openPR Logo
Press release

Biogas Market is Expected to Grow at a steady 6.80 % CAGR Over the Forecast Period of 2021 to 2031

08-10-2022 05:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Biogas Market

Biogas Market

As per a Future Market Insights (FMI), the global biogas market is projected to grow at a steady 6.80% CAGR over the forecast period from 2021 to 2031. The overall market size is expected to top US$ 61.2 Bn by 2031, with the U.S., Germany, India, and China emerging as key producers and exporters of biogas.

Shifting focus on renewable sources of energy to reduce fossil fuel dependency is a chief factor driving sales of biogas across various countries. In addition to this, governments in several countries are promoting the adoption of biogas as vehicular fuel, which is expected to augment growth of the market through 2031.

Sales prospects of biogas were dampened due to COVID-19 outbreak. However, with resumption in trade activities, recovery of the biogas market is on cards. FMI has projected demand for biogas to grow year-over-year by 7.10% globally between 2020 and 2021.

Get a Sample Copy of the Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-1397

The introduction of circular economy and increasing utilization of anaerobic digestion plants for biogas production are expected to emerge as lucrative trends in the biogas market. A circular economy promotes the reintroduction of wastes in the supply chain, improves waste management, and provides essential lipids for biogas production.

Apart from this, increasing adoption of biogas as vehicular fuel is also expected to fuel growth of the market. Countries such as Germany, Sweden, the U.K., and the U.S. are actively investing in biogas as an alternative to biofuels. This, in turn, is expected to push sales of biogas over the assessment period.

 "Growing demand for biogas for household cooking applications, along with government-backed subsidies encouraging the usage of biogas in emerging economies are expected to bode well for the global biogas market through 2031," says an FMI analyst.

Key Takeaways:

Based on source, the municipal segment is expected to expand at a steady pace over the forecast period, due to increasing utilization of municipal solid waste (MSW) for biogas production.
In terms of applications, sales of biogas in the electricity segment are projected to continue rising in response to growing demand for renewable sources of energy.
The U.S. will emerge as a lucrative biogas market, with sales growing at a 6.10% CAGR in the North America region.
Germany will continue exhibiting high demand for biogas due to stringent regulations regarding carbon neutrality. The Europe biogas market is poised to grow at a 5.90% CAGR through 2031.
China is expected to remain one of the key producers and exporters of biogas, accounting for a dominant share of the global biogas market.
Japan and South Korea will collectively account for 7.40% of the total biogas market share in 2021.

Request for Customization @ 
https://www.futuremarketinsights.com/customization-available/rep-gb-1397

Competitive Landscape

Air Liquide, Wartsila, EnviTech Biogas AG, Asia Biogas, SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB, Schmack Biogas GmbH, Swedish Biogas International AB, PlanET Biogas Global GmbH, S. P. Renewable Energy Source Pvt. Ltd, Agrinz Technologies GmbH, and Greenlane Biogas are among the leading players operating in the global biogas market.

As per FMI's analysis, top 5 players comprising Total SA, Air Liquide, Wartsila, Planet Biogas Global GmbH, and EnviTec Biogas AG are projected to hold around 27.10% of the total biogas market share in 2021.

Leading players operating in the biogas market are focusing on production facility expansions through mergers, acquisitions, and collaborations. This is expected to assist manufacturers in gaining a competitive edge in the market. For instance:

In October 2021, EnviTech Biogas AG announced a strategic collaboration with BALANCE Erneuerbane Energien GmBH to build a bio-LNG (liquified natural gas) liquefication plant in Germany.
In December 2020, Scandinavian Biogas Fuels International AB, a key producer of biogas in the Nordics, announced that it has finalized the acquisition of Ekdalens Biostransport AB. The acquisition is a part of Scandinavian Biogas's plans to achieve greater integration across the entire value chain, from organic waste to biogas and bio-fertilizers.

Ask An Analyst @ 
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-1397

More Insights into the Biogas Market Report

In its latest report, FMI offers an unbiased analysis of the global biogas market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.

