The global biogas market size was valued at USD 65.4 billion in 2020 and is expected to grow at a CAGR of 5.24% during the outlook period. The production of biogas as a fuel is expected to eliminate various environmental problems associated with waste, as all organic matter is incorporated and its ability to be used as a form of biomass for further production. Specific government initiatives, for example, the biomass power generation and cogeneration program mentioned by India's Ministry of New and Renewable Energy, are likely to attract significant investment in this market. The industry incorporates substantial prospects for future development, as the market is set to emerge as a substitute for conventional fuels, which include diesel and gasoline. Besides a renewable energy source, the presence of carbon is lower in biofuel. It emits less greenhouse gases, which should stimulate demand for biogas to replace conventional fuels.
Increasing demand for biogas among farmers and various municipalities and industries, a process to meet the growing demand to use biogas as fuel, which is expected to strengthen the need for biogas plants in the coming years. However, the growth of the biogas market is attributed to the mitigation of greenhouse gases. In addition, a decline in crude oil reserves coupled with crude oil price shocks are expected to stimulate business growth. In addition, the growing vigilance of the increasing population towards the environment is expected to encourage the growth of the market.
In May 2020, Weltec Biopower will construct a biogas plant in Veria, Greece. The main investor in the project is one of the largest pig and cow slaughterhouses in Greece.
In April 2020, Ductor, a renowned Finnish-Swiss biotechnology company, confirmed building of three combined bio-fertilizer and biogas plants in Poland. The new facilities will be built in the Polish region of Zachodniopomorskie
In June 2020, Nordic energy company Gasum announced that it would open a liquefied natural gas (LNG) and liquefied LBG filling station near Arlanda Airport in Stockholm by the end of the year.
The global biogas market is driven by the increase in greenhouse gas emissions and their destructive impact on the environment. Various government agencies around the world are investing heavily in the production of renewable energy sources to reduce carbon emissions and ensure a stable and secure energy supply. Increased awareness of the precarious effect of greenhouse gas (GHG) emissions on the environment is believed to encourage the growing establishment of biomass production plants around the world. The production of biofuels helps to eliminate the problem of landfills and landfills, which is expected to have an optimistic impact on the demand for biogas.
Restraints:
The initial investment for the establishment of factories is high. Some countries provide financial assistance for the construction of these factories. However, financial assistance is also needed for the development and expansion of the plant. The process of sourcing and storing raw materials is long and expensive. Financial assistance and regulations are needed for the collection, classification, treatment, supply and distribution of raw materials, construction and operation of factories, and the sale and distribution of this gas. The output of the installation must be sufficient and consistent to cover the costs of installation and operation.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 – 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 - 2025 |
|
CAGR |
5.24% |
|
Segments Covered |
By Product, Type, Consumption, Distribution Channel and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Future Biogas Limited (U.K),Air Liquide (France),PlanET Biogas Global GmbH (Germany),Agrinz,Weltec Biopower GmbH (Germany),Viesmann,Scandinavian Biogas Fuels International AB (Sweden),EnviTec Biogas AG (Germany),Ameresco (U.S.),Quantum Green (India),Agraferm |
By Source
Depending on the source, the market is segmented into agricultural, municipal and industrial. One of the important factors driving the growth of the market is the increasing demand from the agricultural, industrial and municipal sectors for waste treatment techniques. The implementation of biogas as a renewable energy source in several developing and developed countries is another factor that is expected to support growth.
By Application
By application, the market is categorized into vehicle fuel, heat generation, power generation, and others. The power generation segment is estimated to lead the total global share during the estimated period as several countries turn to gas-fired power plants from coal-fired power plants due to an escalation in the emission of carbon dioxide. Therefore, the demand for gas-fired power plants is expected to drive the market.
By Size
The market below 500 kW will experience growth due to increased investment for the development of commercial and residential biogas plants. Changing trends towards decentralization of power generation systems and increasing investment in the deployment of energy efficient technologies will drive business growth. In addition, the shift in consumer preference for energy independence will further improve the outlook for the industry.
By Technology
The global biogas industry with prehydrolysis technology in 2020 was valued at over USD 60 billion and is expected to grow over 8% by 2025. Low costs, energy recovery and minimal production bio-solids are some prominent factors that promote adoption of hydrolysis technology in biogas plants. In addition, the growing demand for sludge stabilization will further stimulate business growth over the forecast period.
By Process
The anaerobic digestion market will experience growth due to ongoing initiatives to improve economic growth in the rural area as well as increasing demand for conservation of agricultural land. Improving soil health, energy independence and diversification of income streams are some of the important features that will lead to the installation of biogas plants.
Europe is expected to emerge as a predominant region during the estimated period. Several countries, such as Austria, Denmark and Germany, have a strong legal framework for renewable energy sources. The economic efficiency of the biomass plant is vital for the long-term growth of the industry.
Asia-Pacific is expected to experience significant growth over the next seven years, due to the high rate of agricultural production in developing economies, which include India, Indonesia and Thailand. The regions, like North America, is expected to experience substantial growth over the estimated period due to the increasing adoption of a renewable and alternative energy source.
The coronavirus pandemic has led to limitation on travel, work and markets, which are anticipated to cut billions of barrels of oil and trillions of cubic meters of gas from the global energy system by 2020. Due to this pandemic, Bioenergy projects around the world face significant challenges. The lack of availability of raw materials, components and technical support had a significant impact on the development of the project, resulting in delays. In March 2020, construction of the Tees Renewable Power Plant (Tees REP), a 299 MW biomass power plant in the UK, was kept on halt because of the COVID-19 pandemic.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Biogas Market, By Source
6.1.1 Agricultural
6.1.2 Municipal
6.1.3 Industrial
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Biogas Market, By Application
6.2.1 Vehicle Fuel
6.2.2 Heat Generation
6.2.3 Power Generation
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Biogas Market, By Size
6.3.1 <500 kW
6.3.2 500 kW-3 MW
6.3.3 >3 MW
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
6.4 Biogas Market, By Technology
6.4.1 With Pre-Hydrolysis
6.4.2 Without Pre-Hydrolysis
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Biogas Market, By Process
6.5.1 Landfill
6.5.2 Sewage Sludge
6.5.3 Anaerobic Digestion
6.5.4 Pyrolysis & Gasification
6.5.5 Market Size Estimations & Forecasts (2019-2024)
6.5.6 Y-o-Y Growth Rate Analysis
6.5.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Source
7.2.3 By Application
7.2.4 By Size
7.2.5 By Technology
7.2.6 By Process
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Source
7.3.3 By Application
7.3.4 By Size
7.3.5 By Technology
7.3.6 By Process
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Source
7.4.3 By Application
7.4.4 By Size
7.4.5 By Technology
7.4.6 By Process
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Source
7.5.3 By Application
7.5.4 By Size
7.5.5 By Technology
7.5.6 By Process
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Source
7.6.3 By Application
7.6.4 By Size
7.6.5 By Technology
7.6.6 By Process
8. Key Player Analysis
8.1 Future Biogas Limited
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Air Liquide
8.3 PlanET Biogas Global GmbH
8.4 Agrinz
8.5 Weltec Biopower GmbH
8.6 Viesmann
8.7 Scandinavian Biogas Fuels International AB
8.8 EnviTec Biogas AG
8.9 Ameresco
8.10 Agraferm
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
