Biogas Market (By Source: Municipal Waste, Animal Waste, Agricultural Waste, Others; By End Use: Power Generation, Cogeneration, Heat, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2021-2030

The global biogas market is anticipated to grow at a CAGR of 9% over the forecast period 2021 to 2030 and expected to reach value US$ 10.5 billion by 2030.

The global biogas market has been positively impacted by the rise in demand for biogas in power generation and automobile industries across the globe. Thus, increase in demand for biogas in power generation and automobile industries is propelling the global biogas market.

Companies around the world have been investing significantly in R&D of biogas, since the past few years in order to lower the cost of biogas. The cost of biogas has decreased over the past few years, due to technological advancements. It is anticipated to decline further in the near future. This decrease in the prices of biogas is projected to boost the global biogas market during the forecast period. 

Dynamics

The demand for biogas has been rising in automobile and power generation industries over the past few years, as it provides green energy and high power density. This is expected to boost the global biogas market. The number of countries accepting the Paris Climate Change Agreement has been increasing significantly. This agreement mandates countries to decrease their carbon footprint and greenhouse gases by reducing their dependence on fossil fuels, which presents significant potential for the adoption and implementation of biogas energy. Europe has enacted stringent regulations to lower carbon and greenhouse gas emission. This has boosted the consumption of biogas in the region.

Investments in the global biogas market have been rising significantly since the past few years. According to the American Biogas Council, the U.S. offers vast potential for the biogas industry. More than 14,900 new sites have the potential to produce biogas in the country. Of these, 8,500 sites are in the vicinity of dairy, poultry, and swine farms, while 3,878 are near water resource recovery facilities.

Increase in Demand for Biogas in Power Generation Application to Augment Biogas Market

• Waste material is used in biogas to generate energy and heat. Biogas is also an effective alternative to fossil fuel. It can be used in diverse applications, ranging from utility power stations to automobiles.
• Biogas can also help resolve the organic waste landfill issue by creating electricity and heat, as landfilling of waste can lead to air, land, and water pollution
• Awareness about pollution caused by fossil fuel and coal has been increasing since the past few years. Biogas releases lower emissions than combustion engines. Thus, focus on green fuel to generate power and heat has been rising. Biogas is expected to play a major role in power solutions.
• Thus, demand for biogas is estimated to increase in the near future, due to the environmental benefits it offers

Source Insights

On the basis of source, the market is segmented into agricultural, municipal, and industrial. Growing demand among agricultural, industrial, and municipal for waste treatment techniques is one of the significant factors that is driving the market growth. The implementation of biogas as a source of renewable energy in various developing and developed countries is another factor estimated to support the growth.

The industrial segment is expected to lead the overall global share over the estimated period at a CAGR of 4%. Likewise, materials used in biomass are unexplored, which suggests a significant opportunity for the future development of this technology. Agricultural producing countries, such as Indonesia and India, are supposed to integrate with considerable chances for industries development as the execution of biogas manufacture and application of biofuel is projected to provide additional sources of revenue for the farmers across the world. For instance, there are some cogeneration plants that are using agricultural residues like Bagasse in India, Mauritius, Kenya, and Ethiopia that is successful.

Application Insights

By application, the market is categorized into vehicle fuel, heat generation, electricity generation, and others. Electricity accounted for the largest application segment in 2020 and is expected to grow at a CAGR of 4% over the forecast period. The growing attention to the use of renewable energy, particularly in the electric power sector, has significantly increased the use of biogas for electricity generation. Moreover, the shift in various countries towards gas-based powerplants from coal-based powerplants due to an increase in carbon emission is expected to fuel the demand for biogas for electricity generation over the forecast period.

Demand for advanced biofuel is supposed to increase in the upcoming years owing to the lower cost of fuel and defiance with strict vehicle emission regulations. The vehicle fuel segment is in second-highest demand as the world is shifting towards the usage of gas as a fuel in the transportation sector, wherein Compressed Natural Gas (CNG) is used as a substitute for Compressed Biogas (CBG).

Regional Scope

In terms of value, Europe dominated the global biogas market in 2020. The region is expected to remain dominant during the forecast period, due to the presence of favorable government policies and availability of infrastructure for biogas. Europe also has the highest number of biogas plants in the world. According to The European Biogas Association, the number of biogas plants in the region increased from 483 in 2018 to 729 in 2020. Currently, 18 countries produce biogas in Europe. The number of biogas operational plants stood at more than 18,000 in Europe in 2019. Germany accounted for more than 9,000 operational biogas plants in the year. Thus, Germany is a leading country in terms of number of biogas plants in the region as well as in the world.

North America is projected to be a lucrative region of the global biogas market during the forecast period. This can be ascribed to the increase in awareness about renewable energy in the region. The rise in usage of biogas in the automobile industry is another key factor that is propelling the demand for biogas in North America. The U.S. is the leading market for biogas in North America. The U.S. has more than 2,200 biogas producing sites. Canada is anticipated to be a lucrative country for biogas during the forecast period, owing to the increase in awareness as well as high adoption of green energy in the country.

Asia Pacific was a promising region in the global biogas market in 2019. Governments of countries in the region have been promoting biogas for cooking purposes in rural areas. For instance, the Government of India is providing subsidies and free biogas household plants to produce biogas in rural areas. The Government of China is promoting biogas for households in rural areas. The number of biogas plants installed stood at more than 70,000 in China in 2019.  According to the International Energy Agency report 2020, there was notable development in the biogas market in Asia Pacific, primarily in China, India, and ASEAN countries. Awareness about the environment in countries such as China, India, and those in ASEAN is expected to drive the biogas market in the region during the forecast period.

Key Players

Major players operating in the global biogas market are Air Liquide, Wärtsilä, Future Biogas Limited, PlanET Biogas Global GmbH, WELTEC BIOPOWER GMBH, Scandinavian Biogas Fuels International AB, EnviTec Biogas AG, Biofrigas Sweden AB, Ameresco, and Quantum Green.

Market Segmentation

By Source

• Municipal Waste
• Animal Waste
• Agricultural Waste
• Others (including  Waste From Food, Wood, Paper, and Cardboard)

By End Use

• Power Generation
• Cogeneration
• Heat
• Others (including Fuel in Vehicles)

By Region

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Italy
  • France
  • Spain
  • Germany
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

This report focuses on biogas market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall biogas market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global biogas market.

The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Major Key Points Covered in Report:

Executive Summary: It includes key trends of the biogas market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the biogas market based on production and revenue.

Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Biogas market.

Market Segments: This part of the report discusses about product, application and other segments of the biogas market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global biogas market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the biogas market.

The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.

The analysts have provided a comprehensive analysis of the competitive landscape of the global biogas market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.

• Company Overview
• Company Market Share/Positioning Analysis
• Product Offerings
• Financial Performance
• Recent Initiatives
• Key Strategies Adopted by Players
• Vendor Landscape
• List of Suppliers
• List of Buyers

Research Methodology

The research methodology adopted by analysts for compiling the global biogas market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global biogas market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2021) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.