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Renewable Energy Revolution Is The Driving Forces Behind The Surge In The Biogas Plant Market: Powering Innovation and Expansion in the Biogas Plant Market by 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Biogas Plant Market Through 2025?
The market size for biogas plants has seen robust growth in the past few years. It is projected to expand from $4.2 billion in 2024 to $4.6 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.4%. This growth during the historical period can be credited to regulatory landmarks, urban waste management programs, early market evolution, innovative biogas solutions, initiatives in communities and rural areas, and a combination of public consciousness and education.
What's the Projected Size of the Global Biogas Plant Market by 2029?
In the coming years, the biogas plant market is anticipated to experience swift expansion, reaching $6.91 billion in 2029 with a compound annual growth rate (CAGR) of 10.7%. The projected growth during this period can be credited to the rise in bio-CNG and biofuel, development of urban infrastructure, strategies for a circular economy, emphasis on waste management, and integration with the agricultural sector. Moreover, the trend factors propelling this growth include the demand for renewable energy sources, government incentives and policies, objectives to mitigate climate change, initiatives for rural development, and advances in technology.
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Top Growth Drivers in the Biogas Plant Industry: What's Accelerating the Market?
The escalating utilization of renewable energy sources is propelling the growth of the biogas plant market. Renewable energy, also referred to as energy derived from natural sources, encompasses bioenergy sources such as biogas and biomethane. The shift towards renewable energy sources is prominent in many developing countries because they generate lesser CO2 compared to traditional energy sources, and biogas plants are instrumental in producing biogas, a type of renewable energy. For example, based on the findings of the International Energy Agency, an autonomous intergovernmental organization in France, the global share of renewables is projected to elevate to 33% by 2025, as recorded in May 2023. Consequently, the expansive use of renewable energy sources is fueling the growth of the biogas plant market.
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What Trends Will Shape the Biogas Plant Market Through 2029 and Beyond?
The trend of strategic alliances is getting more attention within the biogas plant market. Leading firms in this industry are entering into partnerships to solidify their market standing. For instance, Belenergia s.a., a company based in France that develops renewable energy production projects, forged a partnership with PRODEVAL, another France-based firm specializing in biogas production and treatment, in June 2022. This alliance allows the two companies to pool their knowledge within the biogas field. Subsequently, in September 2023, Germany's Bilfinger SE, an engineering and industrial services corporation, established a strategic alliance with Reverion GmbH. The primary objective of this partnership is to commercialize and facilitate the industrial implementation of Reverion's pioneering fuel cell-based modular power plant, a system optimized for generating and storing energy. This strategic alliance brings a revolutionary method of generating eco-friendly and efficient energy to the industry.
What Are the Main Segments in the Biogas Plant Market?
The biogas plantmarket covered in this report is segmented -
1) By Biogas Plant Type: Small-Scale Digesters, Medium-To-Large-Scale Digesters
2) By Digester Type: Dry Anaerobic Digestion, Wet Anaerobic Digestion
3) By Feedstock: Energy Crops, Agriculture Residue, Bio-Municipal Waste, Other Feedstocks
4) By Application: Power Generation, Heat Generation, Transportation
Subsegments:
1) By Small-Scale Digesters: Household Digesters, Community Digesters, Portable Digesters
2) By Medium-To-Large-Scale Digesters: Agricultural Digesters, Industrial Digesters, Municipal Waste Digesters
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Which Top Companies are Driving Growth in the Biogas Plant Market?
Major companies operating in the biogas plant market are 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.
Which Regions Will Dominate the Biogas Plant Market Through 2029?
Europe was the largest region in the biogas plant market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biogas plant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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