PUBLISHER: Allied Market Research | PRODUCT CODE: 1298378
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298378
The global biogas plant market was valued at $3.8 billion in 2022, and is projected to reach $5.6 billion by 2032, growing at a CAGR of 4.3% from 2023 to 2032.
Biogas plant is a facility in which biogas is produced from the waste material such as agricultural waste, manure, municipal waste, plant material, sewage, green waste, wastewater, and food waste. Biogas plant produces renewable energy source. A biogas plant is the name often given to an anaerobic digester which treats farm wastes or energy crops. The digester will generate biogas at the top of the tank leaving behind liquid slurry at the bottom.
Surge in awareness and promotion of using green energy solution are expected to drive the global biogas plant market growth in the coming years. Biogas plants are energy-saving, economical, safe, and eco-friendly which is expected to fuel biogas plant market growth in renewable power infrastructure projects. The investment in biogas plants is increasing as biogas increases power production at minimal cost which boosts the biogas plant market trend during the forecast period. Government and higher authorities are amending waste management policies which is creating opportunities for the global biogas plant market.
According to biogas plant market analysis, biogas plants not only provide green energy, but also important for comprehensive utilization of biomass forestry, animal husbandry, fishery, agricultural economy, protecting the environment, realizing agricultural recycling, as well as improving the sanitary conditions. Moreover, both the developing and developed countries are adopting renewable power sources which contribute to the rapid growth of the biogas plant market. Major power generation companies create opportunities for the biogas plant industry by investing majorly in modern technology development.
Biogas plants are the finest solution for waste management as biogas plant assists developing countries with their landfill issues. The biogas plants turn a waste management issue into a revenue opportunity. There is a significant improvement regarding waste collection and management in areas with biogas plants. The waste in biogas plant is turned into biogas, which is further utilized in the form of fertilizers and in electricity, heating, and cooking applications. Subsequently, biogas plant has advantages of improving water quality as anaerobic digestion process deactivates pathogens and parasites in wastewater. Biogas plant helps improve the environment and lower the landfills which drive the growth of the global biogas plant market.
The biogas plant market is segmented on the basis of type, operation mode, plant size, feedstock type, application, industry vertical, and region. On the basis of type, the market is divided into balloon plants, fixed-dome plant, and floating-drum plants. On the basis of operation mode, the market is bifurcated into continuous flow filling and semi-batch filling. On the basis of plant size, the market is categorized into small size biogas plant and large size biogas plant. On the basis of feedstock type, the market is classified into agricultural waste, animal waste, industrial waste, sewage sludge, others. On the basis of application, the market is fragmented into electricity generation, heat generation, and biofuel generation. On the basis of industry vertical, the market is classified into oil and gas, energy and power, automotive and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global biogas plant industry include: Ameresco, PlanET Biogas Group GmbH, Biofrigas Sweden AB (Publ), Gasum Ltd, EnviTec Biogas AG, Air Liquide, CH4 Biogas, IES BIOGAS srl, Wartsila and Renergon International AG.