Biogas Plant Market Size & Share, by Type (Small-Scale, Medium-to-Large Scale Digesters); Application (Electricity Generation, Biofuel, Heat Generation); Feedstock (Agricultural Residue, Bio-Municipal Waste, Energy Crops) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3204
  • Published Date: Mar 06, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Biogas Plant Market size is anticipated to reach USD 8 billion by the end of 2035, growing at a CAGR of 10% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of biogas plant was USD 4 billion. The growth of the market can be attributed to the increasing rate of pollution around the world, which in turn is giving rise to the environmental concerns associated with carbon emissions. According to the World Health Organization, 91% of the world's population resides in places where the air quality index exceeds the WHO guidelines. Moreover, 4.2 million deaths occur every year as a result of exposure to outdoor air pollution.

In addition, as fossil fuels are limited in quantity and are widely consumed for various purposes, the emphasis on alternative environment-friendly fuels that produce imperishable forms of energy is expected to witness growth. This is another factor considered to drive market growth in the upcoming years. Furthermore, the growing adoption of the Paris climate change agreement by a large number of countries is also projected to increase the usage of biogas in the near future, in order to minimize the implications of global warming.


Biogas Plant Market
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Biogas Plant Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~10%

Base Year Market Size (2022)

~ USD 4 Billion

Forecast Year Market Size (2035)

~ USD 8 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Biogas Plant Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Surge in Urban Population - Around 4.4 billion people, or 56% of the world's population, reside in cities. By 2050, approximately 7 out of 10 people would live in cities, with the urban population predicted to more than double its current level. Over the past few years, population growth, migration from rural to urban regions, and increased waste production have all contributed to a spike in energy demand. This would surely necessitate increasing waste treatment capacity, which would fuel biogas plant market expansion.
  • Growing Demand for Biogas - The comparable energy content of the world's biogas production in 2020 was about 2 exajoules. In contrast, approximately 0.28 exajoules of biogas were produced in 2000. Additionally, in Kenya, biogas was utilized for cooking by about 89 thousand individuals as of 2018. The number grew from approximately 79 thousand the year prior.
  • Rise in Emission of Greenhouse Gases - In 2021, the amount of carbon dioxide released into the atmosphere by industry and fossil fuels grew globally by about 4% to a record-breaking approximately 36 billion metric tonnes (GtCO2).
  • Supporting Policies of Government for Waste Management - The Indian government started a program to create energy from trash and leftovers from urban, industrial, and agricultural sources. The program's goal is to assist in the establishment of Waste to Energy projects for the production of Syngas, Biogas, BioCNG, Electricity, and Producer from municipal, industrial, and agricultural wastes and residues.
  • Upsurge in Investment in Biogas - Renewable Energy India Expo 2022 has received a pledge of investment worth about USD 15 Billion, according to the Indian Biogas Association (IBA), a business organization made up of biogas plant operators, manufacturers, and planners.

Challenges

  • High Investment in Order to Establish Plant - The amount of funds needed to determine construction expenses is very significant. A plant's construction costs cover labor, land, materials, engineering, and equipment. Numerous countries throughout the world have contributed financially to the construction of these institutions. The supply chain is also expensive and time-consuming since it involves gathering, sorting, processing, and distributing feedstock, operating and maintaining plants, and selling and distributing the gas generated.
  • No Launch of New Technologies in Order to Ease the Process
  • Lack of Awareness Among People


Biogas Plant Segmentation

Application (Electricity Generation, Biofuel, Heat Generation)

The electricity generation segment in the biogas plant market is poised to grow at the highest share by the end of 2035 on account of rising demand for electricity and growing electrification of transport. As per the data provided by International Energy Agency (IEA), the total energy consumption in the world increased by 856 TWh from 2017 to 2018. The values for the same were 21,460 TWh and 22,316 TWh in the respective years. Along with these, the increasing disposable income of people around the world coupled with escalating usage of digitally connected devices is also evaluated to boost the growth of this market segment in the future.

Type (Small-Scale, Medium-to-Large Scale Digesters)

Biogas plant market from the small-scale segment is estimated to have significant growth over the forecast period owing to the increasing implementation of these types of biodigesters in rural areas of developing countries to reduce dependency on liquefied petroleum gas (LPG), natural gas and other hydrocarbon fuels. Moreover, government are initiating efforts in order to encourage the people living in rural area to adopt biogas digester by making them aware about adverse effects of fuel.

Our in-depth analysis of the global market includes the following segments:

 

         Type

  • Small-Scale
  • Medium-to-Large Scale Digesters

         Application

  • Electricity Generation
  • Biofuel
  • Heat Generation

           Feedstock

  • Agricultural Residue
  • Bio-Municipal Waste
  • Energy Crops

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Biogas Plant Industry - Regional Synopsis

APAC Market Forecast

The Asia Pacific biogas plant market is projected to hold the largest market share of 30 % by the end of 2035, backed by ample availability of organic waste in countries, namely India, China, and Thailand, along with growing government initiatives. According to the World Bank, 23% of the world's waste is generated in East Asia and the Pacific. It is calculated that by 2030, around 602 million tons of waste would be accumulated in this region.

Europe Market Forecast

The biogas plant market in Europe is predicted to gather the largest share by the end of 2035, ascribing to the huge volume of biogas production and rising spending by key market players to build modern biogas production facilities in the region. Moreover, increasing stricter regulations on greenhouse gas (GHG) emissions would greatly stimulate the market growth in this region.

Research Nester
Biogas Plant Market Size
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Companies Dominating the Biogas Plant Landscape

top-features-companies
    • Ameresco Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Engie SA
    • Air Liquide SA
    • Gasum Oy
    • EnviTec Biogas AG
    • Future Biogas Limited
    • AB HOLDING SPA
    • IES BIOGAS S.r.l
    • PlanET Biogas Global GmbH
    • RENERGON International AG

In-the-news

In The News

  • Italian biogas plant developing company BTS Biogas SRI announced a collaboration with Engie SA to develop renewable natural gas projects throughout Europe. The duo is determined to build and manage facilities that make use of organic wastes only.
  • The largest biomethane production plant in the world is being built by Air Liquide in the USA as part of its ongoing development of biomethane activities. This would increase the Group's total global biomethane production capacity to 1.8 TWh. Air Liquide would be able to continue offering low-carbon solutions to its clients in the industrial and transportation sectors and to support them in lowering their emissions owing to the new production facility in the State of llinois.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 3204
  • Published Date: Mar 06, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are surge in urban population, growing demand for biogas, rise in emission of greenhouse gases, and others.

The market size of biogas plant is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2035.

The major players in the market are Ameresco Inc., Engie SA, Air Liquide SA, Gasum Oy and others.

The electricity generation segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Biogas Plant Market Report Scope
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