The global biogas market is expected to grow from $58.90 billion in 2020 to $64.14 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The market is expected to reach $88.47 billion in 2025 at a CAGR of 8.4%.
The biogas market consists of sales of biogas by entities (organizations, sole traders, and partnerships) that are engaged in the production of biogas. Biogas is a form of biofuel that is created spontaneously when organic waste decomposes. Biogas generation is also known as anaerobic digestion since it occurs in the absence of oxygen. It can be used for a range of purposes including automotive fuel, cooking, and power generation.
The main sources of biogas are municipal waste, industrial waste, agricultural waste, and others. Anaerobic Digestion (AD) of the organic portion of municipal solid waste (OFMSW) creates biogas that can be used to generate energy, hence reducing waste that would otherwise be landfilled. Biogas is used for residential, commercial, and industrial purposes. It is implemented in various areas such as power generation, heat generation, cogeneration, others.
Europe was the largest region in the biogas market in 2020. Asia Pacific is expected to record the fastest growth over the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The expansion of production facilities is a key trend gaining popularity in the biogas market. Major companies operating in the biogas sector are focusing on expanding their production facilities to meet the increasing demand for renewable energy and are replacing chemical fertilizers with recycled nutrients in the production of biogas.
The rising shift towards renewable sources of energy is expected to propel the growth of the biogas market in the coming years. Renewable energy, often known as clean energy, is derived from natural sources or procedures that are renewed regularly. Biogas is also referred to as renewable natural gas produced by the breakdown of organic matter such as animal waste and food scraps.
Key Topics Covered:
1. Executive Summary
2. Biogas Market Characteristics
3. Biogas Market Trends and Strategies
4. Impact Of COVID-19 On Biogas
5. Biogas Market Size and Growth
5.1. Global Biogas Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Biogas Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Biogas Market Segmentation
6.1. Global Biogas Market, Segmentation by Source, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.2. Global Biogas Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Biogas Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7. Biogas Market Regional and Country Analysis
7.1. Global Biogas Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Biogas Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion