Rising Research And Development Initiatives Propel Growth In The Biogas Market: Key Factor Driving The Growth In The Biogas Market

The Biogas Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Biogas Market Size During the Forecast Period?
In the last few years, the size of the biogas market has experienced significant growth. A rise from $82.1 billion in 2024 to $88.79 billion in 2025 is predicted, with a compound annual growth rate (CAGR) of 8.1%. The growth during the historic period is due to factors such as the emergence of new markets, heightened demand for eco-friendly energy sources, the substantial environmental burden of traditional power generation methods, an expanding demand from the automotive and transportation industries, and rising fuel prices.

The biogas market is projected to experience significant expansion in the coming years, escalating to a valuation of $115.12 billion by 2029, boasting a compound annual growth rate (CAGR) of 6.7%. This boost during the projected period will likely be a result of factors including governmental backing, the rise in global populace coupled with urbanization, a shift towards other forms of power production, a heightened global consciousness towards cutting greenhouse gas releases, and a surge in research and development (R&D) initiatives. Key trends to look out for during this forecast period encompass a concentration on liquified biogas, fresh capital infusions, advancements in technology, innovation in products, strategic alliances and partnerships, and expansions of facilities.

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What Are the High-Growth Segments in the Biogas Market?
The biogas market covered in this report is segmented -

1) By Source: Municipal Waste, Industrial Waste, Agricultural Waste, Other Sources
2) By Application: Residential, Commercial, Industrial
3) By End-User: Power Generation, Heat Generation, Cogeneration, Other End-Users

Sebsegments:
1) By Municipal Waste: Food Waste, Yard Waste, Sewage Sludge, Organic Fraction Of Municipal Solid Waste (OFMSW)
2) By Industrial Waste: Food Processing Waste, Dairy Waste, Brewery Waste, Pharmaceutical Waste
3) By Agricultural Waste: Crop Residues (Straw, Husks), Animal Manure (Cattle, Poultry, Swine), Agro-Industrial By-Products
4) By Other Sources: Landfill Gas, Wastewater Treatment Plant Effluent, Energy Crops

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What Key Drivers Are Expected to Influence Future Biogas Market Growth?
The growth of the biogas market will be driven by the escalating efforts in research and development. Biofuels, derived from biomass sources like plants or microalgae rich in hydrocarbons, are created through thermal, chemical, or biochemical conversion processes. These biofuels, including biodiesel, biogas, and syngas, are burnt to produce energy. The research and development endeavors encompass various stages such as fabrication, processing, experimentation, and scrutinizing the materials with the aid of diverse technologies to improve the final products. Illustratively, the US Department of Energy (DOE) revealed in January 2023, an investment of over $100 million to amplify the US biofuels output, in line with the Biden administration's strategy to mitigate greenhouse gas emanations from transportation and achieve climate objectives. The DOE intends to allocate $118 million to 17 projects aiming to expedite the biofuels production from biomass sources such as agricultural waste, soybean oil, and animal fats. This contribution complements the over $500 million the DOE has invested into bioenergy and biorefinery innovation and development for the preceding two years. Hence, the surge in research and development initiatives will bolster the biogas market.

Which Companies Hold the Largest Share Across Different Biogas Market Segments?
Major companies operating in the biogas market include Engie SA, Air Liquide, EnviTec Biogas AG, Hitachi Zosen Corporation, Gasum Oy, Ameresco, Wartsila, Schmack Biogas GmbH, Future Biogas Limited, Weltec Biopower GmbH, Green Elephant India Private Limited, Spectrum Renewable Energy Pvt. Ltd., Atmos BioEnergy, Biogas Engineering India Pvt Ltd, Nikkiso Clean Energy & Industrial Gases Group, Aqua Society Co. Ltd., AAT Biogas Technology, Biogass Renewables Pty Ltd, Aquatec Maxcon, Cyy Bio Power Co. Ltd., K-BioPower Co. Ltd., New Energy Technology Co. Ltd., Mingshuo Environment Technology Group Co. Ltd., Hubei Kexin Environmental Energy Co. Ltd., Asia Biogas, Beijing Shenwu Environment & Energy Technology, TotalEnergies SE, Aerzener Maschinenfabrik GmbH, PlanET Biogas Group GmbH, Zorg Biogas GmbH, Evergaz, Veolia Environnement S.A., BTS Biogas Srl/GmbH, Biogas Systems Nord LLC, RosBio LLC, SIBIO LLC, BD Agro Renewables, Dynamic Biogas Development Sp. z o.o., Polish Biogas Group, DVO Inc., Greenlane Biogas, Nacelle, Paques Environmental Environmental Technologies Inc., Raven, Harp Renewables Limited, GranBio, CIBiogás, Ennox, Biomaster, Ecometano, Itaipu Biogas Plant, Masdar, Abu Dhabi National Oil Company, BEEAH Group, Bahwan Renewable Energy Company, ACWA Power, Neutral Fuels, Saudi Aramco, Bambino Bio Refinery Limited, HomeBiogas, Biogas Solutions, SAR Energy, Avenam Links Int`l Ltd.

What Trends Are Driving Growth in The Biogas Market?
Firms active in the biogas sector are concentrating on technological enhancements to solidify their market standing. For instance, Volvo Trucks, a truck-making company based in Sweden, rolled out a more powerful, gas-run truck in February 2023, which is capable of utilizing liquified biogas. The Volvo FH and FM gas-run trucks were boosted with an additional 500 horsepower to their previously existing 420 and 460 horsepower motors. In addition to this, the gas engines underwent substantial technological upgrades resulting in a fuel efficiency enhancement of up to 4%. Coupled with a newly introduced gas tank that's 10% larger, this has extended the trucks' range significantly.

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What Are the Emerging Geographies for The Biogas Market Growth?
Europe was the largest region in the biogas market in 2024. Asia-Pacific is expected to record the fastest growth over the forecast period. The regions covered in the biogas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Biogas Market?
2. What is the CAGR expected in the Biogas Market?
3. What Are the Key Innovations Transforming the Biogas Industry?
4. Which Region Is Leading the Biogas Market?

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