Market Definition
Biogas is a sustainable fuel that is created when microorganisms decompose organic matter—such as food or animal waste—in the absence of oxygen. Anaerobic digestion is the name given to this process. The waste material must be contained in an environment with no oxygen for this to happen.
Market Insights
The size of the global biogas market, which was estimated at USD 25.79 billion in 2022, is expected to increase by 5.4% CAGR during 2023-2030. According to our data, this market experienced a 5.8% fall in 2020 compared to the average annual increase during last five years. The COVID-19 epidemic has had an unprecedented and overwhelming impact on the world, and this industry has been hit by a negative demand shock in every region. When the pandemic is finished, this market’s demand and growth will cause CAR to drop back to its pre-pandemic levels. This gas is a combination of gases made from various raw materials, including urban trash, manure, and agricultural waste.
Multiple COVID-19-related limitations on movement, employment, and industry resulted in the removal of untold billions of barrels of oil and trillions of cubic meters of gas from the world’s energy grid in 2020. The biggest participants in the global market include China in the Asia Pacific region and European nations like Spain, the United Kingdom, Italy, Germany, and France. On the other hand, in order to stop the spread of this viral illness, these nations have implemented a number of regional and national level shutdowns of residential, commercial, and industrial operations. Due to this pandemic, numerous bioenergy projects around the world are experiencing significant difficulties.
One of the biggest worldwide issues is the lack of traditional fossil fuels combined with environmental damage. These issues are anticipated to be resolved with the introduction of renewable energy. This gas is essential for creating a civilization that is sustainable and reducing reliance on oil. The amount of methane in this gas is significant; it is further upgraded into biomethane. Natural gas vehicles can run on biomethan, a renewable fuel that has similar qualities to natural gas.
In comparison to fossil-based fuels, this gas can reduce greenhouse gas emissions by roughly 60% to 80%, according to the International Renewable Energy Agency (IRENA). Currently, about 150 gas stations in Germany offer 100% biomethane. Thus, increasing the production of automobiles is projected to boost the demand for biomethane.
Market Dynamics: Drivers
Conversion of Waste into Renewable Energy to Drive Market
As more people move from rural to urban areas, the demand for energy in metropolitan areas is currently rising quickly. Over 50% of the world’s population, according to the UN, resides in cities. Due to population growth, trash creation has also dramatically increased during the past few years. These wastes provide a serious threat to the environment and public health if they are not properly disposed of. Large-scale waste treatment facilities are therefore necessary. Several different organic materials can be used to create biogas. Thus, the waste management problem is turned into a cash potential by this gas system.
Demand for Upgraded Biogas will be High, Boosting Market Expansion
One of the biggest global issues is the lack of traditional fossil fuels combined with environmental damage. These issues are anticipated to be resolved with the introduction of renewable energy. This gas is essential in creating a civilization that is sustainable and reducing reliance on oil. This gas has a high methane component that is subsequently converted to biomethane. Biomethane can be used as a renewable fuel for natural gas cars and shares many of the same characteristics as natural gas. In comparison to fossil-based fuels, this gas can reduce greenhouse gas emissions by roughly 60% to 80%, according to the International Renewable Energy Agency (IRENA). Currently, about 150 gas stations in Germany offer 100% biomethane. Therefore, growing automotive manufacturing is anticipated to increase demand for biomethane.
Market Dynamics: Challenges
Huge Capital Investment for Biogas Plants Setup May Hinder Market Growth
High capital expenditures are needed for biogas facilities. The factory needs acres of land. Additionally, the cost of personnel, engineering, feedstock materials, and equipment is very high. Purchasing, storing, and sorting feedstock are time-consuming and expensive processes. Additionally, it costs money to run plants and sell and distribute this gas. Therefore, high setup and operating costs for facilities could restrain market expansion.
