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Biogas Market | Global Industry Trends, Size, Growth, Opportunity and Forecast 2027
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Market Overview
Over the decades demand for energy has been linearly rising this is owing to rapid urbanization and industrialization. This has resulted to depletion of conventional energy resources. Further, conventional resources emit high amount of carbon particles which has led to drastic change in temperature resulting to global warming. Awareness among population to contribute towards healthy environment is leading to surge in demand for clean energy resources. Furthermore, governments across globe are taking strict actions to control carbon footprints from power plants, industries, and transportation sectors.
According to International Energy Agency, electricity produced from low carbon emitting sources must increase from providing 36% of the world’s energy in 2020 to 85% by 2040. Biogas plants, which deliver surplus energy to the grid or methane to the gas grid, would become important link in a decentralized energy production system. Owing to above factors demand for bio would increase due to its ecofriendly nature.
COVID-19 Impact
The global impact of COVID-19 has been unprecedented and staggering, with biogas industry witnessing a negative demand shock across all regions amid pandemic. Further, pandemic caused industrial lockdown that brought all manufacturing activity to a grinding halt in most industries around the world. Hence, it has also impacted the biogas demand in heat generation applications. Sluggish industrial activities have reduced the demand for heat consumption, thereby negatively affecting the overall market growth.
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Global biogas market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Source, the market is primarily categorized into:
• Municipal Waste
• Animal Waste
• Agricultural Waste
• Others
Currently, agricultural waste holds considerable market share due to growing population leading to growth of food industry which is backed by agriculture sector. Thus large production of crop leads to more amount of waste. Agricultural waste includes organic waste generated in any farming related activities. As per Global Bioenergy Statistics, 3-14% of the total energy supply across the globe can be fulfilled by the energy generated from agricultural waste.
By End Use, the market is primarily studied into:
• Power Generation
• Cogeneration
• Heat
• Others
Based on end use, power generation hold lucrative market share. The growing focus on the usage of renewable energy, particularly in the electric power sector, has significantly increased the demand for biogas for electricity generation. For instance, in Germany, nearly 58 billion kWH of electricity was generated from biogas in 2020.
Global Biogas Market Region Segmentation Includes:
• North America
• Europe
• Asia Pacific
• Rest of World
Based on the estimation, Europe held considerable market share in 2020 and is expected to grow significantly during the forecast period (2021-2027). Increasing government initiatives and encouragement urging regional manufacturers to use sustainable fuel in the transportation sector represents the key driving factors that can help boost the market growth.
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The major players targeting the market includes:
• Scandinavian Biogas Fuels International AB
• EnviTech Biogas AG
• Air Liquide S.A.
• Pressure Technologies Plc.
• Himark Biogas Inc.
• DMT Environmental Technology
• MT-Energie GmbH
• Acrona Group
• Xebec Adsorption Inc.
• Weltec Biopower GmbH
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the Global context. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global biogas market. The major players have been analyzed using different research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the global biogas market?
• Which factors are influencing the global biogas market over the forecast period?
• What are the global challenges, threats, and risks in the global biogas market?
• Which factors are propelling and restraining the global biogas market?
• What are the demanding global regions of the biogas market?
• What will be the market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by the companies?
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UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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