The global biogas market size was valued over USD 70 billion in 2018 and expected to reach value to cross $120 billion by 2026, register over 7% CAGR from 2019 to 2026.
Ongoing initiatives toward the utilization of industrial, municipal and energy crops coupled with growing penetration of biofuels across the transportation sector has created a favorable business scenario. Increasing efforts toward the deployment of sustainable energy technologies along with the introduction of innovative financial instruments, incentives and subsidy schemes will proliferate the business landscape. In addition, ongoing efforts toward reducing out dependence on fossil fuel sources for power generation will enhance the industry outlook.
Sewage sludge biogas market is set to grow on account of increasing focus toward the treatment of the residual sludge from sewage treatment facilities along with growing environmental concerns pertaining to ineffective sludge disposal practices. In addition, shifting trends toward the creation of additional revenue steam by onsite energy production or sale of electricity to the local grid will further enhance technology adoption over the forecast timeline.
Rising electricity prices and growing consumer awareness toward climate change are few of the key factors fueling the deployment of 500 kW – 3 MW biogas plants. Adoption of RE technologies to support several ancillary processes along with intensifying regulations to minimize our carbon footprint will stimulate technology adoption. Furthermore, burgeoning energy demand across key energy intensive sectors including refining, food processing and oil & gas will enhance the industry outlook.
With pre-hydrolysis biogas industry is set to witness strong growth on account of rising demand for sludge stabilization. Minimal production of biosolids, low costs and enhanced energy recovery are some of the prominent features favoring the technology deployment over other available alternatives over the forecast timeline.
Global biogas market from commercial application will grow on account of surging demand for space heating applications. High energy density and availability of abundant feedstock has created a favorable business scenario. In addition, growing demand for effective waste treatment technologies will further enhance the industry landscape.
Asia Pacific biogas market will witness robust growth on account of shifting trends toward the adoption of renewable energy sources and increasing demand for electricity. Limited access to electricity and installation of grid infrastructure will fuel the installation of biogas systems over the forecast timeframe. Furthermore, availability of cheap feedstock coupled with intensifying emission regulations will drive the industry growth.
Anaerobic Digestion market in 2018, was assessed over USD 45 billion and is anticipated to witness growth over 6% by 2025. Energy independence and improved soil health are few eminent characteristics making the adoption of anaerobic digestion process favorable. Growing focus toward the conservation of agricultural land along with intensifying initiatives toward the improvement of the local economy has fueled the development of biogas plants.
Notable industry participants oprating across the biogas market comprise of Agrinz, Envitech Biogas, Scandinavian Biogas, Agraferm, Viessmann, Gasum, BTS-biogas, Agrivert Ltd, WELTEC, IES Biogas, PlanET Biogas, BIO-EN Power, AB Holding, ÖKOBIT GmbH, ENGIE S.A, Xergi A/S, BDI and Zorg Biogas amongst others.
Biogas market, By Substrate
The above information is provided on a regional & basis for the following:
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