Biogas Market by Latest Trend, Growing Demand and Technology Advancement 2020-2030

Transparency Market Research delivers key insights on the global biogas market. In terms of revenue, the global biogas market is estimated to expand at a CAGR of 9% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global biogas market.

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.

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Biogas Market: Prominent Regions

In terms of value, Europe dominated the global biogas market in 2019. 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.

Biogas Market: 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.

Biogas Market: 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.

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Global Biogas Market: Segmentation

Biogas Market, by Source

Municipal Waste

Animal Waste

Agricultural Waste

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

Biogas Market, by End Use

Power Generation

Cogeneration

Heat

Others (including Fuel in Vehicles)

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Remote Monitoring Systems for Small Scale Bio-digesters Reduce Operational Expenses

Stakeholders in the biogas market are gauging incremental opportunities in Africa and India. Connected Energy- a U.K.-based start-up specializing in smart metering technology is increasing efforts to reduce operational costs for energy service providers and increase localization of the value chain. Venture capitalists are empowering local companies to gain full control, while putting together their own product packages to make it available in local markets.

Rise in Awareness about Environmental Safety and Green Energy: Key Driver of Biogas Market

Rise in awareness about green energy, and implementation of stringent government rules and regulations on emission of greenhouse gases (GHGs) and carbon are compelling companies to introduce highly effective and pollution-free energy generation methods

Biogas is an organic, clean, and renewable source of energy. Utilization of biogas assists in addressing global environmental concerns up to a certain extent. Increase in usage of biogas and other renewable sources of energy would help reduce carbon dioxide emissions. The European Union has set a target to increase the share of renewable energy in the total energy by approximately 80% by 2050.

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Improper waste treatment can lead to health and environmental hazards. Therefore, governments of countries across the globe have enacted stringent environmental regulations regarding waste treatment.

Increase in disposable income and standard of living of the people in developing countries has boosted the demand for waste treatment. Agricultural waste, residential waste, sewage, and industrial effluents need to be properly treated and disposed. Biogas plants offer a viable solution of converting organic waste into biogas, which can be further utilized to produce electricity and heat.

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