The global biogas market size was valued at USD 65.4 billion in 2021and 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.
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.
Biogas Market 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 |
2020 – 2025 |
|
Base Year |
2020 |
|
Forecast Period |
2021- 2026 |
|
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 2021was valued at over USD 60 billion and is expected to grow over 8% by 2026. 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
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Biogas Market By Region, From 2021-2026 ( USD Billion )
Global Biogas Market By Source, From 2021-2026 ( USD Billion )
Global Agricultural Market By Region, From 2021-2026 ( USD Billion )
Global Municipal Market By Region, From 2021-2026 ( USD Billion )
Global Industrial Market By Region, From 2021-2026 ( USD Billion )
Global Biogas Market By Application, From 2021-2026 ( USD Billion )
Global Vehicle Fuel Market By Region, From 2021-2026 ( USD Billion )
Global Heat Generation Market By Region, From 2021-2026 ( USD Billion )
Global Power Generation Market By Region, From 2021-2026 ( USD Billion )
Global Biogas Market By Size, From 2021-2026 ( USD Billion )
Global <500 kW Market By Region, From 2021-2026 ( USD Billion )
Global 500 kW-3 MW Market By Region, From 2021-2026 ( USD Billion )
Global >3 MW Market By Region, From 2021-2026 ( USD Billion )
Global Biogas Market By Technology, From 2021-2026 ( USD Billion )
Global With Pre-Hydrolysis Market By Region, From 2021-2026 ( USD Billion )
Global Without Pre-Hydrolysis Market By Region, From 2021-2026 ( USD Billion )
Global Biogas Market By Process, From 2021-2026 ( USD Billion )
Global Landfill Market By Region, From 2021-2026 ( USD Billion )
Global Sewage Sludge Market By Region, From 2021-2026 ( USD Billion )
Global Anaerobic Digestion Market By Region, From 2021-2026 ( USD Billion )
Global Pyrolysis & Gasification Market By Region, From 2021-2026 ( USD Billion )
