Biogas Market Estimated to Cross US$ 10.5 Bn by 2030

The global Biogas market size is expected to reach USD 10.5 billion by 2030 and is expected to expand at a CAGR of 9% from 2021 to 2030.

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The global biogas market has been positively impacted by the rise in demand for biogas in power generation and automobile industries across the globe. Thus, increase in demand for biogas in power generation and automobile industries is propelling the global biogas market.

Companies around the world have been investing significantly in R&D of biogas, since the past few years in order to lower the cost of biogas. The cost of biogas has decreased over the past few years, due to technological advancements. It is anticipated to decline further in the near future. This decrease in the prices of biogas is projected to boost the global biogas market during the forecast period.

Dynamics

The demand for biogas has been rising in automobile and power generation industries over the past few years, as it provides green energy and high power density. This is expected to boost the global biogas market. The number of countries accepting the Paris Climate Change Agreement has been increasing significantly. This agreement mandates countries to decrease their carbon footprint and greenhouse gases by reducing their dependence on fossil fuels, which presents significant potential for the adoption and implementation of biogas energy. Europe has enacted stringent regulations to lower carbon and greenhouse gas emission. This has boosted the consumption of biogas in the region.

Investments in the global biogas market have been rising significantly since the past few years. According to the American Biogas Council, the U.S. offers vast potential for the biogas industry. More than 14,900 new sites have the potential to produce biogas in the country. Of these, 8,500 sites are in the vicinity of dairy, poultry, and swine farms, while 3,878 are near water resource recovery facilities.

Increase in Demand for Biogas in Power Generation Application to Augment Biogas Market

  • Waste material is used in biogas to generate energy and heat. Biogas is also an effective alternative to fossil fuel. It can be used in diverse applications, ranging from utility power stations to automobiles.
  • Biogas can also help resolve the organic waste landfill issue by creating electricity and heat, as landfilling of waste can lead to air, land, and water pollution
  • Awareness about pollution caused by fossil fuel and coal has been increasing since the past few years. Biogas releases lower emissions than combustion engines. Thus, focus on green fuel to generate power and heat has been rising. Biogas is expected to play a major role in power solutions.
  • Thus, demand for biogas is estimated to increase in the near future, due to the environmental benefits it offers

Source Insights

On the basis of source, the market is segmented into agricultural, municipal, and industrial. Growing demand among agricultural, industrial, and municipal for waste treatment techniques is one of the significant factors that is driving the market growth. The implementation of biogas as a source of renewable energy in various developing and developed countries is another factor estimated to support the growth.

The industrial segment is expected to lead the overall global share over the estimated period at a CAGR of 4%. Likewise, materials used in biomass are unexplored, which suggests a significant opportunity for the future development of this technology. Agricultural producing countries, such as Indonesia and India, are supposed to integrate with considerable chances for industries development as the execution of biogas manufacture and application of biofuel is projected to provide additional sources of revenue for the farmers across the world. For instance, there are some cogeneration plants that are using agricultural residues like Bagasse in India, Mauritius, Kenya, and Ethiopia that is successful.

Application Insights

By application, the market is categorized into vehicle fuel, heat generation, electricity generation, and others. Electricity accounted for the largest application segment in 2020 and is expected to grow at a CAGR of 4% over the forecast period. The growing attention to the use of renewable energy, particularly in the electric power sector, has significantly increased the use of biogas for electricity generation. Moreover, the shift in various countries towards gas-based powerplants from coal-based powerplants due to an increase in carbon emission is expected to fuel the demand for biogas for electricity generation over the forecast period.

Demand for advanced biofuel is supposed to increase in the upcoming years owing to the lower cost of fuel and defiance with strict vehicle emission regulations. The vehicle fuel segment is in second-highest demand as the world is shifting towards the usage of gas as a fuel in the transportation sector, wherein Compressed Natural Gas (CNG) is used as a substitute for Compressed Biogas (CBG).

