Biogas Global Market Report 2024

Biogas, a biofuel formed from organic waste decomposition, is generated through anaerobic digestion. This process, occurring without oxygen, produces cleaner fuel suitable for cooking, lighting, and electricity while reducing methane emissions.

The primary biogas sources include municipal, industrial, and agricultural waste. The anaerobic digestion of organic municipal solid waste (OFMSW) generates biogas used for energy production, reducing landfill waste. Biogas applications span residential, commercial, and industrial sectors, utilized for power generation, heat production, and cogeneration.

The biogas market research report is one of a series of new reports from The Business Research Company that provides biogas market statistics, including biogas industry global market size, regional shares, competitors with a biogas market share, detailed biogas market segments, market trends and opportunities, and any further data you may need to thrive in the biogas industry. This biogas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The biogas market size has grown strongly in recent years. It will grow from $76.05 billion in 2023 to $82.89 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. During the historic period, growth in biogas was driven by the expansion of emerging markets, heightened demand for clean energy, environmental concerns linked to conventional power sources, increased need from automotive and transportation sectors, and rising fuel expenses.

The biogas market size is expected to see strong growth in the next few years. It will grow to $110.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. In the upcoming period, biogas growth is driven by government support, urbanization, and R&D. Trends include liquefied biogas, investments, tech advancements, collaborations, and expansions.

The biogas market is poised for growth, supported by an upsurge in research and development activities. Biofuels, derived from hydrocarbon-rich living organisms, are pivotal in the energy generation landscape. Biofuels, including biodiesel, biogas, and syngas, are combusted to produce energy through thermal, chemical, or biochemical conversion processes. The ongoing research and development endeavors encompass manufacturing, processing, testing, and inspection of materials, employing diverse technologies to enhance product quality. A notable example is the January 2023 initiative by the U.S. Department of Energy (DOE), allocating over $100 million in funding to expand U.S. biofuels production. This strategic move aligns with the Biden administration's efforts to curb greenhouse gas emissions from the transportation sector and achieve climate objectives. The DOE's plan entails awarding $118 million to 17 projects aimed at accelerating biofuels production from biomass, including agricultural waste, soybean oil, and animal fats. This funding supplements the over $500 million invested by the DOE in bioenergy and biorefinery research and development over the past two years, affirming the pivotal role of research and development in propelling the biogas market.

Government support is anticipated to drive the growth trajectory of the biogas market in the forecast period. Governments across various nations are actively endorsing the manufacturing and services sector to foster innovative solutions that cater to industry needs. For instance, the Swedish government recently unveiled a substantial long-term investment plan designed to boost biogas and biomethane production. This initiative aims to reduce the country's reliance on fossil natural gas imports and contribute to climate and environmental goals. The Swedish regulation accompanying this plan includes subsidies for the production of purified biogas and liquefied biomethane. Furthermore, in February 2022, Japanese city gas utilities revealed plans to introduce a 'clean gas certificates' framework for e-methane and biogas in the fiscal year 2024-25. This framework is envisioned to facilitate the acceleration of carbon neutrality efforts. In essence, government support is anticipated to play a pivotal role in propelling the biogas market forward during the forecast period.

Companies within the biogas market are strategically advancing their technologies to fortify their market position. An exemplar of this strategic focus is Volvo Trucks, a Sweden-based truck manufacturer, which, in February 2023, introduced a robust gas-powered truck capable of running on liquified biogas. Specifically, the Volvo FH (Forward control High entry) and FM (Forward control Medium height cab) gas-powered trucks witnessed a substantial power boost, with an additional 500 horsepower supplementing their existing 420 and 460 horsepower engines. Moreover, these gas engines underwent noteworthy technological enhancements, leading to a remarkable improvement in fuel efficiency, reaching up to 4%. Complementing these advancements, a new gas tank, expanded by 10%, contributes to an extended operational range for these innovative gas-powered trucks. This initiative underscores the industry's commitment to leveraging cutting-edge technologies for enhanced performance and sustainability in the biogas market.

Major players in the biogas market are increasingly prioritizing collaborations and acquisitions as part of their strategic initiatives to enhance financial robustness, broaden their product portfolios, and expand their geographical footprint. An illustrative instance of this trend is the partnership between Nature Energy, a Denmark-based biogas producer, and Nordion Energi, a Denmark-based energy infrastructure specialist, announced in April 2023 for an undisclosed amount. This collaborative venture aims to leverage Nature Energy's proficiency in developing and operating large-scale biogas production facilities in synergy with Nordion Energi's capabilities in managing and advancing energy infrastructure. The objective is to facilitate the integration of new biogas production into the grid. Another noteworthy collaboration is the partnership established in June 2022 between TotalEnergies, a global multi-energy company, and Adani Enterprises Limited, a leading energy and infrastructure platform in India. This strategic alliance focuses on the production and commercialization of green hydrogen in India, marking a significant collaboration in the realms of renewable power and biogas production. These strategic moves underscore the industry's commitment to strengthening its position through synergistic partnerships and acquisitions in the dynamic biogas market landscape.

In January 2021, Total SE, a French energy company specializing in oil, gas, and electricity, completed the undisclosed acquisition of Fonroche Biogaz. This strategic move positions Total as a significant player in France and Europe's renewable gas sector, expanding its presence in anaerobic digestion plants operated by Fonroche Biogaz, a subsidiary of Groupe Fonroche.

Major companies operating in the biogas market report are 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, CIBiogas, 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.

Europe was the largest region in the biogas market in 2023. 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.

The countries covered in the biogas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The biogas market consists of sales of fixed dome biogas and floating drum biogas. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Biogas Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on biogas market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for biogas? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The biogas market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Engie SA; Air Liquide; EnviTec Biogas AG; Hitachi Zosen Corporation; Gasum Oy
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.