Market Segmentation
- Based on Feedstock Source, the Global Biogas market is segmented into
- Biowaste
- Municipal and Sewage Waste
- Agricultural Waste
- Energy Crops
- Others
- Based on Application, the Global Biogas market is segmented into
- Electricity Generation
- Heating
- Combine Heat and Power (CHP)
- Others
- Based on Geography, the Global Biogas market is segmented into
- Asia-Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
- All market revenue has been given in US Dollar.
Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030
Key Questions this Study will Answer
- What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global Biogas Market?
- What is the region wise industry size, growth drivers and challenges key market trends?
- What are the key innovations, opportunities, current and future trends and regulations in the Global Biogas Market?
- Who are the key competitors, what are their key strength and weakness and how they perform in Global Biogas Market based on competitive benchmarking matrix?
- What are the key results derived from the market surveys conducted during Global Biogas Market study?
- Introduction
- Product Definition
- Market Taxonomy
- Research Process
- Brief on Secondary Sources Used
- Primary Research
- Sample Size
- List of Companies Interviewed
- Market Sizing Model
- Assumptions Used
- Model Description
- Forecast Model
- Executive Summary
- Impact of COVID-19 on Global Biogas Market
- Global Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- Biowaste
- Municipal and Sewage Waste
- Agricultural Waste
- Energy Crops
- Others
- By Application
- Electricity Generation
- Heating
- Combine Heat and Power (CHP)
- Others
- By Region
- Asia-Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- By Competition
- By Feedstock Source
- Market Size & Forecast
- North America Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- Biowaste
- Municipal and Sewage Waste
- Agricultural Waste
- Energy Crops
- Others
- By Application
- Electricity Generation
- Heating
- Combine Heat and Power (CHP)
- Others
- By Country
- By Feedstock Source
- Market Size & Forecast
- Asia-Pacific Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- Biowaste
- Municipal and Sewage Waste
- Agricultural Waste
- Energy Crops
- Others
- By Application
- Electricity Generation
- Heating
- Combine Heat and Power (CHP)
- Others
- By Country
- By Feedstock Source
- Market Size & Forecast
- Europe Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- Biowaste
- Municipal and Sewage Waste
- Agricultural Waste
- Energy Crops
- Others
- By Application
- Electricity Generation
- Heating
- Combine Heat and Power (CHP)
- Others
- By Country
- By Feedstock Source
- Market Size & Forecast
- Latin America Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- Biowaste
- Municipal and Sewage Waste
- Agricultural Waste
- Energy Crops
- Others
- By Application
- Electricity Generation
- Heating
- Combine Heat and Power (CHP)
- Others
- By Country
- By Feedstock Source
- Market Size & Forecast
- Middle East & Africa Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- Biowaste
- Municipal and Sewage Waste
- Agricultural Waste
- Energy Crops
- Others
- By Application
- Electricity Generation
- Heating
- Combine Heat and Power (CHP)
- Others
- By Country
- By Feedstock Source
- Market Size & Forecast
- United States Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Canada Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- United Kingdom Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Germany Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- France Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Italy Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Spain Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- The Netherlands Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Finland Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Ireland Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- China Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Japan Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- India Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Australia Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Thailand Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Bangladesh Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- South Korea Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Vietnam Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Philippines Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Singapore Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Brazil Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Mexico Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Argentina Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Chile Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- GCC Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- South Africa Biogas Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- By Volume
- Market Share & Forecast
- By Feedstock Source
- By Application
- Market Size & Forecast
- Global Biogas Market Trends
- Global Biogas Market Dynamics
- Growth Drivers
- Challenges
- Impact Analysis
- Global Biogas White Market Space
- Global Biogas Pricing Analysis
- Competition Outlook
- Competition Matrix
- Target Markets
- Research & Development
- Collaborations & Strategic Alliances and Key Business Expansion Initiatives
- Business Restructuring- Mergers, Acquisitions, JVs and Strategic Initiatives
- Company Profiles (Business Description, Product Segments, Business Segments, Financials, Key Customers, Strategic Alliances/ Partnerships, Future Plans)
- Competition Matrix
Disclaimer