Regional Scope

In terms of value, Europe dominated the global biogas market in 2020. The region is expected to remain dominant during the forecast period, due to the presence of favorable government policies and availability of infrastructure for biogas. Europe also has the highest number of biogas plants in the world. According to The European Biogas Association, the number of biogas plants in the region increased from 483 in 2018 to 729 in 2020. Currently, 18 countries produce biogas in Europe. The number of biogas operational plants stood at more than 18,000 in Europe in 2019. Germany accounted for more than 9,000 operational biogas plants in the year. Thus, Germany is a leading country in terms of number of biogas plants in the region as well as in the world.

North America is projected to be a lucrative region of the global biogas market during the forecast period. This can be ascribed to the increase in awareness about renewable energy in the region. The rise in usage of biogas in the automobile industry is another key factor that is propelling the demand for biogas in North America. The U.S. is the leading market for biogas in North America. The U.S. has more than 2,200 biogas producing sites. Canada is anticipated to be a lucrative country for biogas during the forecast period, owing to the increase in awareness as well as high adoption of green energy in the country.

Asia Pacific was a promising region in the global biogas market in 2019. Governments of countries in the region have been promoting biogas for cooking purposes in rural areas. For instance, the Government of India is providing subsidies and free biogas household plants to produce biogas in rural areas. The Government of China is promoting biogas for households in rural areas. The number of biogas plants installed stood at more than 70,000 in China in 2019.  According to the International Energy Agency report 2020, there was notable development in the biogas market in Asia Pacific, primarily in China, India, and ASEAN countries. Awareness about the environment in countries such as China, India, and those in ASEAN is expected to drive the biogas market in the region during the forecast period.

Key Players

Major players operating in the global biogas market are Air Liquide, Wärtsilä, Future Biogas Limited, PlanET Biogas Global GmbH, WELTEC BIOPOWER GMBH, Scandinavian Biogas Fuels International AB, EnviTec Biogas AG, Biofrigas Sweden AB, Ameresco, and Quantum Green.

Report Highlights Details
Market Size US$ 10.5 billion by 2030
Growth Rate CAGR of 9% From 2021 to 2030
Base year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Source, End Use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Air Liquide, Wärtsilä, Future Biogas Limited, PlanET Biogas Global GmbH, WELTEC BIOPOWER GMBH, Scandinavian Biogas Fuels International AB, EnviTec Biogas AG, Biofrigas Sweden AB, Ameresco

Market Segmentation

By Source

  • Municipal Waste
  • Animal Waste
  • Agricultural Waste
  • Others (including  Waste From Food, Wood, Paper, and Cardboard)

By End Use

  • Power Generation
  • Cogeneration
  • Heat
  • Others (including Fuel in Vehicles)

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Italy
    • France
    • Spain
    • Germany
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

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Research Methodology

The research methodology adopted by analysts for compiling the global biogas market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global biogas market.

Table of Contents

Chapter 1.   Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.   Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.   Executive Summary

3.1.  Market Snapshot

Chapter 4.   Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.   Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.   Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.   Global Biogas Market, By Source

7.1.  Biogas Market, by Source, 2021-2027

7.1.1.     Municipal Waste

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     Animal Waste

7.1.2.1.          Market Revenue and Forecast (2016-2027)

7.1.3.     Agricultural Waste

7.1.3.1.          Market Revenue and Forecast (2016-2027)

7.1.4.     Others (including  Waste From Food, Wood, Paper, and Cardboard)

7.1.4.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.   Global Biogas Market, By End Use

8.1.  Biogas Market, by End Use, 2021-2027

8.1.1.     Power Generation

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     Cogeneration

8.1.2.1.          Market Revenue and Forecast (2016-2027)

8.1.3.     Heat

8.1.3.1.          Market Revenue and Forecast (2016-2027)

8.1.4.     Others (including Fuel in Vehicles)

8.1.4.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.   Global Biogas Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.     Market Revenue and Forecast, by Source (2016-2027)

