PUNE, India, July 17, 2024 /PRNewswire/ -- The Biogas
Market size was valued at USD 65.4
Billion in 2023 and the total Biogas Market revenue is
expected to grow at a CAGR of 4.52% % from 2024 to 2030, reaching
nearly USD 89.12 Billion.
Reports on competitive analyses encompass company overviews,
financial performances, product portfolios, and strategies of key
players in the Biogas market. To assess strengths and weaknesses, a
comprehensive SWOT analysis was conducted, while a PESTLE analysis
was carried out to understand the impact of macroeconomic factors
on the market. Also, the report includes detailed analyses of
investments made by market players to enhance their global
presence.
The research methodology utilized in analysing the Biogas market
encompasses a thorough approach that combines primary data which is
often collected through surveys, interviews, and focus groups with
industry experts and stakeholders such as government and regulatory
bodies, biogas plant developers and operators, feedstock suppliers,
technology providers, investors and financial institutions, energy
companies and utilities and environmental and community
organizations. This allows for firsthand insights into market
trends, consumer behaviour, and regulatory challenges and secondary
research utilizing reports from government sources, industry
publications, and financial statements. Market sizing and
forecasting techniques are employed alongside competitive analysis
to provide valuable insights into the market landscape. It also
includes trade balance, market entry strategies, costs in different
region, technology adoption, regulatory framework, compliance
requirements and customer demographics which makes it an investor's
guide. The report encompasses Feedstock, End Use and Application
segments and their analysis, which elucidates their influence on
the market. The estimation methodology often adopts a bottom-up
approach to accurately determine market sizes.
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Global Biogas Market 2023-2030: Key Highlights
Market Size in
2023:
|
USD 65.4 Bn
|
Market Size in
2030:
|
USD 89.12 Bn
|
CAGR:
|
4.52 %
|
Forecast
Period:
|
2024-2030
|
Base
Year:
|
2023
|
Number of
Pages:
|
229
|
No. of
Tables:
|
138
|
No. of Charts and
Figures:
|
193
|
Regional
Scope:
|
North America, Europe,
Asia Pacific, and Africa, South America
|
Report
Coverage:
|
Market Share, Size and
Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers,
Restraints, Investment Opportunities, and Key Trends, Competitive
Landscape, Key Players Benchmarking, Competitive Analysis, MMR
Competition Matrix, Competitive Leadership Mapping, Global Key
Players' Market Ranking Analysis.
|
- Historic Market Size 2017-2023
- CAGR of the market during 2024-2030.
- Detailed information on factors that will assist Biogas market
growth during the next seven years.
- An estimation of the Biogas market size and the impact of
country's GDP on Biogas market.
- Forecasts on upcoming trends and changes in consumer
behaviour.
- The growth of the Biogas market
- Analysis of the competitive landscape and detailed information
on companies.
- Comprehensive details of factors that will impede the growth of
Biogas companies.
Competitive Landscape
The Biogas Market includes the presence of several global as
well as regional key players. A few prominent players that offer
Biogas in the market are Babcock & Wilcox (USA), Biokraft (Norway) Carbotech Gas Systems (Germany), DMT Environmental Technology
(Netherlands), DVO, Inc
(USA) EnviTec
Biogas (Germany), Greenlane
Renewables (Canada), MT-Energie
GmbH (Germany) and others.
What's New: Recent Additions and Updates?
- Expansion into Southeast Asia,
South America, and Africa.
- Localization efforts for new markets.
- Technological Advancements
- New Streaming Partnerships and Platforms
- Innovative Marketing Strategies
- Financial Performance and Investment
- Consumer Behavior and Trends
- Regulatory Changes and Challenges
- Consumer Technology Integration.
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Market Overview
Biogas is a renewable and environmentally friendly gas produced
during the anaerobic digestion of organic matter, like agricultural
residues, sewage, animal manure, and food waste. The advancement of
biogas varies globally, influenced not only by the availability of
feedstocks but also by supportive policies. China, Europe, and the
United States account for 90% of worldwide production.
According to the American Biogas Council, the growing of the U.S.
biogas market is driven by increased domestic investments and
renewable energy production. In 2023, 96 new biogas projects
developed operational in the U.S., bringing the total number of
active projects to 2,251 and indicating $39
billion in capital investment.
The development of the biogas sector has been heavily influenced
by policy frameworks in various countries and regions, which,
through broad renewable energy targets, have positioned most biogas
plants in Europe to take advantage
of tax credits on in the food supply chain and support renewable
electricity generation. In contrast, development finance in
developing countries facilitated the use of biodigesters in
households and communities to ensure energy access in the
realization of rural Sustainable Development (SDS). To rapidly
produce biogas, with special focus on installing domestic biogas
digesters to provide cleaner solutions in rural developing country
areas Up to 5 million biodigesters need to be replaced annually
Furthermore, medium-sized and medium-sized biodigesters are used to
capture agricultural wastes, benefiting from increased economies of
scale and lower costs.
