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Global Biogas Plant Market to Reach 28.6 GW by 2027, Propelled by Rising Energy Demand and Waste Generation Levels

Published on Sep 29, 2022

According to the latest report by IMARC Group, titled “Biogas Plant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global biogas plant market size reached 18.72 GW in 2021. A biogas plant produces biogas by utilizing manure, waste, and other organic materials. The organic waste from commercial and domestic food production, agricultural waste, municipal and industrial sewage, and livestock manure can be converted into biogas. Using biogas as a fuel option plays an instrumental role in generating sustainable energy and reducing the demand for fossil fuels. Due to its clean and environmentally friendly characteristics, biogas plants are increasingly being installed across the globe to produce heat and electricity.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Biogas Plant Market Trends:

The global market is primarily driven by a considerable rise in energy demand and waste generation levels. This can be attributed to rapid urbanization, leading to the migration of people from rural to urban areas. In addition to this, favorable initiatives undertaken by government and private bodies in terms of financial incentives as well as supportive regulations towards biogas plants are providing an impetus to the market. The market is also propelled by the growing demand for eco-friendly alternative fuel sources and the widespread usage of renewable energy in total power generation to minimize GHG emissions. Furthermore, the increasing measures undertaken for controlling the volume of disposed waste into landfills are further providing a boost to the market growth. Some of the other factors contributing to the market include rapid industrialization, the increasing awareness regarding eco-friendly energy sources, continual depletion of fossil fuels and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach a value of 28.6 GW by 2027, exhibiting a CAGR of 7.10% during 2022-2027.

Market Summary:

  • Based on the plant type, the market has been segmented into mall-scale digesters and medium-to-large-scale digesters.
  • On the basis of the feedstock, the market has been divided into agricultural waste, industrial waste, sewage sludge, and others.
  • Based on the digestor type, the market has been classified into wet anaerobic digestion and dry anaerobic digestion.
  • On the basis of the application, the market has been categorized into electricity generation, biofuel generation, and heat generation.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include AB Holding S.p.a., Agraferm GmbH, Air Liquide S.A., Ameresco Inc., BTS Biogas Srl/GmbH (Bioenergy Devco), Engie SA, EnviTec Biogas AG, Finn Biogas, IES BIOGAS S.r.l. (Snam SPA), NASKEO environnement, PlanET Biogas Group GmbH, Scandinavian Biogas Fuels International AB, and Wärtsilä Oyj Abp.
     

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