9.1.2.     Market Revenue and Forecast, by End Use (2016-2027)

9.1.3.     U.S.

9.1.3.1.          Market Revenue and Forecast, by Source (2016-2027)

9.1.3.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.1.4.     Rest of North America

9.1.4.1.          Market Revenue and Forecast, by Source (2016-2027)

9.1.4.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.2.  Europe

9.2.1.     Market Revenue and Forecast, by Source (2016-2027)

9.2.2.     Market Revenue and Forecast, by End Use (2016-2027)

9.2.3.     UK

9.2.3.1.          Market Revenue and Forecast, by Source (2016-2027)

9.2.3.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.2.4.     Germany

9.2.4.1.          Market Revenue and Forecast, by Source (2016-2027)

9.2.4.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.2.5.     France

9.2.5.1.          Market Revenue and Forecast, by Source (2016-2027)

9.2.5.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.2.6.     Rest of Europe

9.2.6.1.          Market Revenue and Forecast, by Source (2016-2027)

9.2.6.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.3.  APAC

9.3.1.     Market Revenue and Forecast, by Source (2016-2027)

9.3.2.     Market Revenue and Forecast, by End Use (2016-2027)

9.3.3.     India

9.3.3.1.          Market Revenue and Forecast, by Source (2016-2027)

9.3.3.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.3.4.     China

9.3.4.1.          Market Revenue and Forecast, by Source (2016-2027)

9.3.4.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.3.5.     Japan

9.3.5.1.          Market Revenue and Forecast, by Source (2016-2027)

9.3.5.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.3.6.     Rest of APAC

9.3.6.1.          Market Revenue and Forecast, by Source (2016-2027)

9.3.6.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.4.  MEA

9.4.1.     Market Revenue and Forecast, by Source (2016-2027)

9.4.2.     Market Revenue and Forecast, by End Use (2016-2027)

9.4.3.     GCC

9.4.3.1.          Market Revenue and Forecast, by Source (2016-2027)

9.4.3.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.4.4.     North Africa

9.4.4.1.          Market Revenue and Forecast, by Source (2016-2027)

9.4.4.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.4.5.     South Africa

9.4.5.1.          Market Revenue and Forecast, by Source (2016-2027)

9.4.5.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.4.6.     Rest of MEA

9.4.6.1.          Market Revenue and Forecast, by Source (2016-2027)

9.4.6.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.5.  Latin America

9.5.1.     Market Revenue and Forecast, by Source (2016-2027)

9.5.2.     Market Revenue and Forecast, by End Use (2016-2027)

9.5.3.     Brazil

9.5.3.1.          Market Revenue and Forecast, by Source (2016-2027)

9.5.3.2.          Market Revenue and Forecast, by End Use (2016-2027)

9.5.4.     Rest of LATAM

9.5.4.1.          Market Revenue and Forecast, by Source (2016-2027)

9.5.4.2.          Market Revenue and Forecast, by End Use (2016-2027)

Chapter 10.  Company Profiles

10.1.                 Air Liquide

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.                 Wärtsilä

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.                 Future Biogas Limited

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.                 PlanET Biogas Global GmbH

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.                 WELTEC BIOPOWER GMBH

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.                 Scandinavian Biogas Fuels International AB

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.                 EnviTec Biogas AG

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.                 Biofrigas Sweden AB

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.                 Ameresco

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.             Quantum Green

10.10.1.                  Company Overview

10.10.2.                  Product Offerings

10.10.3.                  Financial Performance

10.10.4.                  Recent Initiatives

Chapter 11.  Research Methodology

11.1.                 Primary Research

11.2.                 Secondary Research

11.3.                 Assumptions

Chapter 12.  Appendix

12.1.                 About Us

12.2.                 Glossary of Terms

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