In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of source (agriculture, municipal, industrial, and others), and applications (electricity, heat, vehicle fuel, and others) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

Explore FMI's Extensive ongoing Coverage on Chemicals & Materials Domain

Biocide Market: https://www.futuremarketinsights.com/reports/latin-america-Biocide-market

Biophotonics Market: https://www.futuremarketinsights.com/reports/global-biophotonics-market

Contact Us

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
Report:  https://www.futuremarketinsights.com/reports/biogas-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Biogas Market is Expected to Grow at a steady 6.80 % CAGR Over the Forecast Period of 2021 to 2031 here

News-ID: 2701926 • Views:

More Releases from Future Market Insights

Workstation Software Market to Soar to USD 43.9 Billion by 2035, Fueled by 3D Modeling and VR Innovation
Workstation Software Market to Soar to USD 43.9 Billion by 2035, Fueled by 3D Mo …
Rising Demand for Workstation Software Across Industries The global workstation software market is set for robust growth, driven by increasing demand for advanced visualization, simulation, and design tools across industries such as manufacturing, architecture, media, and entertainment. Valued at USD 14.8 billion in 2025, the market is projected to reach USD 43.9 billion by 2035, registering a compound annual growth rate (CAGR) of 11.5%. This surge reflects the rising complexity of
Bean Flour Market Set for Robust Growth in the USA at 6.27% CAGR Through 2035
Bean Flour Market Set for Robust Growth in the USA at 6.27% CAGR Through 2035
The global bean flour market is entering a period of remarkable expansion, driven by surging demand for plant-based nutrition and gluten-free alternatives. Analysts forecast the market to grow from USD 5,075.3 million in 2025 to USD 9,262.0 million by 2035, reflecting a CAGR of 6.2%. This trajectory highlights an unparalleled opportunity for manufacturers to address evolving consumer preferences while enhancing sustainability and profitability. As the world shifts towards cleaner diets and
Blueberry Ingredient Market Set to Soar with 6.27% Growth in the USA by 2035
Blueberry Ingredient Market Set to Soar with 6.27% Growth in the USA by 2035
The blueberry ingredient industry has firmly established itself as a cornerstone of the functional foods, nutraceuticals, and natural flavoring sectors. Analysts project the market valuation to reach approximately USD 2.8 billion by 2025, with a robust CAGR of 6.5% forecasted from 2025 to 2035. This growth is being fueled by the escalating demand for clean-label products, plant-based formulations, and functional solutions across the food, beverage, and cosmetic industries. Click Here for
Activated Cake Emulsifier Market Set for 6.27% Growth in the USA, Poised to Transform Baking Innovation by 2035
Activated Cake Emulsifier Market Set for 6.27% Growth in the USA, Poised to Tran …
The activated cake emulsifier market is entering a transformative phase, driven by evolving consumer preferences toward premium, high-quality bakery products. Estimated to reach USD 1,343.2 million in 2025, the market is projected to achieve USD 2,360.5 million by 2035, representing a robust 5.8% CAGR over the next decade. This growth offers a strategic opportunity for manufacturers to meet rising consumer demands while future-proofing operations through innovation, regional customization, and sustainability. Click

All 5 Releases


More Releases for Biogas

Biogas Plants Market Next Big Thing | IES Biogas, EnviTec Biogas, Air Liquide, S …
Latest Study on Industrial Growth of Biogas Plants Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Biogas Plants market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments
Biogas Power Plant Market Next Big Thing | Scandinavian Biogas, PlanET Biogas Gl …
Latest Study on Industrial Growth of Biogas Power Plant Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Biogas Power Plant market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends
Biogas Technology Market to See Huge Growth | EnviTec Biogas, PlanET Biogas, Zor …
Advance Market Analytics added research publication document on Worldwide Biogas Technology Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Biogas Technology market. The study provides valuable market size data for historical (Volume** & Value) from 2017 to 2021 which is estimated and forecasted till 2027*. Some
Europe Biogas Market Excellent Revenue Growth 2024 by IES Biogas, Xergi, ENGIE, …
Europe biogas market is set to witness strong growth on account of growing focus toward decarbonizing the energy sector supported by a multitude of legislative schemes and policies. The EU Directive 2009/28/EC establishes common legislative framework concerning the use of energy from renewable sources with an objective to minimize greenhouse gas emissions. Increased production and use of biogas to support the circular economy and renewable energy mix will stimulate the
Viessmann, CH4 Biogas listed in Study of Europe Biogas Market - 2024 by IES Biog …
The popularity of biogas as a renewable energy source has exponentially soared in the last few years, massively impacting Europe biogas market. Unlike fossil fuels like oil and coal, biogas does not add to the greenhouse effect, a factor that has encouraged the European Union to undertake favorable measures for promoting the utilization of this eco-friendly fuel, providing a further stimulus to Europe biogas market. Many European countries have been
Biogas Plant Market : AmerescoInc., PlanET Biogas Global, Scandinavian Biogas, …
Industry Overview of Biogas Plant Market : Excellence consistency maintains by Garner Insights in Research Report in which studies the global Biogas Plant market status and forecast, categorizes and Equipment. The Global Biogas Plant Market Report provides a detailed analysis of the current dynamics of the market with an extensive focus on the secondary research. It also studies current situation of the market estimate, share, demand, development patterns, and forecast in the coming