Biogas Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Biogas Market grew at a CAGR of 5.9% between 2017-2021 and is estimated to be US$ 57,421.8 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 6.4% and is expected to reach a valuation of US$ 1,06,780.8 Mn by 2032 end.
Improved government policies are expected to drive increased production and consumption of Biogas. These policies will include increasing transportation fuel use targets for renewable fuels, promoting the distribution of renewable energy sources, and providing incentives for using clean and renewable energy sources.
ChemView Consulting has analyzed that Biogas’s perception of the role has changed over the years. Biogas was traditionally seen as a means to treat a range of wet organic wastes, predominantly from municipal and industrial sources, and more recently, Biogas as a renewable energy source.
The end user could also be driven by the production of combined heat and power or upgraded with renewable gas in biomethane, either injected into the gas grid or utilized as fuel. The next stage will be associated with a fundamental change in future renewable smart energy systems with a significant shift towards variable renewable electricity in the energy mix.
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Segments Covered in Report
- Industrial and Others
- Vehicle Fuel
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Biogas Market
- Based on source, at 60.0% of the market, the municipal segment had the greatest revenue share. Favorable regulatory policies, along with rising government investments, will further boost the adoption of Biogas in the country.
- Based on the application, the Electricity application market will rule. The world saw a constant increase in global electricity generation due to increasing energy demand from ever-increasing population levels, industrialization, and urbanization.
- Based on Region, the Europe market held a sizeable revenue share of 39.4 %in 2021. In emerging economies, rapid population development has raised the need for electricity. Over the next seven years, Biogas Plant will increase flexibility and reduce power disruptions by installing Biogas Plant.
Key companies covered in the market study are Air Liquide, Wartsila, EnviTech Biogas AG, Asia Biogas, SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB, Schmack Biogas GmbH, Swedish Biogas International AB, PlanET Biogas Global GmbH, S. P. Renewable Energy Source Pvt. Ltd, Agrinz Technologies GmbH, Greenlane Biogas
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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