Agriculture employs half of the labour force in Africa, meaning biogas is a strong contender
for greater spread in society. Current biogas consumption is about
5 000 inches (6 million m3 of natural gas equivalent), and
consumption is highest in countries with specific subsidy policies
for this fuel. MMR report estimates that Africa has the potential to supply about 50
Mtoe of carbon-free biogas produced locally, primarily through
domestic biodigesters. This capacity doubles to about 100 Mtoe by
2040, at an average cost of USD
15/MBtu. The case for biogas development in Africa is strongest in rural areas with large
farms. Crop residues, mainly grains, account for about 60% of the
total capacity, animal waste about 25%, and most of the MSW
residues. The picture changes slightly at the end of the forecast
period as further urbanization increases MSW availability and the
expected change in diet depends on animal and therefore animal
waste movements behind the surface.
Biogas has a long history in China, and received continuous support of
state after 2000, from one billion
yuan a year, to 4 billion, up to 6 billion, focused on small
digester for farmers' household use. Since 2014, it has been
progressively modified to support large industrial biogas projects
for conversion and development Industry. The biomethane potential
in China is between 150 billion
and 200 billion Nm3 per year. The biomethane industry is still in
its infancy with an annual capacity of only 300 million
Nm3. The policy and standard system need to be formed and
improved.
In conclusion, the demand for Biogas is constantly increasing
worldwide, driven by factors such as increase in agricultural
operations results in a corresponding rise in organic waste from
animal manure, crop residues, and other byproducts. The Maximize
Market Research report captures these trends in detail across
various regions. It provides a comprehensive analysis of market
trends, consumer preferences and competitive landscape in each
category. This comprehensive perspective provides stakeholders with
valuable information to navigate opportunities and challenges, and
ensures strategic decisions for sustainable growth in the global
Biogas market.
Segment Overview
MMR has segmented the market based on
By Feedstock
- Agricultural Waste
- Municipal Waste
- Industrial Waste
By End Use
- Residential
- Commercial
- Industrial
By Application
- Electricity Generation
- Biofuel Production
- Heat Generation.
Based on Feedstock segment biogas market is segmented by
Agricultural waste, Municipal waste, and Industrial. Agricultural
waste has emerged as a dominant feedstock in the global biogas
market, holding approximately 76.23% of the market share in 2023.
The agricultural sector generates a substantial amount of organic
waste, involving crop residues, animal manure, and agricultural
byproducts. This abundance of agricultural waste ensures a
consistent and reliable source of feedstock for biogas production,
meeting the industry's raw material requirements effectively. Also,
agricultural waste possesses remarkable energy potential owing to
its high organic content. This organic matter, consisting of
lignocellulosic materials and livestock manure, can be efficiently
converted into biogas through anaerobic digestion. The energy
content of agricultural waste makes it a valuable resource for
biogas production, enabling the generation of renewable energy
while simultaneously reducing reliance on fossil fuels.
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Detailed segmentation values for each segment and
explanations for growth are provided in the final report.
Geography Overview
In 2023, Europe was the
dominant regional segment, accounting for about 38.88% of the
revenue share. The European biogas market is growing due to
technological advances and increasing investments in refinery
infrastructure. Companies across Europe are investing heavily in research and
development of biogas produced from existing sources and are
planning to increase their share of the food supply over the next
few years. This will boost the regional biogas market.
The biogas market in the Asia-Pacific (APAC) region has been
experiencing significant growth owing to increasing energy demand,
rapid industrialization, rising agricultural activities, and a
strong focus on environmental sustainability and renewable energy
growth. Major countries such as China and India are leading the growth of biogas market
in APAC due to supportive government policies, significant biogas
capacity, renewable energy, waste management, environmental
sustainability and rural development and with the increasing
adoption of biogas technology.
Biogas, a renewable energy source derived from organic waste,
has great potential to transform agriculture in India. As the country strives to promote
sustainable development and reduce carbon emissions, the use of
biogas technology can meet energy needs, encourage waste management
and improve agricultural production to the sky. However, several
challenges hinder its widespread implementation. Key challenges
include lack of knowledge and information about biogas technology
and its benefits among farmers and stakeholders, high initial
investment costs, poor quality inputs materials, storage and
distribution, lack of technical know-how and maintenance capacity.
Furthermore, the inconsistency in the availability and quality of
organic wastes poses significant constraints. Government support
and incentives such as those provided by the National Biogas and
Manure Management Program (NBMMP) are needed to address these
challenges. Building awareness and capacity through seminars and
training programs, investing in R&D to improve technology and
food supply, and fostering public-private partnerships to utilize
resources and expertise are done important strategies for promoting
the adoption of biogas in Indian agriculture.
In the final report, past and future numbers and explanations
are incorporated seamlessly to provide a comprehensive
understanding of the Global Biogas market.
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