What Fueled Biogas Market?
The biogas market has seen considerable growth due to a variety of factors.
• Over the last few years, the biogas market has experienced significant growth. Its size is expected to increase from $82.1 billion in 2024 to $88.79 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.1%.
The historic growth period's surge can be linked to the growth of emerging markets, a rise in demand for environmentally friendly energy, the negative environmental impacts of traditional power generation methods, an increased requirement from the automotive and transportation industries, as well as soaring fuel prices.
What are the Forecasted Growth and Key Factors of the Biogas Market?
The biogas market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are high for a substantial expansion in the biogas market over the upcoming years. By 2029, the market is projected to reach $115.12 billion, with an annual compound growth rate (CAGR) of 6.7%.
This promising growth during the projection period is largely due to governmental encouragement, global demographic increases and urbanization. It's also driven by a transition towards alternative energy generation methods, heightened global consciousness about curbing greenhouse gas emissions, and an upswing in Research and Development (R&D) operations. The projected period's predominant trends are centered on liquefied biogas, fresh financial inputs, technological progress, product novelty, strategic alliances and partnerships, and expansion of facilities.
What Are The Core Factors Supporting Growth In Biogas Market?
The growth of the biogas market is expected to be fuelled by escalating research and development endeavors. Biofuels, including biogas, biodiesel, and syngas, are energy sources derived from biomass such as plants or microalgae through thermal, chemical, or biochemical conversion procedures. These fuels are combusted to produce energy. Research and development endeavors encompass manufacturing, processing, evaluation, and scrutiny of materials using diverse technologies to yield superior products. For instance, the US Department of Energy (DOE) in January 2023 declared funding worth over $100 million to boost US biofuels production in a bid to reduce greenhouse gas emissions from transportation and achieve climate goals as part of the Biden administration's initiatives. The Department is set to allocate $118 million to 17 projects aimed at fast-tracking the production of biofuels that can be generated from biomass like agricultural waste, soybean oil, and animal fats. This funding is in addition to the over $500 million invested by the DOE into bioenergy and biorefinery research and development in the preceding two years. Hence, the surge in research and development endeavors is anticipated to propel the biogas market.
How Is the Biogas Market segmented?
The biogas market covered in this report is segmented –
1) By Source: Municipal Waste, Industrial Waste, Agricultural Waste, Other Sources
2) By Application: Residential, Commercial, Industrial
3) By End-User: Power Generation, Heat Generation, Cogeneration, Other End-Users
Sebsegments:
1) By Municipal Waste: Food Waste, Yard Waste, Sewage Sludge, Organic Fraction Of Municipal Solid Waste (OFMSW)
2) By Industrial Waste: Food Processing Waste, Dairy Waste, Brewery Waste, Pharmaceutical Waste
3) By Agricultural Waste: Crop Residues (Straw, Husks), Animal Manure (Cattle, Poultry, Swine), Agro-Industrial By-Products
4) By Other Sources: Landfill Gas, Wastewater Treatment Plant Effluent, Energy Crops
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What New Trends Are Influencing the Biogas Market?
Companies in the biogas industry are placing a significant emphasis on technological innovation in order to solidify their positions. For instance, Volvo Trucks, a truck manufacturing company based in Sweden, unveiled a new, more potent gas-driven truck, capable of running on liquefied biogas, in February 2023. The gas-operated Volvo FH (Forward control High entry) and FM (Forward control Medium height cab) trucks had additional 500 horsepower infused into their preexisting 420 and 460 horsepower engines. The gas engines were also upgraded with substantial technological enhancements, which boosted their fuel efficiency by as much as 4%. This, coupled with a newly introduced gas tank, which is 10% larger, leads to an extended range.
Who Are the Key Players in the Biogas Market?
Major companies operating in the biogas market include:
• Engie SA
• Air Liquide
• EnviTec Biogas AG
• Hitachi Zosen Corporation
• Gasum Oy
• Ameresco
• Wartsila
• Schmack Biogas GmbH
• Future Biogas Limited
• Weltec Biopower GmbH
• Green Elephant India Private Limited
• Spectrum Renewable Energy Pvt. Ltd.
• Atmos BioEnergy
• Biogas Engineering India Pvt Ltd
• Nikkiso Clean Energy & Industrial Gases Group
• Aqua Society Co. Ltd.
• AAT Biogas Technology
• Biogass Renewables Pty Ltd
• Aquatec Maxcon
• Cyy Bio Power Co. Ltd.
• K-BioPower Co. Ltd.
• New Energy Technology Co. Ltd.
• Mingshuo Environment Technology Group Co. Ltd.
• Hubei Kexin Environmental Energy Co. Ltd.
• Asia Biogas
• Beijing Shenwu Environment & Energy Technology
• TotalEnergies SE
• Aerzener Maschinenfabrik GmbH
• PlanET Biogas Group GmbH
• Zorg Biogas GmbH
• Evergaz
• Veolia Environnement S.A.
• BTS Biogas Srl/GmbH
• Biogas Systems Nord LLC
• RosBio LLC
• SIBIO LLC
• BD Agro Renewables
• Dynamic Biogas Development Sp. z o.o.
• Polish Biogas Group
• DVO Inc.
• Greenlane Biogas
• Nacelle
• Paques Environmental Environmental Technologies Inc.
• Raven
• Harp Renewables Limited
• GranBio
• CIBiogás
• Ennox
• Biomaster
• Ecometano
• Itaipu Biogas Plant
• Masdar
• Abu Dhabi National Oil Company
• BEEAH Group
• Bahwan Renewable Energy Company
• ACWA Power
• Neutral Fuels
• Saudi Aramco
• Bambino Bio Refinery Limited
• HomeBiogas
• Biogas Solutions
• SAR Energy
• Avenam Links Int`l Ltd.
What Is The Most Dominant Region In The Biogas Market?
Europe was the largest region in the biogas market in 2024. Asia-Pacific is expected to record the fastest growth over the forecast period. The regions covered in the biogas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
