clean energy. The production of power from biogas is a recognized technology that is being widely used throughout the world. When generating electricity, CHP engines frequently recover and utilize heat.
Additionally, at the moment, the migration of people from rural to urban areas is causing a rapid increase in the demand for energy in metropolitan areas. More than 50% of the world's population, so says the UN, resides in cities. Due to the recent growth in population, garbage creation has also greatly increased. The ecology and general public health are seriously endangered if these wastes are not appropriately disposed of. A lot of trash needs to be treated, hence facilities are needed. A variety of organic materials are used to create biogas. Due to this gas infrastructure, an income potential is created from the waste management problem.
One of the most pressing issues on the planet is the depletion of traditional fossil fuels and environmental damage. These issues should be resolved through the usage of renewable energy. The development of a sustainable society and the reduction of reliance on oil are both greatly aided by this gas. Methane, which is present in large amounts in this gas and is further converted to biomethane, is also present. As a renewable fuel for natural gas cars, biomethane can be used because it shares many of the same characteristics as natural gas. The cost of building biogas plants is significant. In acres, the plant needs the land. In addition, the price of labor, engineering, and raw materials is also expensive. Purchase, storage, and sorting of feedstock are labor-intensive and expensive processes.
For instance, the International Renewable Energy Agency (IRENA) estimates that this gas can cut greenhouse gas emissions by between 60% and 80% when compared to fossil fuels. In Germany, there are already 150 petrol stations that sell just biomethane.. Therefore, it is anticipated that increasing the manufacturing of cars will increase demand for biomethane. Thus, result in driving the Biogas market revenue.
The Biogas Market segmentation, based on Source includes Municipal, Industrial, and Agricultural. The municipal segment dominated the market. Over the course of the forecast period, market demand is anticipated to be supported by the expanding use of municipal solid waste (MSW) in the manufacture of biogas to minimize landfills and greenhouse gas emissions.
Figure1: Biogas Market, by Source, 2022&2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Biogas Market segmentation, based on Application, includes Vehicle Fuel, Electricity, Heat, Upgraded Biogas, and Cooking Gas. The electricity category generated the most income. The growing emphasis on the use of renewable energy, particularly in the electric power business, has led to a significant expansion in the use of biogas for electricity generation. The nation's renewable energy standards (RES) allow for the use of biogas in the production of power.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Biogas market area will dominate this market. Increased demand for biogas across a variety of industries, technical advancements, and rising investments in the energy sector are all contributing to the market's expansion.
Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.
Figure2: Biogas Market Share By Region 2022 (Usd Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Biogas market represents the second-largest market share due to advancements in technology and increasing funding in the region's refinery industry. Further, the German Biogas market held a dominant market share, and the UK Biogas market was the European region's fastest-growing market.
The Asia-Pacific Biogas Market is anticipated to see the fastest CAGR between 2023 and 2032. This is due to quick industrial expansion, growing consumer interest in using biogas, and high project investment costs. Moreover, China’s Biogas market held a dominant market share, and the Indian Biogas market was the Asia-Pacific region's fastest-growing market.
Leading market players are putting a lot of money on research and development to expand the range of their products, which will help the biogas sector thrive. Additionally, market participants are engaging in a range of strategic initiatives to increase their worldwide reach, with important market developments such as the introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other businesses. To grow and endure in an increasingly competitive and challenging market environment, Biogas industry must provide reasonably priced goods.
One of the most important business strategies employed by manufacturers is local manufacturing to reduce operational expenses in the global Biogas industry to develop market sector and provide benefits to customers. In recent years, the Biogas industry has provided some of the most important benefits for medicine. Major players in the Biogas market, including Agrinz Technologies GmbH; Air Liquide; DMT International; Gasum Oy; HomeBiogas Inc; PlanET Biogas; Scandinavian Biogas Fuels International AB, and others, invest in operations for research and development in an effort to improve market demand.
Air Liquide S.A. is a French multinational corporation that provides industrial gases and services to a variety of industries, including medical, chemical, and electronic manufacturers. With operations in over 80 countries, it was founded in 1902 and is currently the second-largest industrial gas supplier by revenue, behind Linde. In Paris' 7th arrondissement, it has its main office. Until it was lost, Air Liquide held the Aqua-Lung patent. The company's research and development (R&D) efforts are focused on producing industrial gases as well as gases that are utilized in a variety of products, including chemicals, electronic chips, meals, and healthcare products. Within Air Liquide, the primary R&D teams concentrate on analysis, bioresources (foods and chemicals), combustion, membranes, modeling, and hydrogen (H2) gas production. In 2020, The Health Department requested the production of ventilators for intensive care units (COVID-19) from Air Liquide, Schneider Electric, Groupe PSA, and Valeo. 85 percent of models made are primarily meant for short-term use.
Gasum Oy, is owned by the Finnish government. As the largest processor of waste that breaks down in the Nordic nations, Gasum has 17 biogas refineries in Finland and Sweden. Gasum also offers a range of services related to the energy industry and sells wind energy. In order to accommodate heavy-duty trucks, it is currently developing a network of gas stations. Gasum intended to construct an undersea gas pipeline called Balticconnector to link Finland with Estonia's gas network and a gas storage facility in Latvia. In June 2020, A liquefied natural gas (LNG) and liquefied petroleum gas (LBG) filling station will soon open in Stockholm close to Arlanda Airport, according to Gasum. It is Gasum's first station in the greater Stockholm area.
April 2020:Ductor, a Finnish Swiss biotech company, is constructing its combination biofertilizer-biogas plants in northern Poland. The new facilities will be situated in the Zachodniopomorskie region of Poland. The third plant will be 1MW in size, while the other two are 0.5MW each in installed capacity.
October 2019:Oman now has a biogas facility thanks to Mazoon Dairy Company (MDC). The facility is a component of MDC's goal to use garbage as fuel to improve the effectiveness of waste management. The use of clean technology by a dairy industry on this scale is unprecedented in the area.
October 2019:At the BioCycleREFOR19 show, Air Liquide unveiled biogas purifying solutions. The business created a cutting-edge membrane technology that is effective and cost-effective for upgrading biogas, offering a consistent, dependable supply of renewable energy.
| Report Attribute/Metric | Details |
| Market Size2022 | USD 62.3 Billion |
| Market Size 2023 | USD 65.23 Billion |
| Market Size2032 | USD 94.19 Billion |
| Compound Annual Growth Rate (CAGR) | 4.70% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Source, Application, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, German, France, UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil |
| Key Companies Profiled | Â 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 |
| Key Market Opportunities | ·      This gas system transforms the problem of waste management into a business opportunity. |
| Key Market Dynamics | ·      This gas is essential for creating a civilization that is sustainable and reducing reliance on oil. |
Frequently Asked Questions (FAQ) :
In 2022, the market for biogas was estimated to be worth USD 62.3 billion.
During the forecast period, 2023-2032, The CAGR for the global market is predicted to be 4.70%.
The largest market share worldwide was held by North America.
Gasum Oy, HomeBiogas Inc., PlanET Biogas, Scandinavian Biogas Fuels International AB, and Schmack Biogas Service are the major participants in the market.
In 2022, The Municipal ruled the market.
The largest market share in the world was held by electricity.
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