Biogas Plant Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast

"The Business Research Company recently released a comprehensive report on the Global Biogas Plant Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The biogas plant market size has grown rapidly in recent years. It will grow from $3.81 billion in 2023 to $4.21 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to regulatory milestone, urban waste management initiatives, early market development, pioneering biogas applications, community and rural initiatives, public awareness and education.

The biogas plant market size is expected to see rapid growth in the next few years. It will grow to $6.27 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to bio-cng and biofuel growth, urban infrastructure development, circular economy strategies, waste management focus, integration with agriculture. Major trends in the forecast period include renewable energy demand, government incentives and policies, climate change mitigation goals, rural development initiatives, technological advancements.

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Market Drivers and Trends:

The increasing CO2 emissions is expected to propel the growth of the biogas plant market going forward. CO2 emissions refer to the release of carbon dioxide (CO2) into the atmosphere, typically as a result of human activities, such as burning fossil fuels, deforestation, industrial processes, and certain chemical reactions. Biogas plants play a vital role in mitigating CO2 emissions by converting organic waste into a renewable energy source and providing a range of environmental and socio-economic benefits. For instance, in March 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, carbon dioxide (CO2) emissions from industrial processes and the burning of energy increased by 0.9% or 321 Mt (Million Tones) in 2022. Therefore, the increasing CO2 emissions is driving the growth of the biogas plant market .

Strategic partnerships are a key trend gaining popularity in the biogas plant market. Major companies operating in this sector are looking for partnerships to strengthen their position in the market. For instance, in June 2022, Belenergia s.a., a France-based developer of renewable energy production projects, collaborated with PRODEVAL, a France-based biogas producer and treatment company. This partnership enables both companies to share their expertise in the biogas sector. Furthermore, in September 2023, Bilfinger SE, a Germany-based engineering and industrial services company partnered with Reverion GmbH. The strategic partnership aims to commercialize and enable the industrialization of Reverion's cutting-edge fuel cell-based modular power plant, which generates and stores energy efficiently. This partnership introduces this ground-breaking method of producing energy efficiently and ecologically to the market .

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Major Key Players of the Market:

A2A SpA, AB Holding SpA, Agraferm GmbH, Air Liquide SA, Ameresco Inc., Biofrigas Sweden AB, BTS Biogas SRL/GmbH, Carbotech Gas Systems GmbH, Cryonorm BV, Cryostar SAS, Engie SA, EnviTec Biogas AG, Finn Biogas, Future Biogas Limited, FWE GmbH, Gasum Oy, Green Elephant, Greenlane Renewables Inc., IES BIOGAS Srl, Malmberg Water AB, Naskeo Environnement SA, PlanET Biogas Group, Primove Engineering Private Limited, Quantum Green Energy, Renergon International AG, Scandinavian Biogas Fuels International AB, Spectrum Renewable Energy Limited, Stirling Cryogenics India Pvt. Ltd., StormFisher Ltd., STRABAG SE, Swedish Biogas International AB, Thöni Industriebetriebe GmbH, Wärtsilä Oyj Abp, Weltec Biopower GmbH, Xebec Adsorption Inc.

Biogas Plant Market 2024 Key Insights:

• The biogas plant market size is expected to see rapid growth in the next few years. It will grow to $6.27 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%.
• Renewable Energy Revolution Is The Driving Forces Behind The Surge In The Biogas Plant Market
• Strategic Partnerships Driving Innovation And Market Growth In The Biogas Plant Market
• Europe was the largest region in the biogas plant market in 2023

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