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The global biogas market is expected to exhibit a CAGR of 4.92% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Biogas is a green energy source for the local grid that produces power and heat while emitting less greenhouse gases, such as methane (CH4), carbon oxide (CO2), and nitrous oxide (N2O). It is produced by the anaerobic decomposition or thermochemical conversion of biomass, such as food scraps and animal wastes. These scraps and wastes are collected from municipal solid waste dumps and livestock manure holding ponds and kept in special tanks called anaerobic digesters under regulated conditions. Biogas offers several advantages, such as environmental-friendly recirculation of organic waste from industry and households, protection of subsoil water and increasing the yield on fields.
The growing demand for renewable energy on account of rising environmental concerns represents one of the key factors driving the market. Moreover, governments of several countries are implementing stringent regulations to minimize the dependency on conventional fuels and meet the goal of zero carbon emissions. This, along with the rising use of biogas for cooking as it produces fewer pollutants during cooking compared to any other fuel, is propelling the growth of the market. In addition, the growing investment in the development of refineries is positively influencing the market across the globe. Additionally, businesses around the world are undertaking several measures as a part of corporate social responsibility (CSR) to contribute to the overall well-being of the community and society. This, coupled with the rising awareness among individuals about the environmental pollution and overuse of fossil fuels, is offering lucrative growth opportunities to industry investors. Furthermore, the surging demand for energy from the commercial and industrial sectors worldwide is projected to strengthen the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global biogas market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on feedstock, application and end use.
Breakup by Feedstock:
Breakup by Application:
Breakup by End Use:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Liquide S.A., Engie SA, EnviTec Biogas AG, Gasum Oy, Hitachi Zosen Inova AG (Hitachi Zosen Corporation), IES BIOGAS srl, PlanET Biogas Group GmbH, Scandinavian Biogas Fuels International AB, TotalEnergies SE, Wärtsilä Oyj Abp, WELTEC BIOPOWER GmbH and Xebec Adsorption Inc.
|Base Year of the Analysis||2021|
|Segment Coverage||Feedstock, Application, End Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Air Liquide S.A., Engie SA, EnviTec Biogas AG, Gasum Oy, Hitachi Zosen Inova AG (Hitachi Zosen Corporation), IES BIOGAS srl, PlanET Biogas Group GmbH, Scandinavian Biogas Fuels International AB, TotalEnergies SE, Wärtsilä Oyj Abp, WELTEC BIOPOWER GmbH and Xebec Adsorption Inc.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
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We expect the global biogas market to exhibit a CAGR of 4.92% during 2022-2027.
The growing awareness towards the environmental pollution, along with the increasing demand for renewable energy, such as biogas to reduce fossil fuel dependency and carbon emissions, is primarily driving the global biogas market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for biogas.
Based on the feedstock, the global biogas market can be categorized into livestock manure, sewage, food waste, crop residues, and energy crops. Currently, energy crops account for the majority of the global market share.
Based on the application, the global biogas market has been segregated into electricity generation, biofuel production, and heat generation. Among these, electricity generation currently holds the largest market share.
Based on the end use, the global biogas market can be bifurcated into residential, commercial, and industrial. Currently, the residential sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global biogas market include Air Liquide S.A., Engie SA, EnviTec Biogas AG, Gasum Oy, Hitachi Zosen Inova AG (Hitachi Zosen Corporation), IES BIOGAS srl, PlanET Biogas Group GmbH, Scandinavian Biogas Fuels International AB, TotalEnergies SE, Wärtsilä Oyj Abp, WELTEC BIOPOWER GmbH, and Xebec Adsorption Inc.
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